# EDGAR Filing Document

**Accession Number:** 0000751173
**File Stem:** 0000940400-26-021761
**Filing Date:** 2026-5
**Character Count:** 82111
**Document Hash:** 54af801d6594dea9215499aea74932c2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-021761.hdr.sgml**: 20260528

**ACCESSION NUMBER**: 0000940400-26-021761

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260528

**DATE AS OF CHANGE**: 20260528

**PERIOD START**: 20261231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MANNING & NAPIER FUND, INC.
- **CENTRAL INDEX KEY:** 0000751173

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04087
- **FILM NUMBER:** 261032150

**BUSINESS ADDRESS:**
- **STREET 1:** 290 WOODCLIFF DRIVE
- **CITY:** FAIRPORT
- **STATE:** NY
- **ZIP:** 14450
- **BUSINESS PHONE:** 585-325-6880

**MAIL ADDRESS:**
- **STREET 1:** 290 WOODCLIFF DRIVE
- **CITY:** FAIRPORT
- **STATE:** NY
- **ZIP:** 14450

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MANNING & NAPIER FUND, INC /NY/
- **DATE OF NAME CHANGE:** 20060929

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** EXETER FUND INC /NY/
- **DATE OF NAME CHANGE:** 19980226

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MANNING & NAPIER FUND INC
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### Diversified Tax Exempt Series (Series ID: S000003638)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000010108 | Class A      | EXDVX           |
| C000206454 | Class W      | MNDWX           |

## Nport-Ex

**Investment Portfolio - March 31, 2026**

(unaudited)

---

| | | |
|:---|:---|:---|
| DIVERSIFIED TAX EXEMPT SERIES | PRINCIPAL <br> AMOUNT<sup>1</sup>/ <br> SHARES | VALUE |
| **MUNICIPAL BONDS - 92.8%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;FHLMC Multifamily VRD Certificates, Series ML-3, Revenue Bond, 4.641%, 10/25/2040<sup>2</sup> | 2000000 | $2025117 |
| &nbsp;&nbsp;&nbsp;&nbsp;Freddie Mac Multifamily M.L. Certificates, Series ML19, Class A, 4.033%, 12/25/2036<sup>2</sup> | 2127530 | 2111737 |
|  |  | 4136854 |
| **ALASKA - 0.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Alaska Municipal Bond Bank Authority, School Impt., Series ONE, Revenue Bond, 5.000%, 12/1/2031 | 500000 | 554930 |
| **ARIZONA - 0.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Pinal County Unified School District No. 21 Coolidge |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;School Impt., Series C, G.O. Bond, AGC, 5.000%, 7/1/2032 | 175000 | 193866 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;School Impt., Series C, G.O. Bond, AGC, 5.000%, 7/1/2033 | 130000 | 144055 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;School Impt., Series C, G.O. Bond, AGC, 5.000%, 7/1/2035 | 150000 | 166640 |
|  |  | 504561 |
| **COLORADO - 0.4%** |  |  |
| &nbsp;&nbsp;&nbsp;Denver Wastewater Management Division Department of Public Works, Public Impt., Revenue Bond, 5.000%, 11/1/2029 | 750000 | 792054 |
| **DISTRICT OF COLUMBIA - 4.3%** |  |  |
| &nbsp;&nbsp;&nbsp;District of Columbia |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Public Impt., Series A, G.O. Bond, 5.000%, 10/15/2036 | 1265000 | 1324889 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Public Impt., Series A, G.O. Bond, 5.000%, 1/1/2041 | 2000000 | 2147187 |
| &nbsp;&nbsp;&nbsp;District of Columbia Income Tax School Impt., Series A, Revenue Bond, 5.000%, 7/1/2041 | 1115000 | 1195236 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;School Impt., Series A, Revenue Bond, 5.000%, 7/1/2042 | 1895000 | 2011085 |
| &nbsp;&nbsp;&nbsp;District of Columbia Water & Sewer Authority, Water Utility Impt., Series B, Revenue Bond, 5.000%, 10/1/2047 | 1000000 | 1029548 |
|  |  | 7707945 |
| **FLORIDA - 6.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Broward County, Water & Sewer Utility, Sewer Impt., Series A, Revenue Bond, 5.000%, 10/1/2038 | 4000000 | 4207477 |
| &nbsp;&nbsp;&nbsp;Central Florida Expressway Authority Highway Impt., Senior Lien, Series D, Revenue Bond, 5.000%, 7/1/2033 | 825000 | 904470 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Senior Lien, Revenue Bond, 5.000%, 7/1/2027 | 500000 | 514654 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Senior Lien, Revenue Bond, 5.000%, 7/1/2038 | 530000 | 547020 |
| &nbsp;&nbsp;&nbsp;Florida Department of Transportation Turnpike System, Series B, Revenue Bond, 2.500%, 7/1/2026 | 505000 | 503961 |

---

---

| | | |
|:---|:---|:---|
|  | PRINCIPAL <br> AMOUNT<sup>1</sup>/ <br> SHARES | VALUE |
| **MUNICIPAL BONDS** (continued) |  |  |
| **FLORIDA** (continued) |  |  |
| &nbsp;&nbsp;&nbsp;Fort Lauderdale, Public Impt., Series A, G.O. Bond, 5.000%, 7/1/2043 | 1010000 | $1068676 |
| &nbsp;&nbsp;&nbsp;JEA Electric System, Series A, Revenue Bond, 5.000%, 10/1/2028 | 1000000 | 1056887 |
| &nbsp;&nbsp;&nbsp;Miami-Dade County, Revenue Bond, 5.000%, 4/1/2028 | 1015000 | 1062213 |
| &nbsp;&nbsp;&nbsp;Tampa, Water & Wastewater System, Water Utility Impt., Series A, Revenue Bond, 5.000%, 10/1/2034 | 950000 | 1056586 |
|  |  | 10921944 |
| **GEORGIA - 1.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Atlanta, Series A-1, G.O. Bond, 5.000%, 12/1/2042 | 800000 | 857661 |
| &nbsp;&nbsp;&nbsp;Georgia, School Impt., Series A, G.O. Bond, 5.000%, 7/1/2033 | 1000000 | 1102742 |
|  |  | 1960403 |
| **HAWAII - 2.2%** |  |  |
| &nbsp;&nbsp;&nbsp;City & County of Honolulu, Transit Impt., Series E, G.O. Bond, 5.000%, 3/1/2027 | 2000000 | 2046681 |
| &nbsp;&nbsp;&nbsp;Honolulu County, Series E, G.O. Bond, 5.000%, 9/1/2028 | 500000 | 516917 |
| &nbsp;&nbsp;&nbsp;Maui County, Public Impt., G.O. Bond, 5.000%, 3/1/2034 | 1305000 | 1418047 |
|  |  | 3981645 |
| **ILLINOIS - 5.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Bradley, Public Impt., Series A, G.O. Bond, 5.000%, 12/15/2030 | 1185000 | 1292668 |
| &nbsp;&nbsp;&nbsp;Elgin, Water Utility Impt., G.O. Bond, 5.000%, 12/15/2036 | 1310000 | 1442901 |
| &nbsp;&nbsp;&nbsp;Illinois State Toll Highway Authority Highway Impt., Series B, Revenue Bond, 5.000%, 1/1/2038 | 1050000 | 1053134 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series B, Revenue Bond, 5.000%, 1/1/2031 | 1500000 | 1611221 |
| &nbsp;&nbsp;&nbsp;Kankakee Will Grundy Etc Counties Community College District No. 520 Kankakee, G.O. Bond, 5.000%, 12/1/2028 | 1000000 | 1049106 |
| &nbsp;&nbsp;&nbsp;Lake in the Hills, Multiple Utility Impt., G.O. Bond, 5.000%, 12/15/2037 | 710000 | 779557 |
| &nbsp;&nbsp;&nbsp;Rock Island County School District No. 41 Rock Island, School Impt., Series A, G.O. Bond, AGC, 5.000%, 1/1/2035 | 400000 | 447717 |
| &nbsp;&nbsp;&nbsp;United City of Yorkville |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series B, G.O. Bond, 5.000%, 12/30/2028 | 200000 | 211856 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series B, G.O. Bond, 5.000%, 12/30/2029 | 175000 | 188367 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series B, G.O. Bond, 5.000%, 12/30/2030 | 175000 | 190900 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series B, G.O. Bond, 5.000%, 12/30/2031 | 300000 | 330869 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series B, G.O. Bond, 5.000%, 12/30/2032 | 225000 | 250018 |

---

**1**

**Investment Portfolio - March 31, 2026**

(unaudited)

---

| | | |
|:---|:---|:---|
| DIVERSIFIED TAX EXEMPT SERIES | PRINCIPAL <br> AMOUNT<sup>1</sup>/ <br> SHARES | VALUE |
| **MUNICIPAL BONDS** (continued) |  |  |
| **ILLINOIS** (continued) |  |  |
| &nbsp;&nbsp;&nbsp;United City of Yorkville (continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series B, G.O. Bond, 5.000%, 12/30/2033 | 260000 | $290964 |
|  |  | 9139278 |
| **INDIANA - 1.5%** |  |  |
| &nbsp;&nbsp;&nbsp;Indiana Bond Bank, Series 1, Revenue Bond, 5.000%, 8/15/2036 | 2000000 | 2202311 |
| &nbsp;&nbsp;&nbsp;Indianapolis Local Public Improvement Bond Bank, Correctional Facility Impt, Series A, Revenue Bond, 5.000%, 2/1/2030 | 500000 | 530471 |
|  |  | 2732782 |
| **IOWA - 2.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Altoona, Series A, G.O. Bond, 5.000%, 6/1/2036 | 1845000 | 2014344 |
| &nbsp;&nbsp;&nbsp;Des Moines, Stormwater Utility, Public Impt., Series B, Revenue Bond, 5.000%, 6/1/2031 | 865000 | 939287 |
| &nbsp;&nbsp;&nbsp;Le Mars Community School District, School Impt., G.O. Bond, AGC, 5.000%, 6/1/2034 | 1000000 | 1104217 |
|  |  | 4057848 |
| **KENTUCKY - 0.6%** |  |  |
| &nbsp;&nbsp;&nbsp;Kenton County School District, School Impt., Series A, G.O. Bond, 5.000%, 6/1/2036 | 1050000 | 1145269 |
| **LOUISIANA - 0.3%** |  |  |
| &nbsp;&nbsp;&nbsp;New Orleans, Sewer Impt., Series B, Revenue Bond, 5.000%, 6/1/2027 | 500000 | 512592 |
| **MAINE - 1.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Bar Harbor, Multiple Utility Impt., G.O. Bond, 5.000%, 10/15/2040 | 1000000 | 1086013 |
| &nbsp;&nbsp;&nbsp;Maine Municipal Bond Bank, Highway Impt., Series A, Revenue Bond, 5.000%, 9/1/2027 | 675000 | 697898 |
|  |  | 1783911 |
| **MARYLAND - 0.6%** |  |  |
| &nbsp;&nbsp;&nbsp;Maryland, School Impt., Series A, G.O. Bond, 5.000%, 8/1/2035 | 1000000 | 1070187 |
| **MASSACHUSETTS - 2.9%** |  |  |
| &nbsp;&nbsp;&nbsp;Commonwealth of Massachusetts, Transit Impt., Series C, G.O. Bond, 5.000%, 10/1/2047 | 5000000 | 5176676 |
| **MICHIGAN - 0.7%** |  |  |
| &nbsp;&nbsp;&nbsp;Charter Township of White Lake |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;G.O. Bond, 5.000%, 3/1/2036 | 575000 | 651139 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;G.O. Bond, 5.000%, 3/1/2037 | 515000 | 577148 |
|  |  | 1228287 |
| **MINNESOTA - 1.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Minnesota, Public Impt., Series A, G.O. Bond, 5.000%, 8/1/2036 | 1970000 | 2053656 |
| **MISSOURI - 1.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Clayton, G.O. Bond, 4.000%, 3/15/2028 | 510000 | 524768 |

---

---

| | | |
|:---|:---|:---|
|  | PRINCIPAL <br> AMOUNT<sup>1</sup>/ <br> SHARES | VALUE |
| **MUNICIPAL BONDS** (continued) |  |  |
| **MISSOURI** (continued) |  |  |
| &nbsp;&nbsp;&nbsp;Fort Zumwalt School District, School Impt., G.O. Bond, BAM, 5.000%, 3/1/2033 | 1260000 | $1346317 |
|  |  | 1871085 |
| **NEBRASKA - 2.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Nebraska Public Power District, Series B, Revenue Bond, 5.000%, 1/1/2030 | 640000 | 694101 |
| &nbsp;&nbsp;&nbsp;Omaha Public Power District |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Electric Light & Power Impt., Series A, Revenue Bond, 5.000%, 2/1/2046 | 2065000 | 2141161 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series A, Revenue Bond, 5.000%, 2/1/2031 | 1000000 | 1036961 |
|  |  | 3872223 |
| **NEVADA - 2.4%** |  |  |
| &nbsp;&nbsp;&nbsp;Clark County, Public Impt., G.O. Bond, 5.000%, 11/1/2031 | 3970000 | 4227389 |
| **NEW YORK - 12.4%** |  |  |
| &nbsp;&nbsp;&nbsp;Metropolitan Transportation Authority, Transit Impt., Green Bond, Series C-1, Revenue Bond, 4.750%, 11/15/2045 | 2000000 | 2001354 |
| &nbsp;&nbsp;&nbsp;New York |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Public Impt., Series D, G.O. Bond, 5.000%, 12/1/2042 | 1500000 | 1529230 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series D, Prerefunded Balance, G.O. Bond, 1.216%, 8/1/2026 | 125000 | 123852 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series D, Unrefunded Balance, G.O. Bond, 1.216%, 8/1/2026 | 1075000 | 1065393 |
| &nbsp;&nbsp;&nbsp;New York City |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series B-1, G.O. Bond, 5.000%, 8/1/2027 | 1600000 | 1651084 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series E, G.O. Bond, 5.000%, 8/1/2026 | 1905000 | 1919064 |
| &nbsp;&nbsp;&nbsp;New York City Municipal Water Finance Authority, Series EE, Revenue Bond, 5.000%, 6/15/2040 | 3500000 | 3602767 |
| &nbsp;&nbsp;&nbsp;New York City Transitional Finance Authority Future Tax Secured, Series A-1, Revenue Bond, 5.000%, 8/1/2044 | 3500000 | 3678612 |
| &nbsp;&nbsp;&nbsp;New York State Dormitory Authority, Public Impt., Series C, Revenue Bond, 5.652%, 2/15/2030 | 1000000 | 1050075 |
| &nbsp;&nbsp;&nbsp;New York State Urban Development Corp., Correctional Facility Impt., Revenue Bond, 5.250%, 3/15/2038 | 5000000 | 5476759 |
|  |  | 22098190 |
| **NORTH CAROLINA - 2.8%** |  |  |
| &nbsp;&nbsp;&nbsp;Guilford County, Public Impt., Series B, G.O. Bond, 5.461%, 8/1/2030 | 1400000 | 1429489 |
| &nbsp;&nbsp;&nbsp;Mecklenburg County, School Impt., Series A, G.O. Bond, 4.000%, 4/1/2030 | 2500000 | 2528236 |
| &nbsp;&nbsp;&nbsp;North Carolina Housing Finance Agency, Series 60, Revenue Bond, 3.550%, 7/1/2036 | 1000000 | 966863 |
|  |  | 4924588 |

---

**2**

**Investment Portfolio - March 31, 2026**

(unaudited)

---

| | | |
|:---|:---|:---|
| DIVERSIFIED TAX EXEMPT SERIES | PRINCIPAL <br> AMOUNT<sup>1</sup>/ <br> SHARES | VALUE |
| **MUNICIPAL BONDS** (continued) |  |  |
| **NORTH DAKOTA - 2.8%** |  |  |
| &nbsp;&nbsp;&nbsp;Fargo |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Public Impt., Series A, G.O. Bond, 5.000%, 5/1/2038 | 2235000 | $2417448 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Public Impt., Series A, G.O. Bond, 5.000%, 5/1/2039 | 2350000 | 2528595 |
|  |  | 4946043 |
| **OHIO - 3.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Hamilton County, Parking Facility Impt., Series A, G.O. Bond, 5.000%, 12/1/2037 | 1000000 | 1073335 |
| &nbsp;&nbsp;&nbsp;Ohio, Public Impt., Series A, G.O. Bond, 5.000%, 3/1/2041 | 1845000 | 1987868 |
| &nbsp;&nbsp;&nbsp;Ohio Water Development Authority<br> Sewer Impt., Revenue Bond, 5.000%, 12/1/2036 | 1350000 | 1427134 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sewer Impt., Revenue Bond, 5.000%, 12/1/2037 | 1000000 | 1057241 |
|  |  | 5545578 |
| **OKLAHOMA - 1.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Tulsa County Independent School District No. 9 Union, School Impt., G.O. Bond, 4.000%, 4/1/2030 | 2000000 | 2094052 |
| **PENNSYLVANIA - 4.5%** |  |  |
| &nbsp;&nbsp;&nbsp;Central Dauphin School District, G.O. Bond, 5.000%, 5/15/2037 | 500000 | 545755 |
| &nbsp;&nbsp;&nbsp;Ephrata Area School District, School Impt., G.O. Bond, 5.000%, 3/1/2033 | 1175000 | 1260411 |
| &nbsp;&nbsp;&nbsp;Garnet Valley School District, School Impt., G.O. Bond, 5.000%, 4/1/2034 | 940000 | 1022024 |
| &nbsp;&nbsp;&nbsp;Lancaster School District |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series A, G.O. Bond, BAM, 5.000%, 6/1/2032 | 500000 | 555810 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series A, G.O. Bond, BAM, 5.000%, 6/1/2034 | 1000000 | 1113578 |
| &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Highway Impt., Series A, Revenue Bond, 5.000%, 12/1/2030 | 850000 | 911116 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Revenue Bond, 5.000%, 12/1/2030 | 765000 | 792513 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series A-2, Revenue Bond, 5.000%, 6/1/2028 | 590000 | 592126 |
| &nbsp;&nbsp;&nbsp;Philadelphia Gas Works Co., Revenue Bond, 5.000%, 10/1/2030 | 1005000 | 1012710 |
| &nbsp;&nbsp;&nbsp;Pittsburgh Water & Sewer Authority, Series B, Revenue Bond, AGM, 5.000%, 9/1/2032 | 300000 | 325715 |
|  |  | 8131758 |
| **SOUTH CAROLINA - 0.5%** |  |  |
| &nbsp;&nbsp;&nbsp;Charleston, Waterworks & Sewer System, Sewer Impt., Revenue Bond, 5.000%, 1/1/2044 | 850000 | 876644 |
| **TENNESSEE - 4.8%** |  |  |
| &nbsp;&nbsp;&nbsp;Clarksville, Electric System, Revenue Bond, 5.000%, 9/1/2029 | 1015000 | 1047587 |
| &nbsp;&nbsp;&nbsp;Knox County, Correctional Facility Impt., G.O. Bond, 4.000%, 6/1/2040 | 2805000 | 2811287 |

---

---

| | | |
|:---|:---|:---|
|  | PRINCIPAL <br> AMOUNT<sup>1</sup>/ <br> SHARES | VALUE |
| **MUNICIPAL BONDS** (continued) |  |  |
| **TENNESSEE** (continued) |  |  |
| &nbsp;&nbsp;&nbsp;Metropolitan Government of Nashville & Davidson County |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Electric Light & Power Impt., Series A, Revenue Bond, 5.000%, 5/15/2034 | 1250000 | $1358373 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Public Impt., G.O. Bond, 5.707%, 7/1/2034 | 2000000 | 2071769 |
| &nbsp;&nbsp;&nbsp;Shelby County, Series A, G.O. Bond, 5.000%, 4/1/2035 | 1250000 | 1273472 |
|  |  | 8562488 |
| **TEXAS - 6.9%** |  |  |
| &nbsp;&nbsp;&nbsp;Dallas, Waterworks & Sewer System, Series C, Revenue Bond, 5.000%, 10/1/2028 | 1715000 | 1812548 |
| &nbsp;&nbsp;&nbsp;Irving, Public Impt., G.O. Bond, 5.000%, 9/15/2032 | 3030000 | 3340628 |
| &nbsp;&nbsp;&nbsp;Judson Independent School District, G.O. Bond, 5.000%, 2/1/2036 | 835000 | 920694 |
| &nbsp;&nbsp;&nbsp;North Texas Municipal Water District Water System, Series A, Revenue Bond, 5.000%, 9/1/2027 | 1500000 | 1549926 |
| &nbsp;&nbsp;&nbsp;San Antonio Water System, Water Utility Impt., Series A, Revenue Bond, 5.000%, 5/15/2032 | 1075000 | 1120905 |
| &nbsp;&nbsp;&nbsp;Tarrant County, Highway Impt., G.O. Bond, 5.000%, 7/15/2036 | 2300000 | 2489374 |
| &nbsp;&nbsp;&nbsp;Texas Municipal Gas Acquisition & Supply Corp. III |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Revenue Bond, 5.000%, 12/15/2026 | 200000 | 202539 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Revenue Bond, 5.000%, 12/15/2027 | 600000 | 617796 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Revenue Bond, 5.000%, 12/15/2028 | 250000 | 260838 |
|  |  | 12315248 |
| **UTAH - 0.6%** |  |  |
| &nbsp;&nbsp;&nbsp;Utah Housing Corp., Series A, Revenue Bond, 2.900%, 1/1/2031 | 1000000 | 989970 |
| **VIRGINIA - 1.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Chesterfield County, School Impt., Series B, G.O. Bond, 4.000%, 1/1/2041 | 2000000 | 2000201 |
| **WASHINGTON - 6.6%** |  |  |
| &nbsp;&nbsp;&nbsp;Seattle, Municipal Light & Power, Electric Light & Power Impt., Revenue Bond, 5.000%, 7/1/2041 | 1040000 | 1109124 |
| &nbsp;&nbsp;&nbsp;Tacoma, Electric System, Revenue Bond, 5.000%, 1/1/2046 | 1030000 | 1063312 |
| &nbsp;&nbsp;&nbsp;Washington |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;School Impt., Series 2, G.O. Bond, 5.000%, 8/1/2043 | 1000000 | 1056437 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;School Impt., Series 2020A, G.O. Bond, 5.000%, 8/1/2032 | 4255000 | 4546711 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;School Impt., Series C, G.O. Bond, 5.000%, 2/1/2037 | 3690000 | 4009222 |
|  |  | 11784806 |
| **WISCONSIN - 6.8%** |  |  |
| &nbsp;&nbsp;&nbsp;Appleton Area School District, G.O. Bond, 5.000%, 3/1/2033 | 1260000 | 1346402 |

---

**3**

**Investment Portfolio - March 31, 2026**

(unaudited)

---

| | | |
|:---|:---|:---|
| DIVERSIFIED TAX EXEMPT SERIES | PRINCIPAL <br> AMOUNT<sup>1</sup>/ <br> SHARES | VALUE |
| **MUNICIPAL BONDS** (continued) |  |  |
| **WISCONSIN** (continued) |  |  |
| &nbsp;&nbsp;&nbsp;Cameron School District, School Impt., G.O. Bond, BAM, 5.000%, 4/1/2038 | 925000 | $999553 |
| &nbsp;&nbsp;&nbsp;Eau Claire Area School District, G.O. Bond, 5.000%, 4/1/2032 | 1380000 | 1480287 |
| &nbsp;&nbsp;&nbsp;Fond Du Lac, Public Impt., Series A, G.O. Bond, 5.000%, 3/1/2031 | 2565000 | 2738816 |
| &nbsp;&nbsp;&nbsp;Madison Metropolitan School District, School Impt., G.O. Bond, 5.000%, 3/1/2033 | 1095000 | 1178334 |
| &nbsp;&nbsp;&nbsp;Pierce County, Series A, G.O. Bond, 5.000%, 3/1/2036 | 1540000 | 1680458 |
| &nbsp;&nbsp;&nbsp;Union Grove Union High School District, School Impt., G.O. Bond, 5.000%, 3/1/2036 | 1015000 | 1107722 |
| &nbsp;&nbsp;&nbsp;West Salem School District, School Impt., G.O. Bond, BAM, 5.000%, 4/1/2039 | 1590000 | 1706207 |
|  |  | 12237779 |
| **TOTAL MUNICIPAL BONDS** |  |  |
| (Identified Cost $168,368,016) |  | **165938864** |
| **EXCHANGE-TRADED FUND - 2.6%** |  |  |
| &nbsp;&nbsp;&nbsp;iShares National Muni Bond ETF |  |  |
| &nbsp;&nbsp;&nbsp;(Identified Cost $4,937,332) | 43351 | **4601708** |
| **U.S. TREASURY SECURITIES - 4.4%** |  |  |
| **U.S. Treasury Notes - 4.4%** |  |  |
| &nbsp;&nbsp;&nbsp;U.S. Treasury Note |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.00%, 1/15/2027 | 1000000 | 1001953 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.50%, 1/31/2027 | 1000000 | 981719 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.25%, 2/15/2027 | 1000000 | 987109 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.125%, 2/15/2027 | 1000000 | 1003086 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.25%, 1/15/2028 | 1000000 | 1007110 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.50%, 1/31/2028 | 1000000 | 994375 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.75%, 1/31/2029 | 1000000 | 944531 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.625%, 2/15/2029 | 1000000 | 967500 |
| **Total U.S. Treasury Notes** |  |  |
| (Identified Cost $7,854,531) |  | **7887383** |
| **TOTAL U.S. TREASURY SECURITIES** |  |  |
| (Identified Cost $7,854,531) |  | **7887383** |
| **SHORT-TERM INVESTMENT - 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Dreyfus Government Cash Management, Institutional Shares, 3.53%<sup>3</sup> |  |  |
| &nbsp;&nbsp;&nbsp;(Identified Cost $397,981) | 397981 | **397981** |
| **TOTAL INVESTMENTS - 100.0%** |  |  |
| (Identified Cost $181,557,860) |  | **178825936** |
| **LIABILITIES, LESS OTHER ASSETS - (0.0%)#** |  | **(66152)** |
| **NET ASSETS - 100.0%** |  | $**178759784** |

---

**4**

**Investment Portfolio - March 31, 2026**

(unaudited)

ETF - Exchange-Traded Fund

G.O. Bond - General Obligation Bond

Impt. - Improvement

No. - Number

Scheduled principal and interest payments are guaranteed by:

AGC (Assured Guaranty Corporation)

AGM (Assurance Guaranty Municipal Corp.)

BAM (Build America Mutual Assurance Co.)

The insurance does not guarantee the market value of the municipal bonds.

<sup>#</sup>Less than 0.1%.

<sup>1</sup>Amount is stated in USD unless otherwise noted.

<sup>2</sup>Variable or floating rate security, the interest rate of which adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. Rate shown is the rate in effect as of March 31, 2026.

<sup>3</sup>Rate shown is the current yield as of March 31, 2026.

**Fair Value Information:**

Various inputs are used in determining the value of the Series' assets or liabilities carried at fair value. These inputs are summarized in three broad levels. Level 1 includes quoted prices in active markets for identical assets and liabilities. Level 2 includes other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.). Level 3 includes significant unobservable inputs (including the Series' own assumptions in determining the fair value of investments). A financial instrument's level within the fair value hierarchy is based on the lowest level of any input both individually and in aggregate that is significant to the fair value measurement. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the valuation levels used for major security types as of March 31, 2026 in valuing the Series' assets or liabilities carried at fair value:

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;DESCRIPTION | TOTAL | LEVEL 1 | LEVEL 2 | LEVEL 3 |
| &nbsp;&nbsp;&nbsp;Assets: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Debt securities: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Municipal Bonds | $165938864 | $— | $165938864 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury and other U.S. Government agencies | 7887383 |  | 7887383 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exchange-traded fund | 4601708 | 4601708 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Short-Term Investment | 397981 | 397981 |  |  |
| &nbsp;&nbsp;&nbsp;Total assets | $178825936 | $4999689 | $173826247 | $— |

---

There were no Level 3 securities held by the Series as of December 31, 2025 or March 31, 2026.

The Investment Portfolio should be read in conjunction with the financial statements and notes to financial statements, which are included in the Series' audited annual report or unaudited semi-annual report. These reports include additional information about the Series' security valuation policies and about certain security types invested in by the Series.

**5**

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Manning & Napier Fund, Inc.

- **b. Investment Company Act file number:** 811-04087

- **c. CIK number of Registrant:** 0000751173

- **d. LEI of Registrant:** 549300B31SDCBSJSN672

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

  - **Street Address 1:** 290 Woodcliff Drive

  - **City:** Fairport

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 14450

  - **Telephone number:** 585-325-6880

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

- **a. Name of Series:** Diversified Tax Exempt Series

- **b. EDGAR series identifier (if any):** S000003638

- **c. LEI of Series:** 549300W4FS7KU9RR3W27

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

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**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:** $180991715.23

**Total Liabilities:** $2113681.29

**Net Assets:** $178878033.94

**Delayed Delivery Securities:** $2000000.00

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 183.15496000 | **1-Year:** 8232.91585000 | **5-Year:** 43607.97555000 | **10-Year:** 33933.20772000 | **30-Year:** 0.00000000

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

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000206454 | 0.74%                | 0.99%                | -1.99%               |
| Class ID C000010108 | 0.73%                | 0.87%                | -1.92%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-437374.25              | $1508628.54                                |
| Month 2  | $-56088.11               | $1369793.66                                |
| Month 3  | $3.13                    | $-4002610.43                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| NEW YORK N Y                                                                      | NY NYC 5 08/01/2027                                 | CUSIP: 64966QYK0<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1651083.86   | 0.92%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST                                                                     | WA WAS 5 08/01/2043                                 | CUSIP: 93974EXU5<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1056436.46   | 0.59%             | 2043-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST WTR DEV AUTH                                                              | OH OHSWTR 5 12/01/2037                              | CUSIP: 67765QHK5<br>LEI: 549300QMBH1DMY67FZ74 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1057241.06   | 0.59%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FLA                                                               | FL MIAUTL 5 04/01/2028                              | CUSIP: 59334FCK3<br>LEI: 549300QG0NBD9HULR263 | Long             | DBT              | MUN               | US        |   1015000 | PA      | $1062213.24   | 0.59%             | 2028-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TULSA COUNTY INDEPENDENT SCHOOL DISTRICT N.9 (OK)                                 | OK TULSCD 4 04/01/2030                              | CUSIP: 899607JZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2094051.67   | 1.17%             | 2030-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UTAH ST HSG CORP                                                                  | UT UTSSFH 2.9 01/01/2031                            | CUSIP: 917437D69<br>LEI: 549300YXWQEI0S47WI02 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $989970.47    | 0.55%             | 2031-01-01      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| FARGO (ND), CITY OF                                                               | ND FAR 5 05/01/2038                                 | CUSIP: 30747NPG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2235000 | PA      | $2417447.87   | 1.35%             | 2038-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                      | T 2.625 02/15/29                                    | CUSIP: 9128286B1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $967500.00    | 0.54%             | 2029-02-15      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| NEBRASKA PUB PWR DIST                                                             | NE NESPWR 5 01/01/2030                              | CUSIP: 63968A4W2<br>LEI: 5493001J0BLQRMOJKP23 | Long             | DBT              | MUN               | US        |    640000 | PA      | $694101.32    | 0.39%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LANCASTER PA SCH DIST                                                             | PA LANSCD 5 06/01/2032                              | CUSIP: 514383XY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $555809.75    | 0.31%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OMAHA PUB PWR DIST NEB                                                            | NE OMAPWR 5 02/01/2031                              | CUSIP: 682001FP2<br>LEI: 54930000VJEJ9CGIYG32 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1036961.14   | 0.58%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HONOLULU (HI), CITY & COUNTY OF                                                   | HI HON 5 09/01/2028                                 | CUSIP: 438687CD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $516917.11    | 0.29%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LN MTG CORP MULTIFAMILY VAR RATE CTFS RELATING TO MUN SECS           | OT FEDMFH 10/25/2040                                | CUSIP: 31350AEA2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGSE             | US        |   2000000 | PA      | $2025116.73   | 1.13%             | 2040-10-25      | Variable      | 4.64%                 | No            |                  2 | On Loan: No      |
| TEXAS MUN GAS ACQUISITION & SUPPLY CORP III GAS SUPPLY                            | TX TXSUTL 5 12/15/2027                              | CUSIP: 88256HBC1<br>LEI: 0UDITKOYW0YKG3BBP242 | Long             | DBT              | MUN               | US        |    600000 | PA      | $617795.70    | 0.35%             | 2027-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DES MOINES IOWA                                                                   | IA DESUTL 5 06/01/2031                              | CUSIP: 250139HU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    865000 | PA      | $939286.64    | 0.53%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WEST SALEM WIS SCH DIST LA CROSSE CNTY                                            | WI WTSSCD 5 04/01/2039                              | CUSIP: 955728GN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1590000 | PA      | $1706206.76   | 0.95%             | 2039-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MECKLENBURG CNTY N C                                                              | NC MEC 4 04/01/2030                                 | CUSIP: 584002VL0<br>LEI: 5493006G3IC5PBHB7A65 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2528235.63   | 1.41%             | 2030-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TPK COMMN                                                         | PA PASTRN 5 12/01/2030                              | CUSIP: 709224A58<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    765000 | PA      | $792512.91    | 0.44%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHARLESTON (SC), CITY OF                                                          | SC CHAUTL 5 01/01/2044                              | CUSIP: 160429XU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $876644.34    | 0.49%             | 2044-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ELGIN ILL                                                                         | IL ELG 5 12/15/2036                                 | CUSIP: 286300BL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1310000 | PA      | $1442900.66   | 0.81%             | 2036-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DISTRICT COLUMBIA                                                                 | DC DIS 5 10/15/2036                                 | CUSIP: 25476FXP8<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   1265000 | PA      | $1324888.78   | 0.74%             | 2036-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DISTRICT COLUMBIA WTR & SWR AUTH                                                  | DC DISUTL 5 10/01/2047                              | CUSIP: 254845SC5<br>LEI: 549300OT2FIJQJ5PSH71 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1029547.50   | 0.58%             | 2047-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNION GROVE WIS UN HIGH SCH DIST                                                  | WI UNISCD 5 03/01/2036                              | CUSIP: 906727DU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1015000 | PA      | $1107722.29   | 0.62%             | 2036-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FORT ZUMWALT MO SCH DIST                                                          | MO FTZSCD 5 03/01/2033                              | CUSIP: 3495453N1<br>LEI: 549300GAUDH543HQW865 | Long             | DBT              | MUN               | US        |   1260000 | PA      | $1346317.58   | 0.75%             | 2033-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLARKSVILLE (TN), CITY OF                                                         | TN CLAPWR 5 09/01/2029                              | CUSIP: 182494HR8<br>LEI: 5493000GGEJLABLR8E68 | Long             | DBT              | MUN               | US        |   1015000 | PA      | $1047587.07   | 0.59%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y                                                                      | NY NYC 1.22 08/01/2026                              | CUSIP: 64966SEX0<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1075000 | PA      | $1065392.73   | 0.60%             | 2026-08-01      | Fixed         | 1.22%                 | No            |                  2 | On Loan: No      |
| TAMPA FLA                                                                         | FL TAMUTL 5 10/01/2034                              | CUSIP: 875291BC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    950000 | PA      | $1056586.10   | 0.59%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN GOVERNMENT OF NASHVILLE & DAVIDSON INDUSTRIAL DEVELOPMENT BOARD (TN) | TN METPWR 5 05/15/2034                              | CUSIP: 592030N48<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1358373.17   | 0.76%             | 2034-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CENTRAL FLA EXPWY AUTH                                                            | FL ORLTRN 5 07/01/2038                              | CUSIP: 153476CZ7<br>LEI: 549300JL23Z3Z64M6K65 | Long             | DBT              | MUN               | US        |    530000 | PA      | $547020.35    | 0.31%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| YORKVILLE ILL                                                                     | IL YRK 5 12/30/2033                                 | CUSIP: 987355NW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $290963.65    | 0.16%             | 2033-12-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TPK COMMN                                                         | PA PASTRN 5 12/01/2030                              | CUSIP: 709224N39<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    850000 | PA      | $911115.99    | 0.51%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH                                                             | NY NYSHGR 5.65 02/15/2030                           | CUSIP: 649902S61<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1050074.92   | 0.59%             | 2030-02-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| CENTRAL DAUPHIN PA SCH DIST                                                       | PA CTDSCD 5 05/15/2037                              | CUSIP: 153300ZL5<br>LEI: 549300B7BTSSV63QDZ15 | Long             | DBT              | MUN               | US        |    500000 | PA      | $545755.04    | 0.31%             | 2037-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PITTSBURGH PA WTR & SWR AUTH                                                      | PA PITUTL 5 09/01/2032                              | CUSIP: 725304VV8<br>LEI: 54930034DVH6W22T1E86 | Long             | DBT              | MUN               | US        |    300000 | PA      | $325715.08    | 0.18%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y                                                                      | NY NYC 5 12/01/2042                                 | CUSIP: 64966QBB5<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1529230.04   | 0.85%             | 2042-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                      | T 1.5 01/31/27                                      | CUSIP: 912828Z78<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $981718.75    | 0.55%             | 2027-01-31      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| ROCK ISLAND CNTY ILL SCH DIST NO 41 ROCK ISLAND                                   | IL ROCSCD 5 01/01/2035                              | CUSIP: 772436FV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $447717.35    | 0.25%             | 2035-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA HSG FIN AGY                                                        | NC NCSHSG 3.55 07/01/2036                           | CUSIP: 65820BEF9<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $966863.48    | 0.54%             | 2036-07-01      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA (PA), CITY OF                                                        | PA PHIUTL 5 10/01/2030                              | CUSIP: 7178238H4<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |   1005000 | PA      | $1012709.41   | 0.57%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y CITY MUN WTR FIN AUTH                                                | NY NYCUTL 5 06/15/2040                              | CUSIP: 64972GRD8<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3602766.84   | 2.01%             | 2040-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAUI (HI), COUNTY OF                                                              | HI MAU 5 03/01/2034                                 | CUSIP: 5772857X1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1305000 | PA      | $1418047.40   | 0.79%             | 2034-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                      | T 2.25 02/15/27                                     | CUSIP: 912828V98<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $987109.38    | 0.55%             | 2027-02-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TPK COMMN                                                         | PA PASTRN 5 06/01/2028                              | CUSIP: 709224MY2<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    590000 | PA      | $592125.98    | 0.33%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EAU CLAIRE WIS AREA SCHOOL DISTRICT                                               | WI EAUSCD 5 04/01/2032                              | CUSIP: 278445JL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1380000 | PA      | $1480286.89   | 0.83%             | 2032-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WHITE LAKE TWP MICH                                                               | MI WLK 5 03/01/2036                                 | CUSIP: 964009FT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    575000 | PA      | $651139.07    | 0.36%             | 2036-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GARNET VALLEY PA SCH DIST                                                         | PA GARSCD 5 04/01/2034                              | CUSIP: 366268UL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    940000 | PA      | $1022024.24   | 0.57%             | 2034-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA                                                                        | GA ATL 5 12/01/2042                                 | CUSIP: 047772K56<br>LEI: 549300GHLQ0J51NUBM84 | Long             | DBT              | MUN               | US        |    800000 | PA      | $857661.01    | 0.48%             | 2042-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dreyfus Government Cash Management Funds                                          | Dreyfus Government Cash Management Funds SH BEN INT | CUSIP: 262006208<br>LEI: 5493000Q69I5Q3QZIA91 | Long             | STIV             | RF                | US        |    445448 | NS      | $445447.78    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| FOND DU LAC WIS                                                                   | WI FON 5 03/01/2031                                 | CUSIP: 344461NR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2565000 | PA      | $2738815.97   | 1.53%             | 2031-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| YORKVILLE ILL                                                                     | IL YRK 5 12/30/2032                                 | CUSIP: 987355NV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $250017.79    | 0.14%             | 2032-12-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| APPLETON AREA SCHOOL DISTRICT (WI)                                                | WI APPSCD 5 03/01/2033                              | CUSIP: 038106SS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1260000 | PA      | $1346401.79   | 0.75%             | 2033-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST                                                                     | WA WAS 5 08/01/2032                                 | CUSIP: 93974EAK2<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   4255000 | PA      | $4546710.91   | 2.54%             | 2032-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALASKA MUNICIPAL BOND BANK (AK)                                                   | AK AKMBBK 5 12/01/2031                              | CUSIP: 01179R5P4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $554929.62    | 0.31%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST TOLL HWY AUTH                                                         | IL ILSTRN 5 01/01/2031                              | CUSIP: 452252NX3<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1611221.47   | 0.90%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y CITY TRANSITIONAL FIN AUTH                                           | NY NYCGEN 5 08/01/2044                              | CUSIP: 64971XX78<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3678611.83   | 2.06%             | 2044-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PIERCE CNTY WIS                                                                   | WI PIE 5 03/01/2036                                 | CUSIP: 720662DW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1540000 | PA      | $1680458.38   | 0.94%             | 2036-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST WTR DEV AUTH                                                              | OH OHSWTR 5 12/01/2036                              | CUSIP: 67765QHJ8<br>LEI: 549300QMBH1DMY67FZ74 | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1427134.63   | 0.80%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA (MN), STATE OF                                                          | MN MNS 5 08/01/2036                                 | CUSIP: 60412APL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1970000 | PA      | $2053656.31   | 1.15%             | 2036-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST URBAN DEV CORP                                                        | NY NYSDEV 5.25 03/15/2038                           | CUSIP: 650036FQ4<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5476759.34   | 3.06%             | 2038-03-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SEATTLE WASH                                                                      | WA SEAPWR 5 07/01/2041                              | CUSIP: 812643XR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1040000 | PA      | $1109124.47   | 0.62%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST                                                                     | WA WAS 5 02/01/2037                                 | CUSIP: 93974EVE3<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   3690000 | PA      | $4009222.22   | 2.24%             | 2037-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS MUN GAS ACQUISITION & SUPPLY CORP III GAS SUPPLY                            | TX TXSUTL 5 12/15/2028                              | CUSIP: 88256HBD9<br>LEI: 0UDITKOYW0YKG3BBP242 | Long             | DBT              | MUN               | US        |    250000 | PA      | $260838.22    | 0.15%             | 2028-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD                            | FRETE 2023-ML19 AUS                                 | CUSIP: 3137HB2V5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGSE             | US        |   2127530 | PA      | $2111737.30   | 1.18%             | 2036-12-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| HAMILTON CNTY OHIO                                                                | OH HAM 5 12/01/2037                                 | CUSIP: 40727GCR1<br>LEI: 549300TO1E3N4E4YIO28 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1073334.88   | 0.60%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| YORKVILLE ILL                                                                     | IL YRK 5 12/30/2030                                 | CUSIP: 987355NT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $190900.46    | 0.11%             | 2030-12-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND (MD), STATE OF                                                           | MD MDS 5 08/01/2035                                 | CUSIP: 574193TJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1070187.23   | 0.60%             | 2035-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PINAL CNTY ARIZ UNI SCH DIST NO 21 COOLIDGE                                       | AZ PINSCD 5 07/01/2033                              | CUSIP: 722171JV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $144055.69    | 0.08%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BRADLEY ILL                                                                       | IL BRA 5 12/15/2030                                 | CUSIP: 104575DX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1185000 | PA      | $1292667.73   | 0.72%             | 2030-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALTOONA IOWA                                                                      | IA ATA 5 06/01/2036                                 | CUSIP: 021753B64<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1845000 | PA      | $2014343.84   | 1.13%             | 2036-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FARGO N D                                                                         | ND FAR 5 05/01/2039                                 | CUSIP: 30747NPH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2350000 | PA      | $2528595.30   | 1.41%             | 2039-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GEORGIA (GA), STATE OF                                                            | GA GAS 5 07/01/2033                                 | CUSIP: 373385HR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1102741.85   | 0.62%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BAR HARBOR ME                                                                     | ME BAR 5 10/15/2040                                 | CUSIP: 066878MN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1086013.26   | 0.61%             | 2040-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA BD BK                                                                     | IN INSBBK 5 08/15/2036                              | CUSIP: 45462TMC3<br>LEI: 549300TZMGETS4ELEI93 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2202311.25   | 1.23%             | 2036-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GUILFORD CNTY N C                                                                 | NC GUI 5.46 08/01/2030                              | CUSIP: 401784XF5<br>LEI: 549300OUKUGQGH8RCL96 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1429489.06   | 0.80%             | 2030-08-01      | Fixed         | 5.46%                 | No            |                  2 | On Loan: No      |
| PINAL CNTY ARIZ UNI SCH DIST NO 21 COOLIDGE                                       | AZ PINSCD 5 07/01/2032                              | CUSIP: 722171JU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $193865.99    | 0.11%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO (TX), CITY OF                                                         | TX SANWTR 5 05/15/2032                              | CUSIP: 79642GAP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1075000 | PA      | $1120904.84   | 0.63%             | 2032-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN GOVERNMENT OF NASHVILLE & DAVIDSON INDUSTRIAL DEVELOPMENT BOARD (TN) | TN MET 5.71 07/01/2034                              | CUSIP: 592112DR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2071769.56   | 1.16%             | 2034-07-01      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| HONOLULU (HI), CITY & COUNTY OF                                                   | HI HON 5 03/01/2027                                 | CUSIP: 438687TX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2046680.60   | 1.14%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                      | T 3.5 01/31/28                                      | CUSIP: 91282CGH8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $994375.00    | 0.56%             | 2028-01-31      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| EPHRATA PA AREA SCH DIST                                                          | PA EPHSCD 5 03/01/2033                              | CUSIP: 294223RV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1260411.17   | 0.70%             | 2033-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                      | T 4 01/15/27                                        | CUSIP: 91282CJT9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $1001953.13   | 0.56%             | 2027-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DALLAS TEX                                                                        | TX DALUTL 5 10/01/2028                              | CUSIP: 23542JRN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1715000 | PA      | $1812547.95   | 1.01%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                      | T 1.75 01/31/29                                     | CUSIP: 91282CDW8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $944531.25    | 0.53%             | 2029-01-31      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| KANKAKEE WILL ETC CNTYS ILL CMNTY COLLEGE DIST NO 520                             | IL KNKHGR 5 12/01/2028                              | CUSIP: 484548DF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1049106.22   | 0.59%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST TOLL HWY AUTH                                                         | IL ILSTRN 5 01/01/2038                              | CUSIP: 452252LW7<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1053133.93   | 0.59%             | 2038-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| iShares Trust                                                                     | iShares Trust NATIONAL MUN ETF                      | CUSIP: 464288414<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     43351 | NS      | $4601708.65   | 2.57%             |  |  |  | No            |                  1 | On Loan: No      |
| YORKVILLE ILL                                                                     | IL YRK 5 12/30/2029                                 | CUSIP: 987355NS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $188366.58    | 0.11%             | 2029-12-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                      | T 4.25 01/15/28                                     | CUSIP: 91282CMF5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $1007109.38   | 0.56%             | 2028-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| JEA FLA                                                                           | FL JACPWR 5 10/01/2028                              | CUSIP: 46613SQR4<br>LEI: FTZJK89L6NCYPIPKZN93 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1056886.75   | 0.59%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BROWARD (FL), COUNTY OF                                                           | FL BROUTL 5 10/01/2038                              | CUSIP: 115117LZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4207477.42   | 2.35%             | 2038-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OMAHA PUB PWR DIST NEB                                                            | NE OMAPWR 5 02/01/2046                              | CUSIP: 682001GZ9<br>LEI: 54930000VJEJ9CGIYG32 | Long             | DBT              | MUN               | US        |   2065000 | PA      | $2141160.42   | 1.20%             | 2046-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CENTRAL FLA EXPWY AUTH                                                            | FL ORLTRN 5 07/01/2027                              | CUSIP: 153476DT0<br>LEI: 549300JL23Z3Z64M6K65 | Long             | DBT              | MUN               | US        |    500000 | PA      | $514653.74    | 0.29%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PINAL CNTY ARIZ UNI SCH DIST NO 21 COOLIDGE                                       | AZ PINSCD 5 07/01/2035                              | CUSIP: 722171JX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $166639.70    | 0.09%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS MUN GAS ACQUISITION & SUPPLY CORP III GAS SUPPLY                            | TX TXSUTL 5 12/15/2026                              | CUSIP: 88256HBB3<br>LEI: 0UDITKOYW0YKG3BBP242 | Long             | DBT              | MUN               | US        |    200000 | PA      | $202539.40    | 0.11%             | 2026-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DISTRICT COLUMBIA                                                                 | DC DISGEN 5 07/01/2041                              | CUSIP: 25477GUT0<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   1115000 | PA      | $1195235.65   | 0.67%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JUDSON INDEPENDENT SCHOOL DISTRICT (TX)                                           | TX JUDSCD 5 02/01/2036                              | CUSIP: 481305NF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    835000 | PA      | $920693.63    | 0.51%             | 2036-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KENTON CNTY KY SCH DIST                                                           | KY KENSCD 5 06/01/2036                              | CUSIP: 491090BB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1145269.28   | 0.64%             | 2036-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KNOX CNTY TENN                                                                    | TN KNO 4 06/01/2040                                 | CUSIP: 499513JH3<br>LEI: 549300WT27UFXOLT2D56 | Long             | DBT              | MUN               | US        |   2805000 | PA      | $2811286.60   | 1.57%             | 2040-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN TRANSN AUTH N Y                                                      | NY MTATRN 4.75 11/15/2045                           | CUSIP: 59261AG35<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2001353.91   | 1.12%             | 2045-11-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| YORKVILLE ILL                                                                     | IL YRK 5 12/30/2028                                 | CUSIP: 987355NR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $211856.49    | 0.12%             | 2028-12-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST                                                                  | MA MAS 5 10/01/2047                                 | CUSIP: 57582RY26<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5176675.80   | 2.89%             | 2047-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WHITE LAKE TWP MICH                                                               | MI WLK 5 03/01/2037                                 | CUSIP: 964009FU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    515000 | PA      | $577147.49    | 0.32%             | 2037-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH TEX MUNICIPAL WATER DISTRICT (TX)                                           | TX NRTWTR 5 09/01/2027                              | CUSIP: 662903C35<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1549925.99   | 0.87%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y                                                                      | NY NYC 1.22 08/01/2026                              | CUSIP: 64966SEM4<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    125000 | PA      | $123851.77    | 0.07%             | 2026-08-01      | Fixed         | 1.22%                 | No            |                  2 | On Loan: No      |
| CLARK (NV), COUNTY OF                                                             | NV CLA 5 11/01/2031                                 | CUSIP: 180848A29<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3970000 | PA      | $4227389.40   | 2.36%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DISTRICT COLUMBIA                                                                 | DC DIS 5 01/01/2041                                 | CUSIP: 25476FZZ4<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2147187.50   | 1.20%             | 2041-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DENVER COLO CITY & CNTY                                                           | CO DENUTL 5 11/01/2029                              | CUSIP: 249176CQ9<br>LEI: MMTY7HA2MSCBUO4F7J71 | Long             | DBT              | MUN               | US        |    750000 | PA      | $792053.49    | 0.44%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FORT LAUDERDALE (FL), CITY OF                                                     | FL FOR 5 07/01/2043                                 | CUSIP: 347550RQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1010000 | PA      | $1068675.89   | 0.60%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW ORLEANS (LA), CITY OF                                                         | LA NEWUTL 5 06/01/2027                              | CUSIP: 647719PE7<br>LEI: 54930084B6KHR5PR2651 | Long             | DBT              | MUN               | US        |    500000 | PA      | $512591.82    | 0.29%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHESTERFIELD CNTY VA                                                              | VA CHF 4 01/01/2041                                 | CUSIP: 166394DU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000200.50   | 1.12%             | 2041-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TARRANT (TX), COUNTY OF                                                           | TX TAR 5 07/15/2036                                 | CUSIP: 876315ZD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2300000 | PA      | $2489373.60   | 1.39%             | 2036-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IRVING TEX                                                                        | TX IRV 5 09/15/2032                                 | CUSIP: 463778BC3<br>LEI: 5493002R7BX8XPQ92O37 | Long             | DBT              | MUN               | US        |   3030000 | PA      | $3340628.17   | 1.87%             | 2032-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLAYTON MO                                                                        | MO CLY 4 03/15/2028                                 | CUSIP: 184234DK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    510000 | PA      | $524767.87    | 0.29%             | 2028-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| YORKVILLE ILL                                                                     | IL YRK 5 12/30/2031                                 | CUSIP: 987355NU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $330869.29    | 0.18%             | 2031-12-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TACOMA (WA), CITY OF                                                              | WA TACPWR 5 01/01/2046                              | CUSIP: 873519PY2<br>LEI: 5493007ZRQFFKMZS5634 | Long             | DBT              | MUN               | US        |   1030000 | PA      | $1063311.78   | 0.59%             | 2046-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DISTRICT COLUMBIA                                                                 | DC DISGEN 5 07/01/2042                              | CUSIP: 25477GUU7<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   1895000 | PA      | $2011085.23   | 1.12%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MADISON WIS MET SCH DIST                                                          | WI MADSCD 5 03/01/2033                              | CUSIP: 558495PT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1095000 | PA      | $1178334.52   | 0.66%             | 2033-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST                                                                           | OH OHS 5 03/01/2041                                 | CUSIP: 677523DX7<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   1845000 | PA      | $1987867.71   | 1.11%             | 2041-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LE MARS IOWA CMNTY SCH DIST                                                       | IA LEMSCD 5 06/01/2034                              | CUSIP: 521282EQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1104217.45   | 0.62%             | 2034-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LANCASTER PA SCH DIST                                                             | PA LANSCD 5 06/01/2034                              | CUSIP: 514383YA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1113578.11   | 0.62%             | 2034-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                      | T 4.125 02/15/27                                    | CUSIP: 91282CKA8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $1003085.94   | 0.56%             | 2027-02-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| CAMERON WIS SCH DIST                                                              | WI CMRSCD 5 04/01/2038                              | CUSIP: 133650GH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    925000 | PA      | $999552.72    | 0.56%             | 2038-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y                                                                      | NY NYC 5 08/01/2026                                 | CUSIP: 64966MAU3<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1905000 | PA      | $1919064.26   | 1.07%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAINE MUNICIPAL BOND BANK (ME)                                                    | ME MEMBBK 5 09/01/2027                              | CUSIP: 56045RY29<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    675000 | PA      | $697897.79    | 0.39%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANAPOLIS IND LOC PUB IMPT BD BK                                               | IN INPGEN 5 02/01/2030                              | CUSIP: 45528UYV7<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |    500000 | PA      | $530470.66    | 0.30%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA STATE TURNPIKE AUTHORITY (FL)                                             | FL FLSTRN 2.5 07/01/2026                            | CUSIP: 343137BF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    505000 | PA      | $503961.27    | 0.28%             | 2026-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| CENTRAL FLA EXPWY AUTH                                                            | FL ORLTRN 5 07/01/2033                              | CUSIP: 153476HH2<br>LEI: 549300JL23Z3Z64M6K65 | Long             | DBT              | MUN               | US        |    825000 | PA      | $904469.44    | 0.51%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SHELBY CNTY TENN                                                                  | TN SHE 5 04/01/2035                                 | CUSIP: 821686T44<br>LEI: 5493000UVZ1EF2SIPO10 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1273471.93   | 0.71%             | 2035-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LAKE IN HILLS ILL                                                                 | IL LKH 5 12/15/2037                                 | CUSIP: 510012EV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    710000 | PA      | $779556.40    | 0.44%             | 2037-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-27

**Name of Applicant:** Manning & Napier Fund, Inc.

**Signature:** Jill Peeper

**Name of Signer:** Jill Peeper

**Title:** Principal Financial Officer and Treasurer