# EDGAR Filing Document

**Accession Number:** 0000926243
**File Stem:** 0001410368-26-026284
**Filing Date:** 2026-3
**Character Count:** 550926
**Document Hash:** 1c3b4b2141a9782eda78543a5204ab81
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-026284.hdr.sgml**: 20260316

**ACCESSION NUMBER**: 0001410368-26-026284

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260316

**DATE AS OF CHANGE**: 20260316

**PERIOD START**: 20261031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** COMMERCE FUNDS
- **CENTRAL INDEX KEY:** 0000926243

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08598
- **FILM NUMBER:** 26756210

**BUSINESS ADDRESS:**
- **STREET 1:** 1000 WALNUT ST
- **CITY:** KANSAS CITY
- **STATE:** MO
- **ZIP:** 64121
- **BUSINESS PHONE:** 8006212550

**MAIL ADDRESS:**
- **STREET 1:** PO BOX 219525
- **CITY:** KANSAS CITY
- **STATE:** MO
- **ZIP:** 64121

## Series and Classes Contracts Data

### The Missouri Tax-Free Intermediate Bond Fund (Series ID: S000010023)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000027715 | Shares       | CFMOX           |

## Nport-Ex

THE GROWTH FUND

## Schedule of Investments
*January 31, 2026 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – 98.3%** | **Common Stocks – 98.3%** | **Common Stocks – 98.3%** |
| **Automobiles<sup>\*</sup> – 3.4%** | **Automobiles<sup>\*</sup> – 3.4%** | **Automobiles<sup>\*</sup> – 3.4%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15700 | Tesla, Inc. | $6757437 |
| **Banks – 0.9%** | **Banks – 0.9%** | **Banks – 0.9%** |
| 35250 | Bank of America Corp. | 1875300 |
| **Biotechnology – 2.0%** | **Biotechnology – 2.0%** | **Biotechnology – 2.0%** |
| 8520 | AbbVie, Inc. | 1900045 |
| 5945 | Amgen, Inc. | 2032477 |
|  |  | 3932522 |
| **Broadline Retail<sup>\*</sup> – 4.5%** | **Broadline Retail<sup>\*</sup> – 4.5%** | **Broadline Retail<sup>\*</sup> – 4.5%** |
| 37375 | Amazon.com, Inc. | 8943837 |
| **Capital Markets – 1.0%** | **Capital Markets – 1.0%** | **Capital Markets – 1.0%** |
| 3385 | MSCI, Inc. | 2062210 |
| **Commercial Services & Supplies – 1.9%** | **Commercial Services & Supplies – 1.9%** | **Commercial Services & Supplies – 1.9%** |
| 29245 | Rollins, Inc. | 1852378 |
| 8960 | Waste Management, Inc. | 1991271 |
|  |  | 3843649 |
| **Communications Equipment – 1.1%** | **Communications Equipment – 1.1%** | **Communications Equipment – 1.1%** |
| 5250 | Motorola Solutions, Inc. | 2113335 |
| **Consumer Staples Distribution & Retail – 3.1%** | **Consumer Staples Distribution & Retail – 3.1%** | **Consumer Staples Distribution & Retail – 3.1%** |
| 3115 | Casey's General Stores, Inc. | 1889248 |
| 2485 | Costco Wholesale Corp. | 2336521 |
| 19305 | Performance Food Group Co.<sup>\*</sup> | 1842662 |
|  |  | 6068431 |
| **Electrical Equipment – 1.1%** | **Electrical Equipment – 1.1%** | **Electrical Equipment – 1.1%** |
| 4955 | Rockwell Automation, Inc. | 2089276 |
| **Electronic Equipment, Instruments & Components – 1.9%** | **Electronic Equipment, Instruments & Components – 1.9%** | **Electronic Equipment, Instruments & Components – 1.9%** |
| 14405 | Amphenol Corp. Class A | 2075472 |
| 7500 | Jabil, Inc. | 1778925 |
|  |  | 3854397 |
| **Entertainment – 2.7%** | **Entertainment – 2.7%** | **Entertainment – 2.7%** |
| 24405 | Netflix, Inc.<sup>\*</sup> | 2037573 |
| 3385 | Spotify Technology SA<sup>\*</sup> | 1693685 |
| 8150 | TKO Group Holdings, Inc. | 1651027 |
|  |  | 5382285 |
| **Financial Services – 3.7%** | **Financial Services – 3.7%** | **Financial Services – 3.7%** |
| 6380 | Corpay, Inc.<sup>\*</sup> | 2007339 |
| 4355 | Mastercard, Inc. Class A | 2346431 |
| 9100 | Visa, Inc. Class A | 2928653 |
|  |  | 7282423 |
| **Health Care Equipment & Supplies – 1.0%** | **Health Care Equipment & Supplies – 1.0%** | **Health Care Equipment & Supplies – 1.0%** |
| 5590 | Stryker Corp. | 2065840 |
| **Health Care Providers & Services – 1.0%** | **Health Care Providers & Services – 1.0%** | **Health Care Providers & Services – 1.0%** |
| 2395 | McKesson Corp. | 1990748 |
| **Hotels, Restaurants & Leisure – 2.9%** | **Hotels, Restaurants & Leisure – 2.9%** | **Hotels, Restaurants & Leisure – 2.9%** |
| 365 | Booking Holdings, Inc. | 1825672 |
| 6745 | Hilton Worldwide Holdings, Inc. | 2013450 |
| 6380 | McDonald's Corp. | 2009700 |
|  |  | 5848822 |
| **Industrial Conglomerates – 1.2%** | **Industrial Conglomerates – 1.2%** | **Industrial Conglomerates – 1.2%** |
| 10030 | Honeywell International, Inc. | 2282026 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **Interactive Media & Services – 9.8%** | **Interactive Media & Services – 9.8%** | **Interactive Media & Services – 9.8%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36695 | Alphabet, Inc. Class A | $12402910 |
| 9770 | Meta Platforms, Inc. Class A | 7000205 |
|  |  | 19403115 |
| **Machinery – 1.0%** | **Machinery – 1.0%** | **Machinery – 1.0%** |
| 7840 | Illinois Tool Works, Inc. | 2048278 |
| **Media – 0.9%** | **Media – 0.9%** | **Media – 0.9%** |
| 8660 | Nexstar Media Group, Inc. | 1839211 |
| **Oil, Gas & Consumable Fuels – 1.0%** | **Oil, Gas & Consumable Fuels – 1.0%** | **Oil, Gas & Consumable Fuels – 1.0%** |
| 9690 | Targa Resources Corp. | 1947496 |
| **Pharmaceuticals – 2.3%** | **Pharmaceuticals – 2.3%** | **Pharmaceuticals – 2.3%** |
| 4390 | Eli Lilly & Co. | 4553089 |
| **Professional Services – 0.8%** | **Professional Services – 0.8%** | **Professional Services – 0.8%** |
| 7765 | Broadridge Financial Solutions, Inc. | 1530559 |
| **Real Estate Management & Development<sup>\*</sup> – 1.0%** | **Real Estate Management & Development<sup>\*</sup> – 1.0%** | **Real Estate Management & Development<sup>\*</sup> – 1.0%** |
| 12025 | CBRE Group, Inc. Class A | 2048218 |
| **Semiconductors & Semiconductor Equipment – 17.0%** | **Semiconductors & Semiconductor Equipment – 17.0%** | **Semiconductors & Semiconductor Equipment – 17.0%** |
| 24510 | Broadcom, Inc. | 8120163 |
| 1550 | KLA Corp. | 2213307 |
| 122515 | NVIDIA Corp. | 23416292 |
|  |  | 33749762 |
| **Software – 16.0%** | **Software – 16.0%** | **Software – 16.0%** |
| 6210 | Cadence Design Systems, Inc.<sup>\*</sup> | 1840396 |
| 63270 | Dropbox, Inc. Class A<sup>\*</sup> | 1612120 |
| 39960 | Dynatrace, Inc.<sup>\*</sup> | 1522076 |
| 2940 | Intuit, Inc. | 1466825 |
| 40640 | Microsoft Corp. | 17486985 |
| 10505 | Palo Alto Networks, Inc.<sup>\*</sup> | 1859070 |
| 10030 | PTC, Inc.<sup>\*</sup> | 1565984 |
| 11510 | ServiceNow, Inc.<sup>\*</sup> | 1346785 |
| 3845 | Tyler Technologies, Inc.<sup>\*</sup> | 1420343 |
| 8970 | Workday, Inc. Class A<sup>\*</sup> | 1575401 |
|  |  | 31695985 |
| **Specialty Retail – 2.9%** | **Specialty Retail – 2.9%** | **Specialty Retail – 2.9%** |
| 5660 | Home Depot, Inc. | 2120179 |
| 12840 | TJX Cos., Inc. | 1923560 |
| 34470 | Tractor Supply Co. | 1753834 |
|  |  | 5797573 |
| **Technology Hardware, Storage & Peripherals – 11.3%** | **Technology Hardware, Storage & Peripherals – 11.3%** | **Technology Hardware, Storage & Peripherals – 11.3%** |
| 80285 | Apple, Inc. | 20832352 |
| 16030 | NetApp, Inc. | 1544490 |
|  |  | 22376842 |
| **Textiles, Apparel & Luxury Goods – 0.9%** | **Textiles, Apparel & Luxury Goods – 0.9%** | **Textiles, Apparel & Luxury Goods – 0.9%** |
| 13500 | Tapestry, Inc. | 1713285 |
| **TOTAL COMMON STOCKS<br>(Cost $86,362,981)** | **TOTAL COMMON STOCKS<br>(Cost $86,362,981)** | $195095951 |
| **Exchange Traded Fund – 2.3%** | **Exchange Traded Fund – 2.3%** | **Exchange Traded Fund – 2.3%** |
| 9675 | iShares Russell 1000 Growth ETF | $4508066 |
| **(Cost $4,572,606)** | **(Cost $4,572,606)** | **(Cost $4,572,606)** |

---

------

THE GROWTH FUND

## Schedule of Investments (continued)
*January 31, 2026 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Dividend**<br> **Rate** | **Value** |
| **Investment Company – 0.0%** | **Investment Company – 0.0%** | **Investment Company – 0.0%** |
| State Street Institutional US Government Money Market Fund – Premier Class | State Street Institutional US Government Money Market Fund – Premier Class | State Street Institutional US Government Money Market Fund – Premier Class |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19924 | 3.650% | $19924 |
| **(Cost $19,924)** |  |  |
| **TOTAL INVESTMENTS – 100.6%<br>(Cost $90,955,511)** | **TOTAL INVESTMENTS – 100.6%<br>(Cost $90,955,511)** | $199623941 |
| **LIABILITIES IN EXCESS OF <br> OTHER ASSETS – (0.6)%** | **LIABILITIES IN EXCESS OF <br> OTHER ASSETS – (0.6)%** | (1152748) |
| **NET ASSETS – 100.0%** | **NET ASSETS – 100.0%** | $198471193 |

---

---

| | |
|:---|:---|
| The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets. | The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets. |
| \* | Non-income producing security. |

---

------

THE VALUE FUND

## Schedule of Investments
*January 31, 2026 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – 98.3%** | **Common Stocks – 98.3%** | **Common Stocks – 98.3%** |
| **Aerospace & Defense – 6.4%** | **Aerospace & Defense – 6.4%** | **Aerospace & Defense – 6.4%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13025 | General Dynamics Corp. | $4572947 |
| 9300 | Lockheed Martin Corp. | 5898246 |
| 24215 | RTX Corp. | 4865520 |
|  |  | 15336713 |
| **Banks – 7.3%** | **Banks – 7.3%** | **Banks – 7.3%** |
| 87405 | Bank of America Corp. | 4649946 |
| 18100 | JPMorgan Chase & Co. | 5536609 |
| 13240 | PNC Financial Services Group, Inc. | 2956492 |
| 47695 | Wells Fargo & Co. | 4315921 |
|  |  | 17458968 |
| **Beverages – 2.0%** | **Beverages – 2.0%** | **Beverages – 2.0%** |
| 30580 | PepsiCo, Inc. | 4698005 |
| **Biotechnology – 3.8%** | **Biotechnology – 3.8%** | **Biotechnology – 3.8%** |
| 19705 | AbbVie, Inc. | 4394412 |
| 13570 | Amgen, Inc. | 4639312 |
|  |  | 9033724 |
| **Broadline Retail<sup>\*</sup> – 1.8%** | **Broadline Retail<sup>\*</sup> – 1.8%** | **Broadline Retail<sup>\*</sup> – 1.8%** |
| 17750 | Amazon.com, Inc. | 4247575 |
| **Building Products – 1.3%** | **Building Products – 1.3%** | **Building Products – 1.3%** |
| 41390 | A.O. Smith Corp. | 3041751 |
| **Capital Markets – 7.5%** | **Capital Markets – 7.5%** | **Capital Markets – 7.5%** |
| 4135 | Blackrock, Inc. | 4626817 |
| 28855 | Blackstone, Inc. | 4109529 |
| 16460 | CME Group, Inc. | 4757928 |
| 25015 | Morgan Stanley | 4572742 |
|  |  | 18067016 |
| **Chemicals – 1.3%** | **Chemicals – 1.3%** | **Chemicals – 1.3%** |
| 11515 | Air Products & Chemicals, Inc. | 3137838 |
| **Communications Equipment – 1.9%** | **Communications Equipment – 1.9%** | **Communications Equipment – 1.9%** |
| 57570 | Cisco Systems, Inc. | 4508882 |
| **Consumer Staples Distribution & Retail – 1.4%** | **Consumer Staples Distribution & Retail – 1.4%** | **Consumer Staples Distribution & Retail – 1.4%** |
| 27930 | Walmart, Inc. | 3327580 |
| **Containers & Packaging – 1.3%** | **Containers & Packaging – 1.3%** | **Containers & Packaging – 1.3%** |
| 13650 | Packaging Corp. of America | 3037808 |
| **Diversified Telecommunication Services – 4.0%** | **Diversified Telecommunication Services – 4.0%** | **Diversified Telecommunication Services – 4.0%** |
| 153680 | Comcast Corp. Class A | 4571980 |
| 112475 | Verizon Communications, Inc. | 5007387 |
|  |  | 9579367 |
| **Electric Utilities – 3.2%** | **Electric Utilities – 3.2%** | **Electric Utilities – 3.2%** |
| 24595 | American Electric Power Co., Inc. | 2945866 |
| 38665 | Duke Energy Corp. | 4691998 |
|  |  | 7637864 |
| **Electrical Equipment – 3.3%** | **Electrical Equipment – 3.3%** | **Electrical Equipment – 3.3%** |
| 14035 | Eaton Corp. PLC | 4932180 |
| 20885 | Emerson Electric Co. | 3069259 |
|  |  | 8001439 |
| **Electronic Equipment, Instruments & Components – 1.5%** | **Electronic Equipment, Instruments & Components – 1.5%** | **Electronic Equipment, Instruments & Components – 1.5%** |
| 11000 | Littelfuse, Inc. | 3561360 |
| **Entertainment – 1.9%** | **Entertainment – 1.9%** | **Entertainment – 1.9%** |
| 40015 | Walt Disney Co. | 4513692 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **Financial Services<sup>\*</sup> – 2.5%** | **Financial Services<sup>\*</sup> – 2.5%** | **Financial Services<sup>\*</sup> – 2.5%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12350 | Berkshire Hathaway, Inc. Class B | $5934546 |
| **Food Products – 2.6%** | **Food Products – 2.6%** | **Food Products – 2.6%** |
| 51910 | Mondelez International, Inc. Class A | 3035178 |
| 48085 | Tyson Foods, Inc., Class A | 3141393 |
|  |  | 6176571 |
| **Health Care Equipment & Supplies – 3.6%** | **Health Care Equipment & Supplies – 3.6%** | **Health Care Equipment & Supplies – 3.6%** |
| 35915 | Abbott Laboratories | 3925510 |
| 46020 | Medtronic PLC | 4738219 |
|  |  | 8663729 |
| **Hotels, Restaurants & Leisure – 3.1%** | **Hotels, Restaurants & Leisure – 3.1%** | **Hotels, Restaurants & Leisure – 3.1%** |
| 14895 | Darden Restaurants, Inc. | 2969318 |
| 14220 | McDonald's Corp. | 4479300 |
|  |  | 7448618 |
| **Household Products – 2.0%** | **Household Products – 2.0%** | **Household Products – 2.0%** |
| 31510 | Procter & Gamble Co. | 4782273 |
| **Industrial REITs – 1.9%** | **Industrial REITs – 1.9%** | **Industrial REITs – 1.9%** |
| 35240 | Prologis, Inc. | 4600934 |
| **Insurance – 3.0%** | **Insurance – 3.0%** | **Insurance – 3.0%** |
| 14460 | Chubb Ltd. | 4476238 |
| 34655 | MetLife, Inc. | 2733586 |
|  |  | 7209824 |
| **Interactive Media & Services – 3.2%** | **Interactive Media & Services – 3.2%** | **Interactive Media & Services – 3.2%** |
| 22560 | Alphabet, Inc. Class A | 7625280 |
| **IT Services – 1.2%** | **IT Services – 1.2%** | **IT Services – 1.2%** |
| 35195 | Amdocs Ltd. | 2883878 |
| **Machinery – 2.4%** | **Machinery – 2.4%** | **Machinery – 2.4%** |
| 11205 | Illinois Tool Works, Inc. | 2927419 |
| 37470 | Stanley Black & Decker, Inc. | 2947390 |
|  |  | 5874809 |
| **Media<sup>\*</sup> – 0.1%** | **Media<sup>\*</sup> – 0.1%** | **Media<sup>\*</sup> – 0.1%** |
| 6147 | Versant Media Group, Inc. | 200269 |
| **Metals & Mining – 1.5%** | **Metals & Mining – 1.5%** | **Metals & Mining – 1.5%** |
| 19150 | Southern Copper Corp. | 3644628 |
| **Multi-Utilities – 1.2%** | **Multi-Utilities – 1.2%** | **Multi-Utilities – 1.2%** |
| 49270 | Dominion Energy, Inc. | 2964576 |
| **Oil, Gas & Consumable Fuels – 6.7%** | **Oil, Gas & Consumable Fuels – 6.7%** | **Oil, Gas & Consumable Fuels – 6.7%** |
| 25665 | Chevron Corp. | 4540138 |
| 38060 | Exxon Mobil Corp. | 5381684 |
| 38715 | ONEOK, Inc. | 3065841 |
| 47850 | Williams Cos., Inc. | 3218391 |
|  |  | 16206054 |
| **Pharmaceuticals – 4.0%** | **Pharmaceuticals – 4.0%** | **Pharmaceuticals – 4.0%** |
| 21690 | Johnson & Johnson | 4929052 |
| 42940 | Merck & Co., Inc. | 4734994 |
|  |  | 9664046 |
| **Semiconductors & Semiconductor Equipment – 6.2%** | **Semiconductors & Semiconductor Equipment – 6.2%** | **Semiconductors & Semiconductor Equipment – 6.2%** |
| 13170 | Broadcom, Inc. | 4363221 |
| 3555 | KLA Corp. | 5076326 |
| 25145 | Texas Instruments, Inc. | 5420005 |
|  |  | 14859552 |

---

------

THE VALUE FUND

## Schedule of Investments (continued)
*January 31, 2026 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **Specialized REITs – 1.2%** | **Specialized REITs – 1.2%** | **Specialized REITs – 1.2%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10785 | Public Storage | $2978709 |
| **Specialty Retail – 2.0%** | **Specialty Retail – 2.0%** | **Specialty Retail – 2.0%** |
| 12980 | Home Depot, Inc. | 4862178 |
| **TOTAL COMMON STOCKS<br>(Cost $176,158,365)** | **TOTAL COMMON STOCKS<br>(Cost $176,158,365)** | $235770056 |
| **Exchange Traded Fund – 1.4%** | **Exchange Traded Fund – 1.4%** | **Exchange Traded Fund – 1.4%** |
| 15657 | iShares Russell 1000 Value ETF | $3442348 |
| **(Cost $3,037,077)** | **(Cost $3,037,077)** | **(Cost $3,037,077)** |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Dividend**<br> **Rate** | **Value** |
| **Investment Company – 0.2%** | **Investment Company – 0.2%** | **Investment Company – 0.2%** |
| State Street Institutional US Government Money Market Fund – Premier Class | State Street Institutional US Government Money Market Fund – Premier Class | State Street Institutional US Government Money Market Fund – Premier Class |
| &nbsp;&nbsp;&nbsp;&nbsp;356187 | 3.650% | $356187 |
| **(Cost $356,187)** | **(Cost $356,187)** |  |
| **TOTAL INVESTMENTS – 99.9%<br>(Cost $179,551,629)** | **TOTAL INVESTMENTS – 99.9%<br>(Cost $179,551,629)** | $239568591 |
| **OTHER ASSETS IN EXCESS OF <br> LIABILITIES – 0.1%** | **OTHER ASSETS IN EXCESS OF <br> LIABILITIES – 0.1%** | 252559 |
| **NET ASSETS – 100.0%** | **NET ASSETS – 100.0%** | $239821150 |

---

---

| | |
|:---|:---|
| The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets. | The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets. |
| \* | Non-income producing security. |

---

---

| | |
|:---|:---|
| **Investment Abbreviation:** | **Investment Abbreviation:** |
| PLC | — Public Limited Company |
| REIT | — Real Estate Investment Trust |

---

------

THE MIDCAP GROWTH FUND

## Schedule of Investments
*January 31, 2026 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – 99.8%** | **Common Stocks – 99.8%** | **Common Stocks – 99.8%** |
| **Aerospace & Defense – 5.2%** | **Aerospace & Defense – 5.2%** | **Aerospace & Defense – 5.2%** |
| 3480 | Axon Enterprise, Inc.<sup>\*</sup> | $1682859 |
| 4955 | HEICO Corp. | 1639659 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17415 | Howmet Aerospace, Inc. | 3623713 |
|  |  | 6946231 |
| **Biotechnology<sup>\*</sup> – 3.7%** | **Biotechnology<sup>\*</sup> – 3.7%** | **Biotechnology<sup>\*</sup> – 3.7%** |
| 5655 | Alnylam Pharmaceuticals, Inc. | 1911729 |
| 35964 | Exelixis, Inc. | 1487471 |
| 16430 | Incyte Corp. | 1644150 |
|  |  | 5043350 |
| **Capital Markets – 5.1%** | **Capital Markets – 5.1%** | **Capital Markets – 5.1%** |
| 3790 | Ameriprise Financial, Inc. | 1998050 |
| 13885 | Bank of New York Mellon Corp. | 1665089 |
| 2785 | MSCI, Inc. | 1696678 |
| 15085 | Tradeweb Markets, Inc. Class A | 1554811 |
|  |  | 6914628 |
| **Commercial Services & Supplies – 1.3%** | **Commercial Services & Supplies – 1.3%** | **Commercial Services & Supplies – 1.3%** |
| 26845 | Rollins, Inc. | 1700362 |
| **Construction & Engineering – 4.1%** | **Construction & Engineering – 4.1%** | **Construction & Engineering – 4.1%** |
| 2640 | EMCOR Group, Inc. | 1902727 |
| 7325 | MasTec, Inc.<sup>\*</sup> | 1761516 |
| 3785 | Quanta Services, Inc. | 1796475 |
|  |  | 5460718 |
| **Consumer Staples Distribution & Retail – 2.6%** | **Consumer Staples Distribution & Retail – 2.6%** | **Consumer Staples Distribution & Retail – 2.6%** |
| 2880 | Casey's General Stores, Inc. | 1746720 |
| 17955 | Performance Food Group Co.<sup>\*</sup> | 1713805 |
|  |  | 3460525 |
| **Electric Utilities – 1.1%** | **Electric Utilities – 1.1%** | **Electric Utilities – 1.1%** |
| 10135 | NRG Energy, Inc. | 1546905 |
| **Electrical Equipment – 3.5%** | **Electrical Equipment – 3.5%** | **Electrical Equipment – 3.5%** |
| 4115 | Rockwell Automation, Inc. | 1735090 |
| 16295 | Vertiv Holdings Co. Class A | 3033803 |
|  |  | 4768893 |
| **Electronic Equipment, Instruments & Components – 2.5%** | **Electronic Equipment, Instruments & Components – 2.5%** | **Electronic Equipment, Instruments & Components – 2.5%** |
| 11915 | Amphenol Corp. Class A | 1716713 |
| 6945 | Jabil, Inc. | 1647285 |
|  |  | 3363998 |
| **Entertainment – 3.5%** | **Entertainment – 3.5%** | **Entertainment – 3.5%** |
| 27470 | ROBLOX Corp. Class A<sup>\*</sup> | 1806427 |
| 6380 | Take-Two Interactive Software, Inc.<sup>\*</sup> | 1405514 |
| 7550 | TKO Group Holdings, Inc. | 1529479 |
|  |  | 4741420 |
| **Financial Services – 2.3%** | **Financial Services – 2.3%** | **Financial Services – 2.3%** |
| 11075 | Apollo Global Management, Inc. | 1490031 |
| 5280 | Corpay, Inc.<sup>\*</sup> | 1661246 |
|  |  | 3151277 |
| **Health Care Equipment & Supplies – 4.8%** | **Health Care Equipment & Supplies – 4.8%** | **Health Care Equipment & Supplies – 4.8%** |
| 2375 | IDEXX Laboratories, Inc.<sup>\*</sup> | 1592342 |
| 5675 | Insulet Corp.<sup>\*</sup> | 1451722 |
| 12470 | Masimo Corp.<sup>\*</sup> | 1712505 |
| 6765 | ResMed, Inc. | 1747467 |
|  |  | 6504036 |
| **Health Care Providers & Services – 3.5%** | **Health Care Providers & Services – 3.5%** | **Health Care Providers & Services – 3.5%** |
| 7865 | Cardinal Health, Inc. | 1690031 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **Health Care Providers & Services – (continued)** | **Health Care Providers & Services – (continued)** | **Health Care Providers & Services – (continued)** |
| 8235 | Cencora, Inc. | $2958177 |
|  |  | 4648208 |
| **Health Care Technology<sup>\*</sup> – 1.1%** | **Health Care Technology<sup>\*</sup> – 1.1%** | **Health Care Technology<sup>\*</sup> – 1.1%** |
| 7250 | Veeva Systems, Inc. Class A | 1478420 |
| **Hotels, Restaurants & Leisure – 12.8%** | **Hotels, Restaurants & Leisure – 12.8%** | **Hotels, Restaurants & Leisure – 12.8%** |
| 3870 | Domino's Pizza, Inc. | 1587977 |
| 7510 | Flutter Entertainment PLC<sup>\*</sup> | 1240277 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10045 | Hilton Worldwide Holdings, Inc. | 2998533 |
| 9900 | Hyatt Hotels Corp. Class A | 1548063 |
| 14910 | Planet Fitness, Inc. Class A<sup>\*</sup> | 1357406 |
| 23655 | Restaurant Brands International, Inc. | 1584648 |
| 11355 | Royal Caribbean Cruises Ltd. | 3686401 |
| 21330 | Wyndham Hotels & Resorts, Inc. | 1552611 |
| 10710 | Yum! Brands, Inc. | 1665405 |
|  |  | 17221321 |
| **Household Durables<sup>\*</sup> – 1.3%** | **Household Durables<sup>\*</sup> – 1.3%** | **Household Durables<sup>\*</sup> – 1.3%** |
| 14395 | SharkNinja, Inc. | 1701489 |
| **Independent Power Producers & Energy Traders – 1.8%** | **Independent Power Producers & Energy Traders – 1.8%** | **Independent Power Producers & Energy Traders – 1.8%** |
| 15130 | Vistra Corp. | 2395835 |
| **Insurance<sup>\*</sup> – 1.1%** | **Insurance<sup>\*</sup> – 1.1%** | **Insurance<sup>\*</sup> – 1.1%** |
| 745 | Markel Group, Inc. | 1520277 |
| **Interactive Media & Services<sup>\*</sup> – 1.0%** | **Interactive Media & Services<sup>\*</sup> – 1.0%** | **Interactive Media & Services<sup>\*</sup> – 1.0%** |
| 63030 | Pinterest, Inc. Class A | 1394854 |
| **IT Services<sup>\*</sup> – 1.8%** | **IT Services<sup>\*</sup> – 1.8%** | **IT Services<sup>\*</sup> – 1.8%** |
| 13525 | Cloudflare, Inc. Class A | 2398659 |
| **Leisure Products – 1.3%** | **Leisure Products – 1.3%** | **Leisure Products – 1.3%** |
| 19695 | Hasbro, Inc. | 1758960 |
| **Life Sciences Tools & Services<sup>\*</sup> – 1.2%** | **Life Sciences Tools & Services<sup>\*</sup> – 1.2%** | **Life Sciences Tools & Services<sup>\*</sup> – 1.2%** |
| 4235 | Waters Corp. | 1569999 |
| **Machinery – 2.7%** | **Machinery – 2.7%** | **Machinery – 2.7%** |
| 17935 | Donaldson Co., Inc. | 1828294 |
| 6650 | Lincoln Electric Holdings, Inc. | 1764577 |
|  |  | 3592871 |
| **Media – 1.3%** | **Media – 1.3%** | **Media – 1.3%** |
| 8060 | Nexstar Media Group, Inc. | 1711783 |
| **Oil, Gas & Consumable Fuels – 2.7%** | **Oil, Gas & Consumable Fuels – 2.7%** | **Oil, Gas & Consumable Fuels – 2.7%** |
| 8470 | Cheniere Energy, Inc. | 1791574 |
| 8870 | Targa Resources Corp. | 1782693 |
|  |  | 3574267 |
| **Professional Services – 2.1%** | **Professional Services – 2.1%** | **Professional Services – 2.1%** |
| 7175 | Broadridge Financial Solutions, Inc. | 1414264 |
| 14310 | Paychex, Inc. | 1475791 |
|  |  | 2890055 |
| **Semiconductors & Semiconductor Equipment<sup>\*</sup> – 1.1%** | **Semiconductors & Semiconductor Equipment<sup>\*</sup> – 1.1%** | **Semiconductors & Semiconductor Equipment<sup>\*</sup> – 1.1%** |
| 9590 | Astera Labs, Inc. | 1444446 |
| **Software – 10.5%** | **Software – 10.5%** | **Software – 10.5%** |
| 6900 | Appfolio, Inc. Class A<sup>\*</sup> | 1310172 |
| 41740 | Bentley Systems, Inc. Class B | 1465909 |
| 20260 | Circle Internet Group, Inc.<sup>\*</sup> | 1295222 |
| 14675 | Datadog, Inc., Class A<sup>\*</sup> | 1897771 |
| 58340 | Dropbox, Inc. Class A<sup>\*</sup> | 1486503 |
| 36885 | Dynatrace, Inc.<sup>\*</sup> | 1404949 |

---

------

THE MIDCAP GROWTH FUND

## Schedule of Investments (continued)
*January 31, 2026 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **Software – (continued)** | **Software – (continued)** |  |
| 8005 | Guidewire Software, Inc.<sup>\*</sup> | $1126784 |
| 9290 | PTC, Inc.<sup>\*</sup> | 1450448 |
| 3540 | Tyler Technologies, Inc.<sup>\*</sup> | 1307676 |
| 7155 | Zscaler, Inc.<sup>\*</sup> | 1431071 |
|  |  | 14176505 |
| **Specialized REITs – 1.2%** | **Specialized REITs – 1.2%** | **Specialized REITs – 1.2%** |
| 12935 | Lamar Advertising Co. Class A | 1659690 |
| **Specialty Retail – 4.4%** | **Specialty Retail – 4.4%** | **Specialty Retail – 4.4%** |
| 6190 | Carvana Co.<sup>\*</sup> | 2482871 |
| 9030 | Ross Stores, Inc. | 1703509 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33150 | Tractor Supply Co. | 1686672 |
|  |  | 5873052 |
| **Technology Hardware, Storage & Peripherals – 1.1%** | **Technology Hardware, Storage & Peripherals – 1.1%** | **Technology Hardware, Storage & Peripherals – 1.1%** |
| 14910 | NetApp, Inc. | 1436579 |
| **Textiles, Apparel & Luxury Goods – 3.5%** | **Textiles, Apparel & Luxury Goods – 3.5%** | **Textiles, Apparel & Luxury Goods – 3.5%** |
| 34370 | On Holding AG Class A<sup>\*</sup> | 1555242 |
| 4570 | Ralph Lauren Corp. | 1615084 |
| 12515 | Tapestry, Inc. | 1588279 |
|  |  | 4758605 |
| **Trading Companies & Distributors – 2.6%** | **Trading Companies & Distributors – 2.6%** | **Trading Companies & Distributors – 2.6%** |
| 39505 | Fastenal Co. | 1712937 |
| 7185 | Ferguson Enterprises, Inc. | 1813925 |
|  |  | 3526862 |
| **TOTAL COMMON STOCKS<br>(Cost $113,532,825)** | **TOTAL COMMON STOCKS<br>(Cost $113,532,825)** | $134335080 |
| **Exchange Traded Fund – 0.6%** | **Exchange Traded Fund – 0.6%** | **Exchange Traded Fund – 0.6%** |
| 5846 | iShares Russell Mid-Cap Growth ETF | $793010 |
| **(Cost $812,340)** | **(Cost $812,340)** | **(Cost $812,340)** |
| **Shares** | **Dividend**<br> **Rate** | **Value** |
| **Investment Company – 0.2%** | **Investment Company – 0.2%** | **Investment Company – 0.2%** |
| State Street Institutional US Government Money Market Fund –<br>Premier Class | State Street Institutional US Government Money Market Fund –<br>Premier Class | State Street Institutional US Government Money Market Fund –<br>Premier Class |
| 300788 | 3.650% | $300788 |
| **(Cost $300,788)** | **(Cost $300,788)** | **(Cost $300,788)** |
| **TOTAL INVESTMENTS – 100.6%<br>(Cost $114,645,953)** | **TOTAL INVESTMENTS – 100.6%<br>(Cost $114,645,953)** | $135428878 |
| **LIABILITIES IN EXCESS OF <br>OTHER ASSETS – (0.6)%** | **LIABILITIES IN EXCESS OF <br>OTHER ASSETS – (0.6)%** | (761408) |
| **NET ASSETS – 100.0%** | **NET ASSETS – 100.0%** | $134667470 |

---

---

| | |
|:---|:---|
| The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets. | The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets. |
| \* | Non-income producing security. |

---

---

| | |
|:---|:---|
| **Investment Abbreviations:** | **Investment Abbreviations:** |
| PLC | — Public Limited Company |
| REIT | — Real Estate Investment Trust |

---

------

THE MIDCAP VALUE FUND

## Schedule of Investments
*January 31, 2026 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – 96.7%** | **Common Stocks – 96.7%** | **Common Stocks – 96.7%** |
| **Aerospace & Defense – 1.3%** | **Aerospace & Defense – 1.3%** | **Aerospace & Defense – 1.3%** |
| 1385 | L3Harris Technologies, Inc. | $474847 |
| **Banks – 7.1%** | **Banks – 7.1%** | **Banks – 7.1%** |
| 8725 | Bank OZK | 414961 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23190 | Huntington Bancshares, Inc. | 405361 |
| 19415 | KeyCorp | 417811 |
| 14805 | Regions Financial Corp. | 421943 |
| 8130 | Truist Financial Corp. | 418045 |
| 7485 | U.S. Bancorp | 419983 |
|  |  | 2498104 |
| **Beverages – 1.2%** | **Beverages – 1.2%** | **Beverages – 1.2%** |
| 2860 | PepsiCo, Inc. | 439382 |
| **Building Products – 1.1%** | **Building Products – 1.1%** | **Building Products – 1.1%** |
| 3370 | Johnson Controls International PLC | 401906 |
| **Capital Markets – 5.9%** | **Capital Markets – 5.9%** | **Capital Markets – 5.9%** |
| 3505 | Bank of New York Mellon Corp. | 420320 |
| 1490 | CME Group, Inc. | 430699 |
| 705 | MSCI, Inc. | 429500 |
| 3110 | State Street Corp. | 406975 |
| 3930 | T. Rowe Price Group, Inc. | 415322 |
|  |  | 2102816 |
| **Chemicals – 3.7%** | **Chemicals – 3.7%** | **Chemicals – 3.7%** |
| 1660 | Air Products & Chemicals, Inc. | 452350 |
| 3945 | PPG Industries, Inc. | 456160 |
| 3875 | RPM International, Inc. | 414470 |
|  |  | 1322980 |
| **Consumer Staples Distribution & Retail – 1.3%** | **Consumer Staples Distribution & Retail – 1.3%** | **Consumer Staples Distribution & Retail – 1.3%** |
| 5540 | Sysco Corp. | 464529 |
| **Containers & Packaging – 1.2%** | **Containers & Packaging – 1.2%** | **Containers & Packaging – 1.2%** |
| 9940 | Sealed Air Corp. | 416287 |
| **Electric Utilities – 3.6%** | **Electric Utilities – 3.6%** | **Electric Utilities – 3.6%** |
| 6305 | Alliant Energy Corp. | 415563 |
| 4655 | Pinnacle West Capital Corp. | 435522 |
| 4720 | Southern Co. | 421543 |
|  |  | 1272628 |
| **Electrical Equipment – 3.7%** | **Electrical Equipment – 3.7%** | **Electrical Equipment – 3.7%** |
| 1275 | Eaton Corp. PLC | 448060 |
| 3035 | Emerson Electric Co. | 446024 |
| 1030 | Rockwell Automation, Inc. | 434300 |
|  |  | 1328384 |
| **Electronic Equipment, Instruments & Components – 4.0%** | **Electronic Equipment, Instruments & Components – 4.0%** | **Electronic Equipment, Instruments & Components – 4.0%** |
| 4595 | Corning, Inc. | 474434 |
| 1570 | Littelfuse, Inc. | 508303 |
| 2655 | TD SYNNEX Corp. | 421269 |
|  |  | 1404006 |
| **Entertainment – 1.1%** | **Entertainment – 1.1%** | **Entertainment – 1.1%** |
| 1895 | TKO Group Holdings, Inc. | 383889 |
| **Food Products – 2.6%** | **Food Products – 2.6%** | **Food Products – 2.6%** |
| 7100 | Archer-Daniels-Midland Co. | 477901 |
| 3695 | Ingredion, Inc. | 436380 |
|  |  | 914281 |
| **Gas Utilities – 1.2%** | **Gas Utilities – 1.2%** | **Gas Utilities – 1.2%** |
| 10795 | UGI Corp. | 432987 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **Ground Transportation – 1.2%** | **Ground Transportation – 1.2%** | **Ground Transportation – 1.2%** |
| 1410 | Norfolk Southern Corp. | $410648 |
| **Health Care Equipment & Supplies – 3.7%** | **Health Care Equipment & Supplies – 3.7%** | **Health Care Equipment & Supplies – 3.7%** |
| 4260 | Medtronic PLC | 438609 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1680 | ResMed, Inc. | 433961 |
| 1610 | STERIS PLC | 422786 |
|  |  | 1295356 |
| **Health Care Providers & Services – 4.4%** | **Health Care Providers & Services – 4.4%** | **Health Care Providers & Services – 4.4%** |
| 5170 | CVS Health Corp. | 385268 |
| 1590 | Humana, Inc. | 310368 |
| 1620 | Labcorp Holdings, Inc. | 439863 |
| 2335 | Quest Diagnostics, Inc. | 436715 |
|  |  | 1572214 |
| **Hotels, Restaurants & Leisure – 4.6%** | **Hotels, Restaurants & Leisure – 4.6%** | **Hotels, Restaurants & Leisure – 4.6%** |
| 2185 | Darden Restaurants, Inc. | 435580 |
| 5915 | Restaurant Brands International, Inc. | 396246 |
| 5670 | Travel & Leisure Co. | 394292 |
| 2935 | Vail Resorts, Inc. | 390560 |
|  |  | 1616678 |
| **Industrial REITs – 1.2%** | **Industrial REITs – 1.2%** | **Industrial REITs – 1.2%** |
| 3195 | Prologis, Inc. | 417139 |
| **Insurance – 3.5%** | **Insurance – 3.5%** | **Insurance – 3.5%** |
| 5125 | MetLife, Inc. | 404260 |
| 4610 | Principal Financial Group, Inc. | 436659 |
| 5220 | Unum Group | 396564 |
|  |  | 1237483 |
| **IT Services – 2.3%** | **IT Services – 2.3%** | **IT Services – 2.3%** |
| 5030 | Amdocs Ltd. | 412158 |
| 4810 | Cognizant Technology Solutions Corp. Class A | 394709 |
|  |  | 806867 |
| **Leisure Products – 1.3%** | **Leisure Products – 1.3%** | **Leisure Products – 1.3%** |
| 4985 | Hasbro, Inc. | 445210 |
| **Machinery – 8.7%** | **Machinery – 8.7%** | **Machinery – 8.7%** |
| 3900 | AGCO Corp. | 442299 |
| 795 | Cummins, Inc. | 460162 |
| 2055 | Dover Corp. | 414062 |
| 1630 | Illinois Tool Works, Inc. | 425854 |
| 3150 | Oshkosh Corp. | 453033 |
| 3680 | PACCAR, Inc. | 452309 |
| 4755 | Timken Co. | 443118 |
|  |  | 3090837 |
| **Media – 2.4%** | **Media – 2.4%** | **Media – 2.4%** |
| 2010 | Nexstar Media Group, Inc. | 426884 |
| 20000 | Sirius XM Holdings, Inc. | 407000 |
|  |  | 833884 |
| **Metals & Mining – 1.3%** | **Metals & Mining – 1.3%** | **Metals & Mining – 1.3%** |
| 1385 | Reliance, Inc. | 456358 |
| **Multi-Utilities – 2.5%** | **Multi-Utilities – 2.5%** | **Multi-Utilities – 2.5%** |
| 4140 | Consolidated Edison, Inc. | 441448 |
| 3900 | WEC Energy Group, Inc. | 431613 |
|  |  | 873061 |
| **Oil, Gas & Consumable Fuels – 6.4%** | **Oil, Gas & Consumable Fuels – 6.4%** | **Oil, Gas & Consumable Fuels – 6.4%** |
| 8970 | HF Sinclair Corp. | 466350 |
| 2515 | Marathon Petroleum Corp. | 443118 |

---

------

THE MIDCAP VALUE FUND

## Schedule of Investments (continued)
*January 31, 2026 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **Oil, Gas & Consumable Fuels – (continued)** | **Oil, Gas & Consumable Fuels – (continued)** | **Oil, Gas & Consumable Fuels – (continued)** |
| 5650 | ONEOK, Inc. | $447423 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2505 | Valero Energy Corp. | 454482 |
| 6910 | Williams Cos., Inc. | 464767 |
|  |  | 2276140 |
| **Professional Services – 1.1%** | **Professional Services – 1.1%** | **Professional Services – 1.1%** |
| 4590 | SS&C Technologies Holdings, Inc. | 375875 |
| **Residential REITs – 2.2%** | **Residential REITs – 2.2%** | **Residential REITs – 2.2%** |
| 2245 | AvalonBay Communities, Inc. | 398869 |
| 1570 | Essex Property Trust, Inc. | 395436 |
|  |  | 794305 |
| **Retail REITs – 1.2%** | **Retail REITs – 1.2%** | **Retail REITs – 1.2%** |
| 5915 | Regency Centers Corp. | 431026 |
| **Semiconductors & Semiconductor Equipment – 3.7%** | **Semiconductors & Semiconductor Equipment – 3.7%** | **Semiconductors & Semiconductor Equipment – 3.7%** |
| 1485 | Analog Devices, Inc. | 461657 |
| 6335 | Microchip Technology, Inc. | 480953 |
| 6405 | Skyworks Solutions, Inc. | 357143 |
|  |  | 1299753 |
| **Specialized REITs – 3.6%** | **Specialized REITs – 3.6%** | **Specialized REITs – 3.6%** |
| 2655 | Digital Realty Trust, Inc. | 440597 |
| 3145 | Extra Space Storage, Inc. | 433916 |
| 3250 | Lamar Advertising Co. Class A | 417007 |
|  |  | 1291520 |
| **Specialty Retail – 2.4%** | **Specialty Retail – 2.4%** | **Specialty Retail – 2.4%** |
| 5910 | Best Buy Co., Inc. | 384741 |
| 1685 | Lowe's Cos., Inc. | 449996 |
|  |  | 834737 |
| **TOTAL COMMON STOCKS<br>(Cost $28,581,874)** | **TOTAL COMMON STOCKS<br>(Cost $28,581,874)** | $34216117 |
| **Exchange Traded Fund – 2.9%** | **Exchange Traded Fund – 2.9%** | **Exchange Traded Fund – 2.9%** |
| 7000 | iShares Russell Mid-Cap Value ETF | $1028720 |
| **(Cost $997,524)** | **(Cost $997,524)** |  |
| **Shares** | **Dividend**<br> **Rate** | **Value** |
| **Investment Company – 0.6%** | **Investment Company – 0.6%** | **Investment Company – 0.6%** |
| State Street Institutional US Government Money Market Fund –<br>Premier Class | State Street Institutional US Government Money Market Fund –<br>Premier Class | State Street Institutional US Government Money Market Fund –<br>Premier Class |
| 205290 | 3.650% | $205290 |
| **(Cost $205,290)** | **(Cost $205,290)** | **(Cost $205,290)** |
| **TOTAL INVESTMENTS – 100.2%<br>(Cost $29,784,688)** | **TOTAL INVESTMENTS – 100.2%<br>(Cost $29,784,688)** | $35450127 |
| **LIABILITIES IN EXCESS OF <br>OTHER ASSETS – (0.2)%** | **LIABILITIES IN EXCESS OF <br>OTHER ASSETS – (0.2)%** | (80104) |
| **NET ASSETS – 100.0%** | **NET ASSETS – 100.0%** | $35370023 |

---

The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets.

---

| | |
|:---|:---|
| **Investment Abbreviations:** | **Investment Abbreviations:** |
| PLC | — Public Limited Company |
| REIT | — Real Estate Investment Trust |

---

------

THE BOND FUND

## Schedule of Investments
*January 31, 2026 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations** – **35.7%** | **Corporate Obligations** – **35.7%** | **Corporate Obligations** – **35.7%** | **Corporate Obligations** – **35.7%** |
| **Aerospace/Defense** – **0.6%** | **Aerospace/Defense** – **0.6%** | **Aerospace/Defense** – **0.6%** | **Aerospace/Defense** – **0.6%** |
| General Electric Co. | General Electric Co. | General Electric Co. | General Electric Co. |
| $6303000 | 6.150% | 08/07/37 | $6911441 |
| **Auto Manufacturers** – **1.5%** | **Auto Manufacturers** – **1.5%** | **Auto Manufacturers** – **1.5%** | **Auto Manufacturers** – **1.5%** |
| BMW U.S. Capital LLC<sup>(a)(b)</sup> | BMW U.S. Capital LLC<sup>(a)(b)</sup> | BMW U.S. Capital LLC<sup>(a)(b)</sup> | BMW U.S. Capital LLC<sup>(a)(b)</sup> |
| 5000000 | 5.150 | 04/02/34 | 5088621 |
| Ford Motor Credit Co. LLC<sup>(b)</sup> | Ford Motor Credit Co. LLC<sup>(b)</sup> | Ford Motor Credit Co. LLC<sup>(b)</sup> | Ford Motor Credit Co. LLC<sup>(b)</sup> |
| 2000000 | 6.050 | 03/05/31 | 2067368 |
| 2300000 | 6.054 | 11/05/31 | 2375494 |
| General Motors Co.<sup>(b)</sup> | General Motors Co.<sup>(b)</sup> | General Motors Co.<sup>(b)</sup> | General Motors Co.<sup>(b)</sup> |
| 3450000 | 6.600 | 04/01/36 | 3758147 |
| General Motors Financial Co., Inc.<sup>(b)</sup> | General Motors Financial Co., Inc.<sup>(b)</sup> | General Motors Financial Co., Inc.<sup>(b)</sup> | General Motors Financial Co., Inc.<sup>(b)</sup> |
| 2000000 | 2.400 | 04/10/28 | 1929899 |
| 1615000 | 3.100 | 01/12/32 | 1479306 |
| Mercedes-Benz Finance North America LLC<sup>(a)</sup> | Mercedes-Benz Finance North America LLC<sup>(a)</sup> | Mercedes-Benz Finance North America LLC<sup>(a)</sup> | Mercedes-Benz Finance North America LLC<sup>(a)</sup> |
| 2000000 | 5.050 | 08/03/33 | 2036325 |
|  |  |  | 18735160 |
| **Banks** – **6.8%** | **Banks** – **6.8%** | **Banks** – **6.8%** | **Banks** – **6.8%** |
| Banco Santander SA<sup>(b)(c)</sup>(1 yr. CMT + 1.450%) | Banco Santander SA<sup>(b)(c)</sup>(1 yr. CMT + 1.450%) | Banco Santander SA<sup>(b)(c)</sup>(1 yr. CMT + 1.450%) | Banco Santander SA<sup>(b)(c)</sup>(1 yr. CMT + 1.450%) |
| 2400000 | 5.538 | 03/14/30 | 2485990 |
| Bank of America Corp. | Bank of America Corp. | Bank of America Corp. | Bank of America Corp. |
| 1000000 | 4.450 | 03/03/26 | 1000698 |
| (3 mo. USD Term SOFR + 1.302%), | (3 mo. USD Term SOFR + 1.302%), | (3 mo. USD Term SOFR + 1.302%), | (3 mo. USD Term SOFR + 1.302%), |
| 2749000 | 3.419 <sup>(b)(c)</sup> | 12/20/28 | 2719060 |
| (Secured Overnight Financing Rate + 1.310%), | (Secured Overnight Financing Rate + 1.310%), | (Secured Overnight Financing Rate + 1.310%), | (Secured Overnight Financing Rate + 1.310%), |
| 2585000 | 5.511 <sup>(b)(c)</sup> | 01/24/36 | 2683451 |
| CaixaBank SA<sup>(a)(b)(c)</sup>(Secured Overnight Financing Rate + 1.780%) | CaixaBank SA<sup>(a)(b)(c)</sup>(Secured Overnight Financing Rate + 1.780%) | CaixaBank SA<sup>(a)(b)(c)</sup>(Secured Overnight Financing Rate + 1.780%) | CaixaBank SA<sup>(a)(b)(c)</sup>(Secured Overnight Financing Rate + 1.780%) |
| 3000000 | 5.673 | 03/15/30 | 3117865 |
| Citigroup, Inc. | Citigroup, Inc. | Citigroup, Inc. | Citigroup, Inc. |
| (Secured Overnight Financing Rate + 2.086%), | (Secured Overnight Financing Rate + 2.086%), | (Secured Overnight Financing Rate + 2.086%), | (Secured Overnight Financing Rate + 2.086%), |
| 4400000 | 4.910 <sup>(b)(c)</sup> | 05/24/33 | 4446096 |
| (Secured Overnight Financing Rate + 1.379%), | (Secured Overnight Financing Rate + 1.379%), | (Secured Overnight Financing Rate + 1.379%), | (Secured Overnight Financing Rate + 1.379%), |
| 2000000 | 2.904 <sup>(b)(c)</sup> | 11/03/42 | 1474308 |
| HSBC Holdings PLC<sup>(b)(c)</sup>(Secured Overnight Financing Rate + 2.650%) | HSBC Holdings PLC<sup>(b)(c)</sup>(Secured Overnight Financing Rate + 2.650%) | HSBC Holdings PLC<sup>(b)(c)</sup>(Secured Overnight Financing Rate + 2.650%) | HSBC Holdings PLC<sup>(b)(c)</sup>(Secured Overnight Financing Rate + 2.650%) |
| 3150000 | 6.332 | 03/09/44 | 3440254 |
| Huntington Bancshares, Inc.<sup>(b)(c)</sup>(Secured Overnight Financing Rate + 2.050%) | Huntington Bancshares, Inc.<sup>(b)(c)</sup>(Secured Overnight Financing Rate + 2.050%) | Huntington Bancshares, Inc.<sup>(b)(c)</sup>(Secured Overnight Financing Rate + 2.050%) | Huntington Bancshares, Inc.<sup>(b)(c)</sup>(Secured Overnight Financing Rate + 2.050%) |
| 4000000 | 5.023 | 05/17/33 | 4046200 |
| JPMorgan Chase & Co. | JPMorgan Chase & Co. | JPMorgan Chase & Co. | JPMorgan Chase & Co. |
| (3 mo. USD Term SOFR + 1.592%), | (3 mo. USD Term SOFR + 1.592%), | (3 mo. USD Term SOFR + 1.592%), | (3 mo. USD Term SOFR + 1.592%), |
| 2000000 | 4.452 <sup>(b)(c)</sup> | 12/05/29 | 2019816 |
| (3 mo. USD Term SOFR + 1.422%), | (3 mo. USD Term SOFR + 1.422%), | (3 mo. USD Term SOFR + 1.422%), | (3 mo. USD Term SOFR + 1.422%), |
| 1650000 | 3.702 <sup>(b)(c)</sup> | 05/06/30 | 1626760 |
| (Secured Overnight Financing Rate + 0.840%), | (Secured Overnight Financing Rate + 0.840%), | (Secured Overnight Financing Rate + 0.840%), | (Secured Overnight Financing Rate + 0.840%), |
| 2000000 | 4.347 <sup>(b)(c)</sup> | 01/22/32 | 1994732 |
| (-1X Secured Overnight Financing Rate + 1.300%), | (-1X Secured Overnight Financing Rate + 1.300%), | (-1X Secured Overnight Financing Rate + 1.300%), | (-1X Secured Overnight Financing Rate + 1.300%), |
| 3000000 | 5.193 <sup>(b)(c)</sup> | 02/05/37 | 2987716 |
| 2520000 | 5.600 | 07/15/41 | 2604910 |
| KeyCorp<sup>(b)(c)</sup>(Secured Overnight Financing Rate + 1.367%) | KeyCorp<sup>(b)(c)</sup>(Secured Overnight Financing Rate + 1.367%) | KeyCorp<sup>(b)(c)</sup>(Secured Overnight Financing Rate + 1.367%) | KeyCorp<sup>(b)(c)</sup>(Secured Overnight Financing Rate + 1.367%) |
| 3000000 | 5.305 | 01/28/37 | 3003420 |
| Morgan Stanley<sup>(b)(c)</sup>(Secured Overnight Financing Rate + 1.200%) | Morgan Stanley<sup>(b)(c)</sup>(Secured Overnight Financing Rate + 1.200%) | Morgan Stanley<sup>(b)(c)</sup>(Secured Overnight Financing Rate + 1.200%) | Morgan Stanley<sup>(b)(c)</sup>(Secured Overnight Financing Rate + 1.200%) |
| 2900000 | 2.511 | 10/20/32 | 2603085 |
| National Australia Bank Ltd.<sup>(a)</sup> | National Australia Bank Ltd.<sup>(a)</sup> | National Australia Bank Ltd.<sup>(a)</sup> | National Australia Bank Ltd.<sup>(a)</sup> |
| 7500000 | 5.181 | 06/11/34 | 7781182 |
| Royal Bank of Canada<sup>(b)(c)</sup>(Secured Overnight Financing Rate + 1.080%) | Royal Bank of Canada<sup>(b)(c)</sup>(Secured Overnight Financing Rate + 1.080%) | Royal Bank of Canada<sup>(b)(c)</sup>(Secured Overnight Financing Rate + 1.080%) | Royal Bank of Canada<sup>(b)(c)</sup>(Secured Overnight Financing Rate + 1.080%) |
| 3000000 | 4.650 | 10/18/30 | 3043603 |
| Santander Holdings USA, Inc.<sup>(b)(c)</sup>(Secured Overnight Financing Rate + 2.138%) | Santander Holdings USA, Inc.<sup>(b)(c)</sup>(Secured Overnight Financing Rate + 2.138%) | Santander Holdings USA, Inc.<sup>(b)(c)</sup>(Secured Overnight Financing Rate + 2.138%) | Santander Holdings USA, Inc.<sup>(b)(c)</sup>(Secured Overnight Financing Rate + 2.138%) |
| 3125000 | 6.342 | 05/31/35 | 3337898 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Banks** – **(continued)** | **Banks** – **(continued)** | **Banks** – **(continued)** | **Banks** – **(continued)** |
| Truist Financial Corp. | Truist Financial Corp. | Truist Financial Corp. | Truist Financial Corp. |
| (Secured Overnight Financing Rate + 1.571%), | (Secured Overnight Financing Rate + 1.571%), | (Secured Overnight Financing Rate + 1.571%), | (Secured Overnight Financing Rate + 1.571%), |
| $3500000 | 5.153 %<sup>(b)(c)</sup> | 08/05/32 | $3606374 |
| (Secured Overnight Financing Rate + 2.300%), | (Secured Overnight Financing Rate + 2.300%), | (Secured Overnight Financing Rate + 2.300%), | (Secured Overnight Financing Rate + 2.300%), |
| 1900000 | 6.123 <sup>(b)(c)</sup> | 10/28/33 | 2047492 |
| (Secured Overnight Financing Rate + 1.852%), | (Secured Overnight Financing Rate + 1.852%), | (Secured Overnight Financing Rate + 1.852%), | (Secured Overnight Financing Rate + 1.852%), |
| 1776000 | 5.122 <sup>(b)(c)</sup> | 01/26/34 | 1802065 |
| U.S. Bancorp | U.S. Bancorp | U.S. Bancorp | U.S. Bancorp |
| (Secured Overnight Financing Rate + 1.061%), | (Secured Overnight Financing Rate + 1.061%), | (Secured Overnight Financing Rate + 1.061%), | (Secured Overnight Financing Rate + 1.061%), |
| 2020000 | 5.046 <sup>(b)(c)</sup> | 02/12/31 | 2074133 |
| (Secured Overnight Financing Rate + 1.600%), | (Secured Overnight Financing Rate + 1.600%), | (Secured Overnight Financing Rate + 1.600%), | (Secured Overnight Financing Rate + 1.600%), |
| 7000000 | 4.839 <sup>(b)(c)</sup> | 02/01/34 | 7027756 |
| (Secured Overnight Financing Rate + 1.860%), | (Secured Overnight Financing Rate + 1.860%), | (Secured Overnight Financing Rate + 1.860%), | (Secured Overnight Financing Rate + 1.860%), |
| 1350000 | 5.678 <sup>(b)(c)</sup> | 01/23/35 | 1415625 |
| UBS Group AG<sup>(a)(b)(c)</sup>(3 mo. USD Term SOFR + 1.410%) | UBS Group AG<sup>(a)(b)(c)</sup>(3 mo. USD Term SOFR + 1.410%) | UBS Group AG<sup>(a)(b)(c)</sup>(3 mo. USD Term SOFR + 1.410%) | UBS Group AG<sup>(a)(b)(c)</sup>(3 mo. USD Term SOFR + 1.410%) |
| 2500000 | 3.869 | 01/12/29 | 2487478 |
| Wells Fargo & Co. | Wells Fargo & Co. | Wells Fargo & Co. | Wells Fargo & Co. |
| 1500000 | 4.650 | 11/04/44 | 1311899 |
| 5000000 | 4.750 | 12/07/46 | 4387104 |
| Wells Fargo Bank NA<sup>(d)</sup> | Wells Fargo Bank NA<sup>(d)</sup> | Wells Fargo Bank NA<sup>(d)</sup> | Wells Fargo Bank NA<sup>(d)</sup> |
| 2000000 | 6.180 | 02/15/36 | 2113236 |
|  |  |  | 84690206 |
| **Beverages<sup>(b)</sup>** – **0.6%** | **Beverages<sup>(b)</sup>** – **0.6%** | **Beverages<sup>(b)</sup>** – **0.6%** | **Beverages<sup>(b)</sup>** – **0.6%** |
| Anheuser-Busch InBev Worldwide, Inc. | Anheuser-Busch InBev Worldwide, Inc. | Anheuser-Busch InBev Worldwide, Inc. | Anheuser-Busch InBev Worldwide, Inc. |
| 1000000 | 4.600 | 04/15/48 | 887024 |
| 6000000 | 4.439 | 10/06/48 | 5161634 |
| PepsiCo, Inc. | PepsiCo, Inc. | PepsiCo, Inc. | PepsiCo, Inc. |
| 2190000 | 4.450 | 04/14/46 | 1937220 |
|  |  |  | 7985878 |
| **Biotechnology<sup>(b)</sup>** – **0.2%** | **Biotechnology<sup>(b)</sup>** – **0.2%** | **Biotechnology<sup>(b)</sup>** – **0.2%** | **Biotechnology<sup>(b)</sup>** – **0.2%** |
| Amgen, Inc. | Amgen, Inc. | Amgen, Inc. | Amgen, Inc. |
| 1000000 | 5.600 | 03/02/43 | 1007466 |
| 3175000 | 2.770 | 09/01/53 | 1895661 |
|  |  |  | 2903127 |
| **Chemicals<sup>(b)</sup>** – **0.3%** | **Chemicals<sup>(b)</sup>** – **0.3%** | **Chemicals<sup>(b)</sup>** – **0.3%** | **Chemicals<sup>(b)</sup>** – **0.3%** |
| LYB International Finance III LLC | LYB International Finance III LLC | LYB International Finance III LLC | LYB International Finance III LLC |
| 3759000 | 5.500 | 03/01/34 | 3709667 |
| **Commercial Services** – **0.6%** | **Commercial Services** – **0.6%** | **Commercial Services** – **0.6%** | **Commercial Services** – **0.6%** |
| Corp. of Gonzaga University | Corp. of Gonzaga University | Corp. of Gonzaga University | Corp. of Gonzaga University |
| 3500000 | 4.158 | 04/01/46 | 2724034 |
| Northwestern University | Northwestern University | Northwestern University | Northwestern University |
| 1000000 | 4.643 | 12/01/44 | 931473 |
| PayPal Holdings, Inc.<sup>(b)</sup> | PayPal Holdings, Inc.<sup>(b)</sup> | PayPal Holdings, Inc.<sup>(b)</sup> | PayPal Holdings, Inc.<sup>(b)</sup> |
| 3600000 | 5.250 | 06/01/62 | 3291923 |
|  |  |  | 6947430 |
| **Computers<sup>(b)</sup>** – **0.3%** | **Computers<sup>(b)</sup>** – **0.3%** | **Computers<sup>(b)</sup>** – **0.3%** | **Computers<sup>(b)</sup>** – **0.3%** |
| CGI, Inc. | CGI, Inc. | CGI, Inc. | CGI, Inc. |
| 4000000 | 2.300 | 09/14/31 | 3546509 |
| **Computers & Peripherals<sup>(b)</sup>** – **0.2%** | **Computers & Peripherals<sup>(b)</sup>** – **0.2%** | **Computers & Peripherals<sup>(b)</sup>** – **0.2%** | **Computers & Peripherals<sup>(b)</sup>** – **0.2%** |
| Meta Platforms, Inc. | Meta Platforms, Inc. | Meta Platforms, Inc. | Meta Platforms, Inc. |
| 2320000 | 3.850 | 08/15/32 | 2244728 |
| **Distribution/Wholesale<sup>(b)</sup>** – **0.2%** | **Distribution/Wholesale<sup>(b)</sup>** – **0.2%** | **Distribution/Wholesale<sup>(b)</sup>** – **0.2%** | **Distribution/Wholesale<sup>(b)</sup>** – **0.2%** |
| WW Grainger, Inc. | WW Grainger, Inc. | WW Grainger, Inc. | WW Grainger, Inc. |
| 3260000 | 4.600 | 06/15/45 | 2943032 |

---

------

THE BOND FUND

## Schedule of Investments (continued)
*January 31, 2026 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Diversified Financial Services<sup>(b)</sup>** – **1.3%** | **Diversified Financial Services<sup>(b)</sup>** – **1.3%** | **Diversified Financial Services<sup>(b)</sup>** – **1.3%** | **Diversified Financial Services<sup>(b)</sup>** – **1.3%** |
| Aircastle Ltd. | Aircastle Ltd. | Aircastle Ltd. | Aircastle Ltd. |
| $1000000 | 4.250% | 06/15/26 | $999782 |
| Ally Financial, Inc.<sup>(c)</sup>(Secured Overnight Financing Rate + 2.290%) | Ally Financial, Inc.<sup>(c)</sup>(Secured Overnight Financing Rate + 2.290%) | Ally Financial, Inc.<sup>(c)</sup>(Secured Overnight Financing Rate + 2.290%) | Ally Financial, Inc.<sup>(c)</sup>(Secured Overnight Financing Rate + 2.290%) |
| 2500000 | 6.184 | 07/26/35 | 2578167 |
| Brookfield Finance, Inc. | Brookfield Finance, Inc. | Brookfield Finance, Inc. | Brookfield Finance, Inc. |
| 3100000 | 4.700 | 09/20/47 | 2686279 |
| Capital One Financial Corp.<sup>(c)</sup>(Secured Overnight Financing Rate + 2.370%) | Capital One Financial Corp.<sup>(c)</sup>(Secured Overnight Financing Rate + 2.370%) | Capital One Financial Corp.<sup>(c)</sup>(Secured Overnight Financing Rate + 2.370%) | Capital One Financial Corp.<sup>(c)</sup>(Secured Overnight Financing Rate + 2.370%) |
| 3000000 | 5.268 | 05/10/33 | 3060367 |
| Charles Schwab Corp. | Charles Schwab Corp. | Charles Schwab Corp. | Charles Schwab Corp. |
| 2500000 | 1.950 | 12/01/31 | 2198505 |
| Mastercard, Inc. | Mastercard, Inc. | Mastercard, Inc. | Mastercard, Inc. |
| 5000000 | 4.875 | 05/09/34 | 5097155 |
|  |  |  | 16620255 |
| **Electrical Equipment** – **4.4%** | **Electrical Equipment** – **4.4%** | **Electrical Equipment** – **4.4%** | **Electrical Equipment** – **4.4%** |
| Arizona Public Service Co. | Arizona Public Service Co. | Arizona Public Service Co. | Arizona Public Service Co. |
| 2150000 | 6.875 | 08/01/36 | 2370308 |
| Cleco Securitization II LLC | Cleco Securitization II LLC | Cleco Securitization II LLC | Cleco Securitization II LLC |
| 4839305 | 4.680 | 12/01/36 | 4899044 |
| Commonwealth Edison Co.<sup>(b)</sup> | Commonwealth Edison Co.<sup>(b)</sup> | Commonwealth Edison Co.<sup>(b)</sup> | Commonwealth Edison Co.<sup>(b)</sup> |
| 1050000 | 5.300 | 06/01/34 | 1089637 |
| Consumers Energy Co.<sup>(b)</sup> | Consumers Energy Co.<sup>(b)</sup> | Consumers Energy Co.<sup>(b)</sup> | Consumers Energy Co.<sup>(b)</sup> |
| 3290000 | 3.950 | 07/15/47 | 2632366 |
| Duke Energy Progress LLC<sup>(b)</sup> | Duke Energy Progress LLC<sup>(b)</sup> | Duke Energy Progress LLC<sup>(b)</sup> | Duke Energy Progress LLC<sup>(b)</sup> |
| 2970000 | 5.050 | 03/15/35 | 3009030 |
| Emerson Electric Co. | Emerson Electric Co. | Emerson Electric Co. | Emerson Electric Co. |
| 1900000 | 6.125 | 04/15/39 | 2052739 |
| Evergy Kansas Central, Inc.<sup>(b)</sup> | Evergy Kansas Central, Inc.<sup>(b)</sup> | Evergy Kansas Central, Inc.<sup>(b)</sup> | Evergy Kansas Central, Inc.<sup>(b)</sup> |
| 7435000 | 5.900 | 11/15/33 | 7944752 |
| Florida Power & Light Co.<sup>(b)</sup> | Florida Power & Light Co.<sup>(b)</sup> | Florida Power & Light Co.<sup>(b)</sup> | Florida Power & Light Co.<sup>(b)</sup> |
| 1250000 | 4.550 | 10/01/44 | 1080798 |
| Louisville Gas & Electric Co.<sup>(b)</sup> | Louisville Gas & Electric Co.<sup>(b)</sup> | Louisville Gas & Electric Co.<sup>(b)</sup> | Louisville Gas & Electric Co.<sup>(b)</sup> |
| 1850000 | 4.650 | 11/15/43 | 1620014 |
| National Grid USA | National Grid USA | National Grid USA | National Grid USA |
| 3375000 | 8.000 | 11/15/30 | 3850096 |
| National Rural Utilities Cooperative Finance Corp.<sup>(b)</sup> | National Rural Utilities Cooperative Finance Corp.<sup>(b)</sup> | National Rural Utilities Cooperative Finance Corp.<sup>(b)</sup> | National Rural Utilities Cooperative Finance Corp.<sup>(b)</sup> |
| 4000000 | 5.800 | 01/15/33 | 4283903 |
| Nevada Power Co.<sup>(b)</sup> | Nevada Power Co.<sup>(b)</sup> | Nevada Power Co.<sup>(b)</sup> | Nevada Power Co.<sup>(b)</sup> |
| 1250000 | 3.125 | 08/01/50 | 819064 |
| Ohio Power Co. | Ohio Power Co. | Ohio Power Co. | Ohio Power Co. |
| 2870000 | 5.850 | 10/01/35 | 3028609 |
| Pacific Gas & Electric Co.<sup>(b)</sup> | Pacific Gas & Electric Co.<sup>(b)</sup> | Pacific Gas & Electric Co.<sup>(b)</sup> | Pacific Gas & Electric Co.<sup>(b)</sup> |
| 1000000 | 4.950 | 07/01/50 | 848001 |
| PacifiCorp | PacifiCorp | PacifiCorp | PacifiCorp |
| 2200000 | 6.100 | 08/01/36 | 2300320 |
| PG&E Wildfire Recovery Funding LLC | PG&E Wildfire Recovery Funding LLC | PG&E Wildfire Recovery Funding LLC | PG&E Wildfire Recovery Funding LLC |
| 709840 | 3.594 | 06/01/32 | 700071 |
| PPL Electric Utilities Corp.<sup>(b)</sup> | PPL Electric Utilities Corp.<sup>(b)</sup> | PPL Electric Utilities Corp.<sup>(b)</sup> | PPL Electric Utilities Corp.<sup>(b)</sup> |
| 2225000 | 4.750 | 07/15/43 | 2027632 |
| Public Service Enterprise Group, Inc.<sup>(b)</sup> | Public Service Enterprise Group, Inc.<sup>(b)</sup> | Public Service Enterprise Group, Inc.<sup>(b)</sup> | Public Service Enterprise Group, Inc.<sup>(b)</sup> |
| 5500000 | 8.625 | 04/15/31 | 6331206 |
| Southern California Edison Co. | Southern California Edison Co. | Southern California Edison Co. | Southern California Edison Co. |
| 1000000 | 5.550 | 01/15/37 | 996639 |
| Wisconsin Power & Light Co.<sup>(b)</sup> | Wisconsin Power & Light Co.<sup>(b)</sup> | Wisconsin Power & Light Co.<sup>(b)</sup> | Wisconsin Power & Light Co.<sup>(b)</sup> |
| 1000000 | 1.950 | 09/16/31 | 875576 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Electrical Equipment – (continued)** | **Electrical Equipment – (continued)** | **Electrical Equipment – (continued)** | **Electrical Equipment – (continued)** |
| Wisconsin Public Service Corp.<sup>(b)</sup> | Wisconsin Public Service Corp.<sup>(b)</sup> | Wisconsin Public Service Corp.<sup>(b)</sup> | Wisconsin Public Service Corp.<sup>(b)</sup> |
| $3000000 | 3.300% | 09/01/49 | $2091034 |
|  |  |  | 54850839 |
| **Food<sup>(a)(b)</sup>** – **0.5%** | **Food<sup>(a)(b)</sup>** – **0.5%** | **Food<sup>(a)(b)</sup>** – **0.5%** | **Food<sup>(a)(b)</sup>** – **0.5%** |
| Nestle Holdings, Inc. | Nestle Holdings, Inc. | Nestle Holdings, Inc. | Nestle Holdings, Inc. |
| 6700000 | 4.300 | 10/01/32 | 6696704 |
| **Gas<sup>(b)</sup>** – **0.6%** | **Gas<sup>(b)</sup>** – **0.6%** | **Gas<sup>(b)</sup>** – **0.6%** | **Gas<sup>(b)</sup>** – **0.6%** |
| Atmos Energy Corp. | Atmos Energy Corp. | Atmos Energy Corp. | Atmos Energy Corp. |
| 1400000 | 4.125 | 03/15/49 | 1121821 |
| Boston Gas Co.<sup>(a)</sup> | Boston Gas Co.<sup>(a)</sup> | Boston Gas Co.<sup>(a)</sup> | Boston Gas Co.<sup>(a)</sup> |
| 2900000 | 3.001 | 08/01/29 | 2779881 |
| Northwest Natural Gas Co. | Northwest Natural Gas Co. | Northwest Natural Gas Co. | Northwest Natural Gas Co. |
| 4650000 | 3.869 | 06/15/49 | 3399658 |
|  |  |  | 7301360 |
| **Healthcare-Services** – **2.0%** | **Healthcare-Services** – **2.0%** | **Healthcare-Services** – **2.0%** | **Healthcare-Services** – **2.0%** |
| Adventist Health System<sup>(b)</sup> | Adventist Health System<sup>(b)</sup> | Adventist Health System<sup>(b)</sup> | Adventist Health System<sup>(b)</sup> |
| 7000000 | 2.952 | 03/01/29 | 6668098 |
| Ascension Health | Ascension Health | Ascension Health | Ascension Health |
| 3000000 | 2.532 <sup>(b)</sup> | 11/15/29 | 2846144 |
| 2600000 | 3.945 | 11/15/46 | 2095626 |
| Baptist Health South Florida, Inc. | Baptist Health South Florida, Inc. | Baptist Health South Florida, Inc. | Baptist Health South Florida, Inc. |
| 3695000 | 4.342 | 11/15/41 | 3186551 |
| Mayo Clinic | Mayo Clinic | Mayo Clinic | Mayo Clinic |
| 2600000 | 3.774 | 11/15/43 | 2106942 |
| SSM Health Care Corp.<sup>(b)</sup> | SSM Health Care Corp.<sup>(b)</sup> | SSM Health Care Corp.<sup>(b)</sup> | SSM Health Care Corp.<sup>(b)</sup> |
| 4990000 | 3.823 | 06/01/27 | 4979846 |
| 3000000 | 4.894 | 06/01/28 | 3047285 |
|  |  |  | 24930492 |
| **Insurance** – **4.7%** | **Insurance** – **4.7%** | **Insurance** – **4.7%** | **Insurance** – **4.7%** |
| Americo Life, Inc.<sup>(a)</sup> | Americo Life, Inc.<sup>(a)</sup> | Americo Life, Inc.<sup>(a)</sup> | Americo Life, Inc.<sup>(a)</sup> |
| 5206000 | 3.450 | 04/15/31 | 4713132 |
| Aon North America, Inc.<sup>(b)</sup> | Aon North America, Inc.<sup>(b)</sup> | Aon North America, Inc.<sup>(b)</sup> | Aon North America, Inc.<sup>(b)</sup> |
| 2175000 | 5.750 | 03/01/54 | 2168901 |
| Arch Capital Group Ltd. | Arch Capital Group Ltd. | Arch Capital Group Ltd. | Arch Capital Group Ltd. |
| 2149000 | 7.350 | 05/01/34 | 2485562 |
| Arthur J Gallagher & Co.<sup>(b)</sup> | Arthur J Gallagher & Co.<sup>(b)</sup> | Arthur J Gallagher & Co.<sup>(b)</sup> | Arthur J Gallagher & Co.<sup>(b)</sup> |
| 1000000 | 5.450 | 07/15/34 | 1033075 |
| Assured Guaranty U.S. Holdings, Inc.<sup>(b)</sup> | Assured Guaranty U.S. Holdings, Inc.<sup>(b)</sup> | Assured Guaranty U.S. Holdings, Inc.<sup>(b)</sup> | Assured Guaranty U.S. Holdings, Inc.<sup>(b)</sup> |
| 4715000 | 3.150 | 06/15/31 | 4435959 |
| Berkshire Hathaway Finance Corp.<sup>(b)</sup> | Berkshire Hathaway Finance Corp.<sup>(b)</sup> | Berkshire Hathaway Finance Corp.<sup>(b)</sup> | Berkshire Hathaway Finance Corp.<sup>(b)</sup> |
| 4220000 | 4.200 | 08/15/48 | 3494844 |
| Equitable Financial Life Global Funding<sup>(a)</sup> | Equitable Financial Life Global Funding<sup>(a)</sup> | Equitable Financial Life Global Funding<sup>(a)</sup> | Equitable Financial Life Global Funding<sup>(a)</sup> |
| 5000000 | 1.750 | 11/15/30 | 4405174 |
| Guardian Life Global Funding<sup>(a)</sup> | Guardian Life Global Funding<sup>(a)</sup> | Guardian Life Global Funding<sup>(a)</sup> | Guardian Life Global Funding<sup>(a)</sup> |
| 5000000 | 4.798 | 04/28/30 | 5086226 |
| Horace Mann Educators Corp.<sup>(b)</sup> | Horace Mann Educators Corp.<sup>(b)</sup> | Horace Mann Educators Corp.<sup>(b)</sup> | Horace Mann Educators Corp.<sup>(b)</sup> |
| 2000000 | 7.250 | 09/15/28 | 2139346 |
| MassMutual Global Funding II<sup>(a)</sup> | MassMutual Global Funding II<sup>(a)</sup> | MassMutual Global Funding II<sup>(a)</sup> | MassMutual Global Funding II<sup>(a)</sup> |
| 2670000 | 1.550 | 10/09/30 | 2351948 |
| MetLife, Inc.<sup>(b)</sup> | MetLife, Inc.<sup>(b)</sup> | MetLife, Inc.<sup>(b)</sup> | MetLife, Inc.<sup>(b)</sup> |
| 2055000 | 10.750 | 08/01/69 | 2739664 |
| New York Life Global Funding<sup>(a)</sup> | New York Life Global Funding<sup>(a)</sup> | New York Life Global Funding<sup>(a)</sup> | New York Life Global Funding<sup>(a)</sup> |
| 9000000 | 4.550 | 01/28/33 | 8946306 |
| Principal Life Global Funding II<sup>(a)</sup> | Principal Life Global Funding II<sup>(a)</sup> | Principal Life Global Funding II<sup>(a)</sup> | Principal Life Global Funding II<sup>(a)</sup> |
| 2600000 | 5.500 | 06/28/28 | 2679512 |

---

------

THE BOND FUND

*January 31, 2026 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Insurance** – **(continued)** | **Insurance** – **(continued)** | **Insurance** – **(continued)** | **Insurance** – **(continued)** |
| Reinsurance Group of America, Inc. | Reinsurance Group of America, Inc. | Reinsurance Group of America, Inc. | Reinsurance Group of America, Inc. |
| $2500000 | 3.150 %<sup>(b)</sup> | 06/15/30 | $2372112 |
| 1811000 | 6.000 <sup>(b)</sup> | 09/15/33 | 1925816 |
| (3 mo. USD Term SOFR + 2.927%), | (3 mo. USD Term SOFR + 2.927%), | (3 mo. USD Term SOFR + 2.927%), | (3 mo. USD Term SOFR + 2.927%), |
| 2000000 | 6.650 <sup>(b)(c)</sup> | 12/15/65 | 1909952 |
| Reliance Standard Life Global Funding II<sup>(a)</sup> | Reliance Standard Life Global Funding II<sup>(a)</sup> | Reliance Standard Life Global Funding II<sup>(a)</sup> | Reliance Standard Life Global Funding II<sup>(a)</sup> |
| 1750000 | 2.750 | 01/21/27 | 1728168 |
| Teachers Insurance & Annuity Association of America<sup>(a)(b)</sup> | Teachers Insurance & Annuity Association of America<sup>(a)(b)</sup> | Teachers Insurance & Annuity Association of America<sup>(a)(b)</sup> | Teachers Insurance & Annuity Association of America<sup>(a)(b)</sup> |
| 3000000 | 4.270 | 05/15/47 | 2471153 |
| Travelers Cos., Inc.<sup>(b)</sup> | Travelers Cos., Inc.<sup>(b)</sup> | Travelers Cos., Inc.<sup>(b)</sup> | Travelers Cos., Inc.<sup>(b)</sup> |
| 2000000 | 4.100 | 03/04/49 | 1618442 |
|  |  |  | 58705292 |
| **Investment Company<sup>(b)</sup>** – **0.2%** | **Investment Company<sup>(b)</sup>** – **0.2%** | **Investment Company<sup>(b)</sup>** – **0.2%** | **Investment Company<sup>(b)</sup>** – **0.2%** |
| Morgan Stanley Direct Lending Fund | Morgan Stanley Direct Lending Fund | Morgan Stanley Direct Lending Fund | Morgan Stanley Direct Lending Fund |
| 2000000 | 6.000 | 05/19/30 | 2036261 |
| **Machinery-Diversified** – **0.3%** | **Machinery-Diversified** – **0.3%** | **Machinery-Diversified** – **0.3%** | **Machinery-Diversified** – **0.3%** |
| John Deere Capital Corp. | John Deere Capital Corp. | John Deere Capital Corp. | John Deere Capital Corp. |
| 4000000 | 4.350 | 09/15/32 | 4008612 |
| **Media** – **0.2%** | **Media** – **0.2%** | **Media** – **0.2%** | **Media** – **0.2%** |
| Comcast Corp. | Comcast Corp. | Comcast Corp. | Comcast Corp. |
| 1250000 | 6.400 | 05/15/38 | 1342531 |
| 1500000 | 2.800 <sup>(b)</sup> | 01/15/51 | 874136 |
|  |  |  | 2216667 |
| **Metals & Mining** – **0.2%** | **Metals & Mining** – **0.2%** | **Metals & Mining** – **0.2%** | **Metals & Mining** – **0.2%** |
| Southern Copper Corp. | Southern Copper Corp. | Southern Copper Corp. | Southern Copper Corp. |
| 2000000 | 5.875 | 04/23/45 | 2084608 |
| **Oil-Field Services** – **1.2%** | **Oil-Field Services** – **1.2%** | **Oil-Field Services** – **1.2%** | **Oil-Field Services** – **1.2%** |
| APA Corp.<sup>(b)</sup> | APA Corp.<sup>(b)</sup> | APA Corp.<sup>(b)</sup> | APA Corp.<sup>(b)</sup> |
| 2835000 | 5.100 | 09/01/40 | 2547011 |
| HF Sinclair Corp.<sup>(b)</sup> | HF Sinclair Corp.<sup>(b)</sup> | HF Sinclair Corp.<sup>(b)</sup> | HF Sinclair Corp.<sup>(b)</sup> |
| 2000000 | 6.250 | 01/15/35 | 2091091 |
| Phillips 66 Co.<sup>(b)</sup> | Phillips 66 Co.<sup>(b)</sup> | Phillips 66 Co.<sup>(b)</sup> | Phillips 66 Co.<sup>(b)</sup> |
| 3000000 | 4.950 | 03/15/35 | 2982182 |
| Saudi Arabian Oil Co.<sup>(a)</sup> | Saudi Arabian Oil Co.<sup>(a)</sup> | Saudi Arabian Oil Co.<sup>(a)</sup> | Saudi Arabian Oil Co.<sup>(a)</sup> |
| 5000000 | 3.500 | 04/16/29 | 4877990 |
| Schlumberger Holdings Corp.<sup>(a)(b)</sup> | Schlumberger Holdings Corp.<sup>(a)(b)</sup> | Schlumberger Holdings Corp.<sup>(a)(b)</sup> | Schlumberger Holdings Corp.<sup>(a)(b)</sup> |
| 3000000 | 4.850 | 05/15/33 | 3011140 |
|  |  |  | 15509414 |
| **Pharmaceuticals** – **1.0%** | **Pharmaceuticals** – **1.0%** | **Pharmaceuticals** – **1.0%** | **Pharmaceuticals** – **1.0%** |
| CVS Pass-Through Trust<sup>(a)</sup> | CVS Pass-Through Trust<sup>(a)</sup> | CVS Pass-Through Trust<sup>(a)</sup> | CVS Pass-Through Trust<sup>(a)</sup> |
| 1569010 | 7.507 | 01/10/32 | 1667863 |
| GlaxoSmithKline Capital, Inc.<sup>(b)</sup> | GlaxoSmithKline Capital, Inc.<sup>(b)</sup> | GlaxoSmithKline Capital, Inc.<sup>(b)</sup> | GlaxoSmithKline Capital, Inc.<sup>(b)</sup> |
| 2000000 | 4.500 | 04/15/30 | 2032078 |
| Johnson & Johnson | Johnson & Johnson | Johnson & Johnson | Johnson & Johnson |
| 4970000 | 5.950 | 08/15/37 | 5504645 |
| Pfizer, Inc. | Pfizer, Inc. | Pfizer, Inc. | Pfizer, Inc. |
| 2900000 | 7.200 | 03/15/39 | 3449594 |
|  |  |  | 12654180 |
| **Pipelines** – **2.0%** | **Pipelines** – **2.0%** | **Pipelines** – **2.0%** | **Pipelines** – **2.0%** |
| DCP Midstream Operating LP | DCP Midstream Operating LP | DCP Midstream Operating LP | DCP Midstream Operating LP |
| 1000000 | 8.125 | 08/16/30 | 1155706 |
| Energy Transfer LP<sup>(b)</sup> | Energy Transfer LP<sup>(b)</sup> | Energy Transfer LP<sup>(b)</sup> | Energy Transfer LP<sup>(b)</sup> |
| 3000000 | 4.900 | 03/15/35 | 2935955 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Pipelines** – **(continued)** | **Pipelines** – **(continued)** | **Pipelines** – **(continued)** | **Pipelines** – **(continued)** |
| Gulfstream Natural Gas System LLC<sup>(a)(b)</sup> | Gulfstream Natural Gas System LLC<sup>(a)(b)</sup> | Gulfstream Natural Gas System LLC<sup>(a)(b)</sup> | Gulfstream Natural Gas System LLC<sup>(a)(b)</sup> |
| $3000000 | 5.600% | 07/23/35 | $3069096 |
| Kinder Morgan Energy Partners LP | Kinder Morgan Energy Partners LP | Kinder Morgan Energy Partners LP | Kinder Morgan Energy Partners LP |
| 4175000 | 5.800 | 03/15/35 | 4399333 |
| ONEOK, Inc.<sup>(b)</sup> | ONEOK, Inc.<sup>(b)</sup> | ONEOK, Inc.<sup>(b)</sup> | ONEOK, Inc.<sup>(b)</sup> |
| 2635000 | 3.950 | 03/01/50 | 1916534 |
| Tennessee Gas Pipeline Co. LLC | Tennessee Gas Pipeline Co. LLC | Tennessee Gas Pipeline Co. LLC | Tennessee Gas Pipeline Co. LLC |
| 628000 | 8.375 | 06/15/32 | 738131 |
| 1450000 | 7.625 | 04/01/37 | 1719365 |
| Texas Eastern Transmission LP<sup>(a)(b)</sup> | Texas Eastern Transmission LP<sup>(a)(b)</sup> | Texas Eastern Transmission LP<sup>(a)(b)</sup> | Texas Eastern Transmission LP<sup>(a)(b)</sup> |
| 3900000 | 4.150 | 01/15/48 | 3116525 |
| TransCanada PipeLines Ltd.<sup>(b)</sup> | TransCanada PipeLines Ltd.<sup>(b)</sup> | TransCanada PipeLines Ltd.<sup>(b)</sup> | TransCanada PipeLines Ltd.<sup>(b)</sup> |
| 1000000 | 4.625 | 03/01/34 | 976531 |
| Transcanada Trust<sup>(b)(c)</sup>(3 mo. USD Term SOFR + 3.208%) | Transcanada Trust<sup>(b)(c)</sup>(3 mo. USD Term SOFR + 3.208%) | Transcanada Trust<sup>(b)(c)</sup>(3 mo. USD Term SOFR + 3.208%) | Transcanada Trust<sup>(b)(c)</sup>(3 mo. USD Term SOFR + 3.208%) |
| 4660000 | 5.300 | 03/15/77 | 4671501 |
|  |  |  | 24698677 |
| **Real Estate<sup>(b)</sup>** – **3.4%** | **Real Estate<sup>(b)</sup>** – **3.4%** | **Real Estate<sup>(b)</sup>** – **3.4%** | **Real Estate<sup>(b)</sup>** – **3.4%** |
| Alexandria Real Estate Equities, Inc. | Alexandria Real Estate Equities, Inc. | Alexandria Real Estate Equities, Inc. | Alexandria Real Estate Equities, Inc. |
| 2500000 | 5.250 | 05/15/36 | 2483712 |
| AvalonBay Communities, Inc. | AvalonBay Communities, Inc. | AvalonBay Communities, Inc. | AvalonBay Communities, Inc. |
| 1350000 | 5.350 | 06/01/34 | 1397306 |
| Camden Property Trust | Camden Property Trust | Camden Property Trust | Camden Property Trust |
| 6000000 | 4.900 | 01/15/34 | 6055635 |
| DOC Dr. LLC | DOC Dr. LLC | DOC Dr. LLC | DOC Dr. LLC |
| 1325000 | 2.625 | 11/01/31 | 1190449 |
| Healthcare Realty Holdings LP | Healthcare Realty Holdings LP | Healthcare Realty Holdings LP | Healthcare Realty Holdings LP |
| 1075000 | 2.050 | 03/15/31 | 941892 |
| Mid-America Apartments LP | Mid-America Apartments LP | Mid-America Apartments LP | Mid-America Apartments LP |
| 1900000 | 1.100 | 09/15/26 | 1867379 |
| Omega Healthcare Investors, Inc. | Omega Healthcare Investors, Inc. | Omega Healthcare Investors, Inc. | Omega Healthcare Investors, Inc. |
| 2875000 | 4.750 | 01/15/28 | 2899122 |
| Prologis Targeted U.S. Logistics Fund LP<sup>(a)</sup> | Prologis Targeted U.S. Logistics Fund LP<sup>(a)</sup> | Prologis Targeted U.S. Logistics Fund LP<sup>(a)</sup> | Prologis Targeted U.S. Logistics Fund LP<sup>(a)</sup> |
| 5428000 | 5.500 | 04/01/34 | 5624099 |
| Realty Income Corp. | Realty Income Corp. | Realty Income Corp. | Realty Income Corp. |
| 2400000 | 3.950 | 08/15/27 | 2401291 |
| SBA Tower Trust<sup>(a)</sup> | SBA Tower Trust<sup>(a)</sup> | SBA Tower Trust<sup>(a)</sup> | SBA Tower Trust<sup>(a)</sup> |
| 2600000 | 4.831 | 10/15/29 | 2611122 |
| Scentre Group Trust 1/Scentre Group Trust 2<sup>(a)</sup> | Scentre Group Trust 1/Scentre Group Trust 2<sup>(a)</sup> | Scentre Group Trust 1/Scentre Group Trust 2<sup>(a)</sup> | Scentre Group Trust 1/Scentre Group Trust 2<sup>(a)</sup> |
| 4000000 | 3.750 | 03/23/27 | 3987105 |
| Simon Property Group LP | Simon Property Group LP | Simon Property Group LP | Simon Property Group LP |
| 1500000 | 6.250 | 01/15/34 | 1638439 |
| Sun Communities Operating LP | Sun Communities Operating LP | Sun Communities Operating LP | Sun Communities Operating LP |
| 1000000 | 2.700 | 07/15/31 | 908300 |
| Ventas Realty LP | Ventas Realty LP | Ventas Realty LP | Ventas Realty LP |
| 2900000 | 5.625 | 07/01/34 | 3024308 |
| Welltower OP LLC | Welltower OP LLC | Welltower OP LLC | Welltower OP LLC |
| 5900000 | 2.750 | 01/15/32 | 5373391 |
|  |  |  | 42403550 |
| **Semiconductors<sup>(b)</sup>** – **0.9%** | **Semiconductors<sup>(b)</sup>** – **0.9%** | **Semiconductors<sup>(b)</sup>** – **0.9%** | **Semiconductors<sup>(b)</sup>** – **0.9%** |
| Broadcom, Inc. | Broadcom, Inc. | Broadcom, Inc. | Broadcom, Inc. |
| 2500000 | 4.150 <sup>(a)</sup> | 04/15/32 | 2445427 |
| 3500000 | 3.469 | 04/15/34 | 3181956 |
| Texas Instruments, Inc. | Texas Instruments, Inc. | Texas Instruments, Inc. | Texas Instruments, Inc. |
| 6000000 | 3.650 | 08/16/32 | 5783690 |
|  |  |  | 11411073 |

---

------

THE BOND FUND

*January 31, 2026 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Software<sup>(b)</sup>** – **0.1%** | **Software<sup>(b)</sup>** – **0.1%** | **Software<sup>(b)</sup>** – **0.1%** | **Software<sup>(b)</sup>** – **0.1%** |
| Salesforce, Inc. | Salesforce, Inc. | Salesforce, Inc. | Salesforce, Inc. |
| $1000000 | 2.900% | 07/15/51 | $625499 |
| **Telecommunications** – **0.3%** | **Telecommunications** – **0.3%** | **Telecommunications** – **0.3%** | **Telecommunications** – **0.3%** |
| AT&T, Inc. | AT&T, Inc. | AT&T, Inc. | AT&T, Inc. |
| 4000000 | 6.250 | 03/29/41 | 4186237 |
| **Transportation** – **0.9%** | **Transportation** – **0.9%** | **Transportation** – **0.9%** | **Transportation** – **0.9%** |
| Burlington Northern Santa Fe LLC<sup>(b)</sup> | Burlington Northern Santa Fe LLC<sup>(b)</sup> | Burlington Northern Santa Fe LLC<sup>(b)</sup> | Burlington Northern Santa Fe LLC<sup>(b)</sup> |
| 1220000 | 4.950 | 09/15/41 | 1178301 |
| Canadian National Railway Co. | Canadian National Railway Co. | Canadian National Railway Co. | Canadian National Railway Co. |
| 1190000 | 6.200 | 06/01/36 | 1314226 |
| 1310000 | 2.450 <sup>(b)</sup> | 05/01/50 | 782860 |
| Canadian Pacific Railway Co. | Canadian Pacific Railway Co. | Canadian Pacific Railway Co. | Canadian Pacific Railway Co. |
| 1980000 | 5.750 | 01/15/42 | 1967300 |
| 1635000 | 4.950 <sup>(b)</sup> | 08/15/45 | 1522353 |
| 1500000 | 4.700 <sup>(b)</sup> | 05/01/48 | 1334009 |
| 2500000 | 6.125 <sup>(b)(e)</sup> | 09/15/15 | 2529520 |
| Kansas City Southern Railway Co.<sup>(b)</sup> | Kansas City Southern Railway Co.<sup>(b)</sup> | Kansas City Southern Railway Co.<sup>(b)</sup> | Kansas City Southern Railway Co.<sup>(b)</sup> |
| 500000 | 4.950 | 08/15/45 | 406801 |
|  |  |  | 11035370 |
| **Trucking & Leasing<sup>(b)</sup>** – **0.2%** | **Trucking & Leasing<sup>(b)</sup>** – **0.2%** | **Trucking & Leasing<sup>(b)</sup>** – **0.2%** | **Trucking & Leasing<sup>(b)</sup>** – **0.2%** |
| GATX Corp. | GATX Corp. | GATX Corp. | GATX Corp. |
| 3155000 | 3.100 | 06/01/51 | 2010843 |
| **TOTAL CORPORATE OBLIGATIONS<br>(Cost $469,275,939)** | **TOTAL CORPORATE OBLIGATIONS<br>(Cost $469,275,939)** | **TOTAL CORPORATE OBLIGATIONS<br>(Cost $469,275,939)** | $444603111 |
| **Mortgage-Backed Obligations** – **26.7%** | **Mortgage-Backed Obligations** – **26.7%** | **Mortgage-Backed Obligations** – **26.7%** | **Mortgage-Backed Obligations** – **26.7%** |
| **Collateralized Mortgage Obligations** – **11.3%** | **Collateralized Mortgage Obligations** – **11.3%** | **Collateralized Mortgage Obligations** – **11.3%** | **Collateralized Mortgage Obligations** – **11.3%** |
| Agate Bay Mortgage Trust Series 2016-2, Class A3<sup>(a)(c)(f)</sup> | Agate Bay Mortgage Trust Series 2016-2, Class A3<sup>(a)(c)(f)</sup> | Agate Bay Mortgage Trust Series 2016-2, Class A3<sup>(a)(c)(f)</sup> | Agate Bay Mortgage Trust Series 2016-2, Class A3<sup>(a)(c)(f)</sup> |
| $125566 | 3.500% | 03/25/46 | $116692 |
| Bayview MSR Opportunity Master Fund Trust Series 2021-2, Class A2<sup>(a)(c)(f)</sup> | Bayview MSR Opportunity Master Fund Trust Series 2021-2, Class A2<sup>(a)(c)(f)</sup> | Bayview MSR Opportunity Master Fund Trust Series 2021-2, Class A2<sup>(a)(c)(f)</sup> | Bayview MSR Opportunity Master Fund Trust Series 2021-2, Class A2<sup>(a)(c)(f)</sup> |
| 2757984 | 2.500 | 06/25/51 | 2330151 |
| Bayview Opportunity Master Fund VI Trust Series 2021-6, Class A1<sup>(a)(c)(f)</sup> | Bayview Opportunity Master Fund VI Trust Series 2021-6, Class A1<sup>(a)(c)(f)</sup> | Bayview Opportunity Master Fund VI Trust Series 2021-6, Class A1<sup>(a)(c)(f)</sup> | Bayview Opportunity Master Fund VI Trust Series 2021-6, Class A1<sup>(a)(c)(f)</sup> |
| 7504154 | 3.000 | 10/25/51 | 6576873 |
| Bear Stearns Alt-A Trust Series 2005-9, Class 25A1<sup>(c)(f)</sup> | Bear Stearns Alt-A Trust Series 2005-9, Class 25A1<sup>(c)(f)</sup> | Bear Stearns Alt-A Trust Series 2005-9, Class 25A1<sup>(c)(f)</sup> | Bear Stearns Alt-A Trust Series 2005-9, Class 25A1<sup>(c)(f)</sup> |
| 482238 | 4.364 | 11/25/35 | 297649 |
| CHL Mortgage Pass-Through Trust Series 2005-27, Class 2A1 | CHL Mortgage Pass-Through Trust Series 2005-27, Class 2A1 | CHL Mortgage Pass-Through Trust Series 2005-27, Class 2A1 | CHL Mortgage Pass-Through Trust Series 2005-27, Class 2A1 |
| 332985 | 5.500 | 12/25/35 | 123220 |
| CHL Mortgage Pass-Through Trust Series 2005-6, Class 2A1 | CHL Mortgage Pass-Through Trust Series 2005-6, Class 2A1 | CHL Mortgage Pass-Through Trust Series 2005-6, Class 2A1 | CHL Mortgage Pass-Through Trust Series 2005-6, Class 2A1 |
| 37127 | 5.500 | 04/25/35 | 32748 |
| CHL Mortgage Pass-Through Trust Series 2005-7, Class 1A1<sup>(c)</sup>(1 mo. USD Term SOFR + 0.654%) | CHL Mortgage Pass-Through Trust Series 2005-7, Class 1A1<sup>(c)</sup>(1 mo. USD Term SOFR + 0.654%) | CHL Mortgage Pass-Through Trust Series 2005-7, Class 1A1<sup>(c)</sup>(1 mo. USD Term SOFR + 0.654%) | CHL Mortgage Pass-Through Trust Series 2005-7, Class 1A1<sup>(c)</sup>(1 mo. USD Term SOFR + 0.654%) |
| 241226 | 4.327 | 03/25/35 | 228579 |
| Citigroup Mortgage Loan Trust, Inc. Series 2004-NCM2, Class 1CB2 | Citigroup Mortgage Loan Trust, Inc. Series 2004-NCM2, Class 1CB2 | Citigroup Mortgage Loan Trust, Inc. Series 2004-NCM2, Class 1CB2 | Citigroup Mortgage Loan Trust, Inc. Series 2004-NCM2, Class 1CB2 |
| 236208 | 6.750 | 08/25/34 | 242893 |
| Countrywide Alternative Loan Trust Series 2004-18CB, Class 3A1 | Countrywide Alternative Loan Trust Series 2004-18CB, Class 3A1 | Countrywide Alternative Loan Trust Series 2004-18CB, Class 3A1 | Countrywide Alternative Loan Trust Series 2004-18CB, Class 3A1 |
| 3118 | 5.250 | 09/25/19 | 3077 |
| Countrywide Alternative Loan Trust Series 2005-J1, Class 3A1 | Countrywide Alternative Loan Trust Series 2005-J1, Class 3A1 | Countrywide Alternative Loan Trust Series 2005-J1, Class 3A1 | Countrywide Alternative Loan Trust Series 2005-J1, Class 3A1 |
| 1700 | 6.500 | 08/25/32 | 1723 |
| Credit Suisse First Boston Mortgage Securities Corp. Series 2003-19, Class 1A4 | Credit Suisse First Boston Mortgage Securities Corp. Series 2003-19, Class 1A4 | Credit Suisse First Boston Mortgage Securities Corp. Series 2003-19, Class 1A4 | Credit Suisse First Boston Mortgage Securities Corp. Series 2003-19, Class 1A4 |
| 85334 | 5.250 | 07/25/33 | 84605 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Mortgage-Backed Obligations** – **(continued)** | **Mortgage-Backed Obligations** – **(continued)** | **Mortgage-Backed Obligations** – **(continued)** | **Mortgage-Backed Obligations** – **(continued)** |
| **Collateralized Mortgage Obligations** – **(continued)** | **Collateralized Mortgage Obligations** – **(continued)** | **Collateralized Mortgage Obligations** – **(continued)** | **Collateralized Mortgage Obligations** – **(continued)** |
| Cross Mortgage Trust Series 2025-H1, Class A1<sup>(a)(c)(f)</sup> | Cross Mortgage Trust Series 2025-H1, Class A1<sup>(a)(c)(f)</sup> | Cross Mortgage Trust Series 2025-H1, Class A1<sup>(a)(c)(f)</sup> | Cross Mortgage Trust Series 2025-H1, Class A1<sup>(a)(c)(f)</sup> |
| $2251473 | 5.735% | 02/25/70 | $2280243 |
| Cross Mortgage Trust Series 2025-H3, Class A1<sup>(a)(c)(f)</sup> | Cross Mortgage Trust Series 2025-H3, Class A1<sup>(a)(c)(f)</sup> | Cross Mortgage Trust Series 2025-H3, Class A1<sup>(a)(c)(f)</sup> | Cross Mortgage Trust Series 2025-H3, Class A1<sup>(a)(c)(f)</sup> |
| 3276695 | 5.883 | 04/25/70 | 3328082 |
| CSMC Trust Series 2013-6, Class 1A1<sup>(a)(c)(f)</sup> | CSMC Trust Series 2013-6, Class 1A1<sup>(a)(c)(f)</sup> | CSMC Trust Series 2013-6, Class 1A1<sup>(a)(c)(f)</sup> | CSMC Trust Series 2013-6, Class 1A1<sup>(a)(c)(f)</sup> |
| 1057081 | 2.500 | 07/25/28 | 1033466 |
| CSMC Trust Series 2017-HL2, Class A1<sup>(a)(c)(f)</sup> | CSMC Trust Series 2017-HL2, Class A1<sup>(a)(c)(f)</sup> | CSMC Trust Series 2017-HL2, Class A1<sup>(a)(c)(f)</sup> | CSMC Trust Series 2017-HL2, Class A1<sup>(a)(c)(f)</sup> |
| 285795 | 3.500 | 10/25/47 | 261271 |
| EverBank Mortgage Loan Trust Series 2013-2, Class A<sup>(a)(c)(f)</sup> | EverBank Mortgage Loan Trust Series 2013-2, Class A<sup>(a)(c)(f)</sup> | EverBank Mortgage Loan Trust Series 2013-2, Class A<sup>(a)(c)(f)</sup> | EverBank Mortgage Loan Trust Series 2013-2, Class A<sup>(a)(c)(f)</sup> |
| 313202 | 3.000 | 06/25/43 | 296009 |
| Federal Home Loan Mortgage Corp. REMICS Series 2103, Class TE | Federal Home Loan Mortgage Corp. REMICS Series 2103, Class TE | Federal Home Loan Mortgage Corp. REMICS Series 2103, Class TE | Federal Home Loan Mortgage Corp. REMICS Series 2103, Class TE |
| 5649 | 6.000 | 12/15/28 | 5773 |
| Federal Home Loan Mortgage Corp. REMICS Series 2110, Class PG | Federal Home Loan Mortgage Corp. REMICS Series 2110, Class PG | Federal Home Loan Mortgage Corp. REMICS Series 2110, Class PG | Federal Home Loan Mortgage Corp. REMICS Series 2110, Class PG |
| 25703 | 6.000 | 01/15/29 | 25978 |
| Federal Home Loan Mortgage Corp. REMICS Series 2391, Class Z | Federal Home Loan Mortgage Corp. REMICS Series 2391, Class Z | Federal Home Loan Mortgage Corp. REMICS Series 2391, Class Z | Federal Home Loan Mortgage Corp. REMICS Series 2391, Class Z |
| 124809 | 6.000 | 12/15/31 | 129750 |
| Federal Home Loan Mortgage Corp. REMICS Series 4272, Class DG | Federal Home Loan Mortgage Corp. REMICS Series 4272, Class DG | Federal Home Loan Mortgage Corp. REMICS Series 4272, Class DG | Federal Home Loan Mortgage Corp. REMICS Series 4272, Class DG |
| 77437 | 3.000 | 04/15/43 | 76154 |
| Federal Home Loan Mortgage Corp. REMICS Series 4370, Class PA | Federal Home Loan Mortgage Corp. REMICS Series 4370, Class PA | Federal Home Loan Mortgage Corp. REMICS Series 4370, Class PA | Federal Home Loan Mortgage Corp. REMICS Series 4370, Class PA |
| 6710 | 3.500 | 09/15/41 | 6695 |
| Federal Home Loan Mortgage Corp. REMICS Series 4792, Class AC | Federal Home Loan Mortgage Corp. REMICS Series 4792, Class AC | Federal Home Loan Mortgage Corp. REMICS Series 4792, Class AC | Federal Home Loan Mortgage Corp. REMICS Series 4792, Class AC |
| 111095 | 3.500 | 05/15/48 | 101574 |
| Federal Home Loan Mortgage Corp. REMICS Series 5018, Class NA | Federal Home Loan Mortgage Corp. REMICS Series 5018, Class NA | Federal Home Loan Mortgage Corp. REMICS Series 5018, Class NA | Federal Home Loan Mortgage Corp. REMICS Series 5018, Class NA |
| 1328638 | 3.000 | 10/15/50 | 1204976 |
| Federal Home Loan Mortgage Corp. REMICS Series 5020, Class KW | Federal Home Loan Mortgage Corp. REMICS Series 5020, Class KW | Federal Home Loan Mortgage Corp. REMICS Series 5020, Class KW | Federal Home Loan Mortgage Corp. REMICS Series 5020, Class KW |
| 6000000 | 2.000 | 09/25/45 | 5256160 |
| Federal Home Loan Mortgage Corp. REMICS Series 5081, Class QA | Federal Home Loan Mortgage Corp. REMICS Series 5081, Class QA | Federal Home Loan Mortgage Corp. REMICS Series 5081, Class QA | Federal Home Loan Mortgage Corp. REMICS Series 5081, Class QA |
| 518933 | 2.000 | 12/25/50 | 417716 |
| Federal Home Loan Mortgage Corp. REMICS Series 5139, Class EC | Federal Home Loan Mortgage Corp. REMICS Series 5139, Class EC | Federal Home Loan Mortgage Corp. REMICS Series 5139, Class EC | Federal Home Loan Mortgage Corp. REMICS Series 5139, Class EC |
| 4000000 | 2.500 | 09/25/51 | 2934882 |
| Federal Home Loan Mortgage Corp. REMICS Series 5204, Class AB | Federal Home Loan Mortgage Corp. REMICS Series 5204, Class AB | Federal Home Loan Mortgage Corp. REMICS Series 5204, Class AB | Federal Home Loan Mortgage Corp. REMICS Series 5204, Class AB |
| 1336802 | 3.000 | 07/25/48 | 1249978 |
| Federal Home Loan Mortgage Corp. REMICS Series 5428, Class VT | Federal Home Loan Mortgage Corp. REMICS Series 5428, Class VT | Federal Home Loan Mortgage Corp. REMICS Series 5428, Class VT | Federal Home Loan Mortgage Corp. REMICS Series 5428, Class VT |
| 4800000 | 6.000 | 11/25/36 | 4951616 |
| Federal Home Loan Mortgage Corp. REMICS Series 5586, Class V | Federal Home Loan Mortgage Corp. REMICS Series 5586, Class V | Federal Home Loan Mortgage Corp. REMICS Series 5586, Class V | Federal Home Loan Mortgage Corp. REMICS Series 5586, Class V |
| 3430899 | 4.500 | 05/25/38 | 3433423 |
| Federal Home Loan Mortgage Corp. Seasoned Credit Risk Transfer | Federal Home Loan Mortgage Corp. Seasoned Credit Risk Transfer | Federal Home Loan Mortgage Corp. Seasoned Credit Risk Transfer | Federal Home Loan Mortgage Corp. Seasoned Credit Risk Transfer |
| Trust Series 2017-3, Class MA | Trust Series 2017-3, Class MA | Trust Series 2017-3, Class MA | Trust Series 2017-3, Class MA |
| 1414567 | 3.000 | 07/25/56 | 1346863 |
| Federal National Mortgage Association REMICS Series 2001-45, Class WG | Federal National Mortgage Association REMICS Series 2001-45, Class WG | Federal National Mortgage Association REMICS Series 2001-45, Class WG | Federal National Mortgage Association REMICS Series 2001-45, Class WG |
| 11308 | 6.500 | 09/25/31 | 11523 |
| Federal National Mortgage Association REMICS Series 2003-117, Class KB | Federal National Mortgage Association REMICS Series 2003-117, Class KB | Federal National Mortgage Association REMICS Series 2003-117, Class KB | Federal National Mortgage Association REMICS Series 2003-117, Class KB |
| 626868 | 6.000 | 12/25/33 | 653541 |
| Federal National Mortgage Association REMICS Series 2011-127, Class ZU | Federal National Mortgage Association REMICS Series 2011-127, Class ZU | Federal National Mortgage Association REMICS Series 2011-127, Class ZU | Federal National Mortgage Association REMICS Series 2011-127, Class ZU |
| 225886 | 3.500 | 12/25/41 | 215075 |
| Federal National Mortgage Association REMICS Series 2014-80, Class KA | Federal National Mortgage Association REMICS Series 2014-80, Class KA | Federal National Mortgage Association REMICS Series 2014-80, Class KA | Federal National Mortgage Association REMICS Series 2014-80, Class KA |
| 798204 | 2.000 | 03/25/44 | 633747 |

---

------

THE BOND FUND

*January 31, 2026 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Mortgage-Backed Obligations** – **(continued)** | **Mortgage-Backed Obligations** – **(continued)** | **Mortgage-Backed Obligations** – **(continued)** | **Mortgage-Backed Obligations** – **(continued)** |
| **Collateralized Mortgage Obligations** – **(continued)** | **Collateralized Mortgage Obligations** – **(continued)** | **Collateralized Mortgage Obligations** – **(continued)** | **Collateralized Mortgage Obligations** – **(continued)** |
| Federal National Mortgage Association REMICS Series 2015-2, Class PA | Federal National Mortgage Association REMICS Series 2015-2, Class PA | Federal National Mortgage Association REMICS Series 2015-2, Class PA | Federal National Mortgage Association REMICS Series 2015-2, Class PA |
| $541359 | 2.250% | 03/25/44 | $523085 |
| Federal National Mortgage Association REMICS Series 2015-30, Class JA | Federal National Mortgage Association REMICS Series 2015-30, Class JA | Federal National Mortgage Association REMICS Series 2015-30, Class JA | Federal National Mortgage Association REMICS Series 2015-30, Class JA |
| 647781 | 2.000 | 05/25/45 | 577697 |
| Federal National Mortgage Association REMICS Series 2016-16, Class PD | Federal National Mortgage Association REMICS Series 2016-16, Class PD | Federal National Mortgage Association REMICS Series 2016-16, Class PD | Federal National Mortgage Association REMICS Series 2016-16, Class PD |
| 201078 | 3.000 | 12/25/44 | 196966 |
| Federal National Mortgage Association REMICS Series 2022-17, Class JG | Federal National Mortgage Association REMICS Series 2022-17, Class JG | Federal National Mortgage Association REMICS Series 2022-17, Class JG | Federal National Mortgage Association REMICS Series 2022-17, Class JG |
| 5932122 | 3.000 | 12/25/48 | 5613040 |
| Federal National Mortgage Association Trust Series 2003-W6, Class 3A | Federal National Mortgage Association Trust Series 2003-W6, Class 3A | Federal National Mortgage Association Trust Series 2003-W6, Class 3A | Federal National Mortgage Association Trust Series 2003-W6, Class 3A |
| 32016 | 6.500 | 09/25/42 | 33022 |
| Finance of America Structured Securities Trust Series 2022-S4, Class A1A<sup>(a)(c)(f)</sup> | Finance of America Structured Securities Trust Series 2022-S4, Class A1A<sup>(a)(c)(f)</sup> | Finance of America Structured Securities Trust Series 2022-S4, Class A1A<sup>(a)(c)(f)</sup> | Finance of America Structured Securities Trust Series 2022-S4, Class A1A<sup>(a)(c)(f)</sup> |
| 1318995 | 2.500 | 01/25/57 | 1342089 |
| Finance of America Structured Securities Trust Series 2024-S3, Class A1<sup>(a)</sup> | Finance of America Structured Securities Trust Series 2024-S3, Class A1<sup>(a)</sup> | Finance of America Structured Securities Trust Series 2024-S3, Class A1<sup>(a)</sup> | Finance of America Structured Securities Trust Series 2024-S3, Class A1<sup>(a)</sup> |
| 1343767 | 3.500 | 04/25/74 | 1315004 |
| First Horizon Alternative Mortgage Securities Trust Series 2006-RE1, Class A1<sup>(c)(f)</sup> | First Horizon Alternative Mortgage Securities Trust Series 2006-RE1, Class A1<sup>(c)(f)</sup> | First Horizon Alternative Mortgage Securities Trust Series 2006-RE1, Class A1<sup>(c)(f)</sup> | First Horizon Alternative Mortgage Securities Trust Series 2006-RE1, Class A1<sup>(c)(f)</sup> |
| 476474 | 5.500 | 05/25/35 | 286387 |
| Flagstar Mortgage Trust Series 2018-2, Class A4<sup>(a)(c)(f)</sup> | Flagstar Mortgage Trust Series 2018-2, Class A4<sup>(a)(c)(f)</sup> | Flagstar Mortgage Trust Series 2018-2, Class A4<sup>(a)(c)(f)</sup> | Flagstar Mortgage Trust Series 2018-2, Class A4<sup>(a)(c)(f)</sup> |
| 34066 | 3.500 | 04/25/48 | 32911 |
| Flagstar Mortgage Trust Series 2019-1INV, Class A3<sup>(a)(c)(f)</sup> | Flagstar Mortgage Trust Series 2019-1INV, Class A3<sup>(a)(c)(f)</sup> | Flagstar Mortgage Trust Series 2019-1INV, Class A3<sup>(a)(c)(f)</sup> | Flagstar Mortgage Trust Series 2019-1INV, Class A3<sup>(a)(c)(f)</sup> |
| 691336 | 3.500 | 10/25/49 | 628904 |
| Flagstar Mortgage Trust Series 2021-8INV, Class A3<sup>(a)(c)(f)</sup> | Flagstar Mortgage Trust Series 2021-8INV, Class A3<sup>(a)(c)(f)</sup> | Flagstar Mortgage Trust Series 2021-8INV, Class A3<sup>(a)(c)(f)</sup> | Flagstar Mortgage Trust Series 2021-8INV, Class A3<sup>(a)(c)(f)</sup> |
| 2776974 | 2.500 | 09/25/51 | 2332658 |
| GCAT Trust Series 2022-HX1, Class A1<sup>(a)(c)(f)</sup> | GCAT Trust Series 2022-HX1, Class A1<sup>(a)(c)(f)</sup> | GCAT Trust Series 2022-HX1, Class A1<sup>(a)(c)(f)</sup> | GCAT Trust Series 2022-HX1, Class A1<sup>(a)(c)(f)</sup> |
| 4064318 | 2.885 | 12/27/66 | 3808285 |
| Government National Mortgage Association REMICS Series 2015-167, Class KM | Government National Mortgage Association REMICS Series 2015-167, Class KM | Government National Mortgage Association REMICS Series 2015-167, Class KM | Government National Mortgage Association REMICS Series 2015-167, Class KM |
| 70552 | 3.000 | 12/20/43 | 65397 |
| Government National Mortgage Association REMICS Series 2015-94, Class AT | Government National Mortgage Association REMICS Series 2015-94, Class AT | Government National Mortgage Association REMICS Series 2015-94, Class AT | Government National Mortgage Association REMICS Series 2015-94, Class AT |
| 320037 | 2.250 | 07/16/45 | 291173 |
| Government National Mortgage Association REMICS Series 2016-129, Class W | Government National Mortgage Association REMICS Series 2016-129, Class W | Government National Mortgage Association REMICS Series 2016-129, Class W | Government National Mortgage Association REMICS Series 2016-129, Class W |
| 131800 | 2.500 | 07/20/46 | 113709 |
| Government National Mortgage Association REMICS Series 2017-H23, Class MA | Government National Mortgage Association REMICS Series 2017-H23, Class MA | Government National Mortgage Association REMICS Series 2017-H23, Class MA | Government National Mortgage Association REMICS Series 2017-H23, Class MA |
| 831382 | 3.000 | 11/20/67 | 815043 |
| Government National Mortgage Association REMICS Series 2018-37, Class KT | Government National Mortgage Association REMICS Series 2018-37, Class KT | Government National Mortgage Association REMICS Series 2018-37, Class KT | Government National Mortgage Association REMICS Series 2018-37, Class KT |
| 419817 | 3.500 | 03/20/48 | 388973 |
| Government National Mortgage Association REMICS Series 2021-116, Class LG | Government National Mortgage Association REMICS Series 2021-116, Class LG | Government National Mortgage Association REMICS Series 2021-116, Class LG | Government National Mortgage Association REMICS Series 2021-116, Class LG |
| 6473115 | 2.000 | 06/20/51 | 5687265 |
| Government National Mortgage Association REMICS Series 2021-27, Class MT | Government National Mortgage Association REMICS Series 2021-27, Class MT | Government National Mortgage Association REMICS Series 2021-27, Class MT | Government National Mortgage Association REMICS Series 2021-27, Class MT |
| 3327031 | 5.000 | 02/20/51 | 3303138 |
| Government National Mortgage Association REMICS Series 2021-32, Class NC | Government National Mortgage Association REMICS Series 2021-32, Class NC | Government National Mortgage Association REMICS Series 2021-32, Class NC | Government National Mortgage Association REMICS Series 2021-32, Class NC |
| 4076079 | 5.000 | 02/20/51 | 4051339 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Mortgage-Backed Obligations** – **(continued)** | **Mortgage-Backed Obligations** – **(continued)** | **Mortgage-Backed Obligations** – **(continued)** | **Mortgage-Backed Obligations** – **(continued)** |
| **Collateralized Mortgage Obligations** – **(continued)** | **Collateralized Mortgage Obligations** – **(continued)** | **Collateralized Mortgage Obligations** – **(continued)** | **Collateralized Mortgage Obligations** – **(continued)** |
| Government National Mortgage Association REMICS Series 2025-132, Class PJ | Government National Mortgage Association REMICS Series 2025-132, Class PJ | Government National Mortgage Association REMICS Series 2025-132, Class PJ | Government National Mortgage Association REMICS Series 2025-132, Class PJ |
| $1935569 | 4.000% | 01/20/55 | $1893238 |
| Government National Mortgage Association REMICS Series 2025-156, Class V | Government National Mortgage Association REMICS Series 2025-156, Class V | Government National Mortgage Association REMICS Series 2025-156, Class V | Government National Mortgage Association REMICS Series 2025-156, Class V |
| 976526 | 4.500 | 10/20/36 | 981023 |
| Government National Mortgage Association REMICS Series 2025-168, Class AM | Government National Mortgage Association REMICS Series 2025-168, Class AM | Government National Mortgage Association REMICS Series 2025-168, Class AM | Government National Mortgage Association REMICS Series 2025-168, Class AM |
| 1346297 | 4.500 | 04/20/40 | 1309566 |
| GS Mortgage-Backed Securities Trust Series 2021-GR3, Class A2<sup>(a)(c)(f)</sup> | GS Mortgage-Backed Securities Trust Series 2021-GR3, Class A2<sup>(a)(c)(f)</sup> | GS Mortgage-Backed Securities Trust Series 2021-GR3, Class A2<sup>(a)(c)(f)</sup> | GS Mortgage-Backed Securities Trust Series 2021-GR3, Class A2<sup>(a)(c)(f)</sup> |
| 5741142 | 2.500 | 04/25/52 | 4822559 |
| GS Mortgage-Backed Securities Trust Series 2021-MM1, Class A2<sup>(a)(c)(f)</sup> | GS Mortgage-Backed Securities Trust Series 2021-MM1, Class A2<sup>(a)(c)(f)</sup> | GS Mortgage-Backed Securities Trust Series 2021-MM1, Class A2<sup>(a)(c)(f)</sup> | GS Mortgage-Backed Securities Trust Series 2021-MM1, Class A2<sup>(a)(c)(f)</sup> |
| 8609938 | 2.500 | 04/25/52 | 7232348 |
| GSR Mortgage Loan Trust Series 2004-12, Class 1A1<sup>(c)</sup><br>(1 mo. USD Term SOFR + 0.454%) | GSR Mortgage Loan Trust Series 2004-12, Class 1A1<sup>(c)</sup><br>(1 mo. USD Term SOFR + 0.454%) | GSR Mortgage Loan Trust Series 2004-12, Class 1A1<sup>(c)</sup><br>(1 mo. USD Term SOFR + 0.454%) | GSR Mortgage Loan Trust Series 2004-12, Class 1A1<sup>(c)</sup><br>(1 mo. USD Term SOFR + 0.454%) |
| 145297 | 4.127 | 12/25/34 | 141640 |
| GSR Mortgage Loan Trust Series 2004-7, Class 1A1<sup>(c)(f)</sup> | GSR Mortgage Loan Trust Series 2004-7, Class 1A1<sup>(c)(f)</sup> | GSR Mortgage Loan Trust Series 2004-7, Class 1A1<sup>(c)(f)</sup> | GSR Mortgage Loan Trust Series 2004-7, Class 1A1<sup>(c)(f)</sup> |
| 30494 | 4.404 | 06/25/34 | 29457 |
| Impac CMB Trust Series 2003-2F, Class A<sup>(g)</sup> | Impac CMB Trust Series 2003-2F, Class A<sup>(g)</sup> | Impac CMB Trust Series 2003-2F, Class A<sup>(g)</sup> | Impac CMB Trust Series 2003-2F, Class A<sup>(g)</sup> |
| 28820 | 5.730 | 01/25/33 | 29113 |
| Impac CMB Trust Series 2004-4, Class 1A1<sup>(c)</sup>(1 mo. USD Term SOFR + 0.754%) | Impac CMB Trust Series 2004-4, Class 1A1<sup>(c)</sup>(1 mo. USD Term SOFR + 0.754%) | Impac CMB Trust Series 2004-4, Class 1A1<sup>(c)</sup>(1 mo. USD Term SOFR + 0.754%) | Impac CMB Trust Series 2004-4, Class 1A1<sup>(c)</sup>(1 mo. USD Term SOFR + 0.754%) |
| 2759 | 4.427 | 09/25/34 | 2756 |
| Impac CMB Trust Series 2004-4, Class 2A2<sup>(g)</sup> | Impac CMB Trust Series 2004-4, Class 2A2<sup>(g)</sup> | Impac CMB Trust Series 2004-4, Class 2A2<sup>(g)</sup> | Impac CMB Trust Series 2004-4, Class 2A2<sup>(g)</sup> |
| 710571 | 5.233 | 09/25/34 | 821356 |
| Imperial Fund Mortgage Trust Series 2022-NQM1, Class A1<sup>(a)(c)(f)</sup> | Imperial Fund Mortgage Trust Series 2022-NQM1, Class A1<sup>(a)(c)(f)</sup> | Imperial Fund Mortgage Trust Series 2022-NQM1, Class A1<sup>(a)(c)(f)</sup> | Imperial Fund Mortgage Trust Series 2022-NQM1, Class A1<sup>(a)(c)(f)</sup> |
| 2183066 | 2.493 | 02/25/67 | 2018421 |
| JP Morgan Mortgage Trust Series 2021-14, Class A3<sup>(a)(c)(f)</sup> | JP Morgan Mortgage Trust Series 2021-14, Class A3<sup>(a)(c)(f)</sup> | JP Morgan Mortgage Trust Series 2021-14, Class A3<sup>(a)(c)(f)</sup> | JP Morgan Mortgage Trust Series 2021-14, Class A3<sup>(a)(c)(f)</sup> |
| 8702164 | 2.500 | 05/25/52 | 7309818 |
| JP Morgan Mortgage Trust Series 2023-6, Class A2<sup>(a)(c)(f)</sup> | JP Morgan Mortgage Trust Series 2023-6, Class A2<sup>(a)(c)(f)</sup> | JP Morgan Mortgage Trust Series 2023-6, Class A2<sup>(a)(c)(f)</sup> | JP Morgan Mortgage Trust Series 2023-6, Class A2<sup>(a)(c)(f)</sup> |
| 3094833 | 6.000 | 12/26/53 | 3138830 |
| JPMorgan Mortgage Trust Series 2007-A2, Class 4A2<sup>(c)(f)</sup> | JPMorgan Mortgage Trust Series 2007-A2, Class 4A2<sup>(c)(f)</sup> | JPMorgan Mortgage Trust Series 2007-A2, Class 4A2<sup>(c)(f)</sup> | JPMorgan Mortgage Trust Series 2007-A2, Class 4A2<sup>(c)(f)</sup> |
| 87017 | 4.660 | 04/25/37 | 71307 |
| JPMorgan Mortgage Trust Series 2013-3, Class A3<sup>(a)(c)(f)</sup> | JPMorgan Mortgage Trust Series 2013-3, Class A3<sup>(a)(c)(f)</sup> | JPMorgan Mortgage Trust Series 2013-3, Class A3<sup>(a)(c)(f)</sup> | JPMorgan Mortgage Trust Series 2013-3, Class A3<sup>(a)(c)(f)</sup> |
| 305053 | 3.359 | 07/25/43 | 290038 |
| JPMorgan Mortgage Trust Series 2014-2, Class 1A1<sup>(a)(c)(f)</sup> | JPMorgan Mortgage Trust Series 2014-2, Class 1A1<sup>(a)(c)(f)</sup> | JPMorgan Mortgage Trust Series 2014-2, Class 1A1<sup>(a)(c)(f)</sup> | JPMorgan Mortgage Trust Series 2014-2, Class 1A1<sup>(a)(c)(f)</sup> |
| 102342 | 3.000 | 06/25/29 | 101386 |
| JPMorgan Mortgage Trust Series 2017-3, Class 1A3<sup>(a)(c)(f)</sup> | JPMorgan Mortgage Trust Series 2017-3, Class 1A3<sup>(a)(c)(f)</sup> | JPMorgan Mortgage Trust Series 2017-3, Class 1A3<sup>(a)(c)(f)</sup> | JPMorgan Mortgage Trust Series 2017-3, Class 1A3<sup>(a)(c)(f)</sup> |
| 753775 | 3.500 | 08/25/47 | 694046 |
| JPMorgan Mortgage Trust Series 2017-4, Class A3<sup>(a)(c)(f)</sup> | JPMorgan Mortgage Trust Series 2017-4, Class A3<sup>(a)(c)(f)</sup> | JPMorgan Mortgage Trust Series 2017-4, Class A3<sup>(a)(c)(f)</sup> | JPMorgan Mortgage Trust Series 2017-4, Class A3<sup>(a)(c)(f)</sup> |
| 66087 | 3.500 | 11/25/48 | 60614 |
| JPMorgan Mortgage Trust Series 2017-6, Class A3<sup>(a)(c)(f)</sup> | JPMorgan Mortgage Trust Series 2017-6, Class A3<sup>(a)(c)(f)</sup> | JPMorgan Mortgage Trust Series 2017-6, Class A3<sup>(a)(c)(f)</sup> | JPMorgan Mortgage Trust Series 2017-6, Class A3<sup>(a)(c)(f)</sup> |
| 335229 | 3.500 | 12/25/48 | 306820 |
| JPMorgan Mortgage Trust Series 2021-10, Class A3<sup>(a)(c)(f)</sup> | JPMorgan Mortgage Trust Series 2021-10, Class A3<sup>(a)(c)(f)</sup> | JPMorgan Mortgage Trust Series 2021-10, Class A3<sup>(a)(c)(f)</sup> | JPMorgan Mortgage Trust Series 2021-10, Class A3<sup>(a)(c)(f)</sup> |
| 2216460 | 2.500 | 12/25/51 | 1864652 |
| JPMorgan Mortgage Trust Series 2021-7, Class A4<sup>(a)(c)(f)</sup> | JPMorgan Mortgage Trust Series 2021-7, Class A4<sup>(a)(c)(f)</sup> | JPMorgan Mortgage Trust Series 2021-7, Class A4<sup>(a)(c)(f)</sup> | JPMorgan Mortgage Trust Series 2021-7, Class A4<sup>(a)(c)(f)</sup> |
| 2999301 | 2.500 | 11/25/51 | 2723349 |
| LHOME Mortgage Trust Series 2023-RTL4, Class A1<sup>(a)(g)</sup> | LHOME Mortgage Trust Series 2023-RTL4, Class A1<sup>(a)(g)</sup> | LHOME Mortgage Trust Series 2023-RTL4, Class A1<sup>(a)(g)</sup> | LHOME Mortgage Trust Series 2023-RTL4, Class A1<sup>(a)(g)</sup> |
| 1728787 | 7.628 | 11/25/28 | 1731085 |
| MASTR Adjustable Rate Mortgages Trust Series 2003-2, Class 6A1<sup>(c)(f)</sup> | MASTR Adjustable Rate Mortgages Trust Series 2003-2, Class 6A1<sup>(c)(f)</sup> | MASTR Adjustable Rate Mortgages Trust Series 2003-2, Class 6A1<sup>(c)(f)</sup> | MASTR Adjustable Rate Mortgages Trust Series 2003-2, Class 6A1<sup>(c)(f)</sup> |
| 5474 | 5.607 | 07/25/33 | 5387 |
| MASTR Alternative Loan Trust Series 2004-4, Class 1A1 | MASTR Alternative Loan Trust Series 2004-4, Class 1A1 | MASTR Alternative Loan Trust Series 2004-4, Class 1A1 | MASTR Alternative Loan Trust Series 2004-4, Class 1A1 |
| 25544 | 5.500 | 05/25/34 | 25196 |
| MASTR Alternative Loan Trust Series 2004-4, Class 8A1 | MASTR Alternative Loan Trust Series 2004-4, Class 8A1 | MASTR Alternative Loan Trust Series 2004-4, Class 8A1 | MASTR Alternative Loan Trust Series 2004-4, Class 8A1 |
| 238065 | 6.500 | 05/25/34 | 243554 |

---

------

THE BOND FUND

*January 31, 2026 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity**<br> **Date** | **Value** |
| **Mortgage-Backed Obligations – (continued)** | **Mortgage-Backed Obligations – (continued)** | **Mortgage-Backed Obligations – (continued)** | **Mortgage-Backed Obligations – (continued)** |
| **Collateralized Mortgage Obligations – (continued)** | **Collateralized Mortgage Obligations – (continued)** | **Collateralized Mortgage Obligations – (continued)** | **Collateralized Mortgage Obligations – (continued)** |
| Morgan Stanley Dean Witter Capital I, Inc. Trust Series 2003-HYB1, Class A3<sup>(c)(f)</sup> | Morgan Stanley Dean Witter Capital I, Inc. Trust Series 2003-HYB1, Class A3<sup>(c)(f)</sup> | Morgan Stanley Dean Witter Capital I, Inc. Trust Series 2003-HYB1, Class A3<sup>(c)(f)</sup> | Morgan Stanley Dean Witter Capital I, Inc. Trust Series 2003-HYB1, Class A3<sup>(c)(f)</sup> |
| $32032 | 4.981% | 03/25/33 | $28709 |
| Morgan Stanley Mortgage Loan Trust Series 2005-7,<br>Class 2A1<sup>(c)(f)</sup> | Morgan Stanley Mortgage Loan Trust Series 2005-7,<br>Class 2A1<sup>(c)(f)</sup> | Morgan Stanley Mortgage Loan Trust Series 2005-7,<br>Class 2A1<sup>(c)(f)</sup> | Morgan Stanley Mortgage Loan Trust Series 2005-7,<br>Class 2A1<sup>(c)(f)</sup> |
| 237376 | 4.484 | 11/25/35 | 95170 |
| Morgan Stanley Mortgage Loan Trust Series 2007-12, Class 3A22 | Morgan Stanley Mortgage Loan Trust Series 2007-12, Class 3A22 | Morgan Stanley Mortgage Loan Trust Series 2007-12, Class 3A22 | Morgan Stanley Mortgage Loan Trust Series 2007-12, Class 3A22 |
| 479764 | 6.000 | 08/25/37 | 149050 |
| New Residential Mortgage Loan Trust Series 2017-6A, Class A1<sup>(a)(c)(f)</sup> | New Residential Mortgage Loan Trust Series 2017-6A, Class A1<sup>(a)(c)(f)</sup> | New Residential Mortgage Loan Trust Series 2017-6A, Class A1<sup>(a)(c)(f)</sup> | New Residential Mortgage Loan Trust Series 2017-6A, Class A1<sup>(a)(c)(f)</sup> |
| 1352565 | 4.000 | 08/27/57 | 1326172 |
| New Residential Mortgage Loan Trust Series 2021-INV1, Class A2<sup>(a)(c)(f)</sup> | New Residential Mortgage Loan Trust Series 2021-INV1, Class A2<sup>(a)(c)(f)</sup> | New Residential Mortgage Loan Trust Series 2021-INV1, Class A2<sup>(a)(c)(f)</sup> | New Residential Mortgage Loan Trust Series 2021-INV1, Class A2<sup>(a)(c)(f)</sup> |
| 3654351 | 2.500 | 06/25/51 | 3069655 |
| OBX Trust Series 2019-INV2, Class A5<sup>(a)(c)(f)</sup> | OBX Trust Series 2019-INV2, Class A5<sup>(a)(c)(f)</sup> | OBX Trust Series 2019-INV2, Class A5<sup>(a)(c)(f)</sup> | OBX Trust Series 2019-INV2, Class A5<sup>(a)(c)(f)</sup> |
| 96839 | 4.000 | 05/27/49 | 91286 |
| OBX Trust Series 2024-NQM10, Class A1<sup>(a)(g)</sup> | OBX Trust Series 2024-NQM10, Class A1<sup>(a)(g)</sup> | OBX Trust Series 2024-NQM10, Class A1<sup>(a)(g)</sup> | OBX Trust Series 2024-NQM10, Class A1<sup>(a)(g)</sup> |
| 1215744 | 6.180 | 05/25/64 | 1233866 |
| Oceanview Mortgage Trust Series 2021-3, Class A4<sup>(a)(c)(f)</sup> | Oceanview Mortgage Trust Series 2021-3, Class A4<sup>(a)(c)(f)</sup> | Oceanview Mortgage Trust Series 2021-3, Class A4<sup>(a)(c)(f)</sup> | Oceanview Mortgage Trust Series 2021-3, Class A4<sup>(a)(c)(f)</sup> |
| 3229968 | 2.500 | 06/25/51 | 2923835 |
| Provident Funding Mortgage Trust Series 2025-1, Class A3<sup>(a)(c)(f)</sup> | Provident Funding Mortgage Trust Series 2025-1, Class A3<sup>(a)(c)(f)</sup> | Provident Funding Mortgage Trust Series 2025-1, Class A3<sup>(a)(c)(f)</sup> | Provident Funding Mortgage Trust Series 2025-1, Class A3<sup>(a)(c)(f)</sup> |
| 2242422 | 5.500 | 02/25/55 | 2256625 |
| RALI Trust Series 2005-QS11, Class A2<sup>(c)</sup><br>(1 mo. USD Term SOFR + 0.614%) | RALI Trust Series 2005-QS11, Class A2<sup>(c)</sup><br>(1 mo. USD Term SOFR + 0.614%) | RALI Trust Series 2005-QS11, Class A2<sup>(c)</sup><br>(1 mo. USD Term SOFR + 0.614%) | RALI Trust Series 2005-QS11, Class A2<sup>(c)</sup><br>(1 mo. USD Term SOFR + 0.614%) |
| 76896 | 4.287 | 07/25/35 | 60090 |
| Rate Mortgage Trust Series 2021-J1, Class A7<sup>(a)(c)(f)</sup> | Rate Mortgage Trust Series 2021-J1, Class A7<sup>(a)(c)(f)</sup> | Rate Mortgage Trust Series 2021-J1, Class A7<sup>(a)(c)(f)</sup> | Rate Mortgage Trust Series 2021-J1, Class A7<sup>(a)(c)(f)</sup> |
| 3390887 | 2.500 | 07/25/51 | 3059824 |
| RBSGC Mortgage Loan Trust Series 2007-B, Class 2A1<sup>(c)(f)</sup> | RBSGC Mortgage Loan Trust Series 2007-B, Class 2A1<sup>(c)(f)</sup> | RBSGC Mortgage Loan Trust Series 2007-B, Class 2A1<sup>(c)(f)</sup> | RBSGC Mortgage Loan Trust Series 2007-B, Class 2A1<sup>(c)(f)</sup> |
| 165061 | 4.047 | 01/25/37 | 101248 |
| RBSGC Mortgage Loan Trust Series 2007-B, Class 3A1<sup>(c)(f)</sup> | RBSGC Mortgage Loan Trust Series 2007-B, Class 3A1<sup>(c)(f)</sup> | RBSGC Mortgage Loan Trust Series 2007-B, Class 3A1<sup>(c)(f)</sup> | RBSGC Mortgage Loan Trust Series 2007-B, Class 3A1<sup>(c)(f)</sup> |
| 2584 | 5.623 | 01/25/37 | 2597 |
| RFMSI Trust Series 2005-S7, Class A5 | RFMSI Trust Series 2005-S7, Class A5 | RFMSI Trust Series 2005-S7, Class A5 | RFMSI Trust Series 2005-S7, Class A5 |
| 32056 | 5.500 | 11/25/35 | 24784 |
| Seasoned Loans Structured Transaction Series 2018-1, Class A2 | Seasoned Loans Structured Transaction Series 2018-1, Class A2 | Seasoned Loans Structured Transaction Series 2018-1, Class A2 | Seasoned Loans Structured Transaction Series 2018-1, Class A2 |
| 1245000 | 3.500 | 06/25/28 | 1222856 |
| Sequoia Mortgage Trust Series 2004-10, Class A1A<sup>(c)</sup>(1 mo. USD Term SOFR + 0.734%) | Sequoia Mortgage Trust Series 2004-10, Class A1A<sup>(c)</sup>(1 mo. USD Term SOFR + 0.734%) | Sequoia Mortgage Trust Series 2004-10, Class A1A<sup>(c)</sup>(1 mo. USD Term SOFR + 0.734%) | Sequoia Mortgage Trust Series 2004-10, Class A1A<sup>(c)</sup>(1 mo. USD Term SOFR + 0.734%) |
| 95042 | 4.410 | 11/20/34 | 90787 |
| Sequoia Mortgage Trust Series 2013-2, Class A<sup>(c)(f)</sup> | Sequoia Mortgage Trust Series 2013-2, Class A<sup>(c)(f)</sup> | Sequoia Mortgage Trust Series 2013-2, Class A<sup>(c)(f)</sup> | Sequoia Mortgage Trust Series 2013-2, Class A<sup>(c)(f)</sup> |
| 347340 | 1.874 | 02/25/43 | 304021 |
| Sequoia Mortgage Trust Series 2013-6, Class A1<sup>(c)(f)</sup> | Sequoia Mortgage Trust Series 2013-6, Class A1<sup>(c)(f)</sup> | Sequoia Mortgage Trust Series 2013-6, Class A1<sup>(c)(f)</sup> | Sequoia Mortgage Trust Series 2013-6, Class A1<sup>(c)(f)</sup> |
| 771117 | 2.500 | 05/25/43 | 692710 |
| Sequoia Mortgage Trust Series 2015-4, Class A1<sup>(a)(c)(f)</sup> | Sequoia Mortgage Trust Series 2015-4, Class A1<sup>(a)(c)(f)</sup> | Sequoia Mortgage Trust Series 2015-4, Class A1<sup>(a)(c)(f)</sup> | Sequoia Mortgage Trust Series 2015-4, Class A1<sup>(a)(c)(f)</sup> |
| 163777 | 3.000 | 11/25/30 | 161153 |
| Sequoia Mortgage Trust Series 2016-3, Class A1<sup>(a)(c)(f)</sup> | Sequoia Mortgage Trust Series 2016-3, Class A1<sup>(a)(c)(f)</sup> | Sequoia Mortgage Trust Series 2016-3, Class A1<sup>(a)(c)(f)</sup> | Sequoia Mortgage Trust Series 2016-3, Class A1<sup>(a)(c)(f)</sup> |
| 386276 | 3.500 | 11/25/46 | 358535 |
| Sequoia Mortgage Trust Series 2017-5, Class A1<sup>(a)(c)(f)</sup> | Sequoia Mortgage Trust Series 2017-5, Class A1<sup>(a)(c)(f)</sup> | Sequoia Mortgage Trust Series 2017-5, Class A1<sup>(a)(c)(f)</sup> | Sequoia Mortgage Trust Series 2017-5, Class A1<sup>(a)(c)(f)</sup> |
| 355249 | 3.500 | 08/25/47 | 326046 |
| Sequoia Mortgage Trust Series 2017-6, Class A1<sup>(a)(c)(f)</sup> | Sequoia Mortgage Trust Series 2017-6, Class A1<sup>(a)(c)(f)</sup> | Sequoia Mortgage Trust Series 2017-6, Class A1<sup>(a)(c)(f)</sup> | Sequoia Mortgage Trust Series 2017-6, Class A1<sup>(a)(c)(f)</sup> |
| 858020 | 3.500 | 09/25/47 | 791167 |
| Sequoia Mortgage Trust Series 2018-2, Class A1<sup>(a)(c)(f)</sup> | Sequoia Mortgage Trust Series 2018-2, Class A1<sup>(a)(c)(f)</sup> | Sequoia Mortgage Trust Series 2018-2, Class A1<sup>(a)(c)(f)</sup> | Sequoia Mortgage Trust Series 2018-2, Class A1<sup>(a)(c)(f)</sup> |
| 301848 | 3.500 | 02/25/48 | 275663 |
| Sequoia Mortgage Trust Series 2025-3, Class A1<sup>(a)(c)(f)</sup> | Sequoia Mortgage Trust Series 2025-3, Class A1<sup>(a)(c)(f)</sup> | Sequoia Mortgage Trust Series 2025-3, Class A1<sup>(a)(c)(f)</sup> | Sequoia Mortgage Trust Series 2025-3, Class A1<sup>(a)(c)(f)</sup> |
| 3431384 | 6.000 | 04/25/55 | 3482223 |
| Shellpoint Co-Originator Trust Series 2017-2, Class A1<sup>(a)(c)(f)</sup> | Shellpoint Co-Originator Trust Series 2017-2, Class A1<sup>(a)(c)(f)</sup> | Shellpoint Co-Originator Trust Series 2017-2, Class A1<sup>(a)(c)(f)</sup> | Shellpoint Co-Originator Trust Series 2017-2, Class A1<sup>(a)(c)(f)</sup> |
| 434430 | 3.500 | 10/25/47 | 403559 |
| Structured Adjustable Rate Mortgage Loan Trust Series 2004-14, Class 1A<sup>(c)(f)</sup> | Structured Adjustable Rate Mortgage Loan Trust Series 2004-14, Class 1A<sup>(c)(f)</sup> | Structured Adjustable Rate Mortgage Loan Trust Series 2004-14, Class 1A<sup>(c)(f)</sup> | Structured Adjustable Rate Mortgage Loan Trust Series 2004-14, Class 1A<sup>(c)(f)</sup> |
| 47819 | 5.230 | 10/25/34 | 45769 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity**<br> **Date** | **Value** |
| **Mortgage-Backed Obligations – (continued)** | **Mortgage-Backed Obligations – (continued)** | **Mortgage-Backed Obligations – (continued)** | **Mortgage-Backed Obligations – (continued)** |
| **Collateralized Mortgage Obligations – (continued)** | **Collateralized Mortgage Obligations – (continued)** | **Collateralized Mortgage Obligations – (continued)** | **Collateralized Mortgage Obligations – (continued)** |
| Structured Adjustable Rate Mortgage Loan Trust Series 2004-4, Class 3A4<sup>(c)(f)</sup> | Structured Adjustable Rate Mortgage Loan Trust Series 2004-4, Class 3A4<sup>(c)(f)</sup> | Structured Adjustable Rate Mortgage Loan Trust Series 2004-4, Class 3A4<sup>(c)(f)</sup> | Structured Adjustable Rate Mortgage Loan Trust Series 2004-4, Class 3A4<sup>(c)(f)</sup> |
| $2147 | 6.050% | 04/25/34 | $2130 |
| Structured Asset Securities Corp. Mortgage Pass-Through Certificates Series 2003-34A, Class 3A3<sup>(c)(f)</sup> | Structured Asset Securities Corp. Mortgage Pass-Through Certificates Series 2003-34A, Class 3A3<sup>(c)(f)</sup> | Structured Asset Securities Corp. Mortgage Pass-Through Certificates Series 2003-34A, Class 3A3<sup>(c)(f)</sup> | Structured Asset Securities Corp. Mortgage Pass-Through Certificates Series 2003-34A, Class 3A3<sup>(c)(f)</sup> |
| 45458 | 5.541 | 11/25/33 | 45185 |
| Structured Asset Securities Corp. Mortgage Pass-Through Certificates Series 2003-34A, Class 6A<sup>(c)(f)</sup> | Structured Asset Securities Corp. Mortgage Pass-Through Certificates Series 2003-34A, Class 6A<sup>(c)(f)</sup> | Structured Asset Securities Corp. Mortgage Pass-Through Certificates Series 2003-34A, Class 6A<sup>(c)(f)</sup> | Structured Asset Securities Corp. Mortgage Pass-Through Certificates Series 2003-34A, Class 6A<sup>(c)(f)</sup> |
| 38856 | 6.577 | 11/25/33 | 39368 |
| UWM Mortgage Trust Series 2021-INV4, Class A3<sup>(a)(c)(f)</sup> | UWM Mortgage Trust Series 2021-INV4, Class A3<sup>(a)(c)(f)</sup> | UWM Mortgage Trust Series 2021-INV4, Class A3<sup>(a)(c)(f)</sup> | UWM Mortgage Trust Series 2021-INV4, Class A3<sup>(a)(c)(f)</sup> |
| 9077520 | 2.500 | 12/25/51 | 7613770 |
| Wells Fargo Mortgage Backed Securities Trust Series 2021-2, Class A1<sup>(a)(c)(f)</sup> | Wells Fargo Mortgage Backed Securities Trust Series 2021-2, Class A1<sup>(a)(c)(f)</sup> | Wells Fargo Mortgage Backed Securities Trust Series 2021-2, Class A1<sup>(a)(c)(f)</sup> | Wells Fargo Mortgage Backed Securities Trust Series 2021-2, Class A1<sup>(a)(c)(f)</sup> |
| 260088 | 2.500 | 06/25/51 | 218961 |
| WinWater Mortgage Loan Trust Series 2015-5, Class A3<sup>(a)(c)(f)</sup> | WinWater Mortgage Loan Trust Series 2015-5, Class A3<sup>(a)(c)(f)</sup> | WinWater Mortgage Loan Trust Series 2015-5, Class A3<sup>(a)(c)(f)</sup> | WinWater Mortgage Loan Trust Series 2015-5, Class A3<sup>(a)(c)(f)</sup> |
| 835702 | 3.500 | 08/20/45 | 780144 |
| WinWater Mortgage Loan Trust Series 2016-1, Class 1A5<sup>(a)(c)(f)</sup> | WinWater Mortgage Loan Trust Series 2016-1, Class 1A5<sup>(a)(c)(f)</sup> | WinWater Mortgage Loan Trust Series 2016-1, Class 1A5<sup>(a)(c)(f)</sup> | WinWater Mortgage Loan Trust Series 2016-1, Class 1A5<sup>(a)(c)(f)</sup> |
| 561966 | 3.500 | 01/20/46 | 522089 |
| **TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS<br>(Cost $154,854,409)** | **TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS<br>(Cost $154,854,409)** | **TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS<br>(Cost $154,854,409)** | $140945396 |
| **Commercial Mortgage Obligations – 0.4%** | **Commercial Mortgage Obligations – 0.4%** | **Commercial Mortgage Obligations – 0.4%** | **Commercial Mortgage Obligations – 0.4%** |
| Government National Mortgage Association REMICS Series 2013-68, Class B<sup>(c)(f)</sup> | Government National Mortgage Association REMICS Series 2013-68, Class B<sup>(c)(f)</sup> | Government National Mortgage Association REMICS Series 2013-68, Class B<sup>(c)(f)</sup> | Government National Mortgage Association REMICS Series 2013-68, Class B<sup>(c)(f)</sup> |
| 209690 | 2.500 | 08/16/43 | 205550 |
| Legends Outlets Kansas City KS Mortgage Secured Pass-Through Trust Series 2024-LGND, Class A<sup>(a)(g)</sup> | Legends Outlets Kansas City KS Mortgage Secured Pass-Through Trust Series 2024-LGND, Class A<sup>(a)(g)</sup> | Legends Outlets Kansas City KS Mortgage Secured Pass-Through Trust Series 2024-LGND, Class A<sup>(a)(g)</sup> | Legends Outlets Kansas City KS Mortgage Secured Pass-Through Trust Series 2024-LGND, Class A<sup>(a)(g)</sup> |
| 2000000 | 6.247 | 11/05/39 | 2010098 |
| Reunion Resort Orlando FL Mortgage Secured Pass-Through Trust Series 2024-RSRT, Class A<sup>(a)</sup> | Reunion Resort Orlando FL Mortgage Secured Pass-Through Trust Series 2024-RSRT, Class A<sup>(a)</sup> | Reunion Resort Orlando FL Mortgage Secured Pass-Through Trust Series 2024-RSRT, Class A<sup>(a)</sup> | Reunion Resort Orlando FL Mortgage Secured Pass-Through Trust Series 2024-RSRT, Class A<sup>(a)</sup> |
| 3000000 | 6.972 | 03/15/29 | 3059292 |
| **TOTAL COMMERCIAL MORTGAGE OBLIGATIONS<br>(Cost $5,187,999)** | **TOTAL COMMERCIAL MORTGAGE OBLIGATIONS<br>(Cost $5,187,999)** | **TOTAL COMMERCIAL MORTGAGE OBLIGATIONS<br>(Cost $5,187,999)** | $5274940 |
| **Federal Agencies – 14.8%** | **Federal Agencies – 14.8%** | **Federal Agencies – 14.8%** | **Federal Agencies – 14.8%** |
| Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. |
| 1309 | 7.000 | 05/01/26 | 1369 |
| 3423 | 7.500 | 12/01/30 | 3561 |
| 7031 | 7.500 | 01/01/31 | 7285 |
| 18170 | 7.000 | 08/01/31 | 19001 |
| 211689 | 5.000 | 05/01/33 | 214673 |
| (1 yr. CMT + 2.229%), | (1 yr. CMT + 2.229%), | (1 yr. CMT + 2.229%), | (1 yr. CMT + 2.229%), |
| 21675 | 6.465 <sup>(c)</sup> | 05/01/34 | 22325 |
| (RFUCC 1 yr. Treasury + 1.783%), | (RFUCC 1 yr. Treasury + 1.783%), | (RFUCC 1 yr. Treasury + 1.783%), | (RFUCC 1 yr. Treasury + 1.783%), |
| 32147 | 6.213 <sup>(c)</sup> | 01/01/36 | 33036 |
| 327401 | 4.000 | 06/01/42 | 321545 |
| 322213 | 3.000 | 06/01/45 | 289343 |
| (RFUCC 1 yr. Treasury + 1.600%), | (RFUCC 1 yr. Treasury + 1.600%), | (RFUCC 1 yr. Treasury + 1.600%), | (RFUCC 1 yr. Treasury + 1.600%), |
| 460933 | 6.279 <sup>(c)</sup> | 07/01/45 | 477927 |
| Federal National Mortgage Association | Federal National Mortgage Association | Federal National Mortgage Association | Federal National Mortgage Association |
| 101423 | 2.500 | 05/01/28 | 99994 |
| (RFUCC 6 mo. Treasury + 1.413%), | (RFUCC 6 mo. Treasury + 1.413%), | (RFUCC 6 mo. Treasury + 1.413%), | (RFUCC 6 mo. Treasury + 1.413%), |
| 9333 | 6.163 <sup>(c)</sup> | 02/01/33 | 9438 |
| (RFUCC 1 yr. Treasury + 1.760%), | (RFUCC 1 yr. Treasury + 1.760%), | (RFUCC 1 yr. Treasury + 1.760%), | (RFUCC 1 yr. Treasury + 1.760%), |
| 5557 | 6.760 <sup>(c)</sup> | 02/01/35 | 5706 |
| (RFUCC 1 yr. Treasury + 1.599%), | (RFUCC 1 yr. Treasury + 1.599%), | (RFUCC 1 yr. Treasury + 1.599%), | (RFUCC 1 yr. Treasury + 1.599%), |
| 36097 | 5.990 <sup>(c)</sup> | 12/01/45 | 37382 |
| 117759 | 4.500 | 01/01/48 | 113511 |
| 727417 | 2.500 | 06/01/51 | 603591 |

---

------

THE BOND FUND

*January 31, 2026 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity**<br> **Date** | **Value** |
| **Mortgage-Backed Obligations – (continued)** | **Mortgage-Backed Obligations – (continued)** | **Mortgage-Backed Obligations – (continued)** | **Mortgage-Backed Obligations – (continued)** |
| **Federal Agencies – (continued)** | **Federal Agencies – (continued)** | **Federal Agencies – (continued)** | **Federal Agencies – (continued)** |
| Government National Mortgage Association | Government National Mortgage Association | Government National Mortgage Association | Government National Mortgage Association |
| $611 | 7.500% | 07/20/26 | $612 |
| 3980 | 6.500 | 04/15/31 | 4127 |
| 30416 | 6.500 | 05/15/31 | 30883 |
| 354911 | 2.500 | 06/20/31 | 345696 |
| 2133388 | 5.000 | 08/20/40 | 2154889 |
| 4297488 | 5.000 | 07/20/52 | 4294526 |
| (1 yr. CMT + 1.500%), | (1 yr. CMT + 1.500%), | (1 yr. CMT + 1.500%), | (1 yr. CMT + 1.500%), |
| 4953029 | 5.000 <sup>(c)</sup> | 10/20/55 | 5022789 |
| Uniform Mortgage-Backed Security | Uniform Mortgage-Backed Security | Uniform Mortgage-Backed Security | Uniform Mortgage-Backed Security |
| 2256 | 6.500 | 10/01/28 | 2333 |
| 4940 | 7.500 | 09/01/29 | 4964 |
| 13956 | 7.000 | 03/01/31 | 14580 |
| 4473 | 7.000 | 11/01/31 | 4673 |
| 9135 | 7.000 | 01/01/32 | 9543 |
| 17843 | 6.000 | 12/01/32 | 18579 |
| 601508 | 3.500 | 08/01/35 | 587044 |
| 8448577 | 2.000 | 08/01/42 | 7383965 |
| 6136944 | 5.000 | 04/01/43 | 6257680 |
| 1459636 | 5.000 | 05/01/43 | 1488353 |
| 6445140 | 5.000 | 06/01/43 | 6585795 |
| 343047 | 5.000 | 08/01/48 | 355363 |
| 9185969 | 3.000 | 01/01/52 | 8148361 |
| 8932523 | 3.000 | 06/01/52 | 8040321 |
| 1462107 | 4.500 | 06/01/52 | 1439164 |
| 4517447 | 3.000 | 07/01/52 | 4012068 |
| 5160133 | 4.500 | 07/01/52 | 5076505 |
| 3340258 | 3.500 | 08/01/52 | 3117716 |
| 391378 | 4.000 | 08/01/52 | 376045 |
| 4796628 | 5.000 | 08/01/52 | 4805730 |
| 12671600 | 5.000 | 03/01/53 | 12713825 |
| 3814386 | 6.000 | 04/01/53 | 3904479 |
| 12513840 | 4.500 | 07/01/53 | 12307161 |
| 7616459 | 5.500 | 08/01/53 | 7745149 |
| 1717102 | 6.000 | 08/01/53 | 1767326 |
| 3640137 | 5.000 | 10/01/53 | 3650086 |
| 3237390 | 6.000 | 10/01/53 | 3329486 |
| 3987683 | 5.500 | 02/01/54 | 4054026 |
| 812454 | 5.000 | 03/01/54 | 818636 |
| 4307988 | 5.500 | 03/01/54 | 4371913 |
| 4608104 | 5.500 | 05/01/54 | 4677133 |
| 3468123 | 6.000 | 06/01/54 | 3550046 |
| 5541882 | 5.500 | 07/01/54 | 5652938 |
| 5544148 | 5.500 | 03/01/55 | 5623666 |
| 12724335 | 4.500 | 05/01/55 | 12617700 |
| 11030501 | 4.000 | 07/01/55 | 10646909 |
| 9777774 | 5.000 | 10/01/55 | 9835492 |
| 5829622 | 5.000 | 11/01/55 | 5844973 |
| **TOTAL FEDERAL AGENCIES<br>(Cost $182,064,604)** | **TOTAL FEDERAL AGENCIES<br>(Cost $182,064,604)** | **TOTAL FEDERAL AGENCIES<br>(Cost $182,064,604)** | $184952935 |
| **Home Equity<sup>(a)(g)</sup> – 0.2%** | **Home Equity<sup>(a)(g)</sup> – 0.2%** | **Home Equity<sup>(a)(g)</sup> – 0.2%** | **Home Equity<sup>(a)(g)</sup> – 0.2%** |
| RCKT Mortgage Trust Series 2025-CES2, Class A1A | RCKT Mortgage Trust Series 2025-CES2, Class A1A | RCKT Mortgage Trust Series 2025-CES2, Class A1A | RCKT Mortgage Trust Series 2025-CES2, Class A1A |
| 1740270 | 5.503 | 02/25/55 | 1758566 |
| **TOTAL HOME EQUITY<br>(Cost $1,740,264)** | **TOTAL HOME EQUITY<br>(Cost $1,740,264)** | **TOTAL HOME EQUITY<br>(Cost $1,740,264)** |  |
| **TOTAL MORTGAGE-BACKED OBLIGATIONS<br>(Cost $343,847,276)** | **TOTAL MORTGAGE-BACKED OBLIGATIONS<br>(Cost $343,847,276)** | **TOTAL MORTGAGE-BACKED OBLIGATIONS<br>(Cost $343,847,276)** | $332931837 |
| **U.S. Treasury Obligations** – **18.8%** | **U.S. Treasury Obligations** – **18.8%** | **U.S. Treasury Obligations** – **18.8%** | **U.S. Treasury Obligations** – **18.8%** |
| U.S. Treasury Bonds | U.S. Treasury Bonds | U.S. Treasury Bonds | U.S. Treasury Bonds |
| $12000000 | 1.750 | 08/15/41 | $8070469 |
| 10000000 | 2.750 | 08/15/42 | 7699219 |
| 3000000 | 3.125 | 08/15/44 | 2369883 |
| 12750000 | 3.000 | 11/15/44 | 9836924 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity**<br> **Date** | **Value** |
| **U.S. Treasury Obligations — (continued)** | **U.S. Treasury Obligations — (continued)** | **U.S. Treasury Obligations — (continued)** | **U.S. Treasury Obligations — (continued)** |
| U.S. Treasury Bonds (continued) | U.S. Treasury Bonds (continued) | U.S. Treasury Bonds (continued) | U.S. Treasury Bonds (continued) |
| $2125000 | 2.500% | 02/15/45 | $1500781 |
| 5000000 | 2.500 | 02/15/46 | 3473633 |
| 38000000 | 2.750 | 11/15/47 | 26981484 |
| 6000000 | 3.000 | 02/15/48 | 4450781 |
| 22800000 | 3.125 | 05/15/48 | 17255859 |
| 7000000 | 2.250 | 08/15/49 | 4374180 |
| 10000000 | 1.375 | 08/15/50 | 4904297 |
| 4000000 | 1.875 | 11/15/51 | 2202500 |
| U.S. Treasury Inflation-Indexed Bonds | U.S. Treasury Inflation-Indexed Bonds | U.S. Treasury Inflation-Indexed Bonds | U.S. Treasury Inflation-Indexed Bonds |
| 10042410 | 0.750 | 02/15/42 | 7837380 |
| U.S. Treasury Notes | U.S. Treasury Notes | U.S. Treasury Notes | U.S. Treasury Notes |
| 4900000 | 1.500 | 08/15/26 | 4844712 |
| 2000000 | 2.250 | 02/15/27 | 1973514 |
| 6000000 | 4.500 | 05/15/27 | 6071016 |
| 5000000 | 3.875 | 10/15/27 | 5027539 |
| 6380000 | 0.625 | 05/15/30 | 5597952 |
| 1000000 | 3.750 | 06/30/30 | 999726 |
| 7350000 | 3.750 | 08/31/31 | 7300330 |
| 5000000 | 1.375 | 11/15/31 | 4347070 |
| 7000000 | 1.875 | 02/15/32 | 6227266 |
| 15500000 | 2.875 | 05/15/32 | 14564551 |
| 14000000 | 2.750 | 08/15/32 | 13005234 |
| 10000000 | 4.125 | 11/15/32 | 10066797 |
| 14500000 | 3.500 | 02/15/33 | 14025351 |
| 23000000 | 3.375 | 05/15/33 | 22011719 |
| 8000000 | 4.500 | 11/15/33 | 8213750 |
| 9110000 | 4.250 | 05/15/35 | 9129928 |
| **TOTAL U.S. TREASURY OBLIGATIONS<br>(Cost $252,361,810)** | **TOTAL U.S. TREASURY OBLIGATIONS<br>(Cost $252,361,810)** | **TOTAL U.S. TREASURY OBLIGATIONS<br>(Cost $252,361,810)** | $234363845 |
| **Asset-Backed Securities – 10.1%** | **Asset-Backed Securities – 10.1%** | **Asset-Backed Securities – 10.1%** | **Asset-Backed Securities – 10.1%** |
| **Automotive<sup>(a)</sup> – 0.6%** | **Automotive<sup>(a)</sup> – 0.6%** | **Automotive<sup>(a)</sup> – 0.6%** | **Automotive<sup>(a)</sup> – 0.6%** |
| Avis Budget Rental Car Funding AESOP LLC Series 2020-2A, Class A | Avis Budget Rental Car Funding AESOP LLC Series 2020-2A, Class A | Avis Budget Rental Car Funding AESOP LLC Series 2020-2A, Class A | Avis Budget Rental Car Funding AESOP LLC Series 2020-2A, Class A |
| $346666 | 2.020% | 02/20/27 | $346257 |
| Avis Budget Rental Car Funding AESOP LLC Series 2021-1A, Class A | Avis Budget Rental Car Funding AESOP LLC Series 2021-1A, Class A | Avis Budget Rental Car Funding AESOP LLC Series 2021-1A, Class A | Avis Budget Rental Car Funding AESOP LLC Series 2021-1A, Class A |
| 4150000 | 1.380 | 08/20/27 | 4112759 |
| Hertz Vehicle Financing III LP Series 2021-2A, Class A | Hertz Vehicle Financing III LP Series 2021-2A, Class A | Hertz Vehicle Financing III LP Series 2021-2A, Class A | Hertz Vehicle Financing III LP Series 2021-2A, Class A |
| 2800000 | 1.680 | 12/27/27 | 2754894 |
|  |  |  | 7213910 |
| **Home Equity – 0.4%** | **Home Equity – 0.4%** | **Home Equity – 0.4%** | **Home Equity – 0.4%** |
| Accredited Mortgage Loan Trust Series 2004-4, Class A1B<sup>(c)</sup>(1 mo. | Accredited Mortgage Loan Trust Series 2004-4, Class A1B<sup>(c)</sup>(1 mo. | Accredited Mortgage Loan Trust Series 2004-4, Class A1B<sup>(c)</sup>(1 mo. | Accredited Mortgage Loan Trust Series 2004-4, Class A1B<sup>(c)</sup>(1 mo. |
| USD Term SOFR + 0.894%) | USD Term SOFR + 0.894%) | USD Term SOFR + 0.894%) | USD Term SOFR + 0.894%) |
| 3775 | 4.567 | 01/25/35 | 3779 |
| EquiFirst Mortgage Loan Trust Series 2003-2, Class 2A2<sup>(g)</sup> | EquiFirst Mortgage Loan Trust Series 2003-2, Class 2A2<sup>(g)</sup> | EquiFirst Mortgage Loan Trust Series 2003-2, Class 2A2<sup>(g)</sup> | EquiFirst Mortgage Loan Trust Series 2003-2, Class 2A2<sup>(g)</sup> |
| 80651 | 4.250 | 09/25/33 | 77740 |
| FIGRE Trust Series 2023-HE1, Class A<sup>(a)</sup> | FIGRE Trust Series 2023-HE1, Class A<sup>(a)</sup> | FIGRE Trust Series 2023-HE1, Class A<sup>(a)</sup> | FIGRE Trust Series 2023-HE1, Class A<sup>(a)</sup> |
| 1469939 | 5.850 | 03/25/53 | 1494146 |
| FIGRE Trust Series 2025-HE3, Class A<sup>(a)(c)(f)</sup> | FIGRE Trust Series 2025-HE3, Class A<sup>(a)(c)(f)</sup> | FIGRE Trust Series 2025-HE3, Class A<sup>(a)(c)(f)</sup> | FIGRE Trust Series 2025-HE3, Class A<sup>(a)(c)(f)</sup> |
| 1958891 | 5.560 | 05/25/55 | 1995987 |
| Morgan Stanley ABS Capital I, Inc. Trust Series 2005-HE1, Class M1<sup>(c)</sup>(1 mo. USD Term SOFR + 0.789%) | Morgan Stanley ABS Capital I, Inc. Trust Series 2005-HE1, Class M1<sup>(c)</sup>(1 mo. USD Term SOFR + 0.789%) | Morgan Stanley ABS Capital I, Inc. Trust Series 2005-HE1, Class M1<sup>(c)</sup>(1 mo. USD Term SOFR + 0.789%) | Morgan Stanley ABS Capital I, Inc. Trust Series 2005-HE1, Class M1<sup>(c)</sup>(1 mo. USD Term SOFR + 0.789%) |
| 449950 | 4.462 | 12/25/34 | 446685 |
| Renaissance Home Equity Loan Trust Series 2005-3, Class AF4<sup>(g)</sup> | Renaissance Home Equity Loan Trust Series 2005-3, Class AF4<sup>(g)</sup> | Renaissance Home Equity Loan Trust Series 2005-3, Class AF4<sup>(g)</sup> | Renaissance Home Equity Loan Trust Series 2005-3, Class AF4<sup>(g)</sup> |
| 91188 | 5.640 | 11/25/35 | 91212 |

---

------

THE BOND FUND

*January 31, 2026 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity**<br> **Date** | **Value** |
| **Asset-Backed Securities – (continued)** | **Asset-Backed Securities – (continued)** | **Asset-Backed Securities – (continued)** | **Asset-Backed Securities – (continued)** |
| **Home Equity – (continued)** | **Home Equity – (continued)** | **Home Equity – (continued)** | **Home Equity – (continued)** |
| Southern Pacific Secured Assets Corp. Series 1998-2, Class A7<sup>(g)</sup> | Southern Pacific Secured Assets Corp. Series 1998-2, Class A7<sup>(g)</sup> | Southern Pacific Secured Assets Corp. Series 1998-2, Class A7<sup>(g)</sup> | Southern Pacific Secured Assets Corp. Series 1998-2, Class A7<sup>(g)</sup> |
| $255434 | 7.490% | 07/25/29 | $252718 |
| Towd Point Mortgage Trust Series 2024-CES4, Class A1<sup>(a)(g)</sup> | Towd Point Mortgage Trust Series 2024-CES4, Class A1<sup>(a)(g)</sup> | Towd Point Mortgage Trust Series 2024-CES4, Class A1<sup>(a)(g)</sup> | Towd Point Mortgage Trust Series 2024-CES4, Class A1<sup>(a)(g)</sup> |
| 1000114 | 5.122 | 09/25/64 | 1002035 |
|  |  |  | 5364302 |
| **Manufactured Housing – 0.0%** | **Manufactured Housing – 0.0%** | **Manufactured Housing – 0.0%** | **Manufactured Housing – 0.0%** |
| Mid-State Trust XI Series 2011, Class A1 | Mid-State Trust XI Series 2011, Class A1 | Mid-State Trust XI Series 2011, Class A1 | Mid-State Trust XI Series 2011, Class A1 |
| 20199 | 4.864 | 07/15/38 | 20198 |
| **Other – 9.0%** | **Other – 9.0%** | **Other – 9.0%** | **Other – 9.0%** |
| AFN ABSPROP001 LLC Series 2019-1A, Class A1<sup>(a)</sup> | AFN ABSPROP001 LLC Series 2019-1A, Class A1<sup>(a)</sup> | AFN ABSPROP001 LLC Series 2019-1A, Class A1<sup>(a)</sup> | AFN ABSPROP001 LLC Series 2019-1A, Class A1<sup>(a)</sup> |
| 3890984 | 3.780 | 05/20/49 | 3857464 |
| Aligned Data Centers Issuer LLC Series 2021-1A, Class A2<sup>(a)</sup> | Aligned Data Centers Issuer LLC Series 2021-1A, Class A2<sup>(a)</sup> | Aligned Data Centers Issuer LLC Series 2021-1A, Class A2<sup>(a)</sup> | Aligned Data Centers Issuer LLC Series 2021-1A, Class A2<sup>(a)</sup> |
| 4700000 | 1.937 | 08/15/46 | 4632958 |
| Beacon Container Finance II LLC Series 2021-1A, Class A<sup>(a)</sup> | Beacon Container Finance II LLC Series 2021-1A, Class A<sup>(a)</sup> | Beacon Container Finance II LLC Series 2021-1A, Class A<sup>(a)</sup> | Beacon Container Finance II LLC Series 2021-1A, Class A<sup>(a)</sup> |
| 1725063 | 2.250 | 10/22/46 | 1614470 |
| BHG Securitization Trust Series 2021-B, Class B<sup>(a)</sup> | BHG Securitization Trust Series 2021-B, Class B<sup>(a)</sup> | BHG Securitization Trust Series 2021-B, Class B<sup>(a)</sup> | BHG Securitization Trust Series 2021-B, Class B<sup>(a)</sup> |
| 366607 | 1.670 | 10/17/34 | 363718 |
| CAL Funding IV Ltd. Series 2020-1A, Class A<sup>(a)</sup> | CAL Funding IV Ltd. Series 2020-1A, Class A<sup>(a)</sup> | CAL Funding IV Ltd. Series 2020-1A, Class A<sup>(a)</sup> | CAL Funding IV Ltd. Series 2020-1A, Class A<sup>(a)</sup> |
| 3260000 | 2.220 | 09/25/45 | 3131782 |
| Chase Funding Trust Series 2002-3, Class 1A5<sup>(g)</sup> | Chase Funding Trust Series 2002-3, Class 1A5<sup>(g)</sup> | Chase Funding Trust Series 2002-3, Class 1A5<sup>(g)</sup> | Chase Funding Trust Series 2002-3, Class 1A5<sup>(g)</sup> |
| 274319 | 5.907 | 06/25/32 | 272003 |
| Chase Funding Trust Series 2004-1, Class 2A2<sup>(c)</sup>(1 mo. USD Term SOFR + 0.574%) | Chase Funding Trust Series 2004-1, Class 2A2<sup>(c)</sup>(1 mo. USD Term SOFR + 0.574%) | Chase Funding Trust Series 2004-1, Class 2A2<sup>(c)</sup>(1 mo. USD Term SOFR + 0.574%) | Chase Funding Trust Series 2004-1, Class 2A2<sup>(c)</sup>(1 mo. USD Term SOFR + 0.574%) |
| 1894786 | 4.247 | 12/25/33 | 1858681 |
| CLI Funding VIII LLC Series 2022-1A, Class A<sup>(a)</sup> | CLI Funding VIII LLC Series 2022-1A, Class A<sup>(a)</sup> | CLI Funding VIII LLC Series 2022-1A, Class A<sup>(a)</sup> | CLI Funding VIII LLC Series 2022-1A, Class A<sup>(a)</sup> |
| 2350133 | 2.720 | 01/18/47 | 2185454 |
| CMFT Net Lease Master Issuer LLC Series 2021-1, Class A1<sup>(a)</sup> | CMFT Net Lease Master Issuer LLC Series 2021-1, Class A1<sup>(a)</sup> | CMFT Net Lease Master Issuer LLC Series 2021-1, Class A1<sup>(a)</sup> | CMFT Net Lease Master Issuer LLC Series 2021-1, Class A1<sup>(a)</sup> |
| 3112541 | 2.090 | 07/20/51 | 2887200 |
| Countrywide Asset-Backed Certificates Series 2007-QH1, Class A1<sup>(a)(c)</sup>(1 mo. USD Term SOFR + 0.514%) | Countrywide Asset-Backed Certificates Series 2007-QH1, Class A1<sup>(a)(c)</sup>(1 mo. USD Term SOFR + 0.514%) | Countrywide Asset-Backed Certificates Series 2007-QH1, Class A1<sup>(a)(c)</sup>(1 mo. USD Term SOFR + 0.514%) | Countrywide Asset-Backed Certificates Series 2007-QH1, Class A1<sup>(a)(c)</sup>(1 mo. USD Term SOFR + 0.514%) |
| 267357 | 4.187 | 02/25/37 | 256208 |
| DB Master Finance LLC Series 2021-1A, Class A2II<sup>(a)</sup> | DB Master Finance LLC Series 2021-1A, Class A2II<sup>(a)</sup> | DB Master Finance LLC Series 2021-1A, Class A2II<sup>(a)</sup> | DB Master Finance LLC Series 2021-1A, Class A2II<sup>(a)</sup> |
| 3840000 | 2.493 | 11/20/51 | 3633329 |
| Diamond Infrastructure Funding LLC Series 2021-1A, Class A<sup>(a)</sup> | Diamond Infrastructure Funding LLC Series 2021-1A, Class A<sup>(a)</sup> | Diamond Infrastructure Funding LLC Series 2021-1A, Class A<sup>(a)</sup> | Diamond Infrastructure Funding LLC Series 2021-1A, Class A<sup>(a)</sup> |
| 4000000 | 1.760 | 04/15/49 | 3895234 |
| Domino's Pizza Master Issuer LLC Series 2017-1A, Class A23<sup>(a)</sup> | Domino's Pizza Master Issuer LLC Series 2017-1A, Class A23<sup>(a)</sup> | Domino's Pizza Master Issuer LLC Series 2017-1A, Class A23<sup>(a)</sup> | Domino's Pizza Master Issuer LLC Series 2017-1A, Class A23<sup>(a)</sup> |
| 6110000 | 4.118 | 07/25/47 | 6093459 |
| Driven Brands Funding LLC Series 2021-1A, Class A2<sup>(a)</sup> | Driven Brands Funding LLC Series 2021-1A, Class A2<sup>(a)</sup> | Driven Brands Funding LLC Series 2021-1A, Class A2<sup>(a)</sup> | Driven Brands Funding LLC Series 2021-1A, Class A2<sup>(a)</sup> |
| 2568753 | 2.791 | 10/20/51 | 2430234 |
| GBX Leasing LLC Series 2022-1, Class A<sup>(a)</sup> | GBX Leasing LLC Series 2022-1, Class A<sup>(a)</sup> | GBX Leasing LLC Series 2022-1, Class A<sup>(a)</sup> | GBX Leasing LLC Series 2022-1, Class A<sup>(a)</sup> |
| 1429921 | 2.870 | 02/20/52 | 1360551 |
| Global SC Finance VII SRL Series 2020-2A, Class A<sup>(a)</sup> | Global SC Finance VII SRL Series 2020-2A, Class A<sup>(a)</sup> | Global SC Finance VII SRL Series 2020-2A, Class A<sup>(a)</sup> | Global SC Finance VII SRL Series 2020-2A, Class A<sup>(a)</sup> |
| 2263189 | 2.260 | 11/19/40 | 2179944 |
| Home Partners of America Trust Series 2019-1, Class A<sup>(a)</sup> | Home Partners of America Trust Series 2019-1, Class A<sup>(a)</sup> | Home Partners of America Trust Series 2019-1, Class A<sup>(a)</sup> | Home Partners of America Trust Series 2019-1, Class A<sup>(a)</sup> |
| 5185278 | 2.908 | 09/17/39 | 5071098 |
| Jack in the Box Funding LLC Series 2022-1A, Class A2I<sup>(a)</sup> | Jack in the Box Funding LLC Series 2022-1A, Class A2I<sup>(a)</sup> | Jack in the Box Funding LLC Series 2022-1A, Class A2I<sup>(a)</sup> | Jack in the Box Funding LLC Series 2022-1A, Class A2I<sup>(a)</sup> |
| 3700000 | 3.445 | 02/26/52 | 3599256 |
| Lendmark Funding Trust Series 2021-2A, Class A<sup>(a)</sup> | Lendmark Funding Trust Series 2021-2A, Class A<sup>(a)</sup> | Lendmark Funding Trust Series 2021-2A, Class A<sup>(a)</sup> | Lendmark Funding Trust Series 2021-2A, Class A<sup>(a)</sup> |
| 2000000 | 2.000 | 04/20/32 | 1932625 |
| Long Beach Mortgage Loan Trust Series 2003-4, Class AV1<sup>(c)</sup>(1 mo. USD Term SOFR + 0.734%) | Long Beach Mortgage Loan Trust Series 2003-4, Class AV1<sup>(c)</sup>(1 mo. USD Term SOFR + 0.734%) | Long Beach Mortgage Loan Trust Series 2003-4, Class AV1<sup>(c)</sup>(1 mo. USD Term SOFR + 0.734%) | Long Beach Mortgage Loan Trust Series 2003-4, Class AV1<sup>(c)</sup>(1 mo. USD Term SOFR + 0.734%) |
| 72251 | 4.407 | 08/25/33 | 71588 |
| Lyra Music Assets Delaware LP Series 2024-2A, Class A2<sup>(a)</sup> | Lyra Music Assets Delaware LP Series 2024-2A, Class A2<sup>(a)</sup> | Lyra Music Assets Delaware LP Series 2024-2A, Class A2<sup>(a)</sup> | Lyra Music Assets Delaware LP Series 2024-2A, Class A2<sup>(a)</sup> |
| 2774508 | 5.760 | 12/22/64 | 2804715 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity**<br> **Date** | **Value** |
| **Asset-Backed Securities – (continued)** | **Asset-Backed Securities – (continued)** | **Asset-Backed Securities – (continued)** | **Asset-Backed Securities – (continued)** |
| **Other – (continued)** | **Other – (continued)** | **Other – (continued)** | **Other – (continued)** |
| OnDeck Asset Securitization Trust IV LLC Series 2024-1A, Class A<sup>(a)</sup> | OnDeck Asset Securitization Trust IV LLC Series 2024-1A, Class A<sup>(a)</sup> | OnDeck Asset Securitization Trust IV LLC Series 2024-1A, Class A<sup>(a)</sup> | OnDeck Asset Securitization Trust IV LLC Series 2024-1A, Class A<sup>(a)</sup> |
| $1500000 | 6.270% | 06/17/31 | $1517510 |
| PACEWell 5 Trust Series 2021-1, Class A<sup>(a)</sup> | PACEWell 5 Trust Series 2021-1, Class A<sup>(a)</sup> | PACEWell 5 Trust Series 2021-1, Class A<sup>(a)</sup> | PACEWell 5 Trust Series 2021-1, Class A<sup>(a)</sup> |
| 1927673 | 2.628 | 10/10/59 | 1561741 |
| Pear LLC Series 2023-1, Class A<sup>(a)</sup> | Pear LLC Series 2023-1, Class A<sup>(a)</sup> | Pear LLC Series 2023-1, Class A<sup>(a)</sup> | Pear LLC Series 2023-1, Class A<sup>(a)</sup> |
| 2809621 | 7.420 | 07/15/35 | 2878176 |
| Retained Vantage Data Centers Issuer LLC Series 2023-1A, Class A2A<sup>(a)</sup> | Retained Vantage Data Centers Issuer LLC Series 2023-1A, Class A2A<sup>(a)</sup> | Retained Vantage Data Centers Issuer LLC Series 2023-1A, Class A2A<sup>(a)</sup> | Retained Vantage Data Centers Issuer LLC Series 2023-1A, Class A2A<sup>(a)</sup> |
| 5000000 | 5.000 | 09/15/48 | 4995733 |
| Sabey Data Center Issuer LLC Series 2021-1, Class A2<sup>(a)</sup> | Sabey Data Center Issuer LLC Series 2021-1, Class A2<sup>(a)</sup> | Sabey Data Center Issuer LLC Series 2021-1, Class A2<sup>(a)</sup> | Sabey Data Center Issuer LLC Series 2021-1, Class A2<sup>(a)</sup> |
| 3000000 | 1.881 | 06/20/46 | 2962970 |
| ServiceMaster Funding LLC Series 2020-1, Class A2I<sup>(a)</sup> | ServiceMaster Funding LLC Series 2020-1, Class A2I<sup>(a)</sup> | ServiceMaster Funding LLC Series 2020-1, Class A2I<sup>(a)</sup> | ServiceMaster Funding LLC Series 2020-1, Class A2I<sup>(a)</sup> |
| 3751840 | 2.841 | 01/30/51 | 3577782 |
| Servpro Master Issuer LLC Series 2021-1A, Class A2<sup>(a)</sup> | Servpro Master Issuer LLC Series 2021-1A, Class A2<sup>(a)</sup> | Servpro Master Issuer LLC Series 2021-1A, Class A2<sup>(a)</sup> | Servpro Master Issuer LLC Series 2021-1A, Class A2<sup>(a)</sup> |
| 1905000 | 2.394 | 04/25/51 | 1812379 |
| Taco Bell Funding LLC Series 2021-1A, Class A2I<sup>(a)</sup> | Taco Bell Funding LLC Series 2021-1A, Class A2I<sup>(a)</sup> | Taco Bell Funding LLC Series 2021-1A, Class A2I<sup>(a)</sup> | Taco Bell Funding LLC Series 2021-1A, Class A2I<sup>(a)</sup> |
| 1891313 | 1.946 | 08/25/51 | 1846936 |
| Thrust Engine Leasing DAC Series 2021-1A, Class A<sup>(a)</sup> | Thrust Engine Leasing DAC Series 2021-1A, Class A<sup>(a)</sup> | Thrust Engine Leasing DAC Series 2021-1A, Class A<sup>(a)</sup> | Thrust Engine Leasing DAC Series 2021-1A, Class A<sup>(a)</sup> |
| 4156591 | 4.163 | 07/15/40 | 4106179 |
| TIF Funding II LLC Series 2020-1A, Class A<sup>(a)</sup> | TIF Funding II LLC Series 2020-1A, Class A<sup>(a)</sup> | TIF Funding II LLC Series 2020-1A, Class A<sup>(a)</sup> | TIF Funding II LLC Series 2020-1A, Class A<sup>(a)</sup> |
| 1314833 | 2.090 | 08/20/45 | 1261052 |
| Towd Point Mortgage Trust Series 2017-3, Class A2<sup>(a)(c)(f)</sup> | Towd Point Mortgage Trust Series 2017-3, Class A2<sup>(a)(c)(f)</sup> | Towd Point Mortgage Trust Series 2017-3, Class A2<sup>(a)(c)(f)</sup> | Towd Point Mortgage Trust Series 2017-3, Class A2<sup>(a)(c)(f)</sup> |
| 1044571 | 3.000 | 07/25/57 | 1033627 |
| Towd Point Mortgage Trust Series 2018-2,Class A2<sup>(a)(c)(f)</sup> | Towd Point Mortgage Trust Series 2018-2,Class A2<sup>(a)(c)(f)</sup> | Towd Point Mortgage Trust Series 2018-2,Class A2<sup>(a)(c)(f)</sup> | Towd Point Mortgage Trust Series 2018-2,Class A2<sup>(a)(c)(f)</sup> |
| 5500000 | 3.500 | 03/25/58 | 5387458 |
| Trinity Rail Leasing LLC Series 2019-1A, Class A<sup>(a)</sup> | Trinity Rail Leasing LLC Series 2019-1A, Class A<sup>(a)</sup> | Trinity Rail Leasing LLC Series 2019-1A, Class A<sup>(a)</sup> | Trinity Rail Leasing LLC Series 2019-1A, Class A<sup>(a)</sup> |
| 3618444 | 3.820 | 04/17/49 | 3611980 |
| Trinity Rail Leasing LLC Series 2019-2A, Class A2<sup>(a)</sup> | Trinity Rail Leasing LLC Series 2019-2A, Class A2<sup>(a)</sup> | Trinity Rail Leasing LLC Series 2019-2A, Class A2<sup>(a)</sup> | Trinity Rail Leasing LLC Series 2019-2A, Class A2<sup>(a)</sup> |
| 3000000 | 3.100 | 10/18/49 | 2989674 |
| Trinity Rail Leasing LLC Series 2020-2A, Class A2<sup>(a)</sup> | Trinity Rail Leasing LLC Series 2020-2A, Class A2<sup>(a)</sup> | Trinity Rail Leasing LLC Series 2020-2A, Class A2<sup>(a)</sup> | Trinity Rail Leasing LLC Series 2020-2A, Class A2<sup>(a)</sup> |
| 10315000 | 2.560 | 11/19/50 | 9951401 |
| Triton Container Finance VIII LLC Series 2020-1A, Class A<sup>(a)</sup> | Triton Container Finance VIII LLC Series 2020-1A, Class A<sup>(a)</sup> | Triton Container Finance VIII LLC Series 2020-1A, Class A<sup>(a)</sup> | Triton Container Finance VIII LLC Series 2020-1A, Class A<sup>(a)</sup> |
| 3416667 | 2.110 | 09/20/45 | 3227961 |
| Triton Container Finance VIII LLC Series 2021-1A, Class A<sup>(a)</sup> | Triton Container Finance VIII LLC Series 2021-1A, Class A<sup>(a)</sup> | Triton Container Finance VIII LLC Series 2021-1A, Class A<sup>(a)</sup> | Triton Container Finance VIII LLC Series 2021-1A, Class A<sup>(a)</sup> |
| 294583 | 1.860 | 03/20/46 | 273863 |
| Wendy's Funding LLC Series 2021-1A, Class A2I<sup>(a)</sup> | Wendy's Funding LLC Series 2021-1A, Class A2I<sup>(a)</sup> | Wendy's Funding LLC Series 2021-1A, Class A2I<sup>(a)</sup> | Wendy's Funding LLC Series 2021-1A, Class A2I<sup>(a)</sup> |
| 1192724 | 2.370 | 06/15/51 | 1115858 |
| Wendy's Funding LLC Series 2025-1A, Class A2I<sup>(a)</sup> | Wendy's Funding LLC Series 2025-1A, Class A2I<sup>(a)</sup> | Wendy's Funding LLC Series 2025-1A, Class A2I<sup>(a)</sup> | Wendy's Funding LLC Series 2025-1A, Class A2I<sup>(a)</sup> |
| 3000000 | 5.422 | 12/15/55 | 3003243 |
| Zayo Issuer LLC Series 2025-1A, Class A2<sup>(a)</sup> | Zayo Issuer LLC Series 2025-1A, Class A2<sup>(a)</sup> | Zayo Issuer LLC Series 2025-1A, Class A2<sup>(a)</sup> | Zayo Issuer LLC Series 2025-1A, Class A2<sup>(a)</sup> |
| 1500000 | 5.648 | 03/20/55 | 1527550 |
|  |  |  | 112775044 |
| **Student Loan – 0.1%** | **Student Loan – 0.1%** | **Student Loan – 0.1%** | **Student Loan – 0.1%** |
| Massachusetts Educational Financing Authority Series 2018-A, Class A | Massachusetts Educational Financing Authority Series 2018-A, Class A | Massachusetts Educational Financing Authority Series 2018-A, Class A | Massachusetts Educational Financing Authority Series 2018-A, Class A |
| 634610 | 3.850 | 05/25/33 | 629871 |
| SoFi Professional Loan Program LLC Series 2018-C, Class A2FX<sup>(a)</sup> | SoFi Professional Loan Program LLC Series 2018-C, Class A2FX<sup>(a)</sup> | SoFi Professional Loan Program LLC Series 2018-C, Class A2FX<sup>(a)</sup> | SoFi Professional Loan Program LLC Series 2018-C, Class A2FX<sup>(a)</sup> |
| 388911 | 3.590 | 01/25/48 | 387036 |

---

------

THE BOND FUND

*January 31, 2026 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity**<br> **Date** | **Value** |
| **Asset-Backed Securities – (continued)** | **Asset-Backed Securities – (continued)** | **Asset-Backed Securities – (continued)** | **Asset-Backed Securities – (continued)** |
| **Student Loan – (continued)** | **Student Loan – (continued)** | **Student Loan – (continued)** | **Student Loan – (continued)** |
| South Carolina Student Loan Corp. Series 2015-A, Class A<sup>(c)</sup>(1 mo. USD Term SOFR + 1.614%) | South Carolina Student Loan Corp. Series 2015-A, Class A<sup>(c)</sup>(1 mo. USD Term SOFR + 1.614%) | South Carolina Student Loan Corp. Series 2015-A, Class A<sup>(c)</sup>(1 mo. USD Term SOFR + 1.614%) | South Carolina Student Loan Corp. Series 2015-A, Class A<sup>(c)</sup>(1 mo. USD Term SOFR + 1.614%) |
| $84050 | 5.287% | 01/25/36 | $84066 |
|  |  |  | 1100973 |
| **TOTAL ASSET-BACKED SECURITIES<br>(Cost $128,606,864)** | **TOTAL ASSET-BACKED SECURITIES<br>(Cost $128,606,864)** | **TOTAL ASSET-BACKED SECURITIES<br>(Cost $128,606,864)** | $126474427 |
| **Municipal Bond Obligations – 6.5%** | **Municipal Bond Obligations – 6.5%** | **Municipal Bond Obligations – 6.5%** | **Municipal Bond Obligations – 6.5%** |
| **Arizona<sup>(b)</sup> – 0.1%** | **Arizona<sup>(b)</sup> – 0.1%** | **Arizona<sup>(b)</sup> – 0.1%** | **Arizona<sup>(b)</sup> – 0.1%** |
| Arizona Board of Regents Revenue Bonds Series 2023 | Arizona Board of Regents Revenue Bonds Series 2023 | Arizona Board of Regents Revenue Bonds Series 2023 | Arizona Board of Regents Revenue Bonds Series 2023 |
| $1000000 | 4.599% | 07/01/31 | $1029811 |
| **Arkansas<sup>(b)</sup> – 0.1%** | **Arkansas<sup>(b)</sup> – 0.1%** | **Arkansas<sup>(b)</sup> – 0.1%** | **Arkansas<sup>(b)</sup> – 0.1%** |
| City of Springdale Sales & Use Tax Revenue Revenue Bonds (Taxable-Refunding) Series 2023 (BAM) | City of Springdale Sales & Use Tax Revenue Revenue Bonds (Taxable-Refunding) Series 2023 (BAM) | City of Springdale Sales & Use Tax Revenue Revenue Bonds (Taxable-Refunding) Series 2023 (BAM) | City of Springdale Sales & Use Tax Revenue Revenue Bonds (Taxable-Refunding) Series 2023 (BAM) |
| 1000000 | 5.160 | 08/01/32 | 1031959 |
| **California – 1.4%** | **California – 1.4%** | **California – 1.4%** | **California – 1.4%** |
| Beverly Hills CA Unified School District GO Bonds (Capital Appreciation) (Refunding) Series 2016<sup>(b)(h)</sup> | Beverly Hills CA Unified School District GO Bonds (Capital Appreciation) (Refunding) Series 2016<sup>(b)(h)</sup> | Beverly Hills CA Unified School District GO Bonds (Capital Appreciation) (Refunding) Series 2016<sup>(b)(h)</sup> | Beverly Hills CA Unified School District GO Bonds (Capital Appreciation) (Refunding) Series 2016<sup>(b)(h)</sup> |
| 5000000 | 0.000 | 08/01/38 | 3093985 |
| California State Municipal Finance Authority Refunding Revenue Bonds (Taxable-Refunding-University Of San Diego) Series B | California State Municipal Finance Authority Refunding Revenue Bonds (Taxable-Refunding-University Of San Diego) Series B | California State Municipal Finance Authority Refunding Revenue Bonds (Taxable-Refunding-University Of San Diego) Series B | California State Municipal Finance Authority Refunding Revenue Bonds (Taxable-Refunding-University Of San Diego) Series B |
| 3130000 | 2.536 | 10/01/29 | 2965217 |
| City of National City CA Pension Obligation Revenue (Taxable) Series 2021 | City of National City CA Pension Obligation Revenue (Taxable) Series 2021 | City of National City CA Pension Obligation Revenue (Taxable) Series 2021 | City of National City CA Pension Obligation Revenue (Taxable) Series 2021 |
| 3820000 | 2.649 | 11/01/31 | 3497029 |
| Foothill-De Anza CA Community College District GO Bonds (Taxable - Election of 2006) Series E | Foothill-De Anza CA Community College District GO Bonds (Taxable - Election of 2006) Series E | Foothill-De Anza CA Community College District GO Bonds (Taxable - Election of 2006) Series E | Foothill-De Anza CA Community College District GO Bonds (Taxable - Election of 2006) Series E |
| 1730000 | 3.223 | 08/01/38 | 1489326 |
| Napa Valley Unified School District GO Bonds (Build America Bonds-Taxable) Series B | Napa Valley Unified School District GO Bonds (Build America Bonds-Taxable) Series B | Napa Valley Unified School District GO Bonds (Build America Bonds-Taxable) Series B | Napa Valley Unified School District GO Bonds (Build America Bonds-Taxable) Series B |
| 3000000 | 6.507 | 08/01/43 | 3204547 |
| Poway CA Unified School District GO Bonds (Taxable-Refunding-Improvement Date 2002-1) Series 2019 | Poway CA Unified School District GO Bonds (Taxable-Refunding-Improvement Date 2002-1) Series 2019 | Poway CA Unified School District GO Bonds (Taxable-Refunding-Improvement Date 2002-1) Series 2019 | Poway CA Unified School District GO Bonds (Taxable-Refunding-Improvement Date 2002-1) Series 2019 |
| 3750000 | 2.414 | 08/01/27 | 3678157 |
|  |  |  | 17928261 |
| **Florida<sup>(b)</sup> – 0.2%** | **Florida<sup>(b)</sup> – 0.2%** | **Florida<sup>(b)</sup> – 0.2%** | **Florida<sup>(b)</sup> – 0.2%** |
| Florida Development Finance Corp. (Taxable-Refunding-Shands | Florida Development Finance Corp. (Taxable-Refunding-Shands | Florida Development Finance Corp. (Taxable-Refunding-Shands | Florida Development Finance Corp. (Taxable-Refunding-Shands |
| Jacksonville Medical Center Obligated Group) Series B (AG) | Jacksonville Medical Center Obligated Group) Series B (AG) | Jacksonville Medical Center Obligated Group) Series B (AG) | Jacksonville Medical Center Obligated Group) Series B (AG) |
| 1800000 | 3.223 | 02/01/32 | 1653656 |
| Miami-Dade County FL Health Facilities Authority (Taxable-Refunding, Variety Children's Hospital Obligated Group) Series 2021 | Miami-Dade County FL Health Facilities Authority (Taxable-Refunding, Variety Children's Hospital Obligated Group) Series 2021 | Miami-Dade County FL Health Facilities Authority (Taxable-Refunding, Variety Children's Hospital Obligated Group) Series 2021 | Miami-Dade County FL Health Facilities Authority (Taxable-Refunding, Variety Children's Hospital Obligated Group) Series 2021 |
| 1500000 | 2.520 | 08/01/31 | 1371383 |
|  |  |  | 3025039 |
| **Hawaii – 0.2%** | **Hawaii – 0.2%** | **Hawaii – 0.2%** | **Hawaii – 0.2%** |
| State of Hawaii Department of Business Economic Development & Tourism Series 2014-A, Class A2 | State of Hawaii Department of Business Economic Development & Tourism Series 2014-A, Class A2 | State of Hawaii Department of Business Economic Development & Tourism Series 2014-A, Class A2 | State of Hawaii Department of Business Economic Development & Tourism Series 2014-A, Class A2 |
| 2997907 | 3.242 | 01/01/31 | 2952223 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity**<br> **Date** | **Value** |
| **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** |
| **Illinois – 0.2%** | **Illinois – 0.2%** | **Illinois – 0.2%** | **Illinois – 0.2%** |
| Will County Elementary School District No 122 GO Bonds (Taxable-Refunding) Series A | Will County Elementary School District No 122 GO Bonds (Taxable-Refunding) Series A | Will County Elementary School District No 122 GO Bonds (Taxable-Refunding) Series A | Will County Elementary School District No 122 GO Bonds (Taxable-Refunding) Series A |
| $2750000 | 2.111% | 10/01/27 | $2667756 |
| **Indiana – 0.1%** | **Indiana – 0.1%** | **Indiana – 0.1%** | **Indiana – 0.1%** |
| Indiana University Revenue Bonds (Taxable-Refunding) Series B | Indiana University Revenue Bonds (Taxable-Refunding) Series B | Indiana University Revenue Bonds (Taxable-Refunding) Series B | Indiana University Revenue Bonds (Taxable-Refunding) Series B |
| 1000000 | 2.767 | 06/01/37 | 843175 |
| **Kentucky – 0.6%** | **Kentucky – 0.6%** | **Kentucky – 0.6%** | **Kentucky – 0.6%** |
| Kentucky Higher Education Student Loan Corp. (Taxable) Series A | Kentucky Higher Education Student Loan Corp. (Taxable) Series A | Kentucky Higher Education Student Loan Corp. (Taxable) Series A | Kentucky Higher Education Student Loan Corp. (Taxable) Series A |
| 4500000 | 2.685 | 06/01/31 | 4116642 |
| River City, Inc. KY Parking Authority Revenue Bonds (Refunding) Series B<sup>(b)</sup> | River City, Inc. KY Parking Authority Revenue Bonds (Refunding) Series B<sup>(b)</sup> | River City, Inc. KY Parking Authority Revenue Bonds (Refunding) Series B<sup>(b)</sup> | River City, Inc. KY Parking Authority Revenue Bonds (Refunding) Series B<sup>(b)</sup> |
| 2890000 | 2.750 | 12/01/33 | 2784023 |
|  |  |  | 6900665 |
| **Louisiana – 0.2%** | **Louisiana – 0.2%** | **Louisiana – 0.2%** | **Louisiana – 0.2%** |
| City of New Orleans LA GO Bonds (Taxable-Refunding) Series 2021 | City of New Orleans LA GO Bonds (Taxable-Refunding) Series 2021 | City of New Orleans LA GO Bonds (Taxable-Refunding) Series 2021 | City of New Orleans LA GO Bonds (Taxable-Refunding) Series 2021 |
| 2085000 | 2.054 | 09/01/28 | 1991077 |
| **Michigan – 0.3%** | **Michigan – 0.3%** | **Michigan – 0.3%** | **Michigan – 0.3%** |
| Dearborn MI GO Bonds (Taxable) Series B | Dearborn MI GO Bonds (Taxable) Series B | Dearborn MI GO Bonds (Taxable) Series B | Dearborn MI GO Bonds (Taxable) Series B |
| 1750000 | 3.879 | 05/01/27 | 1754735 |
| Fraser MI Public School District GO Bonds (Taxable-Refunding) Series 2019 (Q-SBLF) | Fraser MI Public School District GO Bonds (Taxable-Refunding) Series 2019 (Q-SBLF) | Fraser MI Public School District GO Bonds (Taxable-Refunding) Series 2019 (Q-SBLF) | Fraser MI Public School District GO Bonds (Taxable-Refunding) Series 2019 (Q-SBLF) |
| 2150000 | 2.380 | 05/01/29 | 2049865 |
|  |  |  | 3804600 |
| **Mississippi<sup>(b)</sup> – 0.2%** | **Mississippi<sup>(b)</sup> – 0.2%** | **Mississippi<sup>(b)</sup> – 0.2%** | **Mississippi<sup>(b)</sup> – 0.2%** |
| State of Mississippi GO (Taxable-Refunding-Bonds) Series 2020 | State of Mississippi GO (Taxable-Refunding-Bonds) Series 2020 | State of Mississippi GO (Taxable-Refunding-Bonds) Series 2020 | State of Mississippi GO (Taxable-Refunding-Bonds) Series 2020 |
| 3000000 | 1.282 | 11/01/28 | 2824240 |
| **Missouri – 0.2%** | **Missouri – 0.2%** | **Missouri – 0.2%** | **Missouri – 0.2%** |
| Curators University of Missouri System Facilities Revenue Bonds Build America Bonds | Curators University of Missouri System Facilities Revenue Bonds Build America Bonds | Curators University of Missouri System Facilities Revenue Bonds Build America Bonds | Curators University of Missouri System Facilities Revenue Bonds Build America Bonds |
| 2500000 | 5.792 | 11/01/41 | 2568978 |
| **Nebraska – 0.2%** | **Nebraska – 0.2%** | **Nebraska – 0.2%** | **Nebraska – 0.2%** |
| University of Nebraska Facilities Corp. Revenue Bonds (Taxable-Refunding) Series A | University of Nebraska Facilities Corp. Revenue Bonds (Taxable-Refunding) Series A | University of Nebraska Facilities Corp. Revenue Bonds (Taxable-Refunding) Series A | University of Nebraska Facilities Corp. Revenue Bonds (Taxable-Refunding) Series A |
| 2750000 | 2.175 | 10/01/26 | 2723907 |
| **New Jersey<sup>(b)</sup> – 0.3%** | **New Jersey<sup>(b)</sup> – 0.3%** | **New Jersey<sup>(b)</sup> – 0.3%** | **New Jersey<sup>(b)</sup> – 0.3%** |
| Rutgers New Jersey State University Revenue Bonds (Taxable-Refunding) Series R | Rutgers New Jersey State University Revenue Bonds (Taxable-Refunding) Series R | Rutgers New Jersey State University Revenue Bonds (Taxable-Refunding) Series R | Rutgers New Jersey State University Revenue Bonds (Taxable-Refunding) Series R |
| 4000000 | 2.588 | 05/01/27 | 3948474 |
| **New York<sup>(b)</sup> – 0.5%** | **New York<sup>(b)</sup> – 0.5%** | **New York<sup>(b)</sup> – 0.5%** | **New York<sup>(b)</sup> – 0.5%** |
| New York State Dormitory Authority Revenue Bonds (Taxable) Series B | New York State Dormitory Authority Revenue Bonds (Taxable) Series B | New York State Dormitory Authority Revenue Bonds (Taxable) Series B | New York State Dormitory Authority Revenue Bonds (Taxable) Series B |
| 1815000 | 5.228 | 07/01/35 | 1886279 |
| New York State Dormitory Authority Revenue Bonds (Taxable-Refunding) Series B | New York State Dormitory Authority Revenue Bonds (Taxable-Refunding) Series B | New York State Dormitory Authority Revenue Bonds (Taxable-Refunding) Series B | New York State Dormitory Authority Revenue Bonds (Taxable-Refunding) Series B |
| 2700000 | 3.229 | 03/15/30 | 2624980 |
| New York State Urban Development Corp. Revenue Bonds Series 2019 B | New York State Urban Development Corp. Revenue Bonds Series 2019 B | New York State Urban Development Corp. Revenue Bonds Series 2019 B | New York State Urban Development Corp. Revenue Bonds Series 2019 B |
| 1950000 | 3.350 | 03/15/26 | 1948816 |
|  |  |  | 6460075 |

---

------

THE BOND FUND

*January 31, 2026 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal**<br> **Amount** | **Interest**<br> **Rate** | **Maturity**<br> **Date** | **Value** |
| **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** |
| **Ohio – 0.6%** | **Ohio – 0.6%** | **Ohio – 0.6%** | **Ohio – 0.6%** |
| City of Cincinnati OH GO Bonds (Taxable-Refunding) Series A<sup>(b)</sup> | City of Cincinnati OH GO Bonds (Taxable-Refunding) Series A<sup>(b)</sup> | City of Cincinnati OH GO Bonds (Taxable-Refunding) Series A<sup>(b)</sup> | City of Cincinnati OH GO Bonds (Taxable-Refunding) Series A<sup>(b)</sup> |
| $2865000 | 1.880% | 12/01/31 | $2543996 |
| South-Western City OH School District Franklin & Pickaway Countries GO Bonds (CABS-Taxable-Refunding) Series C<sup>(h)</sup> | South-Western City OH School District Franklin & Pickaway Countries GO Bonds (CABS-Taxable-Refunding) Series C<sup>(h)</sup> | South-Western City OH School District Franklin & Pickaway Countries GO Bonds (CABS-Taxable-Refunding) Series C<sup>(h)</sup> | South-Western City OH School District Franklin & Pickaway Countries GO Bonds (CABS-Taxable-Refunding) Series C<sup>(h)</sup> |
| 2740000 | 0.000 | 12/01/28 | 2446257 |
| University of Cincinnati Revenue Bonds (Taxable-Refunding) Series B | University of Cincinnati Revenue Bonds (Taxable-Refunding) Series B | University of Cincinnati Revenue Bonds (Taxable-Refunding) Series B | University of Cincinnati Revenue Bonds (Taxable-Refunding) Series B |
| 3000000 | 1.775 | 06/01/29 | 2803038 |
|  |  |  | 7793291 |
| **Oregon – 0.1%** | **Oregon – 0.1%** | **Oregon – 0.1%** | **Oregon – 0.1%** |
| Oregon Education Districts Full Faith & Credit Pension Obligations GO Bonds (Taxable) Series 2018<sup>(b)</sup> | Oregon Education Districts Full Faith & Credit Pension Obligations GO Bonds (Taxable) Series 2018<sup>(b)</sup> | Oregon Education Districts Full Faith & Credit Pension Obligations GO Bonds (Taxable) Series 2018<sup>(b)</sup> | Oregon Education Districts Full Faith & Credit Pension Obligations GO Bonds (Taxable) Series 2018<sup>(b)</sup> |
| 495000 | 4.220 | 06/30/30 | 496948 |
| Portland OR Community College District GO Bonds Series 2018 | Portland OR Community College District GO Bonds Series 2018 | Portland OR Community College District GO Bonds Series 2018 | Portland OR Community College District GO Bonds Series 2018 |
| 1250000 | 3.970 | 06/01/27 | 1255774 |
|  |  |  | 1752722 |
| **Pennsylvania<sup>(b)</sup> – 0.3%** | **Pennsylvania<sup>(b)</sup> – 0.3%** | **Pennsylvania<sup>(b)</sup> – 0.3%** | **Pennsylvania<sup>(b)</sup> – 0.3%** |
| State Public School Building Authority Revenue Bonds (Qualified School Construction Bonds) | State Public School Building Authority Revenue Bonds (Qualified School Construction Bonds) | State Public School Building Authority Revenue Bonds (Qualified School Construction Bonds) | State Public School Building Authority Revenue Bonds (Qualified School Construction Bonds) |
| 3000000 | 6.495 | 09/15/28 | 3196578 |
| **Texas – 0.5%** | **Texas – 0.5%** | **Texas – 0.5%** | **Texas – 0.5%** |
| City of Houston TX GO Bonds (Taxable-Refunding) Series B<sup>(b)</sup> | City of Houston TX GO Bonds (Taxable-Refunding) Series B<sup>(b)</sup> | City of Houston TX GO Bonds (Taxable-Refunding) Series B<sup>(b)</sup> | City of Houston TX GO Bonds (Taxable-Refunding) Series B<sup>(b)</sup> |
| 5000000 | 2.130 | 03/01/26 | 4993234 |
| Texas Water Development Board Revenue Bonds (Taxable-Master Trust) Series B | Texas Water Development Board Revenue Bonds (Taxable-Master Trust) Series B | Texas Water Development Board Revenue Bonds (Taxable-Master Trust) Series B | Texas Water Development Board Revenue Bonds (Taxable-Master Trust) Series B |
| 1200000 | 4.309 | 10/15/34 | 1193897 |
|  |  |  | 6187131 |
| **Washington – 0.2%** | **Washington – 0.2%** | **Washington – 0.2%** | **Washington – 0.2%** |
| Seattle Municipal Light & Power Revenue Bonds Taxable Clean | Seattle Municipal Light & Power Revenue Bonds Taxable Clean | Seattle Municipal Light & Power Revenue Bonds Taxable Clean | Seattle Municipal Light & Power Revenue Bonds Taxable Clean |
| Renewable Energy Bonds Series C | Renewable Energy Bonds Series C | Renewable Energy Bonds Series C | Renewable Energy Bonds Series C |
| 2000000 | 3.750 | 06/01/33 | 1935347 |
| **TOTAL MUNICIPAL BOND OBLIGATIONS<br>(Cost $83,706,599)** | **TOTAL MUNICIPAL BOND OBLIGATIONS<br>(Cost $83,706,599)** | **TOTAL MUNICIPAL BOND OBLIGATIONS<br>(Cost $83,706,599)** | $81565309 |
| **U.S. Government Agency Obligations – 0.4%** | **U.S. Government Agency Obligations – 0.4%** | **U.S. Government Agency Obligations – 0.4%** | **U.S. Government Agency Obligations – 0.4%** |
| Federal Farm Credit Banks Funding Corp. | Federal Farm Credit Banks Funding Corp. | Federal Farm Credit Banks Funding Corp. | Federal Farm Credit Banks Funding Corp. |
| $2500000 | 4.000 | 01/13/31 | $2514266 |
| 3000000 | 1.730 <sup>(b)</sup> | 10/26/35 | 2321181 |
| **TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS<br>(Cost $4,738,540)** | **TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS<br>(Cost $4,738,540)** | **TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS<br>(Cost $4,738,540)** | $4835447 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br> **Shares** | **Description** | **Value** |
| **Exchange Traded Fund** – **0.2%** | **Exchange Traded Fund** – **0.2%** | **Exchange Traded Fund** – **0.2%** |
| $50000 | Janus Henderson AAA CLO ETF | $2533500 |
| **(Cost $2,539,500)** | **(Cost $2,539,500)** | **(Cost $2,539,500)** |
| **Shares** | **Dividend**<br> **Rate** | **Value** |
| **Investment Company** – **1.1%** | **Investment Company** – **1.1%** | **Investment Company** – **1.1%** |
| State Street Institutional US Government Money Market Fund – Premier Class | State Street Institutional US Government Money Market Fund – Premier Class | State Street Institutional US Government Money Market Fund – Premier Class |
| 14077618 | 3.650% | $14077618 |
| **(Cost $14,077,618)** | **(Cost $14,077,618)** | **(Cost $14,077,618)** |
| **TOTAL INVESTMENTS – 99.5%<br>(Cost $1,299,154,146)** | **TOTAL INVESTMENTS – 99.5%<br>(Cost $1,299,154,146)** | $1241385094 |
| **OTHER ASSETS IN EXCESS OF**<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**LIABILITIES – 0.5%** | **OTHER ASSETS IN EXCESS OF**<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**LIABILITIES – 0.5%** | 5817935 |
| **NET ASSETS – 100.0%** | **NET ASSETS – 100.0%** | $1247203029 |

---

---

| | |
|:---|:---|
| The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets. | The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets. |
| (a) | 144A securities. Securities restricted for resale to Qualified Institutional Buyers. |
| (b) | Security with "Call" features with resetting interest rates. |
| (c) | Variable rate security. The interest rate shown reflects the rate as of January 31, 2026. |
| (d) | Securities with "Put" features with resetting interest rates. Maturity dates disclosed are the next interest reset dates. |
| (e) | Actual maturity date is September 15, 2115. |
| (f) | Rate shown is that which is in effect on January 31, 2026. 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. |
| (g) | Step-up Bond. Coupon rate increases in increments to maturity. Rate disclosed is as of January 31, 2026. Maturity date disclosed is the ultimate maturity. |
| (h) | Security issued with a zero coupon. The actual effective yield of this security is different than the stated coupon due to the accretion of discount. |

---

---

| | |
|:---|:---|
| **Investment Abbreviations:** | **Investment Abbreviations:** |
| GO | — General Obligation |
| PLC | — Public Limited Company |
| Q-SBLF | — Qualified School Bond Loan Fund |
| REMICS | — Real Estate Mortgage Investment Conduit |
| RFUCC | — Refinitive USD IBOR Consumer Cash Fallbacks 1 Year |
| SOFR | — Secured Overnight Financing Rate |

---

------

THE SHORT-TERM GOVERNMENT FUND

## Schedule of Investments
*January 31, 2026 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Mortgage-Backed Obligations – 48.4%** | **Mortgage-Backed Obligations – 48.4%** | **Mortgage-Backed Obligations – 48.4%** | **Mortgage-Backed Obligations – 48.4%** |
| **Collateralized Mortgage Obligations – 34.2%** | **Collateralized Mortgage Obligations – 34.2%** | **Collateralized Mortgage Obligations – 34.2%** | **Collateralized Mortgage Obligations – 34.2%** |
| Angel Oak Mortgage Trust Series 2025-3, Class A1<sup>(a)(b)</sup> | Angel Oak Mortgage Trust Series 2025-3, Class A1<sup>(a)(b)</sup> | Angel Oak Mortgage Trust Series 2025-3, Class A1<sup>(a)(b)</sup> | Angel Oak Mortgage Trust Series 2025-3, Class A1<sup>(a)(b)</sup> |
| $419819 | 5.420% | 03/25/70 | $423746 |
| Banc of America Funding Trust Series 2004-A, Class 1A3<sup>(c)(d)</sup> | Banc of America Funding Trust Series 2004-A, Class 1A3<sup>(c)(d)</sup> | Banc of America Funding Trust Series 2004-A, Class 1A3<sup>(c)(d)</sup> | Banc of America Funding Trust Series 2004-A, Class 1A3<sup>(c)(d)</sup> |
| 524 | 6.619 | 09/20/34 | 535 |
| Banc of America Mortgage Trust Series 2003-J, Class 2A1<sup>(c)(d)</sup> | Banc of America Mortgage Trust Series 2003-J, Class 2A1<sup>(c)(d)</sup> | Banc of America Mortgage Trust Series 2003-J, Class 2A1<sup>(c)(d)</sup> | Banc of America Mortgage Trust Series 2003-J, Class 2A1<sup>(c)(d)</sup> |
| 35989 | 5.136 | 11/25/33 | 31760 |
| Barclays Mortgage Loan Trust Series 2021-NQM1, Class A1<sup>(a)(c)(d)</sup> | Barclays Mortgage Loan Trust Series 2021-NQM1, Class A1<sup>(a)(c)(d)</sup> | Barclays Mortgage Loan Trust Series 2021-NQM1, Class A1<sup>(a)(c)(d)</sup> | Barclays Mortgage Loan Trust Series 2021-NQM1, Class A1<sup>(a)(c)(d)</sup> |
| 234356 | 1.747 | 09/25/51 | 216278 |
| Bear Stearns ARM Trust Series 2004-9, Class 24A1<sup>(c)(d)</sup> | Bear Stearns ARM Trust Series 2004-9, Class 24A1<sup>(c)(d)</sup> | Bear Stearns ARM Trust Series 2004-9, Class 24A1<sup>(c)(d)</sup> | Bear Stearns ARM Trust Series 2004-9, Class 24A1<sup>(c)(d)</sup> |
| 5484 | 4.800 | 11/25/34 | 4873 |
| BRAVO Residential Funding Trust Series 2021-NQM1, Class A1<sup>(a)(c)(d)</sup> | BRAVO Residential Funding Trust Series 2021-NQM1, Class A1<sup>(a)(c)(d)</sup> | BRAVO Residential Funding Trust Series 2021-NQM1, Class A1<sup>(a)(c)(d)</sup> | BRAVO Residential Funding Trust Series 2021-NQM1, Class A1<sup>(a)(c)(d)</sup> |
| 101719 | 0.941 | 02/25/49 | 94169 |
| BRAVO Residential Funding Trust Series 2021-NQM2, Class A1<sup>(a)(c)(d)</sup> | BRAVO Residential Funding Trust Series 2021-NQM2, Class A1<sup>(a)(c)(d)</sup> | BRAVO Residential Funding Trust Series 2021-NQM2, Class A1<sup>(a)(c)(d)</sup> | BRAVO Residential Funding Trust Series 2021-NQM2, Class A1<sup>(a)(c)(d)</sup> |
| 54612 | 0.970 | 03/25/60 | 53732 |
| BRAVO Residential Funding Trust Series 2025-NQM7, Class A1<sup>(a)(c)(d)</sup> | BRAVO Residential Funding Trust Series 2025-NQM7, Class A1<sup>(a)(c)(d)</sup> | BRAVO Residential Funding Trust Series 2025-NQM7, Class A1<sup>(a)(c)(d)</sup> | BRAVO Residential Funding Trust Series 2025-NQM7, Class A1<sup>(a)(c)(d)</sup> |
| 270697 | 5.459 | 07/25/65 | 273412 |
| Citigroup Mortgage Loan Trust, Inc. Series 2004-HYB3, Class 1A<sup>(c)(d)</sup> | Citigroup Mortgage Loan Trust, Inc. Series 2004-HYB3, Class 1A<sup>(c)(d)</sup> | Citigroup Mortgage Loan Trust, Inc. Series 2004-HYB3, Class 1A<sup>(c)(d)</sup> | Citigroup Mortgage Loan Trust, Inc. Series 2004-HYB3, Class 1A<sup>(c)(d)</sup> |
| 7762 | 4.948 | 09/25/34 | 7027 |
| Cross Mortgage Trust Series 2025-H1, Class A1<sup>(a)(c)(d)</sup> | Cross Mortgage Trust Series 2025-H1, Class A1<sup>(a)(c)(d)</sup> | Cross Mortgage Trust Series 2025-H1, Class A1<sup>(a)(c)(d)</sup> | Cross Mortgage Trust Series 2025-H1, Class A1<sup>(a)(c)(d)</sup> |
| 160819 | 5.735 | 02/25/70 | 162874 |
| CSMC Trust Series 2021-NQM5, Class A1<sup>(a)(c)(d)</sup> | CSMC Trust Series 2021-NQM5, Class A1<sup>(a)(c)(d)</sup> | CSMC Trust Series 2021-NQM5, Class A1<sup>(a)(c)(d)</sup> | CSMC Trust Series 2021-NQM5, Class A1<sup>(a)(c)(d)</sup> |
| 252312 | 0.938 | 05/25/66 | 215245 |
| Federal Home Loan Mortgage Corp. REMICS Series 2022, Class PE | Federal Home Loan Mortgage Corp. REMICS Series 2022, Class PE | Federal Home Loan Mortgage Corp. REMICS Series 2022, Class PE | Federal Home Loan Mortgage Corp. REMICS Series 2022, Class PE |
| 850 | 6.500 | 01/15/28 | 859 |
| Federal Home Loan Mortgage Corp. REMICS Series 2109, Class PE | Federal Home Loan Mortgage Corp. REMICS Series 2109, Class PE | Federal Home Loan Mortgage Corp. REMICS Series 2109, Class PE | Federal Home Loan Mortgage Corp. REMICS Series 2109, Class PE |
| 4090 | 6.000 | 12/15/28 | 4176 |
| Federal Home Loan Mortgage Corp. REMICS Series 4561, Class BA | Federal Home Loan Mortgage Corp. REMICS Series 4561, Class BA | Federal Home Loan Mortgage Corp. REMICS Series 4561, Class BA | Federal Home Loan Mortgage Corp. REMICS Series 4561, Class BA |
| 17084 | 3.500 | 09/15/42 | 17054 |
| Federal Home Loan Mortgage Corp. REMICS Series 5131, Class MA | Federal Home Loan Mortgage Corp. REMICS Series 5131, Class MA | Federal Home Loan Mortgage Corp. REMICS Series 5131, Class MA | Federal Home Loan Mortgage Corp. REMICS Series 5131, Class MA |
| 469780 | 1.500 | 04/25/49 | 412649 |
| Federal Home Loan Mortgage Corp. REMICS Series 5208, Class MA | Federal Home Loan Mortgage Corp. REMICS Series 5208, Class MA | Federal Home Loan Mortgage Corp. REMICS Series 5208, Class MA | Federal Home Loan Mortgage Corp. REMICS Series 5208, Class MA |
| 454879 | 2.500 | 06/25/43 | 434942 |
| Federal Home Loan Mortgage Corp. REMICS Series 5340, Class HM | Federal Home Loan Mortgage Corp. REMICS Series 5340, Class HM | Federal Home Loan Mortgage Corp. REMICS Series 5340, Class HM | Federal Home Loan Mortgage Corp. REMICS Series 5340, Class HM |
| 518675 | 5.500 | 04/25/48 | 520807 |
| Federal National Mortgage Association Grantor Trust Series 2011-T2, Class A1 | Federal National Mortgage Association Grantor Trust Series 2011-T2, Class A1 | Federal National Mortgage Association Grantor Trust Series 2011-T2, Class A1 | Federal National Mortgage Association Grantor Trust Series 2011-T2, Class A1 |
| 303936 | 2.500 | 08/25/51 | 279338 |
| Federal National Mortgage Association REMICS Series 2003-117, Class KB | Federal National Mortgage Association REMICS Series 2003-117, Class KB | Federal National Mortgage Association REMICS Series 2003-117, Class KB | Federal National Mortgage Association REMICS Series 2003-117, Class KB |
| 116180 | 6.000 | 12/25/33 | 121123 |
| Federal National Mortgage Association REMICS Series 2010-109, Class M | Federal National Mortgage Association REMICS Series 2010-109, Class M | Federal National Mortgage Association REMICS Series 2010-109, Class M | Federal National Mortgage Association REMICS Series 2010-109, Class M |
| 166119 | 3.000 | 09/25/40 | 163146 |
| Federal National Mortgage Association REMICS Series 2012-100, Class WA | Federal National Mortgage Association REMICS Series 2012-100, Class WA | Federal National Mortgage Association REMICS Series 2012-100, Class WA | Federal National Mortgage Association REMICS Series 2012-100, Class WA |
| 42771 | 1.500 | 09/25/27 | 42076 |
| Federal National Mortgage Association REMICS Series 2012-110, Class CA | Federal National Mortgage Association REMICS Series 2012-110, Class CA | Federal National Mortgage Association REMICS Series 2012-110, Class CA | Federal National Mortgage Association REMICS Series 2012-110, Class CA |
| 142718 | 3.000 | 10/25/42 | 132473 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Mortgage-Backed Obligations – (continued)** | **Mortgage-Backed Obligations – (continued)** | **Mortgage-Backed Obligations – (continued)** | **Mortgage-Backed Obligations – (continued)** |
| **Collateralized Mortgage Obligations – (continued)** | **Collateralized Mortgage Obligations – (continued)** | **Collateralized Mortgage Obligations – (continued)** | **Collateralized Mortgage Obligations – (continued)** |
| Federal National Mortgage Association REMICS Series 2012-118, Class EB | Federal National Mortgage Association REMICS Series 2012-118, Class EB | Federal National Mortgage Association REMICS Series 2012-118, Class EB | Federal National Mortgage Association REMICS Series 2012-118, Class EB |
| $36498 | 1.500% | 11/25/27 | $35907 |
| Federal National Mortgage Association REMICS Series 2013-112, Class G | Federal National Mortgage Association REMICS Series 2013-112, Class G | Federal National Mortgage Association REMICS Series 2013-112, Class G | Federal National Mortgage Association REMICS Series 2013-112, Class G |
| 400 | 2.125 | 07/25/40 | 398 |
| Federal National Mortgage Association REMICS Series 2013-16, Class FY<sup>(c)</sup>(1 mo. USD Term SOFR + 0.464%) | Federal National Mortgage Association REMICS Series 2013-16, Class FY<sup>(c)</sup>(1 mo. USD Term SOFR + 0.464%) | Federal National Mortgage Association REMICS Series 2013-16, Class FY<sup>(c)</sup>(1 mo. USD Term SOFR + 0.464%) | Federal National Mortgage Association REMICS Series 2013-16, Class FY<sup>(c)</sup>(1 mo. USD Term SOFR + 0.464%) |
| 730163 | 4.162 | 03/25/43 | 717806 |
| Federal National Mortgage Association REMICS Series 2013-6, Class BE | Federal National Mortgage Association REMICS Series 2013-6, Class BE | Federal National Mortgage Association REMICS Series 2013-6, Class BE | Federal National Mortgage Association REMICS Series 2013-6, Class BE |
| 15574 | 2.000 | 12/25/42 | 15474 |
| Federal National Mortgage Association REMICS Series 2013-74, Class YA | Federal National Mortgage Association REMICS Series 2013-74, Class YA | Federal National Mortgage Association REMICS Series 2013-74, Class YA | Federal National Mortgage Association REMICS Series 2013-74, Class YA |
| 108400 | 3.000 | 05/25/42 | 106035 |
| Federal National Mortgage Association REMICS Series 2015-15, Class CA | Federal National Mortgage Association REMICS Series 2015-15, Class CA | Federal National Mortgage Association REMICS Series 2015-15, Class CA | Federal National Mortgage Association REMICS Series 2015-15, Class CA |
| 209601 | 3.500 | 04/25/35 | 205674 |
| Federal National Mortgage Association REMICS Series 2015-19, Class CA | Federal National Mortgage Association REMICS Series 2015-19, Class CA | Federal National Mortgage Association REMICS Series 2015-19, Class CA | Federal National Mortgage Association REMICS Series 2015-19, Class CA |
| 20923 | 3.500 | 01/25/43 | 20846 |
| Federal National Mortgage Association REMICS Series 2015-2, Class PA | Federal National Mortgage Association REMICS Series 2015-2, Class PA | Federal National Mortgage Association REMICS Series 2015-2, Class PA | Federal National Mortgage Association REMICS Series 2015-2, Class PA |
| 84183 | 2.250 | 03/25/44 | 81341 |
| Federal National Mortgage Association REMICS Series 2016-104, Class BA | Federal National Mortgage Association REMICS Series 2016-104, Class BA | Federal National Mortgage Association REMICS Series 2016-104, Class BA | Federal National Mortgage Association REMICS Series 2016-104, Class BA |
| 141974 | 3.000 | 01/25/47 | 137280 |
| Federal National Mortgage Association REMICS Series 2016-53, Class BV | Federal National Mortgage Association REMICS Series 2016-53, Class BV | Federal National Mortgage Association REMICS Series 2016-53, Class BV | Federal National Mortgage Association REMICS Series 2016-53, Class BV |
| 183671 | 3.500 | 11/25/27 | 182910 |
| Federal National Mortgage Association REMICS Series 2016-96, Class A | Federal National Mortgage Association REMICS Series 2016-96, Class A | Federal National Mortgage Association REMICS Series 2016-96, Class A | Federal National Mortgage Association REMICS Series 2016-96, Class A |
| 163550 | 1.750 | 12/25/46 | 152381 |
| Federal National Mortgage Association REMICS Series 2017-7, Class JA | Federal National Mortgage Association REMICS Series 2017-7, Class JA | Federal National Mortgage Association REMICS Series 2017-7, Class JA | Federal National Mortgage Association REMICS Series 2017-7, Class JA |
| 126384 | 2.000 | 02/25/47 | 106288 |
| Federal National Mortgage Association REMICS Series 2019-10, Class PT | Federal National Mortgage Association REMICS Series 2019-10, Class PT | Federal National Mortgage Association REMICS Series 2019-10, Class PT | Federal National Mortgage Association REMICS Series 2019-10, Class PT |
| 164688 | 3.500 | 03/25/49 | 160827 |
| Federal National Mortgage Association REMICS Series 2020-35, Class MA | Federal National Mortgage Association REMICS Series 2020-35, Class MA | Federal National Mortgage Association REMICS Series 2020-35, Class MA | Federal National Mortgage Association REMICS Series 2020-35, Class MA |
| 200411 | 2.000 | 12/25/43 | 191885 |
| Federal National Mortgage Association REMICS Series 2020-45, Class CB | Federal National Mortgage Association REMICS Series 2020-45, Class CB | Federal National Mortgage Association REMICS Series 2020-45, Class CB | Federal National Mortgage Association REMICS Series 2020-45, Class CB |
| 334252 | 2.000 | 02/25/44 | 319509 |
| Federal National Mortgage Association REMICS Series 2020-56, Class AH | Federal National Mortgage Association REMICS Series 2020-56, Class AH | Federal National Mortgage Association REMICS Series 2020-56, Class AH | Federal National Mortgage Association REMICS Series 2020-56, Class AH |
| 337358 | 2.000 | 05/25/45 | 318280 |
| Federal National Mortgage Association REMICS Series 2025-82, Class AE | Federal National Mortgage Association REMICS Series 2025-82, Class AE | Federal National Mortgage Association REMICS Series 2025-82, Class AE | Federal National Mortgage Association REMICS Series 2025-82, Class AE |
| 441585 | 4.750 | 08/25/52 | 441610 |
| GCAT Trust Series 2021-NQM6, Class A1<sup>(a)(c)(d)</sup> | GCAT Trust Series 2021-NQM6, Class A1<sup>(a)(c)(d)</sup> | GCAT Trust Series 2021-NQM6, Class A1<sup>(a)(c)(d)</sup> | GCAT Trust Series 2021-NQM6, Class A1<sup>(a)(c)(d)</sup> |
| 252210 | 1.855 | 08/25/66 | 232313 |
| Government National Mortgage Association REMICS Series 2010-14, Class PA | Government National Mortgage Association REMICS Series 2010-14, Class PA | Government National Mortgage Association REMICS Series 2010-14, Class PA | Government National Mortgage Association REMICS Series 2010-14, Class PA |
| 1778 | 3.000 | 02/20/40 | 1762 |

---

------

THE SHORT-TERM GOVERNMENT FUND

## Schedule of Investments (continued)
*January 31, 2026 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Mortgage-Backed Obligations – (continued)** | **Mortgage-Backed Obligations – (continued)** | **Mortgage-Backed Obligations – (continued)** | **Mortgage-Backed Obligations – (continued)** |
| **Collateralized Mortgage Obligations – (continued)** | **Collateralized Mortgage Obligations – (continued)** | **Collateralized Mortgage Obligations – (continued)** | **Collateralized Mortgage Obligations – (continued)** |
| Government National Mortgage Association REMICS Series 2013-14, Class AP | Government National Mortgage Association REMICS Series 2013-14, Class AP | Government National Mortgage Association REMICS Series 2013-14, Class AP | Government National Mortgage Association REMICS Series 2013-14, Class AP |
| $561115 | 1.750% | 12/20/42 | $503378 |
| Government National Mortgage Association REMICS Series 2013-188, Class LE | Government National Mortgage Association REMICS Series 2013-188, Class LE | Government National Mortgage Association REMICS Series 2013-188, Class LE | Government National Mortgage Association REMICS Series 2013-188, Class LE |
| 340207 | 2.500 | 11/16/43 | 321154 |
| Government National Mortgage Association REMICS Series 2014-131, Class DM | Government National Mortgage Association REMICS Series 2014-131, Class DM | Government National Mortgage Association REMICS Series 2014-131, Class DM | Government National Mortgage Association REMICS Series 2014-131, Class DM |
| 29200 | 3.000 | 02/20/44 | 28955 |
| Government National Mortgage Association REMICS Series 2015-65, Class BD | Government National Mortgage Association REMICS Series 2015-65, Class BD | Government National Mortgage Association REMICS Series 2015-65, Class BD | Government National Mortgage Association REMICS Series 2015-65, Class BD |
| 170064 | 2.250 | 05/20/45 | 153362 |
| Government National Mortgage Association REMICS Series 2015-94, Class AT | Government National Mortgage Association REMICS Series 2015-94, Class AT | Government National Mortgage Association REMICS Series 2015-94, Class AT | Government National Mortgage Association REMICS Series 2015-94, Class AT |
| 142972 | 2.250 | 07/16/45 | 130077 |
| Government National Mortgage Association REMICS Series 2019-11, Class MA | Government National Mortgage Association REMICS Series 2019-11, Class MA | Government National Mortgage Association REMICS Series 2019-11, Class MA | Government National Mortgage Association REMICS Series 2019-11, Class MA |
| 87285 | 3.000 | 01/20/47 | 84245 |
| Government National Mortgage Association REMICS Series 2019-21, Class MA | Government National Mortgage Association REMICS Series 2019-21, Class MA | Government National Mortgage Association REMICS Series 2019-21, Class MA | Government National Mortgage Association REMICS Series 2019-21, Class MA |
| 185505 | 3.500 | 09/20/47 | 181038 |
| Government National Mortgage Association REMICS Series 2023-49, Class A | Government National Mortgage Association REMICS Series 2023-49, Class A | Government National Mortgage Association REMICS Series 2023-49, Class A | Government National Mortgage Association REMICS Series 2023-49, Class A |
| 272041 | 4.500 | 07/20/48 | 271950 |
| GS Mortgage-Backed Securities Trust Series 2020-NQM1, Class A1<sup>(a)(c)(d)</sup> | GS Mortgage-Backed Securities Trust Series 2020-NQM1, Class A1<sup>(a)(c)(d)</sup> | GS Mortgage-Backed Securities Trust Series 2020-NQM1, Class A1<sup>(a)(c)(d)</sup> | GS Mortgage-Backed Securities Trust Series 2020-NQM1, Class A1<sup>(a)(c)(d)</sup> |
| 63883 | 1.382 | 09/27/60 | 61132 |
| GSR Mortgage Loan Trust Series 2005-AR3, Class 2A1<sup>(c)</sup>(1 mo. USD Term SOFR + 0.554%) | GSR Mortgage Loan Trust Series 2005-AR3, Class 2A1<sup>(c)</sup>(1 mo. USD Term SOFR + 0.554%) | GSR Mortgage Loan Trust Series 2005-AR3, Class 2A1<sup>(c)</sup>(1 mo. USD Term SOFR + 0.554%) | GSR Mortgage Loan Trust Series 2005-AR3, Class 2A1<sup>(c)</sup>(1 mo. USD Term SOFR + 0.554%) |
| 36869 | 4.227 | 05/25/35 | 30033 |
| GSR Mortgage Loan Trust Series 2006-AR1, Class 2A4<sup>(c)(d)</sup> | GSR Mortgage Loan Trust Series 2006-AR1, Class 2A4<sup>(c)(d)</sup> | GSR Mortgage Loan Trust Series 2006-AR1, Class 2A4<sup>(c)(d)</sup> | GSR Mortgage Loan Trust Series 2006-AR1, Class 2A4<sup>(c)(d)</sup> |
| 110459 | 4.488 | 01/25/36 | 102756 |
| Impac CMB Trust Series 2003-2F, Class A<sup>(b)</sup> | Impac CMB Trust Series 2003-2F, Class A<sup>(b)</sup> | Impac CMB Trust Series 2003-2F, Class A<sup>(b)</sup> | Impac CMB Trust Series 2003-2F, Class A<sup>(b)</sup> |
| 17841 | 5.730 | 01/25/33 | 18022 |
| Impac Secured Assets Trust Series 2006-1, Class 2A1<sup>(c)</sup>(1 mo. USD Term SOFR + 0.814%) | Impac Secured Assets Trust Series 2006-1, Class 2A1<sup>(c)</sup>(1 mo. USD Term SOFR + 0.814%) | Impac Secured Assets Trust Series 2006-1, Class 2A1<sup>(c)</sup>(1 mo. USD Term SOFR + 0.814%) | Impac Secured Assets Trust Series 2006-1, Class 2A1<sup>(c)</sup>(1 mo. USD Term SOFR + 0.814%) |
| 66750 | 4.487 | 05/25/36 | 63482 |
| IndyMac INDX Mortgage Loan Trust Series 2004-AR6, Class 6A1<sup>(c)(d)</sup> | IndyMac INDX Mortgage Loan Trust Series 2004-AR6, Class 6A1<sup>(c)(d)</sup> | IndyMac INDX Mortgage Loan Trust Series 2004-AR6, Class 6A1<sup>(c)(d)</sup> | IndyMac INDX Mortgage Loan Trust Series 2004-AR6, Class 6A1<sup>(c)(d)</sup> |
| 24070 | 5.358 | 10/25/34 | 22730 |
| JPMorgan Mortgage Trust Series 2016-4, Class A3<sup>(a)(c)(d)</sup> | JPMorgan Mortgage Trust Series 2016-4, Class A3<sup>(a)(c)(d)</sup> | JPMorgan Mortgage Trust Series 2016-4, Class A3<sup>(a)(c)(d)</sup> | JPMorgan Mortgage Trust Series 2016-4, Class A3<sup>(a)(c)(d)</sup> |
| 81095 | 3.500 | 10/25/46 | 74785 |
| Lehman XS Trust Series 2005-7N, Class 1A1A<sup>(c)</sup>(1 mo. USD Term SOFR + 0.654%) | Lehman XS Trust Series 2005-7N, Class 1A1A<sup>(c)</sup>(1 mo. USD Term SOFR + 0.654%) | Lehman XS Trust Series 2005-7N, Class 1A1A<sup>(c)</sup>(1 mo. USD Term SOFR + 0.654%) | Lehman XS Trust Series 2005-7N, Class 1A1A<sup>(c)</sup>(1 mo. USD Term SOFR + 0.654%) |
| 47459 | 4.327 | 12/25/35 | 45195 |
| MASTR Adjustable Rate Mortgages Trust Series 2004-13, Class 2A1<sup>(c)(d)</sup> | MASTR Adjustable Rate Mortgages Trust Series 2004-13, Class 2A1<sup>(c)(d)</sup> | MASTR Adjustable Rate Mortgages Trust Series 2004-13, Class 2A1<sup>(c)(d)</sup> | MASTR Adjustable Rate Mortgages Trust Series 2004-13, Class 2A1<sup>(c)(d)</sup> |
| 16791 | 6.258 | 04/21/34 | 16550 |
| MFA Trust Series 2021-NQM1, Class A1<sup>(a)(c)(d)</sup> | MFA Trust Series 2021-NQM1, Class A1<sup>(a)(c)(d)</sup> | MFA Trust Series 2021-NQM1, Class A1<sup>(a)(c)(d)</sup> | MFA Trust Series 2021-NQM1, Class A1<sup>(a)(c)(d)</sup> |
| 110436 | 1.153 | 04/25/65 | 104183 |
| MFA Trust Series 2021-NQM2, Class A1<sup>(a)(c)(d)</sup> | MFA Trust Series 2021-NQM2, Class A1<sup>(a)(c)(d)</sup> | MFA Trust Series 2021-NQM2, Class A1<sup>(a)(c)(d)</sup> | MFA Trust Series 2021-NQM2, Class A1<sup>(a)(c)(d)</sup> |
| 165067 | 1.029 | 11/25/64 | 147015 |
| MortgageIT Trust Series 2005-1, Class 1A1<sup>(c)</sup>(1 mo. USD Term SOFR + 0.754%) | MortgageIT Trust Series 2005-1, Class 1A1<sup>(c)</sup>(1 mo. USD Term SOFR + 0.754%) | MortgageIT Trust Series 2005-1, Class 1A1<sup>(c)</sup>(1 mo. USD Term SOFR + 0.754%) | MortgageIT Trust Series 2005-1, Class 1A1<sup>(c)</sup>(1 mo. USD Term SOFR + 0.754%) |
| 63073 | 4.427 | 02/25/35 | 64303 |
| MortgageIT Trust Series 2005-1, Class 1A2<sup>(c)</sup>(1 mo. USD Term SOFR + 0.894%) | MortgageIT Trust Series 2005-1, Class 1A2<sup>(c)</sup>(1 mo. USD Term SOFR + 0.894%) | MortgageIT Trust Series 2005-1, Class 1A2<sup>(c)</sup>(1 mo. USD Term SOFR + 0.894%) | MortgageIT Trust Series 2005-1, Class 1A2<sup>(c)</sup>(1 mo. USD Term SOFR + 0.894%) |
| 54252 | 4.567 | 02/25/35 | 54732 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Mortgage-Backed Obligations – (continued)** | **Mortgage-Backed Obligations – (continued)** | **Mortgage-Backed Obligations – (continued)** | **Mortgage-Backed Obligations – (continued)** |
| **Collateralized Mortgage Obligations – (continued)** | **Collateralized Mortgage Obligations – (continued)** | **Collateralized Mortgage Obligations – (continued)** | **Collateralized Mortgage Obligations – (continued)** |
| New Residential Mortgage Loan Trust Series 2019-RPL3, Class A1<sup>(a)(c)(d)</sup> | New Residential Mortgage Loan Trust Series 2019-RPL3, Class A1<sup>(a)(c)(d)</sup> | New Residential Mortgage Loan Trust Series 2019-RPL3, Class A1<sup>(a)(c)(d)</sup> | New Residential Mortgage Loan Trust Series 2019-RPL3, Class A1<sup>(a)(c)(d)</sup> |
| $316559 | 2.750% | 07/25/59 | $308126 |
| OBX Trust Series 2025-NQM4, Class A1<sup>(a)(b)</sup> | OBX Trust Series 2025-NQM4, Class A1<sup>(a)(b)</sup> | OBX Trust Series 2025-NQM4, Class A1<sup>(a)(b)</sup> | OBX Trust Series 2025-NQM4, Class A1<sup>(a)(b)</sup> |
| 263989 | 5.400 | 02/25/55 | 266536 |
| RALI Trust Series 2004-QA4, Class NB21<sup>(c)(d)</sup> | RALI Trust Series 2004-QA4, Class NB21<sup>(c)(d)</sup> | RALI Trust Series 2004-QA4, Class NB21<sup>(c)(d)</sup> | RALI Trust Series 2004-QA4, Class NB21<sup>(c)(d)</sup> |
| 5850 | 5.359 | 09/25/34 | 5668 |
| Sequoia Mortgage Trust Series 2003-2, Class A1<sup>(c)</sup>(1 mo. USD Term SOFR + 0.774%) | Sequoia Mortgage Trust Series 2003-2, Class A1<sup>(c)</sup>(1 mo. USD Term SOFR + 0.774%) | Sequoia Mortgage Trust Series 2003-2, Class A1<sup>(c)</sup>(1 mo. USD Term SOFR + 0.774%) | Sequoia Mortgage Trust Series 2003-2, Class A1<sup>(c)</sup>(1 mo. USD Term SOFR + 0.774%) |
| 3673 | 4.450 | 06/20/33 | 3654 |
| Sequoia Mortgage Trust Series 2010, Class 1A<sup>(c)</sup>(1 mo. USD Term SOFR + 0.914%) | Sequoia Mortgage Trust Series 2010, Class 1A<sup>(c)</sup>(1 mo. USD Term SOFR + 0.914%) | Sequoia Mortgage Trust Series 2010, Class 1A<sup>(c)</sup>(1 mo. USD Term SOFR + 0.914%) | Sequoia Mortgage Trust Series 2010, Class 1A<sup>(c)</sup>(1 mo. USD Term SOFR + 0.914%) |
| 1708 | 4.590 | 10/20/27 | 1620 |
| Vendee Mortgage Trust Series 1996-2, Class 1Z | Vendee Mortgage Trust Series 1996-2, Class 1Z | Vendee Mortgage Trust Series 1996-2, Class 1Z | Vendee Mortgage Trust Series 1996-2, Class 1Z |
| 2258 | 6.750 | 06/15/26 | 2260 |
| Verus Securitization Trust Series 2021-2, Class A1<sup>(a)(c)(d)</sup> | Verus Securitization Trust Series 2021-2, Class A1<sup>(a)(c)(d)</sup> | Verus Securitization Trust Series 2021-2, Class A1<sup>(a)(c)(d)</sup> | Verus Securitization Trust Series 2021-2, Class A1<sup>(a)(c)(d)</sup> |
| 195428 | 1.031 | 02/25/66 | 179598 |
| **TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS<br>(Cost $10,644,650)** | **TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS<br>(Cost $10,644,650)** | **TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS<br>(Cost $10,644,650)** | $10287359 |
| **Commercial Mortgage Obligations – 3.8%** | **Commercial Mortgage Obligations – 3.8%** | **Commercial Mortgage Obligations – 3.8%** | **Commercial Mortgage Obligations – 3.8%** |
| Government National Mortgage Association REMICS Series 2018-170, Class V | Government National Mortgage Association REMICS Series 2018-170, Class V | Government National Mortgage Association REMICS Series 2018-170, Class V | Government National Mortgage Association REMICS Series 2018-170, Class V |
| 207080 | 3.250 | 10/16/35 | 196661 |
| Government National Mortgage Association REMICS Series 2022-196, Class AB | Government National Mortgage Association REMICS Series 2022-196, Class AB | Government National Mortgage Association REMICS Series 2022-196, Class AB | Government National Mortgage Association REMICS Series 2022-196, Class AB |
| 420337 | 3.250 | 04/16/54 | 395027 |
| Government National Mortgage Association REMICS Series 2022-199, Class A | Government National Mortgage Association REMICS Series 2022-199, Class A | Government National Mortgage Association REMICS Series 2022-199, Class A | Government National Mortgage Association REMICS Series 2022-199, Class A |
| 588570 | 3.250 | 02/16/54 | 556422 |
| **TOTAL COMMERCIAL MORTGAGE OBLIGATIONS<br>(Cost $1,129,215)** | **TOTAL COMMERCIAL MORTGAGE OBLIGATIONS<br>(Cost $1,129,215)** | **TOTAL COMMERCIAL MORTGAGE OBLIGATIONS<br>(Cost $1,129,215)** | $1148110 |
| **Federal Agencies – 10.4%** | **Federal Agencies – 10.4%** | **Federal Agencies – 10.4%** | **Federal Agencies – 10.4%** |
| Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. |
| 1079 | 5.000 | 05/01/27 | 1082 |
| 25799 | 2.500 | 04/01/28 | 25486 |
| (RFUCC 1 yr. Treasury + 1.600%), | (RFUCC 1 yr. Treasury + 1.600%), | (RFUCC 1 yr. Treasury + 1.600%), | (RFUCC 1 yr. Treasury + 1.600%), |
| 93047 | 6.279 <sup>(c)</sup> | 07/01/45 | 96477 |
| (RFUCC 1 yr. Treasury + 1.576%), | (RFUCC 1 yr. Treasury + 1.576%), | (RFUCC 1 yr. Treasury + 1.576%), | (RFUCC 1 yr. Treasury + 1.576%), |
| 39968 | 6.286 <sup>(c)</sup> | 07/01/46 | 41381 |
| Federal National Mortgage Association | Federal National Mortgage Association | Federal National Mortgage Association | Federal National Mortgage Association |
| 34429 | 3.500 | 10/01/26 | 34291 |
| 28244 | 3.500 | 12/01/27 | 28093 |
| 47136 | 2.500 | 03/01/28 | 46429 |
| 106771 | 2.500 | 05/01/28 | 105140 |
| 37216 | 3.000 | 05/01/28 | 36899 |
| 74781 | 2.500 | 07/01/28 | 73523 |
| 50617 | 3.000 | 09/01/28 | 50093 |
| 47414 | 2.500 | 01/01/30 | 46527 |
| 93521 | 3.500 | 10/01/32 | 92016 |
| 197207 | 3.000 | 08/01/33 | 188572 |
| (RFUCC 1 yr. Treasury + 1.599%), | (RFUCC 1 yr. Treasury + 1.599%), | (RFUCC 1 yr. Treasury + 1.599%), | (RFUCC 1 yr. Treasury + 1.599%), |
| 18370 | 5.990 <sup>(c)</sup> | 12/01/45 | 19024 |
| Government National Mortgage Association, (1 yr. CMT + 1.500%) | Government National Mortgage Association, (1 yr. CMT + 1.500%) | Government National Mortgage Association, (1 yr. CMT + 1.500%) | Government National Mortgage Association, (1 yr. CMT + 1.500%) |
| 57 | 5.625 <sup>(c)</sup> | 04/20/26 | 57 |
| 98 | 5.375 <sup>(c)</sup> | 08/20/26 | 98 |
| 618 | 5.625 <sup>(c)</sup> | 01/20/28 | 617 |

---

------

THE SHORT-TERM GOVERNMENT FUND

*January 31, 2026 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Mortgage-Backed Obligations – (continued)** | **Mortgage-Backed Obligations – (continued)** | **Mortgage-Backed Obligations – (continued)** | **Mortgage-Backed Obligations – (continued)** |
| **Federal Agencies – (continued)** | **Federal Agencies – (continued)** | **Federal Agencies – (continued)** | **Federal Agencies – (continued)** |
| Government National Mortgage Association, (continued) | Government National Mortgage Association, (continued) | Government National Mortgage Association, (continued) | Government National Mortgage Association, (continued) |
| $495446 | 4.500 %<sup>(c)</sup> | 08/20/55 | $497768 |
| Uniform Mortgage-Backed Security | Uniform Mortgage-Backed Security | Uniform Mortgage-Backed Security | Uniform Mortgage-Backed Security |
| 18306 | 3.000 | 11/01/26 | 18202 |
| 5608 | 3.000 | 12/01/26 | 5578 |
| 88462 | 2.000 | 01/01/31 | 85661 |
| 1356 | 7.000 | 11/01/31 | 1416 |
| 71973 | 5.000 | 02/01/32 | 72865 |
| 42207 | 6.000 | 07/01/33 | 43199 |
| 214870 | 3.500 | 07/01/34 | 210319 |
| 138278 | 3.500 | 08/01/35 | 134953 |
| 721447 | 3.500 | 08/01/42 | 692623 |
| (1 mo. USD Term SOFR + 2.196%), | (1 mo. USD Term SOFR + 2.196%), | (1 mo. USD Term SOFR + 2.196%), | (1 mo. USD Term SOFR + 2.196%), |
| 494871 | 4.272 <sup>(c)</sup> | 09/01/55 | 491398 |
| **TOTAL FEDERAL AGENCIES<br>(Cost $3,172,766)** | **TOTAL FEDERAL AGENCIES<br>(Cost $3,172,766)** | **TOTAL FEDERAL AGENCIES<br>(Cost $3,172,766)** | $3139787 |
| **TOTAL MORTGAGE-BACKED OBLIGATIONS<br>(Cost $14,946,631)** | **TOTAL MORTGAGE-BACKED OBLIGATIONS<br>(Cost $14,946,631)** | **TOTAL MORTGAGE-BACKED OBLIGATIONS<br>(Cost $14,946,631)** | $14575256 |
| **U.S. Treasury Obligations – 43.5%** | **U.S. Treasury Obligations – 43.5%** | **U.S. Treasury Obligations – 43.5%** | **U.S. Treasury Obligations – 43.5%** |
| U.S. Treasury Bills<sup>(e)</sup> | U.S. Treasury Bills<sup>(e)</sup> | U.S. Treasury Bills<sup>(e)</sup> | U.S. Treasury Bills<sup>(e)</sup> |
| $500000 | 0.000 | 02/19/26 | $499150 |
| 600000 | 0.000 | 03/19/26 | 597280 |
| 1000000 | 0.000 | 04/16/26 | 992718 |
| 1000000 | 0.000 | 06/04/26 | 987961 |
| 500000 | 0.000 | 07/09/26 | 492303 |
| U.S. Treasury Notes | U.S. Treasury Notes | U.S. Treasury Notes | U.S. Treasury Notes |
| 500000 | 3.750 | 08/31/26 | 500321 |
| 300000 | 1.250 | 11/30/26 | 294328 |
| 1000000 | 1.750 | 12/31/26 | 983883 |
| 600000 | 1.500 | 01/31/27 | 588037 |
| 2500000 | 2.625 | 07/31/29 | 2415527 |
| 300000 | 1.625 | 08/15/29 | 279984 |
| 700000 | 3.875 | 09/30/29 | 704430 |
| 350000 | 4.125 | 10/31/29 | 355195 |
| 600000 | 3.875 | 11/30/29 | 603539 |
| 2800000 | 3.875 | 12/31/29 | 2816516 |
| **TOTAL U.S. TREASURY OBLIGATIONS<br>(Cost $12,905,552)** | **TOTAL U.S. TREASURY OBLIGATIONS<br>(Cost $12,905,552)** | **TOTAL U.S. TREASURY OBLIGATIONS<br>(Cost $12,905,552)** | $13111172 |
| **U.S. Government Agency Obligation<sup>(f)</sup> – 1.7%** | **U.S. Government Agency Obligation<sup>(f)</sup> – 1.7%** | **U.S. Government Agency Obligation<sup>(f)</sup> – 1.7%** | **U.S. Government Agency Obligation<sup>(f)</sup> – 1.7%** |
| Federal Home Loan Banks | Federal Home Loan Banks | Federal Home Loan Banks | Federal Home Loan Banks |
| $500000 | 4.250% | 03/28/30 | $503264 |
| **(Cost $500,000)** | **(Cost $500,000)** | **(Cost $500,000)** | **(Cost $500,000)** |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Asset-Backed Securities<sup>(c)</sup> – 0.8%** | **Asset-Backed Securities<sup>(c)</sup> – 0.8%** | **Asset-Backed Securities<sup>(c)</sup> – 0.8%** | **Asset-Backed Securities<sup>(c)</sup> – 0.8%** |
| **Home Equity – 0.5%** | **Home Equity – 0.5%** | **Home Equity – 0.5%** | **Home Equity – 0.5%** |
| Morgan Stanley ABS Capital I, Inc. Trust Series 2002-HE3, Class A2(1 mo. USD Term SOFR + 1.194%) | Morgan Stanley ABS Capital I, Inc. Trust Series 2002-HE3, Class A2(1 mo. USD Term SOFR + 1.194%) | Morgan Stanley ABS Capital I, Inc. Trust Series 2002-HE3, Class A2(1 mo. USD Term SOFR + 1.194%) | Morgan Stanley ABS Capital I, Inc. Trust Series 2002-HE3, Class A2(1 mo. USD Term SOFR + 1.194%) |
| $3930 | 4.867% | 03/25/33 | $3929 |
| Terwin Mortgage Trust Series 2004-7HE, Class A3<sup>(a)</sup>(1 mo. USD Term SOFR + 1.514%) | Terwin Mortgage Trust Series 2004-7HE, Class A3<sup>(a)</sup>(1 mo. USD Term SOFR + 1.514%) | Terwin Mortgage Trust Series 2004-7HE, Class A3<sup>(a)</sup>(1 mo. USD Term SOFR + 1.514%) | Terwin Mortgage Trust Series 2004-7HE, Class A3<sup>(a)</sup>(1 mo. USD Term SOFR + 1.514%) |
| 101428 | 5.187 | 07/25/34 | 99927 |
| Terwin Mortgage Trust Series 2004-9HE, Class A1<sup>(a)</sup>(1 mo. USD Term SOFR + 0.914%) | Terwin Mortgage Trust Series 2004-9HE, Class A1<sup>(a)</sup>(1 mo. USD Term SOFR + 0.914%) | Terwin Mortgage Trust Series 2004-9HE, Class A1<sup>(a)</sup>(1 mo. USD Term SOFR + 0.914%) | Terwin Mortgage Trust Series 2004-9HE, Class A1<sup>(a)</sup>(1 mo. USD Term SOFR + 0.914%) |
| 40121 | 4.587 | 09/25/34 | 38392 |
|  |  |  | 142248 |
| **Other – 0.3%** | **Other – 0.3%** | **Other – 0.3%** | **Other – 0.3%** |
| Countrywide Asset-Backed Certificates Trust Series 2004-6, Class 2A4(1 mo. USD Term SOFR + 1.014%) | Countrywide Asset-Backed Certificates Trust Series 2004-6, Class 2A4(1 mo. USD Term SOFR + 1.014%) | Countrywide Asset-Backed Certificates Trust Series 2004-6, Class 2A4(1 mo. USD Term SOFR + 1.014%) | Countrywide Asset-Backed Certificates Trust Series 2004-6, Class 2A4(1 mo. USD Term SOFR + 1.014%) |
| 111391 | 4.687 | 11/25/34 | 109934 |
| **TOTAL ASSET-BACKED SECURITIES<br>(Cost $229,398)** | **TOTAL ASSET-BACKED SECURITIES<br>(Cost $229,398)** | **TOTAL ASSET-BACKED SECURITIES<br>(Cost $229,398)** | $252182 |
| **Shares** | **Dividend**<br> **Rate** | **Dividend**<br> **Rate** | **Value** |
| **Investment Company – 5.7%** | **Investment Company – 5.7%** | **Investment Company – 5.7%** | **Investment Company – 5.7%** |
| State Street Institutional US Government Money Market Fund – Premier Class | State Street Institutional US Government Money Market Fund – Premier Class | State Street Institutional US Government Money Market Fund – Premier Class | State Street Institutional US Government Money Market Fund – Premier Class |
| 1712994 | 3.650% |  | $1712994 |
| **(Cost $1,712,994)** | **(Cost $1,712,994)** | **(Cost $1,712,994)** | **(Cost $1,712,994)** |
| **TOTAL INVESTMENTS – 100.1%<br>(Cost $30,294,575)** | **TOTAL INVESTMENTS – 100.1%<br>(Cost $30,294,575)** | **TOTAL INVESTMENTS – 100.1%<br>(Cost $30,294,575)** | $30154868 |
| **LIABILITIES IN EXCESS OF**<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**OTHER ASSETS – (0.1)%** | **LIABILITIES IN EXCESS OF**<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**OTHER ASSETS – (0.1)%** | **LIABILITIES IN EXCESS OF**<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**OTHER ASSETS – (0.1)%** | (29873) |
| **NET ASSETS – 100.0%** | **NET ASSETS – 100.0%** | **NET ASSETS – 100.0%** | $30124995 |

---

---

| | |
|:---|:---|
| The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets. | The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets. |
| (a) | 144A securities. Securities restricted for resale to Qualified Institutional Buyers. |
| (b) | Step-up Bond. Coupon rate increases in increments to maturity. Rate disclosed is as of January 31, 2026. Maturity date disclosed is the ultimate maturity. |
| (c) | Variable rate security. The interest rate shown reflects the rate as of January 31, 2026. |
| (d) | Rate shown is that which is in effect on January 31, 2026. 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. |
| (e) | Security issued with a zero coupon. The actual effective yield of this security is different than the stated coupon due to the accretion of discount. |
| (f) | Security with "Call" features with resetting interest rates. |

---

---

| | |
|:---|:---|
| **Investment Abbreviations:** | **Investment Abbreviations:** |
| REMICS | — Real Estate Mortgage Investment Conduit |
| RFUCC | — Refinitive USD IBOR Consumer Cash Fallbacks 1 Year |
| SOFR | — Secured Overnight Financing Rate |

---

------

THE NATIONAL TAX-FREE INTERMEDIATE BOND FUND

## Schedule of Investments
*January 31, 2026 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Municipal Bond Obligations – 98.9%** | **Municipal Bond Obligations – 98.9%** | **Municipal Bond Obligations – 98.9%** | **Municipal Bond Obligations – 98.9%** |
| **Alabama<sup>(a)</sup> – 3.1%** | **Alabama<sup>(a)</sup> – 3.1%** | **Alabama<sup>(a)</sup> – 3.1%** | **Alabama<sup>(a)</sup> – 3.1%** |
| Alabama Housing Finance Authority Revenue Bonds Series C (FHLMC/FNMA/GNMA) (NR/Aa1) | Alabama Housing Finance Authority Revenue Bonds Series C (FHLMC/FNMA/GNMA) (NR/Aa1) | Alabama Housing Finance Authority Revenue Bonds Series C (FHLMC/FNMA/GNMA) (NR/Aa1) | Alabama Housing Finance Authority Revenue Bonds Series C (FHLMC/FNMA/GNMA) (NR/Aa1) |
| $530000 | 3.750% | 04/01/35 | $540779 |
| 545000 | 3.800 | 10/01/35 | 554322 |
| 560000 | 3.900 | 04/01/36 | 570447 |
| 450000 | 3.950 | 10/01/36 | 457988 |
| 590000 | 4.000 | 04/01/37 | 601368 |
| 505000 | 4.000 | 10/01/37 | 514905 |
| Southeast Energy Authority A Cooperative District Revenue Bonds Series 2025 C (NR/Aa1)<sup>(b)(c)</sup> | Southeast Energy Authority A Cooperative District Revenue Bonds Series 2025 C (NR/Aa1)<sup>(b)(c)</sup> | Southeast Energy Authority A Cooperative District Revenue Bonds Series 2025 C (NR/Aa1)<sup>(b)(c)</sup> | Southeast Energy Authority A Cooperative District Revenue Bonds Series 2025 C (NR/Aa1)<sup>(b)(c)</sup> |
| 5000000 | 5.000 | 05/01/55 | 5348557 |
| Special Care Facilities Financing Authority of the City of Pell City Alabama Revenue Bonds (Refunding - Noland Health Services Inc.) Series 2021 (A/NR) | Special Care Facilities Financing Authority of the City of Pell City Alabama Revenue Bonds (Refunding - Noland Health Services Inc.) Series 2021 (A/NR) | Special Care Facilities Financing Authority of the City of Pell City Alabama Revenue Bonds (Refunding - Noland Health Services Inc.) Series 2021 (A/NR) | Special Care Facilities Financing Authority of the City of Pell City Alabama Revenue Bonds (Refunding - Noland Health Services Inc.) Series 2021 (A/NR) |
| 2255000 | 5.000 | 12/01/31 | 2479626 |
|  |  |  | 11067992 |
| **Alaska<sup>(a)</sup> – 0.3%** | **Alaska<sup>(a)</sup> – 0.3%** | **Alaska<sup>(a)</sup> – 0.3%** | **Alaska<sup>(a)</sup> – 0.3%** |
| Alaska State Municipal Bond Bank Authority Revenue Bonds (Master Resolution) Series A (AA-/NR) | Alaska State Municipal Bond Bank Authority Revenue Bonds (Master Resolution) Series A (AA-/NR) | Alaska State Municipal Bond Bank Authority Revenue Bonds (Master Resolution) Series A (AA-/NR) | Alaska State Municipal Bond Bank Authority Revenue Bonds (Master Resolution) Series A (AA-/NR) |
| 1000000 | 5.000 | 10/01/28 | 1041979 |
| Alaska State Municipal Bond Bank Authority Revenue Bonds Series B (AMT) (AA-/NR) | Alaska State Municipal Bond Bank Authority Revenue Bonds Series B (AMT) (AA-/NR) | Alaska State Municipal Bond Bank Authority Revenue Bonds Series B (AMT) (AA-/NR) | Alaska State Municipal Bond Bank Authority Revenue Bonds Series B (AMT) (AA-/NR) |
| 80000 | 5.000 | 03/01/27 | 80136 |
|  |  |  | 1122115 |
| **Arizona<sup>(a)</sup> – 0.6%** | **Arizona<sup>(a)</sup> – 0.6%** | **Arizona<sup>(a)</sup> – 0.6%** | **Arizona<sup>(a)</sup> – 0.6%** |
| Arizona Industrial Development Authority Revenue Bonds Series 2022 (A+/NR) | Arizona Industrial Development Authority Revenue Bonds Series 2022 (A+/NR) | Arizona Industrial Development Authority Revenue Bonds Series 2022 (A+/NR) | Arizona Industrial Development Authority Revenue Bonds Series 2022 (A+/NR) |
| 2285000 | 4.000 | 11/01/39 | 2260277 |
| **Arkansas<sup>(a)</sup> – 0.3%** | **Arkansas<sup>(a)</sup> – 0.3%** | **Arkansas<sup>(a)</sup> – 0.3%** | **Arkansas<sup>(a)</sup> – 0.3%** |
| City of Benton AR Public Utilities Revenue Bonds (Taxable-Refunding) Series 2020 (NR/A1) | City of Benton AR Public Utilities Revenue Bonds (Taxable-Refunding) Series 2020 (NR/A1) | City of Benton AR Public Utilities Revenue Bonds (Taxable-Refunding) Series 2020 (NR/A1) | City of Benton AR Public Utilities Revenue Bonds (Taxable-Refunding) Series 2020 (NR/A1) |
| 250000 | 2.400 | 09/01/27 | 244479 |
| City of Forrest City AR Sales & Use Tax Revenue Bonds Series 2021 (A-/NR) | City of Forrest City AR Sales & Use Tax Revenue Bonds Series 2021 (A-/NR) | City of Forrest City AR Sales & Use Tax Revenue Bonds Series 2021 (A-/NR) | City of Forrest City AR Sales & Use Tax Revenue Bonds Series 2021 (A-/NR) |
| 675000 | 3.000 | 11/01/30 | 678003 |
|  |  |  | 922482 |
| **Colorado – 4.7%** | **Colorado – 4.7%** | **Colorado – 4.7%** | **Colorado – 4.7%** |
| Adams & Weld Counties CO School District No. 27J Brighton GO Bonds Series 2017 (AA/Aa2)<sup>(a)</sup> | Adams & Weld Counties CO School District No. 27J Brighton GO Bonds Series 2017 (AA/Aa2)<sup>(a)</sup> | Adams & Weld Counties CO School District No. 27J Brighton GO Bonds Series 2017 (AA/Aa2)<sup>(a)</sup> | Adams & Weld Counties CO School District No. 27J Brighton GO Bonds Series 2017 (AA/Aa2)<sup>(a)</sup> |
| 2055000 | 5.000 | 12/01/42 | 2108929 |
| Adams County CO Certificates of Participation Series 2021 (A/NR)<sup>(a)</sup> | Adams County CO Certificates of Participation Series 2021 (A/NR)<sup>(a)</sup> | Adams County CO Certificates of Participation Series 2021 (A/NR)<sup>(a)</sup> | Adams County CO Certificates of Participation Series 2021 (A/NR)<sup>(a)</sup> |
| 550000 | 4.000 | 12/01/36 | 559064 |
| Boulder Valley School CO District No. Re-2 Boulder GO Bonds Series 2015 (AA+/Aa1)<sup>(a)</sup> | Boulder Valley School CO District No. Re-2 Boulder GO Bonds Series 2015 (AA+/Aa1)<sup>(a)</sup> | Boulder Valley School CO District No. Re-2 Boulder GO Bonds Series 2015 (AA+/Aa1)<sup>(a)</sup> | Boulder Valley School CO District No. Re-2 Boulder GO Bonds Series 2015 (AA+/Aa1)<sup>(a)</sup> |
| 3750000 | 5.000 | 12/01/40 | 3755340 |
| City & County of Denver Airport System Revenue Bonds (Refunding) Series D (AA-/Aa3)<sup>(a)</sup> | City & County of Denver Airport System Revenue Bonds (Refunding) Series D (AA-/Aa3)<sup>(a)</sup> | City & County of Denver Airport System Revenue Bonds (Refunding) Series D (AA-/Aa3)<sup>(a)</sup> | City & County of Denver Airport System Revenue Bonds (Refunding) Series D (AA-/Aa3)<sup>(a)</sup> |
| 500000 | 5.750 | 11/15/41 | 560627 |
| Colorado State Health Facilities Authority Revenue Bonds Series A (A+/Aa3)<sup>(a)</sup> | Colorado State Health Facilities Authority Revenue Bonds Series A (A+/Aa3)<sup>(a)</sup> | Colorado State Health Facilities Authority Revenue Bonds Series A (A+/Aa3)<sup>(a)</sup> | Colorado State Health Facilities Authority Revenue Bonds Series A (A+/Aa3)<sup>(a)</sup> |
| 1770000 | 5.000 | 12/01/44 | 1773549 |
| Grand County CO Certificates of Participation Series 2025 (AA-/NR)<sup>(a)</sup> | Grand County CO Certificates of Participation Series 2025 (AA-/NR)<sup>(a)</sup> | Grand County CO Certificates of Participation Series 2025 (AA-/NR)<sup>(a)</sup> | Grand County CO Certificates of Participation Series 2025 (AA-/NR)<sup>(a)</sup> |
| 500000 | 5.000 | 12/01/39 | 563817 |
| 830000 | 5.000 | 12/01/41 | 916544 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** |
| **Colorado – (continued)** | **Colorado – (continued)** | **Colorado – (continued)** | **Colorado – (continued)** |
| Grand County CO Certificates of Participation Series 2025 (AA-/NR)<sup>(a)</sup> (continued) | Grand County CO Certificates of Participation Series 2025 (AA-/NR)<sup>(a)</sup> (continued) | Grand County CO Certificates of Participation Series 2025 (AA-/NR)<sup>(a)</sup> (continued) | Grand County CO Certificates of Participation Series 2025 (AA-/NR)<sup>(a)</sup> (continued) |
| $525000 | 5.000% | 12/01/42 | $572928 |
| 640000 | 5.000 | 12/01/44 | 683520 |
| Thornton Development Authority Tax Allocation (Refunding) Series 2025 (East 144th Avenue & I-25 Project) (A+/NR) | Thornton Development Authority Tax Allocation (Refunding) Series 2025 (East 144th Avenue & I-25 Project) (A+/NR) | Thornton Development Authority Tax Allocation (Refunding) Series 2025 (East 144th Avenue & I-25 Project) (A+/NR) | Thornton Development Authority Tax Allocation (Refunding) Series 2025 (East 144th Avenue & I-25 Project) (A+/NR) |
| 1460000 | 5.000 | 12/01/31 | 1622904 |
| 1505000 | 5.000 | 12/01/32 | 1685353 |
| 1605000 | 5.000 | 12/01/33 | 1812215 |
|  |  |  | 16614790 |
| **Connecticut – 0.6%** | **Connecticut – 0.6%** | **Connecticut – 0.6%** | **Connecticut – 0.6%** |
| Connecticut State Higher Education Supplement Loan Authority Revenue Bonds (Chesla Loan Program) Series B (AMT) (NR/Aa2) | Connecticut State Higher Education Supplement Loan Authority Revenue Bonds (Chesla Loan Program) Series B (AMT) (NR/Aa2) | Connecticut State Higher Education Supplement Loan Authority Revenue Bonds (Chesla Loan Program) Series B (AMT) (NR/Aa2) | Connecticut State Higher Education Supplement Loan Authority Revenue Bonds (Chesla Loan Program) Series B (AMT) (NR/Aa2) |
| 330000 | 5.000 | 11/15/27 | 339262 |
| 450000 | 5.000 | 11/15/28 | 470373 |
| 450000 | 5.000 | 11/15/29 | 476543 |
| 385000 | 5.000 | 11/15/30 | 411937 |
| Connecticut State Housing Finance Authority Housing Finance Mortgage Program Revenue Bonds (Taxable Refunding) Series A-4 (AAA/Aaa) | Connecticut State Housing Finance Authority Housing Finance Mortgage Program Revenue Bonds (Taxable Refunding) Series A-4 (AAA/Aaa) | Connecticut State Housing Finance Authority Housing Finance Mortgage Program Revenue Bonds (Taxable Refunding) Series A-4 (AAA/Aaa) | Connecticut State Housing Finance Authority Housing Finance Mortgage Program Revenue Bonds (Taxable Refunding) Series A-4 (AAA/Aaa) |
| 500000 | 2.090 | 05/15/26 | 497981 |
|  |  |  | 2196096 |
| **Florida – 4.8%** | **Florida – 4.8%** | **Florida – 4.8%** | **Florida – 4.8%** |
| City of Pensacola FL Airport Revenue Bonds Series 2025 (AMT) (A+/NR)<sup>(a)</sup> | City of Pensacola FL Airport Revenue Bonds Series 2025 (AMT) (A+/NR)<sup>(a)</sup> | City of Pensacola FL Airport Revenue Bonds Series 2025 (AMT) (A+/NR)<sup>(a)</sup> | City of Pensacola FL Airport Revenue Bonds Series 2025 (AMT) (A+/NR)<sup>(a)</sup> |
| 750000 | 5.250 | 10/01/36 | 863565 |
| 655000 | 5.250 | 10/01/37 | 747512 |
| 750000 | 5.250 | 10/01/38 | 849631 |
| 750000 | 5.250 | 10/01/39 | 843370 |
| 1125000 | 5.250 | 10/01/40 | 1253878 |
| County of Broward FL Port Facilities Revenue Bond Series A (A/A1) | County of Broward FL Port Facilities Revenue Bond Series A (A/A1) | County of Broward FL Port Facilities Revenue Bond Series A (A/A1) | County of Broward FL Port Facilities Revenue Bond Series A (A/A1) |
| 620000 | 5.000 | 09/01/28 | 659181 |
| Florida State Housing Finance Corp. Revenue Bonds Series 1 (FHLMC/FNMA/GNMA) (NR/Aaa) | Florida State Housing Finance Corp. Revenue Bonds Series 1 (FHLMC/FNMA/GNMA) (NR/Aaa) | Florida State Housing Finance Corp. Revenue Bonds Series 1 (FHLMC/FNMA/GNMA) (NR/Aaa) | Florida State Housing Finance Corp. Revenue Bonds Series 1 (FHLMC/FNMA/GNMA) (NR/Aaa) |
| 535000 | 2.000 | 07/01/27 | 526365 |
| 495000 | 2.050 | 01/01/28 | 485070 |
| 515000 | 2.100 | 07/01/28 | 503127 |
| 520000 | 2.125 <sup>(a)</sup> | 01/01/29 | 508478 |
| Greater Orlando FL Aviation Authority Revenue Bonds Series 2015 A (AA/Aa2)<sup>(a)</sup> | Greater Orlando FL Aviation Authority Revenue Bonds Series 2015 A (AA/Aa2)<sup>(a)</sup> | Greater Orlando FL Aviation Authority Revenue Bonds Series 2015 A (AA/Aa2)<sup>(a)</sup> | Greater Orlando FL Aviation Authority Revenue Bonds Series 2015 A (AA/Aa2)<sup>(a)</sup> |
| 2015000 | 5.000 | 10/01/30 | 2019004 |
| Southeast Overtown Park West Community Redevelopment Agency Tax Allocation Series A (AG) (AA/NR) | Southeast Overtown Park West Community Redevelopment Agency Tax Allocation Series A (AG) (AA/NR) | Southeast Overtown Park West Community Redevelopment Agency Tax Allocation Series A (AG) (AA/NR) | Southeast Overtown Park West Community Redevelopment Agency Tax Allocation Series A (AG) (AA/NR) |
| 850000 | 5.000 | 03/01/34 | 971355 |
| 755000 | 5.000 | 03/01/35 | 863860 |
| 500000 | 5.000 <sup>(a)</sup> | 03/01/36 | 563510 |
| St. Johns County FL School Board Certificates of Participation Series 2024 A (AG) (AA/NR)<sup>(a)</sup> | St. Johns County FL School Board Certificates of Participation Series 2024 A (AG) (AA/NR)<sup>(a)</sup> | St. Johns County FL School Board Certificates of Participation Series 2024 A (AG) (AA/NR)<sup>(a)</sup> | St. Johns County FL School Board Certificates of Participation Series 2024 A (AG) (AA/NR)<sup>(a)</sup> |
| 1200000 | 5.000 | 07/01/40 | 1327853 |
| Village Community Development District No. 10 (Refunding) Series 2023 (AG) (AA/NR)<sup>(a)</sup> | Village Community Development District No. 10 (Refunding) Series 2023 (AG) (AA/NR)<sup>(a)</sup> | Village Community Development District No. 10 (Refunding) Series 2023 (AG) (AA/NR)<sup>(a)</sup> | Village Community Development District No. 10 (Refunding) Series 2023 (AG) (AA/NR)<sup>(a)</sup> |
| 2525000 | 5.000 | 05/01/41 | 2695242 |
| 1200000 | 5.000 | 05/01/42 | 1267127 |
|  |  |  | 16948128 |
| **Georgia – 3.1%** | **Georgia – 3.1%** | **Georgia – 3.1%** | **Georgia – 3.1%** |
| Cobb County GA Development Authority Revenue Bonds (Refunding) Series 2017 (NR/A1)<sup>(a)</sup> | Cobb County GA Development Authority Revenue Bonds (Refunding) Series 2017 (NR/A1)<sup>(a)</sup> | Cobb County GA Development Authority Revenue Bonds (Refunding) Series 2017 (NR/A1)<sup>(a)</sup> | Cobb County GA Development Authority Revenue Bonds (Refunding) Series 2017 (NR/A1)<sup>(a)</sup> |
| 3000000 | 5.000 | 07/15/40 | 3045916 |

---

------

THE NATIONAL TAX-FREE INTERMEDIATE BOND FUND

## Schedule of Investments (continued)
*January 31, 2026 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** |
| **Georgia – (continued)** | **Georgia – (continued)** | **Georgia – (continued)** | **Georgia – (continued)** |
| Fulton County GA Development Authority Revenue Bonds (Refunding-Robert W Woodruff Arts Center, Inc.) Series A (NR/A2) | Fulton County GA Development Authority Revenue Bonds (Refunding-Robert W Woodruff Arts Center, Inc.) Series A (NR/A2) | Fulton County GA Development Authority Revenue Bonds (Refunding-Robert W Woodruff Arts Center, Inc.) Series A (NR/A2) | Fulton County GA Development Authority Revenue Bonds (Refunding-Robert W Woodruff Arts Center, Inc.) Series A (NR/A2) |
| $1000000 | 5.000% | 03/15/26 | $1002950 |
| Gainesville & Hall County Hospital Authority Revenue Bond Series 2020 (A+/NR)<sup>(a)</sup> | Gainesville & Hall County Hospital Authority Revenue Bond Series 2020 (A+/NR)<sup>(a)</sup> | Gainesville & Hall County Hospital Authority Revenue Bond Series 2020 (A+/NR)<sup>(a)</sup> | Gainesville & Hall County Hospital Authority Revenue Bond Series 2020 (A+/NR)<sup>(a)</sup> |
| 1700000 | 4.000 | 02/15/39 | 1710469 |
| Milledgeville & Baldwin County Development Authority Revenue Bonds(Refunding) Series 2021 (AA-/NR) | Milledgeville & Baldwin County Development Authority Revenue Bonds(Refunding) Series 2021 (AA-/NR) | Milledgeville & Baldwin County Development Authority Revenue Bonds(Refunding) Series 2021 (AA-/NR) | Milledgeville & Baldwin County Development Authority Revenue Bonds(Refunding) Series 2021 (AA-/NR) |
| 500000 | 5.000 | 06/15/30 | 551316 |
| 500000 | 5.000 | 06/15/31 | 559883 |
| 600000 | 5.000 <sup>(a)</sup> | 06/15/32 | 668192 |
| 700000 | 5.000 <sup>(a)</sup> | 06/15/33 | 772764 |
| Municipal Electric Authority of Georgia GA Revenue Bonds (Refunding-Project One Subordinated) Series B (BAM)<br>(AA/A2)<sup>(a)</sup> | Municipal Electric Authority of Georgia GA Revenue Bonds (Refunding-Project One Subordinated) Series B (BAM)<br>(AA/A2)<sup>(a)</sup> | Municipal Electric Authority of Georgia GA Revenue Bonds (Refunding-Project One Subordinated) Series B (BAM)<br>(AA/A2)<sup>(a)</sup> | Municipal Electric Authority of Georgia GA Revenue Bonds (Refunding-Project One Subordinated) Series B (BAM)<br>(AA/A2)<sup>(a)</sup> |
| 2375000 | 5.250 | 01/01/38 | 2705740 |
|  |  |  | 11017230 |
| **Idaho<sup>(a)</sup> – 0.3%** | **Idaho<sup>(a)</sup> – 0.3%** | **Idaho<sup>(a)</sup> – 0.3%** | **Idaho<sup>(a)</sup> – 0.3%** |
| County of Nez Perce ID Certification of Participation Series 2022 (NR/Aa3) | County of Nez Perce ID Certification of Participation Series 2022 (NR/Aa3) | County of Nez Perce ID Certification of Participation Series 2022 (NR/Aa3) | County of Nez Perce ID Certification of Participation Series 2022 (NR/Aa3) |
| 1000000 | 5.500 | 03/01/37 | 1131509 |
| **Illinois – 7.4%** | **Illinois – 7.4%** | **Illinois – 7.4%** | **Illinois – 7.4%** |
| Chicago IL Midway International Airport Revenue Bonds (Senior Lien) Series 2024 A (A/NR) | Chicago IL Midway International Airport Revenue Bonds (Senior Lien) Series 2024 A (A/NR) | Chicago IL Midway International Airport Revenue Bonds (Senior Lien) Series 2024 A (A/NR) | Chicago IL Midway International Airport Revenue Bonds (Senior Lien) Series 2024 A (A/NR) |
| 1000000 | 5.000 | 01/01/34 | 1119476 |
| 1000000 | 5.000 | 01/01/35 | 1125247 |
| Chicago O'Hare International Airport Revenue Bonds Series A (AMT) (A+/NR)<sup>(a)</sup> | Chicago O'Hare International Airport Revenue Bonds Series A (AMT) (A+/NR)<sup>(a)</sup> | Chicago O'Hare International Airport Revenue Bonds Series A (AMT) (A+/NR)<sup>(a)</sup> | Chicago O'Hare International Airport Revenue Bonds Series A (AMT) (A+/NR)<sup>(a)</sup> |
| 1000000 | 5.250 | 01/01/41 | 1092467 |
| Elk Grove Village GO Bonds Series 2017 (AA+/NR)<sup>(a)</sup> | Elk Grove Village GO Bonds Series 2017 (AA+/NR)<sup>(a)</sup> | Elk Grove Village GO Bonds Series 2017 (AA+/NR)<sup>(a)</sup> | Elk Grove Village GO Bonds Series 2017 (AA+/NR)<sup>(a)</sup> |
| 525000 | 5.000 | 01/01/28 | 537620 |
| Governors State University Revenue Bonds (Refunding) Series 2021 (BAM) (AA/NR)<sup>(a)</sup> | Governors State University Revenue Bonds (Refunding) Series 2021 (BAM) (AA/NR)<sup>(a)</sup> | Governors State University Revenue Bonds (Refunding) Series 2021 (BAM) (AA/NR)<sup>(a)</sup> | Governors State University Revenue Bonds (Refunding) Series 2021 (BAM) (AA/NR)<sup>(a)</sup> |
| 805000 | 4.000 | 10/01/34 | 817317 |
| 855000 | 4.000 | 10/01/36 | 860462 |
| Illinois Finance Authority Revenue Bonds (Refunding-The Carle Foundation) Series 2022 (AA-/NR)<sup>(a)</sup> | Illinois Finance Authority Revenue Bonds (Refunding-The Carle Foundation) Series 2022 (AA-/NR)<sup>(a)</sup> | Illinois Finance Authority Revenue Bonds (Refunding-The Carle Foundation) Series 2022 (AA-/NR)<sup>(a)</sup> | Illinois Finance Authority Revenue Bonds (Refunding-The Carle Foundation) Series 2022 (AA-/NR)<sup>(a)</sup> |
| 750000 | 5.000 | 06/01/42 | 803786 |
| Montgomery & Bond Counties Community Unit School District No. 3 Hillsboro GO Bonds Series 2024 (BAM) (AA/NR)<sup>(a)</sup> | Montgomery & Bond Counties Community Unit School District No. 3 Hillsboro GO Bonds Series 2024 (BAM) (AA/NR)<sup>(a)</sup> | Montgomery & Bond Counties Community Unit School District No. 3 Hillsboro GO Bonds Series 2024 (BAM) (AA/NR)<sup>(a)</sup> | Montgomery & Bond Counties Community Unit School District No. 3 Hillsboro GO Bonds Series 2024 (BAM) (AA/NR)<sup>(a)</sup> |
| 2525000 | 5.000 | 12/01/37 | 2728422 |
| Rolling Meadows IL GO Bonds Series 2019 (AA+/NR)<sup>(a)</sup> | Rolling Meadows IL GO Bonds Series 2019 (AA+/NR)<sup>(a)</sup> | Rolling Meadows IL GO Bonds Series 2019 (AA+/NR)<sup>(a)</sup> | Rolling Meadows IL GO Bonds Series 2019 (AA+/NR)<sup>(a)</sup> |
| 495000 | 4.000 | 12/15/34 | 507737 |
| 515000 | 4.000 | 12/15/35 | 525844 |
| 535000 | 4.000 | 12/15/36 | 544526 |
| 555000 | 4.000 | 12/15/37 | 562748 |
| St. Clair County IL School District No. 118 Belleville GO Bonds Series 2025 (BAM) (AA/NR)<sup>(a)</sup> | St. Clair County IL School District No. 118 Belleville GO Bonds Series 2025 (BAM) (AA/NR)<sup>(a)</sup> | St. Clair County IL School District No. 118 Belleville GO Bonds Series 2025 (BAM) (AA/NR)<sup>(a)</sup> | St. Clair County IL School District No. 118 Belleville GO Bonds Series 2025 (BAM) (AA/NR)<sup>(a)</sup> |
| 1000000 | 5.500 | 12/01/37 | 1142475 |
| Stark Knox Marshall Henry & Peoria Counties Community Unit School Dist No 100 (Refunding) Series 2021 (BAM) (AA/A1)<sup>(a)</sup> | Stark Knox Marshall Henry & Peoria Counties Community Unit School Dist No 100 (Refunding) Series 2021 (BAM) (AA/A1)<sup>(a)</sup> | Stark Knox Marshall Henry & Peoria Counties Community Unit School Dist No 100 (Refunding) Series 2021 (BAM) (AA/A1)<sup>(a)</sup> | Stark Knox Marshall Henry & Peoria Counties Community Unit School Dist No 100 (Refunding) Series 2021 (BAM) (AA/A1)<sup>(a)</sup> |
| 860000 | 4.000 | 12/01/38 | 878077 |
| Taylorville Community Unit School District No. 3 GO Bonds Series 2025 (BAM) (AA/NR) | Taylorville Community Unit School District No. 3 GO Bonds Series 2025 (BAM) (AA/NR) | Taylorville Community Unit School District No. 3 GO Bonds Series 2025 (BAM) (AA/NR) | Taylorville Community Unit School District No. 3 GO Bonds Series 2025 (BAM) (AA/NR) |
| 880000 | 5.000 | 12/01/34 | 1009408 |
| 675000 | 5.000 <sup>(a)</sup> | 12/01/35 | 775065 |
| 600000 | 5.000 <sup>(a)</sup> | 12/01/36 | 679651 |
| 775000 | 5.000 <sup>(a)</sup> | 12/01/37 | 870043 |
| 825000 | 5.000 <sup>(a)</sup> | 12/01/38 | 921451 |
| 875000 | 5.000 <sup>(a)</sup> | 12/01/39 | 970304 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** |
| **Illinois – (continued)** | **Illinois – (continued)** | **Illinois – (continued)** | **Illinois – (continued)** |
| Village of Oswego IL GO Bonds Series A (NR/Aa2)<sup>(a)</sup> | Village of Oswego IL GO Bonds Series A (NR/Aa2)<sup>(a)</sup> | Village of Oswego IL GO Bonds Series A (NR/Aa2)<sup>(a)</sup> | Village of Oswego IL GO Bonds Series A (NR/Aa2)<sup>(a)</sup> |
| $1555000 | 5.000% | 12/15/39 | $1723420 |
| Westchester Village of IL GO Bonds Series 2021 (BAM)<br>(AA/A2)<sup>(a)</sup> | Westchester Village of IL GO Bonds Series 2021 (BAM)<br>(AA/A2)<sup>(a)</sup> | Westchester Village of IL GO Bonds Series 2021 (BAM)<br>(AA/A2)<sup>(a)</sup> | Westchester Village of IL GO Bonds Series 2021 (BAM)<br>(AA/A2)<sup>(a)</sup> |
| 1825000 | 4.000 | 12/01/38 | 1859316 |
| Winnebago County IL GO Bonds (Refunding) Series C (NR/Aa3) | Winnebago County IL GO Bonds (Refunding) Series C (NR/Aa3) | Winnebago County IL GO Bonds (Refunding) Series C (NR/Aa3) | Winnebago County IL GO Bonds (Refunding) Series C (NR/Aa3) |
| 905000 | 5.000 | 12/30/28 | 960973 |
| 960000 | 5.000 | 12/30/29 | 1038500 |
| Woodford Lasalle Livingston Etc. Counties Community Unit School District GO Bonds Series A (BAM) (AA/NR)<sup>(a)</sup> | Woodford Lasalle Livingston Etc. Counties Community Unit School District GO Bonds Series A (BAM) (AA/NR)<sup>(a)</sup> | Woodford Lasalle Livingston Etc. Counties Community Unit School District GO Bonds Series A (BAM) (AA/NR)<sup>(a)</sup> | Woodford Lasalle Livingston Etc. Counties Community Unit School District GO Bonds Series A (BAM) (AA/NR)<sup>(a)</sup> |
| 700000 | 4.000 | 12/01/31 | 734699 |
| 700000 | 4.000 | 12/01/32 | 730424 |
| 725000 | 4.000 | 12/01/33 | 752818 |
|  |  |  | 26272276 |
| **Indiana – 7.5%** | **Indiana – 7.5%** | **Indiana – 7.5%** | **Indiana – 7.5%** |
| Avon Redevelopment Authority Revenue Bonds Series 2025 (AA/NR)<sup>(a)</sup> | Avon Redevelopment Authority Revenue Bonds Series 2025 (AA/NR)<sup>(a)</sup> | Avon Redevelopment Authority Revenue Bonds Series 2025 (AA/NR)<sup>(a)</sup> | Avon Redevelopment Authority Revenue Bonds Series 2025 (AA/NR)<sup>(a)</sup> |
| 1005000 | 4.000 | 02/01/37 | 1037210 |
| 1050000 | 4.000 | 02/01/38 | 1079733 |
| 1050000 | 4.000 | 02/01/39 | 1071953 |
| Brownsburg 1999 School Building Corp. Revenue Bonds Refunding Notes Series 2022 (AA+/NR)<sup>(a)</sup> | Brownsburg 1999 School Building Corp. Revenue Bonds Refunding Notes Series 2022 (AA+/NR)<sup>(a)</sup> | Brownsburg 1999 School Building Corp. Revenue Bonds Refunding Notes Series 2022 (AA+/NR)<sup>(a)</sup> | Brownsburg 1999 School Building Corp. Revenue Bonds Refunding Notes Series 2022 (AA+/NR)<sup>(a)</sup> |
| 1150000 | 5.000 | 01/15/42 | 1227492 |
| Griffith Redevelopment Authority Revenue Bonds(Refunding) Series A (A/NR)<sup>(a)</sup> | Griffith Redevelopment Authority Revenue Bonds(Refunding) Series A (A/NR)<sup>(a)</sup> | Griffith Redevelopment Authority Revenue Bonds(Refunding) Series A (A/NR)<sup>(a)</sup> | Griffith Redevelopment Authority Revenue Bonds(Refunding) Series A (A/NR)<sup>(a)</sup> |
| 585000 | 3.000 | 07/15/33 | 572751 |
| Griffith Redevelopment Authority Revenue Bonds(Refunding) Series B (A/NR)<sup>(a)</sup> | Griffith Redevelopment Authority Revenue Bonds(Refunding) Series B (A/NR)<sup>(a)</sup> | Griffith Redevelopment Authority Revenue Bonds(Refunding) Series B (A/NR)<sup>(a)</sup> | Griffith Redevelopment Authority Revenue Bonds(Refunding) Series B (A/NR)<sup>(a)</sup> |
| 585000 | 3.000 | 07/15/33 | 572751 |
| Hobart Building Corp. Revenue Bonds Series A (AA+/NR)<sup>(a)</sup> | Hobart Building Corp. Revenue Bonds Series A (AA+/NR)<sup>(a)</sup> | Hobart Building Corp. Revenue Bonds Series A (AA+/NR)<sup>(a)</sup> | Hobart Building Corp. Revenue Bonds Series A (AA+/NR)<sup>(a)</sup> |
| 600000 | 5.000 | 07/15/35 | 679129 |
| 450000 | 5.000 | 01/15/37 | 503179 |
| Indiana State Finance Authority Revenue Bond (Refunding-Marion Hospital, Inc. Obligated Group) Series 2021 (A/NR) | Indiana State Finance Authority Revenue Bond (Refunding-Marion Hospital, Inc. Obligated Group) Series 2021 (A/NR) | Indiana State Finance Authority Revenue Bond (Refunding-Marion Hospital, Inc. Obligated Group) Series 2021 (A/NR) | Indiana State Finance Authority Revenue Bond (Refunding-Marion Hospital, Inc. Obligated Group) Series 2021 (A/NR) |
| 830000 | 4.000 | 07/01/31 | 856985 |
| 700000 | 4.000 <sup>(a)</sup> | 07/01/32 | 721394 |
| 700000 | 4.000 <sup>(a)</sup> | 07/01/36 | 705635 |
| Indiana State Finance Authority Revenue Bonds (Refunding-Butler University Project) Series 2024 (A-/NR)<sup>(a)</sup> | Indiana State Finance Authority Revenue Bonds (Refunding-Butler University Project) Series 2024 (A-/NR)<sup>(a)</sup> | Indiana State Finance Authority Revenue Bonds (Refunding-Butler University Project) Series 2024 (A-/NR)<sup>(a)</sup> | Indiana State Finance Authority Revenue Bonds (Refunding-Butler University Project) Series 2024 (A-/NR)<sup>(a)</sup> |
| 1435000 | 5.000 | 02/01/38 | 1584065 |
| 1505000 | 5.000 | 02/01/39 | 1648249 |
| 1200000 | 5.000 | 02/01/40 | 1303830 |
| Indiana State Finance Authority Revenue Bonds (Refunding-Hendricks Regional Health) Series 2024 (A-/A3)<sup>(a)</sup> | Indiana State Finance Authority Revenue Bonds (Refunding-Hendricks Regional Health) Series 2024 (A-/A3)<sup>(a)</sup> | Indiana State Finance Authority Revenue Bonds (Refunding-Hendricks Regional Health) Series 2024 (A-/A3)<sup>(a)</sup> | Indiana State Finance Authority Revenue Bonds (Refunding-Hendricks Regional Health) Series 2024 (A-/A3)<sup>(a)</sup> |
| 1000000 | 5.000 | 03/01/35 | 1130174 |
| 1420000 | 5.000 | 03/01/36 | 1588399 |
| IPS Multi-School Building Corp. Revenue Bonds Series 2022 (Social Bonds) (AA+/NR)<sup>(a)</sup> | IPS Multi-School Building Corp. Revenue Bonds Series 2022 (Social Bonds) (AA+/NR)<sup>(a)</sup> | IPS Multi-School Building Corp. Revenue Bonds Series 2022 (Social Bonds) (AA+/NR)<sup>(a)</sup> | IPS Multi-School Building Corp. Revenue Bonds Series 2022 (Social Bonds) (AA+/NR)<sup>(a)</sup> |
| 1200000 | 5.250 | 07/15/40 | 1311548 |
| 1685000 | 5.500 | 07/15/40 | 1887491 |
| Martinsville Redevelopment Authority Series 2021 (BAM) (AA/NR)<sup>(a)</sup> | Martinsville Redevelopment Authority Series 2021 (BAM) (AA/NR)<sup>(a)</sup> | Martinsville Redevelopment Authority Series 2021 (BAM) (AA/NR)<sup>(a)</sup> | Martinsville Redevelopment Authority Series 2021 (BAM) (AA/NR)<sup>(a)</sup> |
| 565000 | 3.000 | 08/01/33 | 562030 |
| 400000 | 3.000 | 08/01/35 | 391986 |
| Shelbyville IN Redevelopment Authority Series 2021 (AA-/NR)<sup>(a)</sup> | Shelbyville IN Redevelopment Authority Series 2021 (AA-/NR)<sup>(a)</sup> | Shelbyville IN Redevelopment Authority Series 2021 (AA-/NR)<sup>(a)</sup> | Shelbyville IN Redevelopment Authority Series 2021 (AA-/NR)<sup>(a)</sup> |
| 485000 | 4.000 | 08/01/32 | 503217 |
| Sunman-Dearborn High School Building Corp. Revenue Bonds Series 2024 (AA+/NR)<sup>(a)</sup> | Sunman-Dearborn High School Building Corp. Revenue Bonds Series 2024 (AA+/NR)<sup>(a)</sup> | Sunman-Dearborn High School Building Corp. Revenue Bonds Series 2024 (AA+/NR)<sup>(a)</sup> | Sunman-Dearborn High School Building Corp. Revenue Bonds Series 2024 (AA+/NR)<sup>(a)</sup> |
| 1000000 | 5.000 | 07/15/38 | 1108689 |
| Vinton-Tecumseh IN School Building Corporation Revenue Bonds (First Mortgage) Series A (AA+/NR)<sup>(a)</sup> | Vinton-Tecumseh IN School Building Corporation Revenue Bonds (First Mortgage) Series A (AA+/NR)<sup>(a)</sup> | Vinton-Tecumseh IN School Building Corporation Revenue Bonds (First Mortgage) Series A (AA+/NR)<sup>(a)</sup> | Vinton-Tecumseh IN School Building Corporation Revenue Bonds (First Mortgage) Series A (AA+/NR)<sup>(a)</sup> |
| 500000 | 5.000 | 07/15/31 | 518491 |
| 500000 | 5.000 | 07/15/32 | 517626 |

---

------

THE NATIONAL TAX-FREE INTERMEDIATE BOND FUND

*January 31, 2026 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** |
| **Indiana – (continued)** | **Indiana – (continued)** | **Indiana – (continued)** | **Indiana – (continued)** |
| Whitestown Redevelopment Authority Revenue Bonds (Refunding) Series B (AA+/NR)<sup>(a)</sup> | Whitestown Redevelopment Authority Revenue Bonds (Refunding) Series B (AA+/NR)<sup>(a)</sup> | Whitestown Redevelopment Authority Revenue Bonds (Refunding) Series B (AA+/NR)<sup>(a)</sup> | Whitestown Redevelopment Authority Revenue Bonds (Refunding) Series B (AA+/NR)<sup>(a)</sup> |
| $1625000 | 3.000% | 08/01/33 | $1639330 |
| 1670000 | 3.000 | 08/01/34 | 1682842 |
|  |  |  | 26406179 |
| **Iowa – 1.4%** | **Iowa – 1.4%** | **Iowa – 1.4%** | **Iowa – 1.4%** |
| City of Bondurant IA GO Bonds Series A (AG) (AA/A1)<sup>(a)</sup> | City of Bondurant IA GO Bonds Series A (AG) (AA/A1)<sup>(a)</sup> | City of Bondurant IA GO Bonds Series A (AG) (AA/A1)<sup>(a)</sup> | City of Bondurant IA GO Bonds Series A (AG) (AA/A1)<sup>(a)</sup> |
| 600000 | 5.000 | 06/01/36 | 664010 |
| 630000 | 5.000 | 06/01/37 | 692464 |
| 665000 | 5.000 | 06/01/38 | 725712 |
| 430000 | 5.000 | 06/01/40 | 462076 |
| Iowa Student Loan Liquidity Corp. Revenue Bonds Series B (AMT) (AA/NR) | Iowa Student Loan Liquidity Corp. Revenue Bonds Series B (AMT) (AA/NR) | Iowa Student Loan Liquidity Corp. Revenue Bonds Series B (AMT) (AA/NR) | Iowa Student Loan Liquidity Corp. Revenue Bonds Series B (AMT) (AA/NR) |
| 825000 | 5.000 | 12/01/33 | 899772 |
| 815000 | 5.000 | 12/01/34 | 888104 |
| 635000 | 5.000 | 12/01/35 | 686069 |
|  |  |  | 5018207 |
| **Kansas<sup>(a)</sup> – 2.6%** | **Kansas<sup>(a)</sup> – 2.6%** | **Kansas<sup>(a)</sup> – 2.6%** | **Kansas<sup>(a)</sup> – 2.6%** |
| Arkansas City Cowley County Unified School District No. 470 GO Bonds (Refunding) Series 2026 (BAM) (AA/NR) | Arkansas City Cowley County Unified School District No. 470 GO Bonds (Refunding) Series 2026 (BAM) (AA/NR) | Arkansas City Cowley County Unified School District No. 470 GO Bonds (Refunding) Series 2026 (BAM) (AA/NR) | Arkansas City Cowley County Unified School District No. 470 GO Bonds (Refunding) Series 2026 (BAM) (AA/NR) |
| 1000000 | 5.000 | 09/01/39 | 1120141 |
| 1280000 | 5.000 | 09/01/40 | 1426804 |
| 1375000 | 5.000 | 09/01/41 | 1515048 |
| Chisholm Creek Utility Authority Revenue Bonds (Cities of Belaire and Park City, Kansas Project) Series 2025 (AG) (AA/NR) | Chisholm Creek Utility Authority Revenue Bonds (Cities of Belaire and Park City, Kansas Project) Series 2025 (AG) (AA/NR) | Chisholm Creek Utility Authority Revenue Bonds (Cities of Belaire and Park City, Kansas Project) Series 2025 (AG) (AA/NR) | Chisholm Creek Utility Authority Revenue Bonds (Cities of Belaire and Park City, Kansas Project) Series 2025 (AG) (AA/NR) |
| 1000000 | 5.000 | 09/01/40 | 1119432 |
| County of Logan KS GO Bonds (Refunding) Series B (AG) (AA/NR) | County of Logan KS GO Bonds (Refunding) Series B (AG) (AA/NR) | County of Logan KS GO Bonds (Refunding) Series B (AG) (AA/NR) | County of Logan KS GO Bonds (Refunding) Series B (AG) (AA/NR) |
| 1455000 | 5.250 | 12/01/39 | 1668886 |
| Topeka KS Washburn University Revenue Bonds (Refunding) Series 2026 (BAM) (AA/A1) | Topeka KS Washburn University Revenue Bonds (Refunding) Series 2026 (BAM) (AA/A1) | Topeka KS Washburn University Revenue Bonds (Refunding) Series 2026 (BAM) (AA/A1) | Topeka KS Washburn University Revenue Bonds (Refunding) Series 2026 (BAM) (AA/A1) |
| 1345000 | 5.000 | 07/01/38 | 1532360 |
| 835000 | 5.000 | 07/01/39 | 941691 |
|  |  |  | 9324362 |
| **Kentucky – 5.0%** | **Kentucky – 5.0%** | **Kentucky – 5.0%** | **Kentucky – 5.0%** |
| Appalachian Regional Healthcare Obligated Group Revenue Bonds (Refunding) Series 2021 (A/NR) | Appalachian Regional Healthcare Obligated Group Revenue Bonds (Refunding) Series 2021 (A/NR) | Appalachian Regional Healthcare Obligated Group Revenue Bonds (Refunding) Series 2021 (A/NR) | Appalachian Regional Healthcare Obligated Group Revenue Bonds (Refunding) Series 2021 (A/NR) |
| 1695000 | 5.000 | 07/01/30 | 1825650 |
| 855000 | 5.000 | 07/01/31 | 930120 |
| 1275000 | 5.000 <sup>(a)</sup> | 07/01/32 | 1397990 |
| Bullitt County School District Finance Corp. Revenue Bonds Series 2023 (NR/Aa3)<sup>(a)</sup> | Bullitt County School District Finance Corp. Revenue Bonds Series 2023 (NR/Aa3)<sup>(a)</sup> | Bullitt County School District Finance Corp. Revenue Bonds Series 2023 (NR/Aa3)<sup>(a)</sup> | Bullitt County School District Finance Corp. Revenue Bonds Series 2023 (NR/Aa3)<sup>(a)</sup> |
| 1925000 | 4.125 | 03/01/39 | 1972626 |
| Kentucky KY Public Energy Authority Revenue Bonds (Refunding) Series 2025 A (NR/A1)<sup>(a)</sup> | Kentucky KY Public Energy Authority Revenue Bonds (Refunding) Series 2025 A (NR/A1)<sup>(a)</sup> | Kentucky KY Public Energy Authority Revenue Bonds (Refunding) Series 2025 A (NR/A1)<sup>(a)</sup> | Kentucky KY Public Energy Authority Revenue Bonds (Refunding) Series 2025 A (NR/A1)<sup>(a)</sup> |
| 500000 | 5.000 | 06/01/28 | 522560 |
| 1000000 | 5.000 | 12/01/28 | 1053182 |
| 700000 | 5.000 | 06/01/29 | 741196 |
| 1000000 | 5.000 | 12/01/29 | 1060031 |
| Kentucky KY Public Energy Authority Revenue Bonds Series 2024 A (NR/A2)<sup>(a)(b)(c)</sup> | Kentucky KY Public Energy Authority Revenue Bonds Series 2024 A (NR/A2)<sup>(a)(b)(c)</sup> | Kentucky KY Public Energy Authority Revenue Bonds Series 2024 A (NR/A2)<sup>(a)(b)(c)</sup> | Kentucky KY Public Energy Authority Revenue Bonds Series 2024 A (NR/A2)<sup>(a)(b)(c)</sup> |
| 3000000 | 5.000 | 05/01/55 | 3179276 |
| Kentucky State Property & Building Commission Revenue Bonds (Project No. 117) Series B (NR/Aa3)<sup>(a)</sup> | Kentucky State Property & Building Commission Revenue Bonds (Project No. 117) Series B (NR/Aa3)<sup>(a)</sup> | Kentucky State Property & Building Commission Revenue Bonds (Project No. 117) Series B (NR/Aa3)<sup>(a)</sup> | Kentucky State Property & Building Commission Revenue Bonds (Project No. 117) Series B (NR/Aa3)<sup>(a)</sup> |
| 750000 | 5.000 | 05/01/28 | 775076 |
| 915000 | 5.000 | 05/01/29 | 945529 |
| Kentucky State Property & Building Commission Series 2018 (BAM) (AA/Aa3) | Kentucky State Property & Building Commission Series 2018 (BAM) (AA/Aa3) | Kentucky State Property & Building Commission Series 2018 (BAM) (AA/Aa3) | Kentucky State Property & Building Commission Series 2018 (BAM) (AA/Aa3) |
| 885000 | 5.000 | 04/01/28 | 935291 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** |
| **Kentucky – (continued)** | **Kentucky – (continued)** | **Kentucky – (continued)** | **Kentucky – (continued)** |
| Shelby County Public School District GO Bonds Series 2025 (NR/Aa2)<sup>(a)</sup> | Shelby County Public School District GO Bonds Series 2025 (NR/Aa2)<sup>(a)</sup> | Shelby County Public School District GO Bonds Series 2025 (NR/Aa2)<sup>(a)</sup> | Shelby County Public School District GO Bonds Series 2025 (NR/Aa2)<sup>(a)</sup> |
| $2345000 | 4.000% | 11/01/41 | $2368065 |
|  |  |  | 17706592 |
| **Louisiana<sup>(a)</sup> – 2.2%** | **Louisiana<sup>(a)</sup> – 2.2%** | **Louisiana<sup>(a)</sup> – 2.2%** | **Louisiana<sup>(a)</sup> – 2.2%** |
| City of Shreveport LA GO Bonds Series 2024 (AG) (AA/Baa3) | City of Shreveport LA GO Bonds Series 2024 (AG) (AA/Baa3) | City of Shreveport LA GO Bonds Series 2024 (AG) (AA/Baa3) | City of Shreveport LA GO Bonds Series 2024 (AG) (AA/Baa3) |
| 500000 | 5.000 | 03/01/36 | 571499 |
| 500000 | 5.000 | 03/01/37 | 566250 |
| 825000 | 5.000 | 03/01/38 | 927569 |
| East Ouachita Parish School District GO Bonds Series 2025 (AA-/NR) | East Ouachita Parish School District GO Bonds Series 2025 (AA-/NR) | East Ouachita Parish School District GO Bonds Series 2025 (AA-/NR) | East Ouachita Parish School District GO Bonds Series 2025 (AA-/NR) |
| 595000 | 5.250 | 03/01/36 | 699436 |
| 600000 | 5.250 | 03/01/38 | 693333 |
| 600000 | 5.250 | 03/01/39 | 688255 |
| Louisiana Correctional Facilities Corp. Revenue Bonds (Louisiana Correctional Institute) Series 2023 (AA-/NR) | Louisiana Correctional Facilities Corp. Revenue Bonds (Louisiana Correctional Institute) Series 2023 (AA-/NR) | Louisiana Correctional Facilities Corp. Revenue Bonds (Louisiana Correctional Institute) Series 2023 (AA-/NR) | Louisiana Correctional Facilities Corp. Revenue Bonds (Louisiana Correctional Institute) Series 2023 (AA-/NR) |
| 695000 | 5.000 | 10/01/35 | 788190 |
| 545000 | 5.000 | 10/01/36 | 611390 |
| Louisiana Local Government Environmental Facilities & Community Development Authority Revenue Bonds (Bossier Parishes Port Project) Series 2023 (AG) (AA/NR) | Louisiana Local Government Environmental Facilities & Community Development Authority Revenue Bonds (Bossier Parishes Port Project) Series 2023 (AG) (AA/NR) | Louisiana Local Government Environmental Facilities & Community Development Authority Revenue Bonds (Bossier Parishes Port Project) Series 2023 (AG) (AA/NR) | Louisiana Local Government Environmental Facilities & Community Development Authority Revenue Bonds (Bossier Parishes Port Project) Series 2023 (AG) (AA/NR) |
| 800000 | 5.000 | 04/01/48 | 826928 |
| Rapides Parish School District No. 52 Pineville GO Bonds Series 2025 (BAM) (AA/NR) | Rapides Parish School District No. 52 Pineville GO Bonds Series 2025 (BAM) (AA/NR) | Rapides Parish School District No. 52 Pineville GO Bonds Series 2025 (BAM) (AA/NR) | Rapides Parish School District No. 52 Pineville GO Bonds Series 2025 (BAM) (AA/NR) |
| 660000 | 5.250 | 03/01/36 | 760555 |
| 500000 | 5.250 | 03/01/37 | 570092 |
|  |  |  | 7703497 |
| **Maine<sup>(a)</sup> – 1.8%** | **Maine<sup>(a)</sup> – 1.8%** | **Maine<sup>(a)</sup> – 1.8%** | **Maine<sup>(a)</sup> – 1.8%** |
| Maine Health & Higher Educational Facilities Authority Revenue Bonds Series 2020 A (A+/A1) | Maine Health & Higher Educational Facilities Authority Revenue Bonds Series 2020 A (A+/A1) | Maine Health & Higher Educational Facilities Authority Revenue Bonds Series 2020 A (A+/A1) | Maine Health & Higher Educational Facilities Authority Revenue Bonds Series 2020 A (A+/A1) |
| 1150000 | 4.000 | 07/01/37 | 1165388 |
| Maine State Housing Authority Mortgage Purchase Revenue Bonds (Refunding) Series D (AA+/Aa1) | Maine State Housing Authority Mortgage Purchase Revenue Bonds (Refunding) Series D (AA+/Aa1) | Maine State Housing Authority Mortgage Purchase Revenue Bonds (Refunding) Series D (AA+/Aa1) | Maine State Housing Authority Mortgage Purchase Revenue Bonds (Refunding) Series D (AA+/Aa1) |
| 1900000 | 4.050 | 11/15/37 | 1943669 |
| Maine State Housing Authority Mortgage Purchase Revenue Bonds Series E (AA+/Aa1) | Maine State Housing Authority Mortgage Purchase Revenue Bonds Series E (AA+/Aa1) | Maine State Housing Authority Mortgage Purchase Revenue Bonds Series E (AA+/Aa1) | Maine State Housing Authority Mortgage Purchase Revenue Bonds Series E (AA+/Aa1) |
| 840000 | 2.150 | 11/15/29 | 817236 |
| 870000 | 2.250 | 11/15/30 | 836463 |
| 905000 | 2.350 | 11/15/31 | 856945 |
| Portland ME Airport Revenue Bonds (Refunding-General) Series 2016 (A-/A3) | Portland ME Airport Revenue Bonds (Refunding-General) Series 2016 (A-/A3) | Portland ME Airport Revenue Bonds (Refunding-General) Series 2016 (A-/A3) | Portland ME Airport Revenue Bonds (Refunding-General) Series 2016 (A-/A3) |
| 215000 | 5.000 | 01/01/34 | 215185 |
| 330000 | 5.000 | 01/01/35 | 330231 |
|  |  |  | 6165117 |
| **Massachusetts – 0.6%** | **Massachusetts – 0.6%** | **Massachusetts – 0.6%** | **Massachusetts – 0.6%** |
| Massachusetts Educational Financing Authority Revenue Bonds (Refunding) Series 2024 B (AMT) (AA/NR) | Massachusetts Educational Financing Authority Revenue Bonds (Refunding) Series 2024 B (AMT) (AA/NR) | Massachusetts Educational Financing Authority Revenue Bonds (Refunding) Series 2024 B (AMT) (AA/NR) | Massachusetts Educational Financing Authority Revenue Bonds (Refunding) Series 2024 B (AMT) (AA/NR) |
| 550000 | 4.250 | 07/01/32 | 565076 |
| Massachusetts Housing Finance Agency Revenue Bonds Series 2021 (AA+/Aa1)<sup>(a)</sup> | Massachusetts Housing Finance Agency Revenue Bonds Series 2021 (AA+/Aa1)<sup>(a)</sup> | Massachusetts Housing Finance Agency Revenue Bonds Series 2021 (AA+/Aa1)<sup>(a)</sup> | Massachusetts Housing Finance Agency Revenue Bonds Series 2021 (AA+/Aa1)<sup>(a)</sup> |
| 960000 | 1.850 | 06/01/32 | 863337 |
| 710000 | 1.900 | 12/01/32 | 633233 |
|  |  |  | 2061646 |
| **Michigan – 4.2%** | **Michigan – 4.2%** | **Michigan – 4.2%** | **Michigan – 4.2%** |
| Gerald R Ford International Airport Authority MI Revenue Bonds Series 2024 (AAA/Aaa)<sup>(a)</sup> | Gerald R Ford International Airport Authority MI Revenue Bonds Series 2024 (AAA/Aaa)<sup>(a)</sup> | Gerald R Ford International Airport Authority MI Revenue Bonds Series 2024 (AAA/Aaa)<sup>(a)</sup> | Gerald R Ford International Airport Authority MI Revenue Bonds Series 2024 (AAA/Aaa)<sup>(a)</sup> |
| 500000 | 5.000 | 01/01/38 | 553606 |
| 500000 | 5.000 | 01/01/39 | 550307 |
| 500000 | 5.000 | 01/01/40 | 543515 |

---

------

THE NATIONAL TAX-FREE INTERMEDIATE BOND FUND

*January 31, 2026 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** |
| **Michigan – (continued)** | **Michigan – (continued)** | **Michigan – (continued)** | **Michigan – (continued)** |
| Grand Blanc Community Schools (Taxable-Refunding) Series 2021 (Q-SBLF) (AA/NR) | Grand Blanc Community Schools (Taxable-Refunding) Series 2021 (Q-SBLF) (AA/NR) | Grand Blanc Community Schools (Taxable-Refunding) Series 2021 (Q-SBLF) (AA/NR) | Grand Blanc Community Schools (Taxable-Refunding) Series 2021 (Q-SBLF) (AA/NR) |
| $500000 | 2.000% | 05/01/26 | $498102 |
| Grand Rapids MI Public Schools GO Bonds Series 2024 (AG) (AA/NR)<sup>(a)</sup> | Grand Rapids MI Public Schools GO Bonds Series 2024 (AG) (AA/NR)<sup>(a)</sup> | Grand Rapids MI Public Schools GO Bonds Series 2024 (AG) (AA/NR)<sup>(a)</sup> | Grand Rapids MI Public Schools GO Bonds Series 2024 (AG) (AA/NR)<sup>(a)</sup> |
| 875000 | 5.000 | 05/01/37 | 989865 |
| 750000 | 5.000 | 05/01/38 | 841690 |
| 775000 | 5.000 | 05/01/40 | 857083 |
| Grand Traverse County MI Hospital Finance Authority Revenue Bonds (Munson Healthcare Obligated Group) Series A (NR/A1)<sup>(a)</sup> | Grand Traverse County MI Hospital Finance Authority Revenue Bonds (Munson Healthcare Obligated Group) Series A (NR/A1)<sup>(a)</sup> | Grand Traverse County MI Hospital Finance Authority Revenue Bonds (Munson Healthcare Obligated Group) Series A (NR/A1)<sup>(a)</sup> | Grand Traverse County MI Hospital Finance Authority Revenue Bonds (Munson Healthcare Obligated Group) Series A (NR/A1)<sup>(a)</sup> |
| 445000 | 5.000 | 07/01/30 | 471225 |
| Grand Traverse County MI Hospital Finance Authority Revenue Bonds (Munson Healthcare Obligated Group) Series B (NR/A1)<sup>(a)</sup> | Grand Traverse County MI Hospital Finance Authority Revenue Bonds (Munson Healthcare Obligated Group) Series B (NR/A1)<sup>(a)</sup> | Grand Traverse County MI Hospital Finance Authority Revenue Bonds (Munson Healthcare Obligated Group) Series B (NR/A1)<sup>(a)</sup> | Grand Traverse County MI Hospital Finance Authority Revenue Bonds (Munson Healthcare Obligated Group) Series B (NR/A1)<sup>(a)</sup> |
| 380000 | 5.000 | 07/01/31 | 401411 |
| Ingham County Building Authority Revenue Bonds (Justice Complex Project) Series 2020 (AA/NR)<sup>(a)</sup> | Ingham County Building Authority Revenue Bonds (Justice Complex Project) Series 2020 (AA/NR)<sup>(a)</sup> | Ingham County Building Authority Revenue Bonds (Justice Complex Project) Series 2020 (AA/NR)<sup>(a)</sup> | Ingham County Building Authority Revenue Bonds (Justice Complex Project) Series 2020 (AA/NR)<sup>(a)</sup> |
| 1485000 | 2.000 | 05/01/31 | 1379214 |
| Michigan Finance Authority Revenue Bonds (Refunding) Series 2016 (NR/A2)<sup>(a)</sup> | Michigan Finance Authority Revenue Bonds (Refunding) Series 2016 (NR/A2)<sup>(a)</sup> | Michigan Finance Authority Revenue Bonds (Refunding) Series 2016 (NR/A2)<sup>(a)</sup> | Michigan Finance Authority Revenue Bonds (Refunding) Series 2016 (NR/A2)<sup>(a)</sup> |
| 5000000 | 5.000 | 11/15/41 | 5042789 |
| Michigan State Housing Development Authority Revenue Bonds Series A (AA+/NR)<sup>(a)</sup> | Michigan State Housing Development Authority Revenue Bonds Series A (AA+/NR)<sup>(a)</sup> | Michigan State Housing Development Authority Revenue Bonds Series A (AA+/NR)<sup>(a)</sup> | Michigan State Housing Development Authority Revenue Bonds Series A (AA+/NR)<sup>(a)</sup> |
| 470000 | 2.550 | 04/01/28 | 463925 |
| 410000 | 2.600 | 10/01/28 | 403594 |
| North Muskegon MI Public Schools MI GO Bonds Series 2024 (AA/NR)<sup>(a)</sup> | North Muskegon MI Public Schools MI GO Bonds Series 2024 (AA/NR)<sup>(a)</sup> | North Muskegon MI Public Schools MI GO Bonds Series 2024 (AA/NR)<sup>(a)</sup> | North Muskegon MI Public Schools MI GO Bonds Series 2024 (AA/NR)<sup>(a)</sup> |
| 425000 | 5.000 | 05/01/36 | 488832 |
| 200000 | 5.000 | 05/01/38 | 226457 |
| 315000 | 5.000 | 05/01/40 | 350209 |
| 580000 | 5.000 | 05/01/44 | 619524 |
|  |  |  | 14681348 |
| **Minnesota – 0.4%** | **Minnesota – 0.4%** | **Minnesota – 0.4%** | **Minnesota – 0.4%** |
| Minnesota Higher Education Facilities Authority Revenue Bonds (University Of St. Thomas) Series 2016 8-L (NR/A2)<sup>(a)</sup> | Minnesota Higher Education Facilities Authority Revenue Bonds (University Of St. Thomas) Series 2016 8-L (NR/A2)<sup>(a)</sup> | Minnesota Higher Education Facilities Authority Revenue Bonds (University Of St. Thomas) Series 2016 8-L (NR/A2)<sup>(a)</sup> | Minnesota Higher Education Facilities Authority Revenue Bonds (University Of St. Thomas) Series 2016 8-L (NR/A2)<sup>(a)</sup> |
| 1265000 | 5.000 | 04/01/35 | 1269495 |
| Minnesota State Housing & Finance Agency Revenue Bonds Series A (FHLMC/FNMA/GNMA) (AA+/Aa1) | Minnesota State Housing & Finance Agency Revenue Bonds Series A (FHLMC/FNMA/GNMA) (AA+/Aa1) | Minnesota State Housing & Finance Agency Revenue Bonds Series A (FHLMC/FNMA/GNMA) (AA+/Aa1) | Minnesota State Housing & Finance Agency Revenue Bonds Series A (FHLMC/FNMA/GNMA) (AA+/Aa1) |
| 230000 | 1.700 | 07/01/26 | 228195 |
|  |  |  | 1497690 |
| **Mississippi – 2.2%** | **Mississippi – 2.2%** | **Mississippi – 2.2%** | **Mississippi – 2.2%** |
| City of Gulfport MS Revenue Bonds (Memorial Hospital at Gulfport Project) Series 2025 (NR/Baa2) | City of Gulfport MS Revenue Bonds (Memorial Hospital at Gulfport Project) Series 2025 (NR/Baa2) | City of Gulfport MS Revenue Bonds (Memorial Hospital at Gulfport Project) Series 2025 (NR/Baa2) | City of Gulfport MS Revenue Bonds (Memorial Hospital at Gulfport Project) Series 2025 (NR/Baa2) |
| 300000 | 5.000 | 07/01/35 | 337468 |
| 325000 | 5.250 <sup>(a)</sup> | 07/01/36 | 368692 |
| 375000 | 5.250 <sup>(a)</sup> | 07/01/37 | 422884 |
| 500000 | 5.250 <sup>(a)</sup> | 07/01/38 | 560838 |
| Mississippi State Development Bank Special Obligation Revenue Bonds (Hinds County Project) Series 2017 (NR/WR)<sup>(a)</sup> | Mississippi State Development Bank Special Obligation Revenue Bonds (Hinds County Project) Series 2017 (NR/WR)<sup>(a)</sup> | Mississippi State Development Bank Special Obligation Revenue Bonds (Hinds County Project) Series 2017 (NR/WR)<sup>(a)</sup> | Mississippi State Development Bank Special Obligation Revenue Bonds (Hinds County Project) Series 2017 (NR/WR)<sup>(a)</sup> |
| 300000 | 5.000 | 11/01/29 | 305162 |
| 400000 | 5.000 | 11/01/30 | 406657 |
| 500000 | 5.000 | 11/01/31 | 507822 |
| 400000 | 5.000 | 11/01/32 | 405680 |
| Mississippi State Home Corp. Revenue Bonds Series 2022 (FHLMC/FNMA/GNMA) (NR/Aa1) | Mississippi State Home Corp. Revenue Bonds Series 2022 (FHLMC/FNMA/GNMA) (NR/Aa1) | Mississippi State Home Corp. Revenue Bonds Series 2022 (FHLMC/FNMA/GNMA) (NR/Aa1) | Mississippi State Home Corp. Revenue Bonds Series 2022 (FHLMC/FNMA/GNMA) (NR/Aa1) |
| 720000 | 1.800 | 06/01/30 | 672367 |
| 690000 | 1.850 | 12/01/30 | 639002 |
| 1000000 | 1.950 <sup>(a)</sup> | 06/01/31 | 921339 |
| Warren MS Certificates of Participation Series 2023 (BAM) (AA/Aa3)<sup>(a)</sup> | Warren MS Certificates of Participation Series 2023 (BAM) (AA/Aa3)<sup>(a)</sup> | Warren MS Certificates of Participation Series 2023 (BAM) (AA/Aa3)<sup>(a)</sup> | Warren MS Certificates of Participation Series 2023 (BAM) (AA/Aa3)<sup>(a)</sup> |
| 1000000 | 6.000 | 09/01/39 | 1160348 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** |
| **Mississippi – (continued)** | **Mississippi – (continued)** | **Mississippi – (continued)** | **Mississippi – (continued)** |
| Warren MS Certificates of Participation Series 2023 (BAM) (AA/Aa3)<sup>(a)</sup> (continued) | Warren MS Certificates of Participation Series 2023 (BAM) (AA/Aa3)<sup>(a)</sup> (continued) | Warren MS Certificates of Participation Series 2023 (BAM) (AA/Aa3)<sup>(a)</sup> (continued) | Warren MS Certificates of Participation Series 2023 (BAM) (AA/Aa3)<sup>(a)</sup> (continued) |
| $1000000 | 6.000% | 09/01/40 | $1151494 |
|  |  |  | 7859753 |
| **Missouri – 2.2%** | **Missouri – 2.2%** | **Missouri – 2.2%** | **Missouri – 2.2%** |
| Health & Educational Facilities Authority Of The State Of Missouri Revenue Bonds (Mercy Health) Series 2014 F (A+/A1)<sup>(a)</sup> | Health & Educational Facilities Authority Of The State Of Missouri Revenue Bonds (Mercy Health) Series 2014 F (A+/A1)<sup>(a)</sup> | Health & Educational Facilities Authority Of The State Of Missouri Revenue Bonds (Mercy Health) Series 2014 F (A+/A1)<sup>(a)</sup> | Health & Educational Facilities Authority Of The State Of Missouri Revenue Bonds (Mercy Health) Series 2014 F (A+/A1)<sup>(a)</sup> |
| 3000000 | 5.000 | 11/15/45 | 3001160 |
| Missouri MO Development Finance Board Revenue Bond (City of Independence Missouri Events Center Project) (Refunding) Series 2021 (A-/NR) | Missouri MO Development Finance Board Revenue Bond (City of Independence Missouri Events Center Project) (Refunding) Series 2021 (A-/NR) | Missouri MO Development Finance Board Revenue Bond (City of Independence Missouri Events Center Project) (Refunding) Series 2021 (A-/NR) | Missouri MO Development Finance Board Revenue Bond (City of Independence Missouri Events Center Project) (Refunding) Series 2021 (A-/NR) |
| 850000 | 4.000 | 04/01/28 | 871035 |
| 1825000 | 4.000 | 04/01/29 | 1886716 |
| 810000 | 4.000 | 04/01/30 | 842549 |
| Missouri State Housing Development Commission Single Family Mortgage Revenue Bonds (Homeownership Loan Program) Series F (FHMLC/FNMA/GNMA) (AA+/NR)<sup>(a)</sup> | Missouri State Housing Development Commission Single Family Mortgage Revenue Bonds (Homeownership Loan Program) Series F (FHMLC/FNMA/GNMA) (AA+/NR)<sup>(a)</sup> | Missouri State Housing Development Commission Single Family Mortgage Revenue Bonds (Homeownership Loan Program) Series F (FHMLC/FNMA/GNMA) (AA+/NR)<sup>(a)</sup> | Missouri State Housing Development Commission Single Family Mortgage Revenue Bonds (Homeownership Loan Program) Series F (FHMLC/FNMA/GNMA) (AA+/NR)<sup>(a)</sup> |
| 1170000 | 4.050 | 05/01/36 | 1205699 |
|  |  |  | 7807159 |
| **Nebraska<sup>(a)</sup> – 0.0%** | **Nebraska<sup>(a)</sup> – 0.0%** | **Nebraska<sup>(a)</sup> – 0.0%** | **Nebraska<sup>(a)</sup> – 0.0%** |
| Sarpy County NE Hospital Authority No.1 Revenue Bonds (Refunding-Nebraska Medicine) Series 2016 (AA-/NR) | Sarpy County NE Hospital Authority No.1 Revenue Bonds (Refunding-Nebraska Medicine) Series 2016 (AA-/NR) | Sarpy County NE Hospital Authority No.1 Revenue Bonds (Refunding-Nebraska Medicine) Series 2016 (AA-/NR) | Sarpy County NE Hospital Authority No.1 Revenue Bonds (Refunding-Nebraska Medicine) Series 2016 (AA-/NR) |
| 35000 | 3.000 | 05/15/46 | 28043 |
| **New Jersey – 2.1%** | **New Jersey – 2.1%** | **New Jersey – 2.1%** | **New Jersey – 2.1%** |
| Casino Reinvestment Development Authority, Inc. Revenue Bonds Series B (AG) (AA/A1)<sup>(a)</sup> | Casino Reinvestment Development Authority, Inc. Revenue Bonds Series B (AG) (AA/A1)<sup>(a)</sup> | Casino Reinvestment Development Authority, Inc. Revenue Bonds Series B (AG) (AA/A1)<sup>(a)</sup> | Casino Reinvestment Development Authority, Inc. Revenue Bonds Series B (AG) (AA/A1)<sup>(a)</sup> |
| 500000 | 5.000 | 11/01/35 | 573905 |
| 500000 | 5.000 | 11/01/36 | 568639 |
| 750000 | 5.000 | 11/01/37 | 846018 |
| 715000 | 5.000 | 11/01/38 | 800676 |
| County of Union NJ GO Bonds Series 2016 (AA+/Aaa)<sup>(a)</sup> | County of Union NJ GO Bonds Series 2016 (AA+/Aaa)<sup>(a)</sup> | County of Union NJ GO Bonds Series 2016 (AA+/Aaa)<sup>(a)</sup> | County of Union NJ GO Bonds Series 2016 (AA+/Aaa)<sup>(a)</sup> |
| 600000 | 2.000 | 03/01/27 | 593795 |
| New Jersey Higher Education Student Assistance Authority Revenue Bonds Series 2024 B (AMT) (AA/NR) | New Jersey Higher Education Student Assistance Authority Revenue Bonds Series 2024 B (AMT) (AA/NR) | New Jersey Higher Education Student Assistance Authority Revenue Bonds Series 2024 B (AMT) (AA/NR) | New Jersey Higher Education Student Assistance Authority Revenue Bonds Series 2024 B (AMT) (AA/NR) |
| 2800000 | 5.000 | 12/01/32 | 3063222 |
| 1000000 | 5.000 | 12/01/33 | 1097055 |
|  |  |  | 7543310 |
| **New Mexico – 0.5%** | **New Mexico – 0.5%** | **New Mexico – 0.5%** | **New Mexico – 0.5%** |
| New Mexico State Mortgage Finance Authority Revenue Bonds Series A (FHLMC/FNMA/GNMA) (NR/Aa1) | New Mexico State Mortgage Finance Authority Revenue Bonds Series A (FHLMC/FNMA/GNMA) (NR/Aa1) | New Mexico State Mortgage Finance Authority Revenue Bonds Series A (FHLMC/FNMA/GNMA) (NR/Aa1) | New Mexico State Mortgage Finance Authority Revenue Bonds Series A (FHLMC/FNMA/GNMA) (NR/Aa1) |
| 775000 | 1.900 | 03/01/31 | 717153 |
| 520000 | 2.050 <sup>(a)</sup> | 03/01/32 | 480202 |
| 585000 | 2.100 <sup>(a)</sup> | 09/01/32 | 532964 |
|  |  |  | 1730319 |
| **New York<sup>(a)</sup> – 0.7%** | **New York<sup>(a)</sup> – 0.7%** | **New York<sup>(a)</sup> – 0.7%** | **New York<sup>(a)</sup> – 0.7%** |
| Upper Mohawk Valley Memorial Auditorium Authority Revenue Bonds (Refunding) Series 2021 (A+/NR) | Upper Mohawk Valley Memorial Auditorium Authority Revenue Bonds (Refunding) Series 2021 (A+/NR) | Upper Mohawk Valley Memorial Auditorium Authority Revenue Bonds (Refunding) Series 2021 (A+/NR) | Upper Mohawk Valley Memorial Auditorium Authority Revenue Bonds (Refunding) Series 2021 (A+/NR) |
| 890000 | 2.700 | 12/01/32 | 802437 |
| 915000 | 2.850 | 12/01/33 | 816688 |
| 940000 | 3.000 | 12/01/34 | 832361 |
|  |  |  | 2451486 |
| **North Carolina<sup>(a)</sup> – 0.2%** | **North Carolina<sup>(a)</sup> – 0.2%** | **North Carolina<sup>(a)</sup> – 0.2%** | **North Carolina<sup>(a)</sup> – 0.2%** |
| North Carolina State Housing Finance Agency Homeownership Revenue Bonds Series 39-B (FHLMC/FNMA/GNMA) (AA+/Aa1) | North Carolina State Housing Finance Agency Homeownership Revenue Bonds Series 39-B (FHLMC/FNMA/GNMA) (AA+/Aa1) | North Carolina State Housing Finance Agency Homeownership Revenue Bonds Series 39-B (FHLMC/FNMA/GNMA) (AA+/Aa1) | North Carolina State Housing Finance Agency Homeownership Revenue Bonds Series 39-B (FHLMC/FNMA/GNMA) (AA+/Aa1) |
| 585000 | 3.200 | 01/01/29 | 589774 |

---

------

THE NATIONAL TAX-FREE INTERMEDIATE BOND FUND

*January 31, 2026 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** |
| **Ohio – 3.6%** | **Ohio – 3.6%** | **Ohio – 3.6%** | **Ohio – 3.6%** |
| Akron OH Certificates of Participation (District Energy Project) Series 2018 (A/NR)<sup>(a)</sup> | Akron OH Certificates of Participation (District Energy Project) Series 2018 (A/NR)<sup>(a)</sup> | Akron OH Certificates of Participation (District Energy Project) Series 2018 (A/NR)<sup>(a)</sup> | Akron OH Certificates of Participation (District Energy Project) Series 2018 (A/NR)<sup>(a)</sup> |
| $960000 | 4.000% | 12/01/31 | $968519 |
| Akron OH GO Bonds (Refunding) Series 2015 (A+/NR)<sup>(a)</sup> | Akron OH GO Bonds (Refunding) Series 2015 (A+/NR)<sup>(a)</sup> | Akron OH GO Bonds (Refunding) Series 2015 (A+/NR)<sup>(a)</sup> | Akron OH GO Bonds (Refunding) Series 2015 (A+/NR)<sup>(a)</sup> |
| 545000 | 5.000 | 12/01/26 | 546048 |
| City of Middletown OH GO Bonds (Refunding) Series 2017 (NR/NR)<sup>(d)</sup> | City of Middletown OH GO Bonds (Refunding) Series 2017 (NR/NR)<sup>(d)</sup> | City of Middletown OH GO Bonds (Refunding) Series 2017 (NR/NR)<sup>(d)</sup> | City of Middletown OH GO Bonds (Refunding) Series 2017 (NR/NR)<sup>(d)</sup> |
| 110000 | 5.000 | 12/01/27 | 115039 |
| Dayton City School District Certificates of Participation Series 2021 (NR/A3)<sup>(a)</sup> | Dayton City School District Certificates of Participation Series 2021 (NR/A3)<sup>(a)</sup> | Dayton City School District Certificates of Participation Series 2021 (NR/A3)<sup>(a)</sup> | Dayton City School District Certificates of Participation Series 2021 (NR/A3)<sup>(a)</sup> |
| 610000 | 4.000 | 12/01/30 | 636619 |
| 675000 | 3.000 | 12/01/33 | 667027 |
| Dayton-Montgomery County Port Authority Revenue Bonds Series 2021 (A-/NR) | Dayton-Montgomery County Port Authority Revenue Bonds Series 2021 (A-/NR) | Dayton-Montgomery County Port Authority Revenue Bonds Series 2021 (A-/NR) | Dayton-Montgomery County Port Authority Revenue Bonds Series 2021 (A-/NR) |
| 325000 | 2.000 | 11/15/31 | 297360 |
| Mahoning County OH Career & Technical Center Board of Education Certificates of Participation (Refunding) Series 2017 (AA-/NR)<sup>(a)</sup> | Mahoning County OH Career & Technical Center Board of Education Certificates of Participation (Refunding) Series 2017 (AA-/NR)<sup>(a)</sup> | Mahoning County OH Career & Technical Center Board of Education Certificates of Participation (Refunding) Series 2017 (AA-/NR)<sup>(a)</sup> | Mahoning County OH Career & Technical Center Board of Education Certificates of Participation (Refunding) Series 2017 (AA-/NR)<sup>(a)</sup> |
| 630000 | 4.000 | 12/01/26 | 630773 |
| 500000 | 4.000 | 12/01/29 | 500551 |
| Ohio Housing Finance Agency Revenue Bonds Series 2025 A (FHLMC/FNMA/GNMA) (NR/Aa1) | Ohio Housing Finance Agency Revenue Bonds Series 2025 A (FHLMC/FNMA/GNMA) (NR/Aa1) | Ohio Housing Finance Agency Revenue Bonds Series 2025 A (FHLMC/FNMA/GNMA) (NR/Aa1) | Ohio Housing Finance Agency Revenue Bonds Series 2025 A (FHLMC/FNMA/GNMA) (NR/Aa1) |
| 500000 | 6.000 | 09/01/31 | 588366 |
| Polaris Career Center Certificate of Participation (Refunding) Series 2025 (NR/Aa3) | Polaris Career Center Certificate of Participation (Refunding) Series 2025 (NR/Aa3) | Polaris Career Center Certificate of Participation (Refunding) Series 2025 (NR/Aa3) | Polaris Career Center Certificate of Participation (Refunding) Series 2025 (NR/Aa3) |
| 500000 | 5.000 | 11/01/32 | 566679 |
| 500000 | 5.000 <sup>(a)</sup> | 11/01/38 | 555118 |
| 500000 | 5.000 <sup>(a)</sup> | 11/01/39 | 550886 |
| Port of Greater Cincinnati Development Authority Revenue Bonds (Refunding) Series 2024 B (A-/A2)<sup>(a)</sup> | Port of Greater Cincinnati Development Authority Revenue Bonds (Refunding) Series 2024 B (A-/A2)<sup>(a)</sup> | Port of Greater Cincinnati Development Authority Revenue Bonds (Refunding) Series 2024 B (A-/A2)<sup>(a)</sup> | Port of Greater Cincinnati Development Authority Revenue Bonds (Refunding) Series 2024 B (A-/A2)<sup>(a)</sup> |
| 2305000 | 5.000 | 12/01/36 | 2615391 |
| Toledo-Lucas County Port Authority Revenue Bonds Series 2021 (A/NR) | Toledo-Lucas County Port Authority Revenue Bonds Series 2021 (A/NR) | Toledo-Lucas County Port Authority Revenue Bonds Series 2021 (A/NR) | Toledo-Lucas County Port Authority Revenue Bonds Series 2021 (A/NR) |
| 325000 | 2.000 | 11/15/31 | 298495 |
| University of Toledo OH Revenue Bonds (Refunding-General Receipt) Series A (A/A2)<sup>(a)</sup> | University of Toledo OH Revenue Bonds (Refunding-General Receipt) Series A (A/A2)<sup>(a)</sup> | University of Toledo OH Revenue Bonds (Refunding-General Receipt) Series A (A/A2)<sup>(a)</sup> | University of Toledo OH Revenue Bonds (Refunding-General Receipt) Series A (A/A2)<sup>(a)</sup> |
| 700000 | 4.000 | 06/01/36 | 704670 |
| Youngstown State OH University Revenue Bonds Series 2025 (BAM) (AA/A2)<sup>(a)</sup> | Youngstown State OH University Revenue Bonds Series 2025 (BAM) (AA/A2)<sup>(a)</sup> | Youngstown State OH University Revenue Bonds Series 2025 (BAM) (AA/A2)<sup>(a)</sup> | Youngstown State OH University Revenue Bonds Series 2025 (BAM) (AA/A2)<sup>(a)</sup> |
| 505000 | 5.000 | 12/15/36 | 570457 |
| 535000 | 5.000 | 12/15/37 | 596798 |
| 1085000 | 5.000 | 12/15/38 | 1201302 |
|  |  |  | 12610098 |
| **Oklahoma – 2.2%** | **Oklahoma – 2.2%** | **Oklahoma – 2.2%** | **Oklahoma – 2.2%** |
| Leflore County OK Public Facility Authority Educational Facility Lease Revenue Bonds (Poteau Public School Project) Series 2019 (A-/NR) | Leflore County OK Public Facility Authority Educational Facility Lease Revenue Bonds (Poteau Public School Project) Series 2019 (A-/NR) | Leflore County OK Public Facility Authority Educational Facility Lease Revenue Bonds (Poteau Public School Project) Series 2019 (A-/NR) | Leflore County OK Public Facility Authority Educational Facility Lease Revenue Bonds (Poteau Public School Project) Series 2019 (A-/NR) |
| 1350000 | 4.000 | 12/01/28 | 1390261 |
| McClain County Economic Development Authority Revenue Bonds (Washington Public Schools Project) Series 2022<br>(A-/NR)<sup>(a)</sup> | McClain County Economic Development Authority Revenue Bonds (Washington Public Schools Project) Series 2022<br>(A-/NR)<sup>(a)</sup> | McClain County Economic Development Authority Revenue Bonds (Washington Public Schools Project) Series 2022<br>(A-/NR)<sup>(a)</sup> | McClain County Economic Development Authority Revenue Bonds (Washington Public Schools Project) Series 2022<br>(A-/NR)<sup>(a)</sup> |
| 2000000 | 4.000 | 09/01/36 | 2060039 |
| Murray County OKLA Educational Facilities Authority Revenue Bonds (Sulphur Public Schools Project) Series 2022 (A-/NR)<sup>(a)</sup> | Murray County OKLA Educational Facilities Authority Revenue Bonds (Sulphur Public Schools Project) Series 2022 (A-/NR)<sup>(a)</sup> | Murray County OKLA Educational Facilities Authority Revenue Bonds (Sulphur Public Schools Project) Series 2022 (A-/NR)<sup>(a)</sup> | Murray County OKLA Educational Facilities Authority Revenue Bonds (Sulphur Public Schools Project) Series 2022 (A-/NR)<sup>(a)</sup> |
| 2580000 | 5.000 | 09/01/42 | 2736990 |
| Oklahoma Capitol Improvement Authority Revenue Bonds Series 2018 (NR/NR)<sup>(a)(d)</sup> | Oklahoma Capitol Improvement Authority Revenue Bonds Series 2018 (NR/NR)<sup>(a)(d)</sup> | Oklahoma Capitol Improvement Authority Revenue Bonds Series 2018 (NR/NR)<sup>(a)(d)</sup> | Oklahoma Capitol Improvement Authority Revenue Bonds Series 2018 (NR/NR)<sup>(a)(d)</sup> |
| 25000 | 4.000 | 07/01/28 | 26041 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** |
| **Oklahoma – (continued)** | **Oklahoma – (continued)** | **Oklahoma – (continued)** | **Oklahoma – (continued)** |
| Tulsa County Home Finance Authority Revenue Bonds Series A (GNMA) (NR/Aa1)<sup>(a)</sup> | Tulsa County Home Finance Authority Revenue Bonds Series A (GNMA) (NR/Aa1)<sup>(a)</sup> | Tulsa County Home Finance Authority Revenue Bonds Series A (GNMA) (NR/Aa1)<sup>(a)</sup> | Tulsa County Home Finance Authority Revenue Bonds Series A (GNMA) (NR/Aa1)<sup>(a)</sup> |
| $1390000 | 5.000% | 07/01/40 | $1481291 |
|  |  |  | 7694622 |
| **Pennsylvania – 9.3%** | **Pennsylvania – 9.3%** | **Pennsylvania – 9.3%** | **Pennsylvania – 9.3%** |
| Berwick Area School District GO Bonds Series 2021 (BAM) (AA/NR)<sup>(a)</sup> | Berwick Area School District GO Bonds Series 2021 (BAM) (AA/NR)<sup>(a)</sup> | Berwick Area School District GO Bonds Series 2021 (BAM) (AA/NR)<sup>(a)</sup> | Berwick Area School District GO Bonds Series 2021 (BAM) (AA/NR)<sup>(a)</sup> |
| 345000 | 3.000 | 11/15/34 | 343343 |
| Bucks County Technical School Authority Revenue Bonds Series 2022 (BAM) (AA/A1)<sup>(a)</sup> | Bucks County Technical School Authority Revenue Bonds Series 2022 (BAM) (AA/A1)<sup>(a)</sup> | Bucks County Technical School Authority Revenue Bonds Series 2022 (BAM) (AA/A1)<sup>(a)</sup> | Bucks County Technical School Authority Revenue Bonds Series 2022 (BAM) (AA/A1)<sup>(a)</sup> |
| 455000 | 4.000 | 02/15/33 | 475291 |
| Centre County PA Hospital Authority Revenue Bonds (Refunding Hospital Mount Nittany Medical Center Project) Series A (A+/NR) | Centre County PA Hospital Authority Revenue Bonds (Refunding Hospital Mount Nittany Medical Center Project) Series A (A+/NR) | Centre County PA Hospital Authority Revenue Bonds (Refunding Hospital Mount Nittany Medical Center Project) Series A (A+/NR) | Centre County PA Hospital Authority Revenue Bonds (Refunding Hospital Mount Nittany Medical Center Project) Series A (A+/NR) |
| 1000000 | 5.000 | 11/15/26 | 1017857 |
| Chester County PA School Authority Revenue Bonds (Chester County Intermediate Unit Project) Series 2024 (BAM) (AA/Aa3)<sup>(a)</sup> | Chester County PA School Authority Revenue Bonds (Chester County Intermediate Unit Project) Series 2024 (BAM) (AA/Aa3)<sup>(a)</sup> | Chester County PA School Authority Revenue Bonds (Chester County Intermediate Unit Project) Series 2024 (BAM) (AA/Aa3)<sup>(a)</sup> | Chester County PA School Authority Revenue Bonds (Chester County Intermediate Unit Project) Series 2024 (BAM) (AA/Aa3)<sup>(a)</sup> |
| 750000 | 5.000 | 04/01/36 | 828531 |
| 500000 | 5.000 | 04/01/38 | 547629 |
| Clarion County Industrial Development Authority Revenue Bonds (Refunding-Clarion University Foundation, Inc.) Series 2025 (BAM) (AA/A1) | Clarion County Industrial Development Authority Revenue Bonds (Refunding-Clarion University Foundation, Inc.) Series 2025 (BAM) (AA/A1) | Clarion County Industrial Development Authority Revenue Bonds (Refunding-Clarion University Foundation, Inc.) Series 2025 (BAM) (AA/A1) | Clarion County Industrial Development Authority Revenue Bonds (Refunding-Clarion University Foundation, Inc.) Series 2025 (BAM) (AA/A1) |
| 530000 | 5.000 | 07/01/31 | 585993 |
| 555000 | 5.000 | 07/01/32 | 620876 |
| 580000 | 5.000 | 07/01/33 | 655018 |
| 460000 | 5.000 | 07/01/34 | 523661 |
| Coatesville School District GO Bonds Series 2025 (AG)<br>(AA/Aa3)<sup>(a)</sup> | Coatesville School District GO Bonds Series 2025 (AG)<br>(AA/Aa3)<sup>(a)</sup> | Coatesville School District GO Bonds Series 2025 (AG)<br>(AA/Aa3)<sup>(a)</sup> | Coatesville School District GO Bonds Series 2025 (AG)<br>(AA/Aa3)<sup>(a)</sup> |
| 1000000 | 5.250 | 11/15/40 | 1112622 |
| 1000000 | 5.250 | 11/15/41 | 1107204 |
| Monessen School District PA GO Bonds (Refunding) Series 2025 (BAM) (AA/NR)<sup>(a)</sup> | Monessen School District PA GO Bonds (Refunding) Series 2025 (BAM) (AA/NR)<sup>(a)</sup> | Monessen School District PA GO Bonds (Refunding) Series 2025 (BAM) (AA/NR)<sup>(a)</sup> | Monessen School District PA GO Bonds (Refunding) Series 2025 (BAM) (AA/NR)<sup>(a)</sup> |
| 660000 | 5.000 | 06/01/35 | 743743 |
| 805000 | 5.000 | 06/01/39 | 887631 |
| 845000 | 5.000 | 06/01/40 | 924419 |
| Pennsylvania Higher Education Assistance Agency Revenue Bonds Series A (A/Aa2) | Pennsylvania Higher Education Assistance Agency Revenue Bonds Series A (A/Aa2) | Pennsylvania Higher Education Assistance Agency Revenue Bonds Series A (A/Aa2) | Pennsylvania Higher Education Assistance Agency Revenue Bonds Series A (A/Aa2) |
| 525000 | 5.000 | 06/01/27 | 535968 |
| 525000 | 5.000 | 06/01/28 | 544005 |
| 535000 | 5.000 | 06/01/29 | 562330 |
| 425000 | 5.000 | 06/01/30 | 452446 |
| Pennsylvania Higher Education Assistance Agency Revenue Bonds Series A (AAA/Aa2) | Pennsylvania Higher Education Assistance Agency Revenue Bonds Series A (AAA/Aa2) | Pennsylvania Higher Education Assistance Agency Revenue Bonds Series A (AAA/Aa2) | Pennsylvania Higher Education Assistance Agency Revenue Bonds Series A (AAA/Aa2) |
| 500000 | 5.000 | 06/01/26 | 502739 |
| Pennsylvania State Higher Educational Facilities Authority Revenue Bonds Series 2022 (AA/Aa3)<sup>(a)</sup> | Pennsylvania State Higher Educational Facilities Authority Revenue Bonds Series 2022 (AA/Aa3)<sup>(a)</sup> | Pennsylvania State Higher Educational Facilities Authority Revenue Bonds Series 2022 (AA/Aa3)<sup>(a)</sup> | Pennsylvania State Higher Educational Facilities Authority Revenue Bonds Series 2022 (AA/Aa3)<sup>(a)</sup> |
| 475000 | 4.000 | 08/15/42 | 468333 |
| Pennsylvania State Housing Finance Agency SF Mortgage Revenue Bonds Series 130A (AA+/Aa1)<sup>(a)</sup> | Pennsylvania State Housing Finance Agency SF Mortgage Revenue Bonds Series 130A (AA+/Aa1)<sup>(a)</sup> | Pennsylvania State Housing Finance Agency SF Mortgage Revenue Bonds Series 130A (AA+/Aa1)<sup>(a)</sup> | Pennsylvania State Housing Finance Agency SF Mortgage Revenue Bonds Series 130A (AA+/Aa1)<sup>(a)</sup> |
| 795000 | 2.100 | 10/01/30 | 765096 |
| Pennsylvania State Turnpike Commission Turnpike Revenue Bonds (Taxable-Refunding-1st) Series 2020 (NR/Aa3) | Pennsylvania State Turnpike Commission Turnpike Revenue Bonds (Taxable-Refunding-1st) Series 2020 (NR/Aa3) | Pennsylvania State Turnpike Commission Turnpike Revenue Bonds (Taxable-Refunding-1st) Series 2020 (NR/Aa3) | Pennsylvania State Turnpike Commission Turnpike Revenue Bonds (Taxable-Refunding-1st) Series 2020 (NR/Aa3) |
| 335000 | 2.355 | 12/01/26 | 331113 |
| 350000 | 2.633 | 12/01/29 | 333013 |
| Pittsburgh School District GO Bonds Series 2025 (BAM)<br>(AA/A1)<sup>(a)</sup> | Pittsburgh School District GO Bonds Series 2025 (BAM)<br>(AA/A1)<sup>(a)</sup> | Pittsburgh School District GO Bonds Series 2025 (BAM)<br>(AA/A1)<sup>(a)</sup> | Pittsburgh School District GO Bonds Series 2025 (BAM)<br>(AA/A1)<sup>(a)</sup> |
| 1845000 | 4.050 | 09/01/40 | 1889013 |
| Pittsburgh Water & Sewer Authority Revenue Bonds Series A (AG) (AA/A1)<sup>(a)</sup> | Pittsburgh Water & Sewer Authority Revenue Bonds Series A (AG) (AA/A1)<sup>(a)</sup> | Pittsburgh Water & Sewer Authority Revenue Bonds Series A (AG) (AA/A1)<sup>(a)</sup> | Pittsburgh Water & Sewer Authority Revenue Bonds Series A (AG) (AA/A1)<sup>(a)</sup> |
| 800000 | 5.000 | 09/01/40 | 887361 |
| 1750000 | 5.000 | 09/01/41 | 1908146 |
| Shikellamy School District PA GO Bonds Series 2020 (BAM) (AA/NR)<sup>(a)</sup> | Shikellamy School District PA GO Bonds Series 2020 (BAM) (AA/NR)<sup>(a)</sup> | Shikellamy School District PA GO Bonds Series 2020 (BAM) (AA/NR)<sup>(a)</sup> | Shikellamy School District PA GO Bonds Series 2020 (BAM) (AA/NR)<sup>(a)</sup> |
| 1945000 | 2.000 | 09/01/28 | 1877589 |
| 1610000 | 2.000 | 09/01/29 | 1527592 |

---

------

THE NATIONAL TAX-FREE INTERMEDIATE BOND FUND

*January 31, 2026 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** |
| **Pennsylvania – (continued)** | **Pennsylvania – (continued)** | **Pennsylvania – (continued)** | **Pennsylvania – (continued)** |
| Southcentral PA General Authority Revenue Bond Series TT2 (A-/NR) | Southcentral PA General Authority Revenue Bond Series TT2 (A-/NR) | Southcentral PA General Authority Revenue Bond Series TT2 (A-/NR) | Southcentral PA General Authority Revenue Bond Series TT2 (A-/NR) |
| $225000 | 5.000% | 05/01/28 | $235094 |
| 225000 | 5.000 | 05/01/29 | 239434 |
| 400000 | 5.000 | 05/01/30 | 432829 |
| 375000 | 5.000 | 05/01/31 | 411579 |
| 325000 | 4.000 <sup>(a)</sup> | 05/01/32 | 331828 |
| 325000 | 4.000 <sup>(a)</sup> | 05/01/33 | 330470 |
| 300000 | 4.000 <sup>(a)</sup> | 05/01/34 | 304069 |
| Steel Valley School District GO Bonds Series 2024 (BAM) (AA/Aa3)<sup>(a)</sup> | Steel Valley School District GO Bonds Series 2024 (BAM) (AA/Aa3)<sup>(a)</sup> | Steel Valley School District GO Bonds Series 2024 (BAM) (AA/Aa3)<sup>(a)</sup> | Steel Valley School District GO Bonds Series 2024 (BAM) (AA/Aa3)<sup>(a)</sup> |
| 850000 | 5.000 | 11/01/37 | 945165 |
| 1695000 | 5.000 | 11/01/38 | 1880505 |
| 650000 | 5.000 | 11/01/39 | 715640 |
| 840000 | 5.000 | 11/01/40 | 912530 |
| 885000 | 5.000 | 11/01/41 | 949387 |
| Wayne County PA Hospital & Health Facilities Authority Revenue Bonds (Memorial Hospital Project) Series A (CNTY-GTD) (A/NR) | Wayne County PA Hospital & Health Facilities Authority Revenue Bonds (Memorial Hospital Project) Series A (CNTY-GTD) (A/NR) | Wayne County PA Hospital & Health Facilities Authority Revenue Bonds (Memorial Hospital Project) Series A (CNTY-GTD) (A/NR) | Wayne County PA Hospital & Health Facilities Authority Revenue Bonds (Memorial Hospital Project) Series A (CNTY-GTD) (A/NR) |
| 520000 | 4.000 | 07/01/27 | 530200 |
| 400000 | 5.000 <sup>(a)</sup> | 07/01/28 | 412484 |
| 500000 | 4.000 <sup>(a)</sup> | 07/01/33 | 504643 |
| York PA GO Bonds (Refunding) Series A (NR/NR) | York PA GO Bonds (Refunding) Series A (NR/NR) | York PA GO Bonds (Refunding) Series A (NR/NR) | York PA GO Bonds (Refunding) Series A (NR/NR) |
| 640000 | 5.000 | 11/15/26 | 646730 |
|  |  |  | 32741149 |
| **Rhode Island – 2.2%** | **Rhode Island – 2.2%** | **Rhode Island – 2.2%** | **Rhode Island – 2.2%** |
| Rhode Island Health & Educational Building Corp. Revenue Bonds Series G (BAM) (AA/Aa3)<sup>(a)</sup> | Rhode Island Health & Educational Building Corp. Revenue Bonds Series G (BAM) (AA/Aa3)<sup>(a)</sup> | Rhode Island Health & Educational Building Corp. Revenue Bonds Series G (BAM) (AA/Aa3)<sup>(a)</sup> | Rhode Island Health & Educational Building Corp. Revenue Bonds Series G (BAM) (AA/Aa3)<sup>(a)</sup> |
| 1350000 | 5.250 | 05/15/40 | 1514769 |
| Rhode Island Providence Public Building Authority Revenue Bonds (Capital Improvement Program) Series A (AG) (AA/A1)<sup>(a)</sup> | Rhode Island Providence Public Building Authority Revenue Bonds (Capital Improvement Program) Series A (AG) (AA/A1)<sup>(a)</sup> | Rhode Island Providence Public Building Authority Revenue Bonds (Capital Improvement Program) Series A (AG) (AA/A1)<sup>(a)</sup> | Rhode Island Providence Public Building Authority Revenue Bonds (Capital Improvement Program) Series A (AG) (AA/A1)<sup>(a)</sup> |
| 1100000 | 5.250 | 09/15/40 | 1236760 |
| Rhode Island State & Providence Plantations Lease Certificates of Participation (Eleanor Slater Hospital Project) Series B<br>(AA-/Aa3)<sup>(a)</sup> | Rhode Island State & Providence Plantations Lease Certificates of Participation (Eleanor Slater Hospital Project) Series B<br>(AA-/Aa3)<sup>(a)</sup> | Rhode Island State & Providence Plantations Lease Certificates of Participation (Eleanor Slater Hospital Project) Series B<br>(AA-/Aa3)<sup>(a)</sup> | Rhode Island State & Providence Plantations Lease Certificates of Participation (Eleanor Slater Hospital Project) Series B<br>(AA-/Aa3)<sup>(a)</sup> |
| 760000 | 4.000 | 11/01/32 | 785702 |
| Rhode Island State Housing and Mortgage Finance Corp Revenue Bonds Series 2022 (AA+/Aa1)<sup>(a)</sup> | Rhode Island State Housing and Mortgage Finance Corp Revenue Bonds Series 2022 (AA+/Aa1)<sup>(a)</sup> | Rhode Island State Housing and Mortgage Finance Corp Revenue Bonds Series 2022 (AA+/Aa1)<sup>(a)</sup> | Rhode Island State Housing and Mortgage Finance Corp Revenue Bonds Series 2022 (AA+/Aa1)<sup>(a)</sup> |
| 2025000 | 2.100 | 04/01/32 | 1867511 |
| Rhode Island Student Loan Authority Revenue Bonds Series 2024 B (AMT) (AA/NR) | Rhode Island Student Loan Authority Revenue Bonds Series 2024 B (AMT) (AA/NR) | Rhode Island Student Loan Authority Revenue Bonds Series 2024 B (AMT) (AA/NR) | Rhode Island Student Loan Authority Revenue Bonds Series 2024 B (AMT) (AA/NR) |
| 750000 | 5.000 | 12/01/31 | 811503 |
| 500000 | 5.000 | 12/01/32 | 541937 |
| 750000 | 5.000 | 12/01/33 | 815313 |
|  |  |  | 7573495 |
| **South Carolina – 1.8%** | **South Carolina – 1.8%** | **South Carolina – 1.8%** | **South Carolina – 1.8%** |
| Florence County School District No. 3 Revenue Bonds Series 2025 (NR/A3) | Florence County School District No. 3 Revenue Bonds Series 2025 (NR/A3) | Florence County School District No. 3 Revenue Bonds Series 2025 (NR/A3) | Florence County School District No. 3 Revenue Bonds Series 2025 (NR/A3) |
| 500000 | 5.000 | 12/01/32 | 565846 |
| 565000 | 5.000 | 12/01/33 | 645957 |
| 590000 | 5.000 | 12/01/34 | 677254 |
| 620000 | 5.000 <sup>(a)</sup> | 12/01/35 | 705145 |
| 1300000 | 5.000 <sup>(a)</sup> | 12/01/36 | 1459671 |
| South Carolina Jobs-Economic Development Authority Revenue Bonds (Wofford College Project) Series 2024 (A-/NR)<sup>(a)</sup> | South Carolina Jobs-Economic Development Authority Revenue Bonds (Wofford College Project) Series 2024 (A-/NR)<sup>(a)</sup> | South Carolina Jobs-Economic Development Authority Revenue Bonds (Wofford College Project) Series 2024 (A-/NR)<sup>(a)</sup> | South Carolina Jobs-Economic Development Authority Revenue Bonds (Wofford College Project) Series 2024 (A-/NR)<sup>(a)</sup> |
| 2000000 | 5.000 | 04/01/34 | 2282566 |
|  |  |  | 6336439 |
| **South Dakota<sup>(a)</sup> – 1.2%** | **South Dakota<sup>(a)</sup> – 1.2%** | **South Dakota<sup>(a)</sup> – 1.2%** | **South Dakota<sup>(a)</sup> – 1.2%** |
| County of Clay SD G0 Bonds Series 2023 (NR/Aa3) | County of Clay SD G0 Bonds Series 2023 (NR/Aa3) | County of Clay SD G0 Bonds Series 2023 (NR/Aa3) | County of Clay SD G0 Bonds Series 2023 (NR/Aa3) |
| 1000000 | 5.000 | 12/01/38 | 1098238 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** |
| **South Dakota<sup>(a)</sup> – (continued)** | **South Dakota<sup>(a)</sup> – (continued)** | **South Dakota<sup>(a)</sup> – (continued)** | **South Dakota<sup>(a)</sup> – (continued)** |
| Mitchell School SD District No. 17-2 GO Bonds Series 2024 (AA+/NR) | Mitchell School SD District No. 17-2 GO Bonds Series 2024 (AA+/NR) | Mitchell School SD District No. 17-2 GO Bonds Series 2024 (AA+/NR) | Mitchell School SD District No. 17-2 GO Bonds Series 2024 (AA+/NR) |
| $1745000 | 5.000% | 08/01/38 | $1959193 |
| South Dakota Health & Educational Facilities Authority Revenue Bonds Series 2026 (NR/A1) | South Dakota Health & Educational Facilities Authority Revenue Bonds Series 2026 (NR/A1) | South Dakota Health & Educational Facilities Authority Revenue Bonds Series 2026 (NR/A1) | South Dakota Health & Educational Facilities Authority Revenue Bonds Series 2026 (NR/A1) |
| 665000 | 5.000 | 09/01/41 | 731419 |
| 400000 | 5.000 | 09/01/42 | 434595 |
|  |  |  | 4223445 |
| **Tennessee – 0.9%** | **Tennessee – 0.9%** | **Tennessee – 0.9%** | **Tennessee – 0.9%** |
| Chattanooga Health Educational & Housing Facility Board Revenue Bonds Series 2024 (A/NR)<sup>(a)</sup> | Chattanooga Health Educational & Housing Facility Board Revenue Bonds Series 2024 (A/NR)<sup>(a)</sup> | Chattanooga Health Educational & Housing Facility Board Revenue Bonds Series 2024 (A/NR)<sup>(a)</sup> | Chattanooga Health Educational & Housing Facility Board Revenue Bonds Series 2024 (A/NR)<sup>(a)</sup> |
| 500000 | 5.250 | 12/01/40 | 554681 |
| 800000 | 5.250 | 12/01/41 | 883666 |
| Greeneville TN Health & Educational Facilities Board Hospital Revenue Bonds (Refunding-Ballad Health Obligated Group) Series A (A-/A3) | Greeneville TN Health & Educational Facilities Board Hospital Revenue Bonds (Refunding-Ballad Health Obligated Group) Series A (A-/A3) | Greeneville TN Health & Educational Facilities Board Hospital Revenue Bonds (Refunding-Ballad Health Obligated Group) Series A (A-/A3) | Greeneville TN Health & Educational Facilities Board Hospital Revenue Bonds (Refunding-Ballad Health Obligated Group) Series A (A-/A3) |
| 500000 | 5.000 | 07/01/28 | 527303 |
| 600000 | 5.000 <sup>(a)</sup> | 07/01/29 | 632434 |
| 500000 | 5.000 <sup>(a)</sup> | 07/01/30 | 526818 |
| Tennessee Housing Development Agency Revenue Bonds Residential Financing Program Series 1C (Non-AMT-Non ACE-Issue) (AA+/Aa1)<sup>(a)</sup> | Tennessee Housing Development Agency Revenue Bonds Residential Financing Program Series 1C (Non-AMT-Non ACE-Issue) (AA+/Aa1)<sup>(a)</sup> | Tennessee Housing Development Agency Revenue Bonds Residential Financing Program Series 1C (Non-AMT-Non ACE-Issue) (AA+/Aa1)<sup>(a)</sup> | Tennessee Housing Development Agency Revenue Bonds Residential Financing Program Series 1C (Non-AMT-Non ACE-Issue) (AA+/Aa1)<sup>(a)</sup> |
| 125000 | 4.050 | 01/01/38 | 125025 |
|  |  |  | 3249927 |
| **Texas – 11.6%** | **Texas – 11.6%** | **Texas – 11.6%** | **Texas – 11.6%** |
| Arlington Higher Education Finance Corp. Revenue Bonds (Trinity Basin Preparatory, Inc.) Series 2023 (PSF-GTD) (AAA/NR)<sup>(a)</sup> | Arlington Higher Education Finance Corp. Revenue Bonds (Trinity Basin Preparatory, Inc.) Series 2023 (PSF-GTD) (AAA/NR)<sup>(a)</sup> | Arlington Higher Education Finance Corp. Revenue Bonds (Trinity Basin Preparatory, Inc.) Series 2023 (PSF-GTD) (AAA/NR)<sup>(a)</sup> | Arlington Higher Education Finance Corp. Revenue Bonds (Trinity Basin Preparatory, Inc.) Series 2023 (PSF-GTD) (AAA/NR)<sup>(a)</sup> |
| 1200000 | 5.000 | 08/15/39 | 1329004 |
| 1000000 | 5.000 | 08/15/40 | 1099647 |
| Arlington TX Higher Education Finance Corp. Revenue Bonds (Uplift Education) Series B (PSF-GTD) (AAA/NR)<sup>(a)</sup> | Arlington TX Higher Education Finance Corp. Revenue Bonds (Uplift Education) Series B (PSF-GTD) (AAA/NR)<sup>(a)</sup> | Arlington TX Higher Education Finance Corp. Revenue Bonds (Uplift Education) Series B (PSF-GTD) (AAA/NR)<sup>(a)</sup> | Arlington TX Higher Education Finance Corp. Revenue Bonds (Uplift Education) Series B (PSF-GTD) (AAA/NR)<sup>(a)</sup> |
| 485000 | 4.000 | 12/01/32 | 491477 |
| Arlington TX Higher Education Finance Corp. Revenue Bonds Series A (PSF-GTD) (AAA/NR)<sup>(a)</sup> | Arlington TX Higher Education Finance Corp. Revenue Bonds Series A (PSF-GTD) (AAA/NR)<sup>(a)</sup> | Arlington TX Higher Education Finance Corp. Revenue Bonds Series A (PSF-GTD) (AAA/NR)<sup>(a)</sup> | Arlington TX Higher Education Finance Corp. Revenue Bonds Series A (PSF-GTD) (AAA/NR)<sup>(a)</sup> |
| 1000000 | 4.000 | 08/15/35 | 1041671 |
| City of Atlanta Department of Aviation Revenue Bonds Series 2022 (A+/A1) | City of Atlanta Department of Aviation Revenue Bonds Series 2022 (A+/A1) | City of Atlanta Department of Aviation Revenue Bonds Series 2022 (A+/A1) | City of Atlanta Department of Aviation Revenue Bonds Series 2022 (A+/A1) |
| 1250000 | 5.000 | 11/15/32 | 1405749 |
| City of Brownsville TX Utilities System Revenue Bonds (Refunding) Series 2022 (BAM) (AA/NR)<sup>(a)</sup> | City of Brownsville TX Utilities System Revenue Bonds (Refunding) Series 2022 (BAM) (AA/NR)<sup>(a)</sup> | City of Brownsville TX Utilities System Revenue Bonds (Refunding) Series 2022 (BAM) (AA/NR)<sup>(a)</sup> | City of Brownsville TX Utilities System Revenue Bonds (Refunding) Series 2022 (BAM) (AA/NR)<sup>(a)</sup> |
| 500000 | 5.000 | 09/01/42 | 529400 |
| City of Houston TX Airport System Revenue Bonds (Refunding) Series A (AMT) (A+/NR)<sup>(a)</sup> | City of Houston TX Airport System Revenue Bonds (Refunding) Series A (AMT) (A+/NR)<sup>(a)</sup> | City of Houston TX Airport System Revenue Bonds (Refunding) Series A (AMT) (A+/NR)<sup>(a)</sup> | City of Houston TX Airport System Revenue Bonds (Refunding) Series A (AMT) (A+/NR)<sup>(a)</sup> |
| 500000 | 5.250 | 07/01/36 | 578043 |
| 500000 | 5.250 | 07/01/37 | 572857 |
| 500000 | 5.250 | 07/01/38 | 568502 |
| City of Houston TX Airport System Revenue Bonds Series 2021 (NR/A1) | City of Houston TX Airport System Revenue Bonds Series 2021 (NR/A1) | City of Houston TX Airport System Revenue Bonds Series 2021 (NR/A1) | City of Houston TX Airport System Revenue Bonds Series 2021 (NR/A1) |
| 1000000 | 5.000 | 07/01/29 | 1072650 |
| 900000 | 5.000 | 07/01/30 | 981003 |
| 1200000 | 5.000 | 07/01/31 | 1326144 |
| City of Houston TX GO Bonds Series 2025 (AA/NR)<sup>(a)</sup> | City of Houston TX GO Bonds Series 2025 (AA/NR)<sup>(a)</sup> | City of Houston TX GO Bonds Series 2025 (AA/NR)<sup>(a)</sup> | City of Houston TX GO Bonds Series 2025 (AA/NR)<sup>(a)</sup> |
| 1025000 | 5.000 | 07/01/35 | 1184900 |
| City of Weslaco TX GO Bonds Series 2025 (BAM) (AA/NR)<sup>(a)</sup> | City of Weslaco TX GO Bonds Series 2025 (BAM) (AA/NR)<sup>(a)</sup> | City of Weslaco TX GO Bonds Series 2025 (BAM) (AA/NR)<sup>(a)</sup> | City of Weslaco TX GO Bonds Series 2025 (BAM) (AA/NR)<sup>(a)</sup> |
| 675000 | 5.000 | 02/15/37 | 775631 |
| 670000 | 5.000 | 02/15/38 | 756411 |
| 670000 | 5.000 | 02/15/39 | 748368 |
| Clifton TX Higher Education Finance Corp. Revenue Bonds (Refunding International Leadership Of Texas, Inc.) Series 2024 A (NR/Aaa)<sup>(a)</sup> | Clifton TX Higher Education Finance Corp. Revenue Bonds (Refunding International Leadership Of Texas, Inc.) Series 2024 A (NR/Aaa)<sup>(a)</sup> | Clifton TX Higher Education Finance Corp. Revenue Bonds (Refunding International Leadership Of Texas, Inc.) Series 2024 A (NR/Aaa)<sup>(a)</sup> | Clifton TX Higher Education Finance Corp. Revenue Bonds (Refunding International Leadership Of Texas, Inc.) Series 2024 A (NR/Aaa)<sup>(a)</sup> |
| 1175000 | 5.000 | 08/15/34 | 1327844 |

---

------

THE NATIONAL TAX-FREE INTERMEDIATE BOND FUND

*January 31, 2026 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** |
| **Texas – (continued)** | **Texas – (continued)** | **Texas – (continued)** | **Texas – (continued)** |
| Clifton TX Higher Education Finance Corp. Revenue Bonds (Refunding International Leadership Of Texas, Inc.) Series 2024 A (NR/Aaa)<sup>(a)</sup> (continued) | Clifton TX Higher Education Finance Corp. Revenue Bonds (Refunding International Leadership Of Texas, Inc.) Series 2024 A (NR/Aaa)<sup>(a)</sup> (continued) | Clifton TX Higher Education Finance Corp. Revenue Bonds (Refunding International Leadership Of Texas, Inc.) Series 2024 A (NR/Aaa)<sup>(a)</sup> (continued) | Clifton TX Higher Education Finance Corp. Revenue Bonds (Refunding International Leadership Of Texas, Inc.) Series 2024 A (NR/Aaa)<sup>(a)</sup> (continued) |
| $860000 | 5.000% | 08/15/35 | $961232 |
| 975000 | 5.000 | 08/15/36 | 1078466 |
| Collin County TX Municipal Utility District No. 2 GO Bonds Series 2024 (BAM) (AA/Baa1)<sup>(a)</sup> | Collin County TX Municipal Utility District No. 2 GO Bonds Series 2024 (BAM) (AA/Baa1)<sup>(a)</sup> | Collin County TX Municipal Utility District No. 2 GO Bonds Series 2024 (BAM) (AA/Baa1)<sup>(a)</sup> | Collin County TX Municipal Utility District No. 2 GO Bonds Series 2024 (BAM) (AA/Baa1)<sup>(a)</sup> |
| 1675000 | 4.000 | 09/01/35 | 1730972 |
| County of Hidalgo TX GO Bonds Series 2025 (AA-/Aa2)<sup>(a)</sup> | County of Hidalgo TX GO Bonds Series 2025 (AA-/Aa2)<sup>(a)</sup> | County of Hidalgo TX GO Bonds Series 2025 (AA-/Aa2)<sup>(a)</sup> | County of Hidalgo TX GO Bonds Series 2025 (AA-/Aa2)<sup>(a)</sup> |
| 1085000 | 5.000 | 08/15/38 | 1244501 |
| Dallas Fort Worth International Airport Revenue Bonds Refunding Series 2023 B (AA-/A1)<sup>(a)</sup> | Dallas Fort Worth International Airport Revenue Bonds Refunding Series 2023 B (AA-/A1)<sup>(a)</sup> | Dallas Fort Worth International Airport Revenue Bonds Refunding Series 2023 B (AA-/A1)<sup>(a)</sup> | Dallas Fort Worth International Airport Revenue Bonds Refunding Series 2023 B (AA-/A1)<sup>(a)</sup> |
| 1000000 | 5.000 | 11/01/39 | 1112925 |
| Dallas Fort Worth International Airport Revenue Bonds Series A-1 (AMT) (AA-/A1)<sup>(a)</sup> | Dallas Fort Worth International Airport Revenue Bonds Series A-1 (AMT) (AA-/A1)<sup>(a)</sup> | Dallas Fort Worth International Airport Revenue Bonds Series A-1 (AMT) (AA-/A1)<sup>(a)</sup> | Dallas Fort Worth International Airport Revenue Bonds Series A-1 (AMT) (AA-/A1)<sup>(a)</sup> |
| 3750000 | 5.250 | 11/01/38 | 4238707 |
| Dallas Metrocare Services Revenue Bonds Series 2025 (NR/Aa3) | Dallas Metrocare Services Revenue Bonds Series 2025 (NR/Aa3) | Dallas Metrocare Services Revenue Bonds Series 2025 (NR/Aa3) | Dallas Metrocare Services Revenue Bonds Series 2025 (NR/Aa3) |
| 500000 | 5.000 | 11/01/34 | 580718 |
| 500000 | 5.000 | 11/01/35 | 583008 |
| 525000 | 5.000 <sup>(a)</sup> | 11/01/36 | 598446 |
| 590000 | 5.000 <sup>(a)</sup> | 11/01/38 | 661680 |
| Greenville TX Electric System Revenue Bonds Series 2022 (BAM) (AA/NR)<sup>(a)</sup> | Greenville TX Electric System Revenue Bonds Series 2022 (BAM) (AA/NR)<sup>(a)</sup> | Greenville TX Electric System Revenue Bonds Series 2022 (BAM) (AA/NR)<sup>(a)</sup> | Greenville TX Electric System Revenue Bonds Series 2022 (BAM) (AA/NR)<sup>(a)</sup> |
| 1000000 | 5.000 | 02/15/47 | 1030905 |
| Harris County Municipal Utility District No 105 GO Bonds (Refunding) Series 2022 (BAM) (AA/NR)<sup>(a)</sup> | Harris County Municipal Utility District No 105 GO Bonds (Refunding) Series 2022 (BAM) (AA/NR)<sup>(a)</sup> | Harris County Municipal Utility District No 105 GO Bonds (Refunding) Series 2022 (BAM) (AA/NR)<sup>(a)</sup> | Harris County Municipal Utility District No 105 GO Bonds (Refunding) Series 2022 (BAM) (AA/NR)<sup>(a)</sup> |
| 970000 | 4.000 | 03/01/33 | 1024144 |
| Harrisburg Redevelopment Authority Tax Allocation Series 2025 (AG) (AA/A1)<sup>(a)</sup> | Harrisburg Redevelopment Authority Tax Allocation Series 2025 (AG) (AA/A1)<sup>(a)</sup> | Harrisburg Redevelopment Authority Tax Allocation Series 2025 (AG) (AA/A1)<sup>(a)</sup> | Harrisburg Redevelopment Authority Tax Allocation Series 2025 (AG) (AA/A1)<sup>(a)</sup> |
| 500000 | 5.000 | 09/01/35 | 568352 |
| Laredo TX GO Bonds Series 2022 (AA/Aa2)<sup>(a)</sup> | Laredo TX GO Bonds Series 2022 (AA/Aa2)<sup>(a)</sup> | Laredo TX GO Bonds Series 2022 (AA/Aa2)<sup>(a)</sup> | Laredo TX GO Bonds Series 2022 (AA/Aa2)<sup>(a)</sup> |
| 1740000 | 5.000 | 02/15/40 | 1902141 |
| North Texas Higher Education Authority, Inc. Revenue Bonds Series A (AMT) (AA/NR) | North Texas Higher Education Authority, Inc. Revenue Bonds Series A (AMT) (AA/NR) | North Texas Higher Education Authority, Inc. Revenue Bonds Series A (AMT) (AA/NR) | North Texas Higher Education Authority, Inc. Revenue Bonds Series A (AMT) (AA/NR) |
| 1000000 | 5.000 | 06/01/33 | 1079946 |
| Northampton Municipal Utility District GO Bonds Series 2025 (BAM) (AA/A2)<sup>(a)</sup> | Northampton Municipal Utility District GO Bonds Series 2025 (BAM) (AA/A2)<sup>(a)</sup> | Northampton Municipal Utility District GO Bonds Series 2025 (BAM) (AA/A2)<sup>(a)</sup> | Northampton Municipal Utility District GO Bonds Series 2025 (BAM) (AA/A2)<sup>(a)</sup> |
| 535000 | 5.000 | 03/01/33 | 575347 |
| 565000 | 5.000 | 03/01/34 | 606320 |
| 595000 | 4.000 | 03/01/35 | 609436 |
| 625000 | 4.000 | 03/01/36 | 634495 |
| 655000 | 4.000 | 03/01/37 | 661671 |
| Port Freeport TX Revenue Bonds Series 2024 (AMT) (A/NR) | Port Freeport TX Revenue Bonds Series 2024 (AMT) (A/NR) | Port Freeport TX Revenue Bonds Series 2024 (AMT) (A/NR) | Port Freeport TX Revenue Bonds Series 2024 (AMT) (A/NR) |
| 1550000 | 6.000 | 06/01/34 | 1793914 |
| 1655000 | 4.000 <sup>(a)</sup> | 06/01/35 | 1708823 |
|  |  |  | 40775450 |
| **Utah<sup>(a)</sup> – 0.2%** | **Utah<sup>(a)</sup> – 0.2%** | **Utah<sup>(a)</sup> – 0.2%** | **Utah<sup>(a)</sup> – 0.2%** |
| Salt Lake City UT Airport Revenue Bonds Series B (A+/A1) | Salt Lake City UT Airport Revenue Bonds Series B (A+/A1) | Salt Lake City UT Airport Revenue Bonds Series B (A+/A1) | Salt Lake City UT Airport Revenue Bonds Series B (A+/A1) |
| 500000 | 5.000 | 07/01/34 | 515365 |
| **Vermont – 0.7%** | **Vermont – 0.7%** | **Vermont – 0.7%** | **Vermont – 0.7%** |
| Vermont State Student Assistance Corp. Education Loan Revenue Bonds Series A (A/NR) | Vermont State Student Assistance Corp. Education Loan Revenue Bonds Series A (A/NR) | Vermont State Student Assistance Corp. Education Loan Revenue Bonds Series A (A/NR) | Vermont State Student Assistance Corp. Education Loan Revenue Bonds Series A (A/NR) |
| 780000 | 5.000 | 06/15/27 | 796875 |
| Vermont State Student Assistance Corp. Education Loan Revenue Bonds Series A (AAA/NR) | Vermont State Student Assistance Corp. Education Loan Revenue Bonds Series A (AAA/NR) | Vermont State Student Assistance Corp. Education Loan Revenue Bonds Series A (AAA/NR) | Vermont State Student Assistance Corp. Education Loan Revenue Bonds Series A (AAA/NR) |
| 400000 | 5.000 | 06/15/26 | 402680 |
| Vermont Student Assistance Corp. Revenue Bonds Series 2021 (A/NR) | Vermont Student Assistance Corp. Revenue Bonds Series 2021 (A/NR) | Vermont Student Assistance Corp. Revenue Bonds Series 2021 (A/NR) | Vermont Student Assistance Corp. Revenue Bonds Series 2021 (A/NR) |
| 400000 | 5.000 | 06/15/29 | 419357 |
| 455000 | 5.000 | 06/15/30 | 485360 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** |
| **Vermont – (continued)** | **Vermont – (continued)** | **Vermont – (continued)** | **Vermont – (continued)** |
| Vermont Student Assistance Corp. Revenue Bonds Series 2021 (A/NR) (continued) | Vermont Student Assistance Corp. Revenue Bonds Series 2021 (A/NR) (continued) | Vermont Student Assistance Corp. Revenue Bonds Series 2021 (A/NR) (continued) | Vermont Student Assistance Corp. Revenue Bonds Series 2021 (A/NR) (continued) |
| $475000 | 5.000% | 06/15/31 | $512105 |
| 2616377 | 2616377 | 2616377 | 2616377 |
| **Virginia<sup>(a)</sup> – 1.0%** | **Virginia<sup>(a)</sup> – 1.0%** | **Virginia<sup>(a)</sup> – 1.0%** | **Virginia<sup>(a)</sup> – 1.0%** |
| Isle of Wight County Economic Development Authority Revenue Bonds (Riverside Health System) Series 2023 (AG) (AA/NR) | Isle of Wight County Economic Development Authority Revenue Bonds (Riverside Health System) Series 2023 (AG) (AA/NR) | Isle of Wight County Economic Development Authority Revenue Bonds (Riverside Health System) Series 2023 (AG) (AA/NR) | Isle of Wight County Economic Development Authority Revenue Bonds (Riverside Health System) Series 2023 (AG) (AA/NR) |
| 1000000 | 5.250 | 07/01/43 | 1090705 |
| Virginia Housing Development Authority Revenue Bonds Series 2023 F (AA+/Aa1) | Virginia Housing Development Authority Revenue Bonds Series 2023 F (AA+/Aa1) | Virginia Housing Development Authority Revenue Bonds Series 2023 F (AA+/Aa1) | Virginia Housing Development Authority Revenue Bonds Series 2023 F (AA+/Aa1) |
| 2500000 | 5.150 | 11/01/48 | 2553249 |
|  |  |  | 3643954 |
| **Washington<sup>(a)</sup> – 0.8%** | **Washington<sup>(a)</sup> – 0.8%** | **Washington<sup>(a)</sup> – 0.8%** | **Washington<sup>(a)</sup> – 0.8%** |
| Port of Seattle WA Special Facilities Revenue Bonds (Refunding) Series 2013 (A+/A1) | Port of Seattle WA Special Facilities Revenue Bonds (Refunding) Series 2013 (A+/A1) | Port of Seattle WA Special Facilities Revenue Bonds (Refunding) Series 2013 (A+/A1) | Port of Seattle WA Special Facilities Revenue Bonds (Refunding) Series 2013 (A+/A1) |
| 900000 | 3.600 | 06/01/26 | 900295 |
| Port of Seattle WA Special Facilities Revenue Bonds Series 2017 (AA-/Aa3) | Port of Seattle WA Special Facilities Revenue Bonds Series 2017 (AA-/Aa3) | Port of Seattle WA Special Facilities Revenue Bonds Series 2017 (AA-/Aa3) | Port of Seattle WA Special Facilities Revenue Bonds Series 2017 (AA-/Aa3) |
| 1500000 | 5.000 | 05/01/37 | 1528656 |
| Washington State Health Care Facilities Authority Revenue Bonds (Refunding-Providence St. Joseph Health) Series B (A/A3) | Washington State Health Care Facilities Authority Revenue Bonds (Refunding-Providence St. Joseph Health) Series B (A/A3) | Washington State Health Care Facilities Authority Revenue Bonds (Refunding-Providence St. Joseph Health) Series B (A/A3) | Washington State Health Care Facilities Authority Revenue Bonds (Refunding-Providence St. Joseph Health) Series B (A/A3) |
| 150000 | 5.000 | 10/01/30 | 159413 |
| Washington State Housing Finance Commission Revenue Bonds (Refunding-Non-AMT-Single Family Program) Series 1N (NR/Aaa) | Washington State Housing Finance Commission Revenue Bonds (Refunding-Non-AMT-Single Family Program) Series 1N (NR/Aaa) | Washington State Housing Finance Commission Revenue Bonds (Refunding-Non-AMT-Single Family Program) Series 1N (NR/Aaa) | Washington State Housing Finance Commission Revenue Bonds (Refunding-Non-AMT-Single Family Program) Series 1N (NR/Aaa) |
| 275000 | 3.450 | 12/01/30 | 275085 |
|  |  |  | 2863449 |
| **Wisconsin – 4.6%** | **Wisconsin – 4.6%** | **Wisconsin – 4.6%** | **Wisconsin – 4.6%** |
| City of Milwaukee WI GO Bonds (Refunding) Series 2022 (AG) (AA/NR)<sup>(a)</sup> | City of Milwaukee WI GO Bonds (Refunding) Series 2022 (AG) (AA/NR)<sup>(a)</sup> | City of Milwaukee WI GO Bonds (Refunding) Series 2022 (AG) (AA/NR)<sup>(a)</sup> | City of Milwaukee WI GO Bonds (Refunding) Series 2022 (AG) (AA/NR)<sup>(a)</sup> |
| 2000000 | 5.000 | 04/01/35 | 2230423 |
| City of Milwaukee WI GO Bonds Series 2020 (BAM) (AA/NR)<sup>(a)</sup> | City of Milwaukee WI GO Bonds Series 2020 (BAM) (AA/NR)<sup>(a)</sup> | City of Milwaukee WI GO Bonds Series 2020 (BAM) (AA/NR)<sup>(a)</sup> | City of Milwaukee WI GO Bonds Series 2020 (BAM) (AA/NR)<sup>(a)</sup> |
| 2580000 | 4.000 | 04/01/35 | 2670449 |
| County of Milwaukee WI Airport Revenue Bonds Series A (AMT) (NR/A1) | County of Milwaukee WI Airport Revenue Bonds Series A (AMT) (NR/A1) | County of Milwaukee WI Airport Revenue Bonds Series A (AMT) (NR/A1) | County of Milwaukee WI Airport Revenue Bonds Series A (AMT) (NR/A1) |
| 1010000 | 5.000 | 12/01/31 | 1123266 |
| 935000 | 5.000 | 12/01/32 | 1050726 |
| 1010000 | 5.000 | 12/01/33 | 1145649 |
| 1010000 | 5.000 | 12/01/34 | 1151820 |
| 700000 | 5.000 <sup>(a)</sup> | 12/01/35 | 793253 |
| 500000 | 5.000 <sup>(a)</sup> | 12/01/36 | 561412 |
| Racine Unifield School District GO Bond (Refunding) Series 2025 (AG) (AA/Aa3)<sup>(a)</sup> | Racine Unifield School District GO Bond (Refunding) Series 2025 (AG) (AA/Aa3)<sup>(a)</sup> | Racine Unifield School District GO Bond (Refunding) Series 2025 (AG) (AA/Aa3)<sup>(a)</sup> | Racine Unifield School District GO Bond (Refunding) Series 2025 (AG) (AA/Aa3)<sup>(a)</sup> |
| 1275000 | 5.000 | 04/01/39 | 1413354 |
| 900000 | 5.000 | 04/01/40 | 992611 |
| Tomorrow River School District GO Bonds Series 2022 (BAM) (AA/NR)<sup>(a)</sup> | Tomorrow River School District GO Bonds Series 2022 (BAM) (AA/NR)<sup>(a)</sup> | Tomorrow River School District GO Bonds Series 2022 (BAM) (AA/NR)<sup>(a)</sup> | Tomorrow River School District GO Bonds Series 2022 (BAM) (AA/NR)<sup>(a)</sup> |
| 1910000 | 4.000 | 03/15/41 | 1953417 |
| Wisconsin Public Finance Authority Revenue Bonds (Taxable Refunding Hawaii Pacific Health Obligated Group) Series A (NR/A1)<sup>(a)</sup> | Wisconsin Public Finance Authority Revenue Bonds (Taxable Refunding Hawaii Pacific Health Obligated Group) Series A (NR/A1)<sup>(a)</sup> | Wisconsin Public Finance Authority Revenue Bonds (Taxable Refunding Hawaii Pacific Health Obligated Group) Series A (NR/A1)<sup>(a)</sup> | Wisconsin Public Finance Authority Revenue Bonds (Taxable Refunding Hawaii Pacific Health Obligated Group) Series A (NR/A1)<sup>(a)</sup> |
| 1170000 | 4.082 | 07/01/29 | 1171592 |
|  |  |  | 16257972 |
| **TOTAL MUNICIPAL BOND OBLIGATIONS<br>(Cost $347,709,247)** | **TOTAL MUNICIPAL BOND OBLIGATIONS<br>(Cost $347,709,247)** | **TOTAL MUNICIPAL BOND OBLIGATIONS<br>(Cost $347,709,247)** | $349229119 |

---

------

THE NATIONAL TAX-FREE INTERMEDIATE BOND FUND

*January 31, 2026 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Dividend**<br> **Rate** | **Value** |
| **Investment Company – 2.5%** | **Investment Company – 2.5%** | **Investment Company – 2.5%** |
| State Street Institutional US Government Money Market Fund - Premier Class | State Street Institutional US Government Money Market Fund - Premier Class | State Street Institutional US Government Money Market Fund - Premier Class |
| 8913215 | 3.650% | $8913215 |
| **(Cost $8,913,215)** | **(Cost $8,913,215)** | **(Cost $8,913,215)** |
| **TOTAL INVESTMENTS – 101.4%<br>(Cost $356,622,462)** | **TOTAL INVESTMENTS – 101.4%<br>(Cost $356,622,462)** | $358142334 |
| **LIABILITIES IN EXCESS OF**<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**OTHER ASSETS – (1.4)%** | **LIABILITIES IN EXCESS OF**<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**OTHER ASSETS – (1.4)%** | (5091855) |
| **NET ASSETS – 100.0%** | **NET ASSETS – 100.0%** | $353050479 |

---

---

| | |
|:---|:---|
| The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets. | The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets. |
| (a) | Security with "Call" features with resetting interest rates. |
| (b) | Variable rate security. The interest rate shown reflects the rate as of January 31, 2026. |
| (c) | Rate shown is that which is in effect on January 31, 2026. 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. |
| (d) | Prerefunded security. Maturity date disclosed is prerefunding date. |

---

 <br> Security ratings disclosed, if any, are issued by Standard & Poor's Ratings Services/Moody's Investors Service and are unaudited. A description of the ratings is available in the Fund's Statement of Additional Information.

---

| | |
|:---|:---|
| **Investment Abbreviations:** | **Investment Abbreviations:** |
| AMT | —Alternative Minimum Tax |
| FHLMC | —Federal Home Loan Mortgage Corp. |
| FNMA | —Federal National Mortgage Association |
| GNMA | —Government National Mortgage Association |
| GO | —General Obligation |
| NR | —Not Rated |
| PSF-GTD | —Guaranteed by Permanent School Fund |
| Q-SBLF | —Qualified School Bond Loan Fund |
| WR | —Withdrawn Rating |

---

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

------

THE MISSOURI TAX-FREE INTERMEDIATE BOND FUND

## Schedule of Investments
*January 31, 2026 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Municipal Bond Obligations – 98.4%** | **Municipal Bond Obligations – 98.4%** | **Municipal Bond Obligations – 98.4%** | **Municipal Bond Obligations – 98.4%** |
| **Alabama<sup>(a)</sup> – 0.9%** | **Alabama<sup>(a)</sup> – 0.9%** | **Alabama<sup>(a)</sup> – 0.9%** | **Alabama<sup>(a)</sup> – 0.9%** |
| Special Care Facilities Financing Authority of the City of Pell City Alabama Revenue Bonds (Refunding - Noland Health Services Inc.) Series 2021 (A/NR) | Special Care Facilities Financing Authority of the City of Pell City Alabama Revenue Bonds (Refunding - Noland Health Services Inc.) Series 2021 (A/NR) | Special Care Facilities Financing Authority of the City of Pell City Alabama Revenue Bonds (Refunding - Noland Health Services Inc.) Series 2021 (A/NR) | Special Care Facilities Financing Authority of the City of Pell City Alabama Revenue Bonds (Refunding - Noland Health Services Inc.) Series 2021 (A/NR) |
| $2000000 | 5.000% | 12/01/31 | $2199225 |
| **Arizona<sup>(a)</sup> – 1.1%** | **Arizona<sup>(a)</sup> – 1.1%** | **Arizona<sup>(a)</sup> – 1.1%** | **Arizona<sup>(a)</sup> – 1.1%** |
| Arizona Industrial Development Authority Revenue Bonds Series 2022 (A+/NR) | Arizona Industrial Development Authority Revenue Bonds Series 2022 (A+/NR) | Arizona Industrial Development Authority Revenue Bonds Series 2022 (A+/NR) | Arizona Industrial Development Authority Revenue Bonds Series 2022 (A+/NR) |
| 2680000 | 4.000 | 11/01/40 | 2612527 |
| **Illinois<sup>(a)</sup> – 0.4%** | **Illinois<sup>(a)</sup> – 0.4%** | **Illinois<sup>(a)</sup> – 0.4%** | **Illinois<sup>(a)</sup> – 0.4%** |
| Woodford Lasalle Livingston Etc. Counties IL Community Unit School District GO Bonds Series A (BAM) (AA/NR) | Woodford Lasalle Livingston Etc. Counties IL Community Unit School District GO Bonds Series A (BAM) (AA/NR) | Woodford Lasalle Livingston Etc. Counties IL Community Unit School District GO Bonds Series A (BAM) (AA/NR) | Woodford Lasalle Livingston Etc. Counties IL Community Unit School District GO Bonds Series A (BAM) (AA/NR) |
| 500000 | 4.000 | 12/01/34 | 515551 |
| 500000 | 4.000 | 12/01/35 | 513778 |
|  |  |  | 1029329 |
| **Indiana<sup>(a)</sup> – 0.9%** | **Indiana<sup>(a)</sup> – 0.9%** | **Indiana<sup>(a)</sup> – 0.9%** | **Indiana<sup>(a)</sup> – 0.9%** |
| Shelbyville Redevelopment Authority Revenue Bonds Series 2021 (AA-/NR) | Shelbyville Redevelopment Authority Revenue Bonds Series 2021 (AA-/NR) | Shelbyville Redevelopment Authority Revenue Bonds Series 2021 (AA-/NR) | Shelbyville Redevelopment Authority Revenue Bonds Series 2021 (AA-/NR) |
| 500000 | 3.000 | 08/01/33 | 493904 |
| Whitestown Redevelopment Authority (Lease Rental Multipurpose Refunding Revenue)- Series 2021 (AA+/NR) | Whitestown Redevelopment Authority (Lease Rental Multipurpose Refunding Revenue)- Series 2021 (AA+/NR) | Whitestown Redevelopment Authority (Lease Rental Multipurpose Refunding Revenue)- Series 2021 (AA+/NR) | Whitestown Redevelopment Authority (Lease Rental Multipurpose Refunding Revenue)- Series 2021 (AA+/NR) |
| 1575000 | 3.000 | 08/01/32 | 1596871 |
|  |  |  | 2090775 |
| **Missouri – 94.4%** | **Missouri – 94.4%** | **Missouri – 94.4%** | **Missouri – 94.4%** |
| Andrew County Reorganized School District No. 3 Certificates of Participation Series 2023 (BAM) (AA/NR)<sup>(a)</sup> | Andrew County Reorganized School District No. 3 Certificates of Participation Series 2023 (BAM) (AA/NR)<sup>(a)</sup> | Andrew County Reorganized School District No. 3 Certificates of Participation Series 2023 (BAM) (AA/NR)<sup>(a)</sup> | Andrew County Reorganized School District No. 3 Certificates of Participation Series 2023 (BAM) (AA/NR)<sup>(a)</sup> |
| 2000000 | 4.000 | 04/15/43 | 1995169 |
| Arnold MO Certificates of Participation (Refunding) Series 2019 (A+/NR)<sup>(a)</sup> | Arnold MO Certificates of Participation (Refunding) Series 2019 (A+/NR)<sup>(a)</sup> | Arnold MO Certificates of Participation (Refunding) Series 2019 (A+/NR)<sup>(a)</sup> | Arnold MO Certificates of Participation (Refunding) Series 2019 (A+/NR)<sup>(a)</sup> |
| 760000 | 4.000 | 08/15/28 | 772371 |
| 825000 | 4.000 | 08/15/30 | 837932 |
| 555000 | 4.000 | 08/15/31 | 563193 |
| Boone County MO R-1 Reorganized School District GO Bonds (Direct Deposit Program) Series R (AA+/NR)<sup>(a)</sup> | Boone County MO R-1 Reorganized School District GO Bonds (Direct Deposit Program) Series R (AA+/NR)<sup>(a)</sup> | Boone County MO R-1 Reorganized School District GO Bonds (Direct Deposit Program) Series R (AA+/NR)<sup>(a)</sup> | Boone County MO R-1 Reorganized School District GO Bonds (Direct Deposit Program) Series R (AA+/NR)<sup>(a)</sup> |
| 750000 | 4.000 | 03/01/41 | 763291 |
| Brentwood MO Certificates of Participation Series 2018 (AA-/NR)<sup>(a)</sup> | Brentwood MO Certificates of Participation Series 2018 (AA-/NR)<sup>(a)</sup> | Brentwood MO Certificates of Participation Series 2018 (AA-/NR)<sup>(a)</sup> | Brentwood MO Certificates of Participation Series 2018 (AA-/NR)<sup>(a)</sup> |
| 1655000 | 4.000 | 10/01/34 | 1663178 |
| Brentwood Public Library Certificates of Participation Series 2024 (A+/NR)<sup>(a)</sup> | Brentwood Public Library Certificates of Participation Series 2024 (A+/NR)<sup>(a)</sup> | Brentwood Public Library Certificates of Participation Series 2024 (A+/NR)<sup>(a)</sup> | Brentwood Public Library Certificates of Participation Series 2024 (A+/NR)<sup>(a)</sup> |
| 1305000 | 5.500 | 04/01/38 | 1458915 |
| Cape Girardeau County MO Reorganized School District No. R-2 GO Bonds (Kearney Direct Deposit Program) Series 2018 (AA+/NR)<sup>(a)</sup> | Cape Girardeau County MO Reorganized School District No. R-2 GO Bonds (Kearney Direct Deposit Program) Series 2018 (AA+/NR)<sup>(a)</sup> | Cape Girardeau County MO Reorganized School District No. R-2 GO Bonds (Kearney Direct Deposit Program) Series 2018 (AA+/NR)<sup>(a)</sup> | Cape Girardeau County MO Reorganized School District No. R-2 GO Bonds (Kearney Direct Deposit Program) Series 2018 (AA+/NR)<sup>(a)</sup> |
| 750000 | 4.000 | 03/01/37 | 762094 |
| City of Blue Springs MO GO Bonds Series 2025 (AA/NR)<sup>(a)</sup> | City of Blue Springs MO GO Bonds Series 2025 (AA/NR)<sup>(a)</sup> | City of Blue Springs MO GO Bonds Series 2025 (AA/NR)<sup>(a)</sup> | City of Blue Springs MO GO Bonds Series 2025 (AA/NR)<sup>(a)</sup> |
| 750000 | 5.000 | 03/01/37 | 864634 |
| 1500000 | 5.000 | 03/01/38 | 1720572 |
| 1000000 | 5.000 | 03/01/39 | 1140266 |
| 1000000 | 5.000 | 03/01/40 | 1122537 |
| City of Brentwood MO Certificates of Participation Series 2019 (AA-/NR)<sup>(a)</sup> | City of Brentwood MO Certificates of Participation Series 2019 (AA-/NR)<sup>(a)</sup> | City of Brentwood MO Certificates of Participation Series 2019 (AA-/NR)<sup>(a)</sup> | City of Brentwood MO Certificates of Participation Series 2019 (AA-/NR)<sup>(a)</sup> |
| 1415000 | 4.000 | 10/01/36 | 1420491 |
| City of Carthage MO Certificates of Participation Series 2022 (A+/NR)<sup>(a)</sup> | City of Carthage MO Certificates of Participation Series 2022 (A+/NR)<sup>(a)</sup> | City of Carthage MO Certificates of Participation Series 2022 (A+/NR)<sup>(a)</sup> | City of Carthage MO Certificates of Participation Series 2022 (A+/NR)<sup>(a)</sup> |
| 1145000 | 5.000 | 05/01/37 | 1216947 |
| City of Florissant MO Certificates of Participation (Refunding) Series 2021 (NR/WR)<sup>(a)</sup> | City of Florissant MO Certificates of Participation (Refunding) Series 2021 (NR/WR)<sup>(a)</sup> | City of Florissant MO Certificates of Participation (Refunding) Series 2021 (NR/WR)<sup>(a)</sup> | City of Florissant MO Certificates of Participation (Refunding) Series 2021 (NR/WR)<sup>(a)</sup> |
| 505000 | 3.000 | 10/01/30 | 509351 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** |
| **Missouri – (continued)** | **Missouri – (continued)** | **Missouri – (continued)** | **Missouri – (continued)** |
| City of Florissant MO Certificates of Participation (Refunding) Series 2021 (NR/WR)<sup>(a)</sup> (continued) | City of Florissant MO Certificates of Participation (Refunding) Series 2021 (NR/WR)<sup>(a)</sup> (continued) | City of Florissant MO Certificates of Participation (Refunding) Series 2021 (NR/WR)<sup>(a)</sup> (continued) | City of Florissant MO Certificates of Participation (Refunding) Series 2021 (NR/WR)<sup>(a)</sup> (continued) |
| $570000 | 3.000% | 10/01/34 | $565419 |
| City of Jennings MO Certificates of Participation Series 2021 (NR/NR)<sup>(a)</sup> | City of Jennings MO Certificates of Participation Series 2021 (NR/NR)<sup>(a)</sup> | City of Jennings MO Certificates of Participation Series 2021 (NR/NR)<sup>(a)</sup> | City of Jennings MO Certificates of Participation Series 2021 (NR/NR)<sup>(a)</sup> |
| 1095000 | 4.000 | 03/01/31 | 1084509 |
| 1230000 | 4.000 | 03/01/34 | 1192765 |
| 750000 | 4.000 | 03/01/37 | 698267 |
| 530000 | 4.000 | 03/01/40 | 461417 |
| City of Kansas City MO Special Obligation Revenue Bonds Series 2021 (AA-/A1)<sup>(a)</sup> | City of Kansas City MO Special Obligation Revenue Bonds Series 2021 (AA-/A1)<sup>(a)</sup> | City of Kansas City MO Special Obligation Revenue Bonds Series 2021 (AA-/A1)<sup>(a)</sup> | City of Kansas City MO Special Obligation Revenue Bonds Series 2021 (AA-/A1)<sup>(a)</sup> |
| 1000000 | 5.000 | 04/01/35 | 1109528 |
| 760000 | 5.000 | 04/01/36 | 837273 |
| 1435000 | 5.000 | 04/01/37 | 1573456 |
| City of Kansas City MO Special Obligation Revenue Bonds Series 2024 (AA-/A1)<sup>(a)</sup> | City of Kansas City MO Special Obligation Revenue Bonds Series 2024 (AA-/A1)<sup>(a)</sup> | City of Kansas City MO Special Obligation Revenue Bonds Series 2024 (AA-/A1)<sup>(a)</sup> | City of Kansas City MO Special Obligation Revenue Bonds Series 2024 (AA-/A1)<sup>(a)</sup> |
| 1500000 | 5.000 | 04/01/35 | 1749784 |
| City of Republic MO Revenue Bonds Series 2022 (A+/NR)<sup>(a)</sup> | City of Republic MO Revenue Bonds Series 2022 (A+/NR)<sup>(a)</sup> | City of Republic MO Revenue Bonds Series 2022 (A+/NR)<sup>(a)</sup> | City of Republic MO Revenue Bonds Series 2022 (A+/NR)<sup>(a)</sup> |
| 920000 | 4.000 | 05/01/34 | 958183 |
| 640000 | 4.000 | 05/01/35 | 663748 |
| 685000 | 4.000 | 05/01/36 | 707242 |
| Clay Jackson & Platte County Consolidated Public Library District No. 3 Certificates of Participation (Refunding Library Project) Series 2025 (NR/Aa3) | Clay Jackson & Platte County Consolidated Public Library District No. 3 Certificates of Participation (Refunding Library Project) Series 2025 (NR/Aa3) | Clay Jackson & Platte County Consolidated Public Library District No. 3 Certificates of Participation (Refunding Library Project) Series 2025 (NR/Aa3) | Clay Jackson & Platte County Consolidated Public Library District No. 3 Certificates of Participation (Refunding Library Project) Series 2025 (NR/Aa3) |
| 1000000 | 5.000 | 03/01/34 | 1153626 |
| 750000 | 5.000 <sup>(a)</sup> | 03/01/35 | 859188 |
| 950000 | 5.000 <sup>(a)</sup> | 03/01/36 | 1077061 |
| 700000 | 5.000 <sup>(a)</sup> | 03/01/37 | 785942 |
| Clinton School District MO GO Bonds (Refunding) Series 2024 A (AA+/NR)<sup>(a)</sup> | Clinton School District MO GO Bonds (Refunding) Series 2024 A (AA+/NR)<sup>(a)</sup> | Clinton School District MO GO Bonds (Refunding) Series 2024 A (AA+/NR)<sup>(a)</sup> | Clinton School District MO GO Bonds (Refunding) Series 2024 A (AA+/NR)<sup>(a)</sup> |
| 1860000 | 5.000 | 03/01/41 | 2041593 |
| Columbia MO Water & Electric Revenue Bonds (Refunding & Improvement System) Series 2015 (A+/NR)<sup>(a)</sup> | Columbia MO Water & Electric Revenue Bonds (Refunding & Improvement System) Series 2015 (A+/NR)<sup>(a)</sup> | Columbia MO Water & Electric Revenue Bonds (Refunding & Improvement System) Series 2015 (A+/NR)<sup>(a)</sup> | Columbia MO Water & Electric Revenue Bonds (Refunding & Improvement System) Series 2015 (A+/NR)<sup>(a)</sup> |
| 500000 | 4.000 | 10/01/42 | 500011 |
| County of Barry MO Certificate of Participation Series 2023 (NR/A3) | County of Barry MO Certificate of Participation Series 2023 (NR/A3) | County of Barry MO Certificate of Participation Series 2023 (NR/A3) | County of Barry MO Certificate of Participation Series 2023 (NR/A3) |
| 640000 | 5.000 | 10/01/29 | 676625 |
| 670000 | 5.000 | 10/01/30 | 714739 |
| 705000 | 5.000 | 10/01/31 | 756091 |
| 740000 | 5.000 <sup>(a)</sup> | 10/01/32 | 800460 |
| County of St. Charles MO Special Obligation Revenue Bonds Series 2024 (AA/NR)<sup>(a)</sup> | County of St. Charles MO Special Obligation Revenue Bonds Series 2024 (AA/NR)<sup>(a)</sup> | County of St. Charles MO Special Obligation Revenue Bonds Series 2024 (AA/NR)<sup>(a)</sup> | County of St. Charles MO Special Obligation Revenue Bonds Series 2024 (AA/NR)<sup>(a)</sup> |
| 1945000 | 4.000 | 04/01/38 | 2028919 |
| Fenton MO Fire Protection District GO Bonds Series 2019 (AA+/NR)<sup>(a)</sup> | Fenton MO Fire Protection District GO Bonds Series 2019 (AA+/NR)<sup>(a)</sup> | Fenton MO Fire Protection District GO Bonds Series 2019 (AA+/NR)<sup>(a)</sup> | Fenton MO Fire Protection District GO Bonds Series 2019 (AA+/NR)<sup>(a)</sup> |
| 625000 | 4.000 | 03/01/34 | 631459 |
| Fort Zumwalt School District GO Bonds (Refunding) Series 2024 (AA+/NR)<sup>(a)</sup> | Fort Zumwalt School District GO Bonds (Refunding) Series 2024 (AA+/NR)<sup>(a)</sup> | Fort Zumwalt School District GO Bonds (Refunding) Series 2024 (AA+/NR)<sup>(a)</sup> | Fort Zumwalt School District GO Bonds (Refunding) Series 2024 (AA+/NR)<sup>(a)</sup> |
| 1425000 | 5.250 | 03/01/34 | 1641310 |
| 1115000 | 5.250 | 03/01/35 | 1275404 |
| Great Rivers Greenway Metropolitan Park & Recreation District (Gateway Arch Project) Series A (A+/NR)<sup>(a)</sup> | Great Rivers Greenway Metropolitan Park & Recreation District (Gateway Arch Project) Series A (A+/NR)<sup>(a)</sup> | Great Rivers Greenway Metropolitan Park & Recreation District (Gateway Arch Project) Series A (A+/NR)<sup>(a)</sup> | Great Rivers Greenway Metropolitan Park & Recreation District (Gateway Arch Project) Series A (A+/NR)<sup>(a)</sup> |
| 715000 | 4.000 | 12/30/32 | 759908 |
| Greene County MO Certificates of Participation Series 2018 (NR/Aa2)<sup>(a)</sup> | Greene County MO Certificates of Participation Series 2018 (NR/Aa2)<sup>(a)</sup> | Greene County MO Certificates of Participation Series 2018 (NR/Aa2)<sup>(a)</sup> | Greene County MO Certificates of Participation Series 2018 (NR/Aa2)<sup>(a)</sup> |
| 1130000 | 5.000 | 09/01/36 | 1183180 |
| 1000000 | 5.000 | 09/01/37 | 1044223 |
| Greene County MO Reorganized School District No. R-2 GO Bonds Series 2018 (Liberty School Building Direct Deposit Program) (AA+/NR)<sup>(a)</sup> | Greene County MO Reorganized School District No. R-2 GO Bonds Series 2018 (Liberty School Building Direct Deposit Program) (AA+/NR)<sup>(a)</sup> | Greene County MO Reorganized School District No. R-2 GO Bonds Series 2018 (Liberty School Building Direct Deposit Program) (AA+/NR)<sup>(a)</sup> | Greene County MO Reorganized School District No. R-2 GO Bonds Series 2018 (Liberty School Building Direct Deposit Program) (AA+/NR)<sup>(a)</sup> |
| 875000 | 5.000 | 03/01/38 | 891696 |

---

------

THE MISSOURI TAX-FREE INTERMEDIATE BOND FUND

## Schedule of Investments (continued)
*January 31, 2026 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** |
| **Missouri – (continued)** | **Missouri – (continued)** | **Missouri – (continued)** | **Missouri – (continued)** |
| Hannibal MO Industrial Development Authority Revenue Bonds (Hannibal Regional Hospital Healthcare System, Inc.) Series 2017 (BBB-/NR)<sup>(a)</sup> | Hannibal MO Industrial Development Authority Revenue Bonds (Hannibal Regional Hospital Healthcare System, Inc.) Series 2017 (BBB-/NR)<sup>(a)</sup> | Hannibal MO Industrial Development Authority Revenue Bonds (Hannibal Regional Hospital Healthcare System, Inc.) Series 2017 (BBB-/NR)<sup>(a)</sup> | Hannibal MO Industrial Development Authority Revenue Bonds (Hannibal Regional Hospital Healthcare System, Inc.) Series 2017 (BBB-/NR)<sup>(a)</sup> |
| $3225000 | 5.000% | 10/01/37 | $3234318 |
| Hazelwood School District GO Bonds (Refunding) Series 2023 (BAM) (AA/NR)<sup>(a)</sup> | Hazelwood School District GO Bonds (Refunding) Series 2023 (BAM) (AA/NR)<sup>(a)</sup> | Hazelwood School District GO Bonds (Refunding) Series 2023 (BAM) (AA/NR)<sup>(a)</sup> | Hazelwood School District GO Bonds (Refunding) Series 2023 (BAM) (AA/NR)<sup>(a)</sup> |
| 750000 | 5.000 | 03/01/42 | 799525 |
| Health & Educational Facilities Authority of the State of Missouri Health Facilities Revenue Bonds (BJC Health System) Series 2021 A (AA/Aa2)<sup>(a)</sup> | Health & Educational Facilities Authority of the State of Missouri Health Facilities Revenue Bonds (BJC Health System) Series 2021 A (AA/Aa2)<sup>(a)</sup> | Health & Educational Facilities Authority of the State of Missouri Health Facilities Revenue Bonds (BJC Health System) Series 2021 A (AA/Aa2)<sup>(a)</sup> | Health & Educational Facilities Authority of the State of Missouri Health Facilities Revenue Bonds (BJC Health System) Series 2021 A (AA/Aa2)<sup>(a)</sup> |
| 2500000 | 4.000 | 07/01/39 | 2547684 |
| Health & Educational Facilities Authority of the State of Missouri Health Facilities Revenue Bonds (BJC Health System) Series 2025 A (AA/Aa2) | Health & Educational Facilities Authority of the State of Missouri Health Facilities Revenue Bonds (BJC Health System) Series 2025 A (AA/Aa2) | Health & Educational Facilities Authority of the State of Missouri Health Facilities Revenue Bonds (BJC Health System) Series 2025 A (AA/Aa2) | Health & Educational Facilities Authority of the State of Missouri Health Facilities Revenue Bonds (BJC Health System) Series 2025 A (AA/Aa2) |
| 1040000 | 5.000 | 04/01/38 | 1226848 |
| Health & Educational Facilities Authority of the State of Missouri Health Facilities Revenue Bonds (Mercy Health) Series A<br>(A+/A1)<sup>(a)</sup> | Health & Educational Facilities Authority of the State of Missouri Health Facilities Revenue Bonds (Mercy Health) Series A<br>(A+/A1)<sup>(a)</sup> | Health & Educational Facilities Authority of the State of Missouri Health Facilities Revenue Bonds (Mercy Health) Series A<br>(A+/A1)<sup>(a)</sup> | Health & Educational Facilities Authority of the State of Missouri Health Facilities Revenue Bonds (Mercy Health) Series A<br>(A+/A1)<sup>(a)</sup> |
| 500000 | 5.500 | 12/01/41 | 561704 |
| Health & Educational Facilities Authority of the State of Missouri Health Facilities Revenue Bonds (SSM Health) Series A<br>(A+/WR)<sup>(a)</sup> | Health & Educational Facilities Authority of the State of Missouri Health Facilities Revenue Bonds (SSM Health) Series A<br>(A+/WR)<sup>(a)</sup> | Health & Educational Facilities Authority of the State of Missouri Health Facilities Revenue Bonds (SSM Health) Series A<br>(A+/WR)<sup>(a)</sup> | Health & Educational Facilities Authority of the State of Missouri Health Facilities Revenue Bonds (SSM Health) Series A<br>(A+/WR)<sup>(a)</sup> |
| 500000 | 5.000 | 06/01/34 | 561450 |
| Health & Educational Facilities Authority Of The State Of Missouri Revenue Bonds (Mercy Health) Series 2014 F<br>(A+/A1)<sup>(a)</sup> | Health & Educational Facilities Authority Of The State Of Missouri Revenue Bonds (Mercy Health) Series 2014 F<br>(A+/A1)<sup>(a)</sup> | Health & Educational Facilities Authority Of The State Of Missouri Revenue Bonds (Mercy Health) Series 2014 F<br>(A+/A1)<sup>(a)</sup> | Health & Educational Facilities Authority Of The State Of Missouri Revenue Bonds (Mercy Health) Series 2014 F<br>(A+/A1)<sup>(a)</sup> |
| 6000000 | 5.000 | 11/15/45 | 6002320 |
| Health & Educational Facilities Authority of the State of Missouri Revenue Bonds (Refunding) Series 2021 (BBB+/NR)<sup>(a)</sup> | Health & Educational Facilities Authority of the State of Missouri Revenue Bonds (Refunding) Series 2021 (BBB+/NR)<sup>(a)</sup> | Health & Educational Facilities Authority of the State of Missouri Revenue Bonds (Refunding) Series 2021 (BBB+/NR)<sup>(a)</sup> | Health & Educational Facilities Authority of the State of Missouri Revenue Bonds (Refunding) Series 2021 (BBB+/NR)<sup>(a)</sup> |
| 350000 | 4.000 | 02/15/34 | 347770 |
| 400000 | 4.000 | 02/15/35 | 395647 |
| 580000 | 4.000 | 02/15/36 | 568729 |
| 700000 | 4.000 | 02/15/37 | 680799 |
| Health & Educational Facilities Authority of the State of Missouri Revenue Bonds (Refunding-COX Health Obligated Group) Series 2025 B (NR/A2) | Health & Educational Facilities Authority of the State of Missouri Revenue Bonds (Refunding-COX Health Obligated Group) Series 2025 B (NR/A2) | Health & Educational Facilities Authority of the State of Missouri Revenue Bonds (Refunding-COX Health Obligated Group) Series 2025 B (NR/A2) | Health & Educational Facilities Authority of the State of Missouri Revenue Bonds (Refunding-COX Health Obligated Group) Series 2025 B (NR/A2) |
| 2850000 | 5.000 | 11/15/32 | 3216320 |
| 2225000 | 5.000 | 11/15/33 | 2527760 |
| Independence MO School District GO Bonds (Direct Deposit Program) Series 2021 (AA+/NR)<sup>(a)</sup> | Independence MO School District GO Bonds (Direct Deposit Program) Series 2021 (AA+/NR)<sup>(a)</sup> | Independence MO School District GO Bonds (Direct Deposit Program) Series 2021 (AA+/NR)<sup>(a)</sup> | Independence MO School District GO Bonds (Direct Deposit Program) Series 2021 (AA+/NR)<sup>(a)</sup> |
| 1470000 | 3.250 | 03/01/38 | 1458791 |
| Independence MO School District Lease Certificates of Participation (Refunding) Series 2016 (A+/NR)<sup>(a)</sup> | Independence MO School District Lease Certificates of Participation (Refunding) Series 2016 (A+/NR)<sup>(a)</sup> | Independence MO School District Lease Certificates of Participation (Refunding) Series 2016 (A+/NR)<sup>(a)</sup> | Independence MO School District Lease Certificates of Participation (Refunding) Series 2016 (A+/NR)<sup>(a)</sup> |
| 960000 | 3.000 | 04/01/26 | 960257 |
| Jackson County MO Reorganized School District No. 7 Certificates of Participation Series 2016 (AA-/NR)<sup>(a)</sup> | Jackson County MO Reorganized School District No. 7 Certificates of Participation Series 2016 (AA-/NR)<sup>(a)</sup> | Jackson County MO Reorganized School District No. 7 Certificates of Participation Series 2016 (AA-/NR)<sup>(a)</sup> | Jackson County MO Reorganized School District No. 7 Certificates of Participation Series 2016 (AA-/NR)<sup>(a)</sup> |
| 700000 | 4.000 | 05/01/27 | 702488 |
| 630000 | 4.000 | 05/01/29 | 632383 |
| Jackson County MO Reorganized School District No.4 Blue Springs GO Bonds (Direct Deposit Program) Series A<br>(AA+/NR)<sup>(a)</sup> | Jackson County MO Reorganized School District No.4 Blue Springs GO Bonds (Direct Deposit Program) Series A<br>(AA+/NR)<sup>(a)</sup> | Jackson County MO Reorganized School District No.4 Blue Springs GO Bonds (Direct Deposit Program) Series A<br>(AA+/NR)<sup>(a)</sup> | Jackson County MO Reorganized School District No.4 Blue Springs GO Bonds (Direct Deposit Program) Series A<br>(AA+/NR)<sup>(a)</sup> |
| 1000000 | 5.500 | 03/01/35 | 1080958 |
| 1000000 | 5.500 | 03/01/36 | 1076206 |
| Jackson County MO School District Hickman Mills C-1 Certificates of Participation (Energy Conservation Project) Series 2015 (BBB+/NR)<sup>(a)</sup> | Jackson County MO School District Hickman Mills C-1 Certificates of Participation (Energy Conservation Project) Series 2015 (BBB+/NR)<sup>(a)</sup> | Jackson County MO School District Hickman Mills C-1 Certificates of Participation (Energy Conservation Project) Series 2015 (BBB+/NR)<sup>(a)</sup> | Jackson County MO School District Hickman Mills C-1 Certificates of Participation (Energy Conservation Project) Series 2015 (BBB+/NR)<sup>(a)</sup> |
| 475000 | 3.000 | 04/15/28 | 471744 |
| 575000 | 3.250 | 04/15/30 | 572603 |
| 550000 | 3.300 | 04/15/31 | 545595 |
| 700000 | 3.375 | 04/15/32 | 690161 |
| Jackson County MO School District Hickman Mills C-1 GO Bonds (Refunding) Series 2020 (AA+/NR) | Jackson County MO School District Hickman Mills C-1 GO Bonds (Refunding) Series 2020 (AA+/NR) | Jackson County MO School District Hickman Mills C-1 GO Bonds (Refunding) Series 2020 (AA+/NR) | Jackson County MO School District Hickman Mills C-1 GO Bonds (Refunding) Series 2020 (AA+/NR) |
| 100000 | 3.000 | 03/01/27 | 100498 |
| 165000 | 4.000 <sup>(a)</sup> | 03/01/31 | 170219 |
| 180000 | 4.000 <sup>(a)</sup> | 03/01/32 | 185261 |
| 200000 | 4.000 <sup>(a)</sup> | 03/01/33 | 205314 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** |
| **Missouri – (continued)** | **Missouri – (continued)** | **Missouri – (continued)** | **Missouri – (continued)** |
| Jefferson City MO School District Certificate of Participation Series 2021 (A+/NR)<sup>(a)</sup> | Jefferson City MO School District Certificate of Participation Series 2021 (A+/NR)<sup>(a)</sup> | Jefferson City MO School District Certificate of Participation Series 2021 (A+/NR)<sup>(a)</sup> | Jefferson City MO School District Certificate of Participation Series 2021 (A+/NR)<sup>(a)</sup> |
| $1220000 | 4.000% | 04/01/35 | $1255892 |
| Jefferson City MO School District GO Bonds (Direct Deposit Program) Series 2017 (AA+/NR)<sup>(a)</sup> | Jefferson City MO School District GO Bonds (Direct Deposit Program) Series 2017 (AA+/NR)<sup>(a)</sup> | Jefferson City MO School District GO Bonds (Direct Deposit Program) Series 2017 (AA+/NR)<sup>(a)</sup> | Jefferson City MO School District GO Bonds (Direct Deposit Program) Series 2017 (AA+/NR)<sup>(a)</sup> |
| 15000 | 4.000 | 03/01/30 | 15017 |
| Jefferson City MO School District GO Bonds (Direct Deposit Program) Series 2025 (AA+/NR)<sup>(a)</sup> | Jefferson City MO School District GO Bonds (Direct Deposit Program) Series 2025 (AA+/NR)<sup>(a)</sup> | Jefferson City MO School District GO Bonds (Direct Deposit Program) Series 2025 (AA+/NR)<sup>(a)</sup> | Jefferson City MO School District GO Bonds (Direct Deposit Program) Series 2025 (AA+/NR)<sup>(a)</sup> |
| 1000000 | 5.500 | 03/01/44 | 1096632 |
| Jefferson County MO Industrial Development Authority Revenue Bonds (Riverview Bend Apartments) Series 2024 (FNMA) (NR/Aa1) | Jefferson County MO Industrial Development Authority Revenue Bonds (Riverview Bend Apartments) Series 2024 (FNMA) (NR/Aa1) | Jefferson County MO Industrial Development Authority Revenue Bonds (Riverview Bend Apartments) Series 2024 (FNMA) (NR/Aa1) | Jefferson County MO Industrial Development Authority Revenue Bonds (Riverview Bend Apartments) Series 2024 (FNMA) (NR/Aa1) |
| 2191000 | 4.450 | 02/01/43 | 2220180 |
| Jefferson County School District No R-1 Northwest GO Bonds Series 2025 (AA+/NR)<sup>(a)</sup> | Jefferson County School District No R-1 Northwest GO Bonds Series 2025 (AA+/NR)<sup>(a)</sup> | Jefferson County School District No R-1 Northwest GO Bonds Series 2025 (AA+/NR)<sup>(a)</sup> | Jefferson County School District No R-1 Northwest GO Bonds Series 2025 (AA+/NR)<sup>(a)</sup> |
| 1185000 | 5.250 | 03/01/44 | 1293592 |
| Jefferson County School District No R-VI Festus Certificate of Participation (Refunding)Series 2021 (A/NR)<sup>(a)</sup> | Jefferson County School District No R-VI Festus Certificate of Participation (Refunding)Series 2021 (A/NR)<sup>(a)</sup> | Jefferson County School District No R-VI Festus Certificate of Participation (Refunding)Series 2021 (A/NR)<sup>(a)</sup> | Jefferson County School District No R-VI Festus Certificate of Participation (Refunding)Series 2021 (A/NR)<sup>(a)</sup> |
| 585000 | 3.000 | 04/01/29 | 588395 |
| 605000 | 3.000 | 04/01/30 | 609395 |
| 420000 | 3.000 | 04/01/31 | 423420 |
| 460000 | 3.000 | 04/01/33 | 460570 |
| Joplin MO Industrial Development Authority Health Facilities Revenue Bonds (Taxable-Refunding-Freeman Health System Project) Series B (A+/NR) | Joplin MO Industrial Development Authority Health Facilities Revenue Bonds (Taxable-Refunding-Freeman Health System Project) Series B (A+/NR) | Joplin MO Industrial Development Authority Health Facilities Revenue Bonds (Taxable-Refunding-Freeman Health System Project) Series B (A+/NR) | Joplin MO Industrial Development Authority Health Facilities Revenue Bonds (Taxable-Refunding-Freeman Health System Project) Series B (A+/NR) |
| 1020000 | 2.558 | 02/15/26 | 1019518 |
| 815000 | 2.844 | 02/15/28 | 797598 |
| 825000 | 2.894 | 02/15/29 | 798024 |
| Joplin MO Schools GO Bonds Buildings - Series 2020 <br>(AA+/NR)<sup>(a)</sup> | Joplin MO Schools GO Bonds Buildings - Series 2020 <br>(AA+/NR)<sup>(a)</sup> | Joplin MO Schools GO Bonds Buildings - Series 2020 <br>(AA+/NR)<sup>(a)</sup> | Joplin MO Schools GO Bonds Buildings - Series 2020 <br>(AA+/NR)<sup>(a)</sup> |
| 1285000 | 3.000 | 03/01/35 | 1275645 |
| Kansas City MO Industrial Development Authority Airport Special Obligation Revenue Bonds (Kansas City International Airport Terminal Modified Project) Series B (A/A2) | Kansas City MO Industrial Development Authority Airport Special Obligation Revenue Bonds (Kansas City International Airport Terminal Modified Project) Series B (A/A2) | Kansas City MO Industrial Development Authority Airport Special Obligation Revenue Bonds (Kansas City International Airport Terminal Modified Project) Series B (A/A2) | Kansas City MO Industrial Development Authority Airport Special Obligation Revenue Bonds (Kansas City International Airport Terminal Modified Project) Series B (A/A2) |
| 2540000 | 5.000 | 03/01/28 | 2653551 |
| 1370000 | 5.000 | 03/01/29 | 1458227 |
| 1000000 | 5.000 <sup>(a)</sup> | 03/01/32 | 1057390 |
| 1275000 | 4.000 <sup>(a)</sup> | 03/01/34 | 1307947 |
| 1000000 | 5.000 <sup>(a)</sup> | 03/01/35 | 1047867 |
| Kansas City MO Industrial Development Authority Revenue Bonds (Refunding & Downtown Redevelopment District) Series A (AA-/A2)<sup>(a)</sup> | Kansas City MO Industrial Development Authority Revenue Bonds (Refunding & Downtown Redevelopment District) Series A (AA-/A2)<sup>(a)</sup> | Kansas City MO Industrial Development Authority Revenue Bonds (Refunding & Downtown Redevelopment District) Series A (AA-/A2)<sup>(a)</sup> | Kansas City MO Industrial Development Authority Revenue Bonds (Refunding & Downtown Redevelopment District) Series A (AA-/A2)<sup>(a)</sup> |
| 2130000 | 5.500 | 09/01/29 | 2139727 |
| Lebanon MO Reorganized School District No. R-3 GO Bonds Series 2024 (AA+/NR)<sup>(a)</sup> | Lebanon MO Reorganized School District No. R-3 GO Bonds Series 2024 (AA+/NR)<sup>(a)</sup> | Lebanon MO Reorganized School District No. R-3 GO Bonds Series 2024 (AA+/NR)<sup>(a)</sup> | Lebanon MO Reorganized School District No. R-3 GO Bonds Series 2024 (AA+/NR)<sup>(a)</sup> |
| 2160000 | 5.000 | 03/01/40 | 2410522 |
| Marion & Ralls Counties MO School District No. 60 Hannibal GO Bonds (Refunding - Missouri Direct Deposit Program) Series 2025 (AA+/NR)<sup>(a)</sup> | Marion & Ralls Counties MO School District No. 60 Hannibal GO Bonds (Refunding - Missouri Direct Deposit Program) Series 2025 (AA+/NR)<sup>(a)</sup> | Marion & Ralls Counties MO School District No. 60 Hannibal GO Bonds (Refunding - Missouri Direct Deposit Program) Series 2025 (AA+/NR)<sup>(a)</sup> | Marion & Ralls Counties MO School District No. 60 Hannibal GO Bonds (Refunding - Missouri Direct Deposit Program) Series 2025 (AA+/NR)<sup>(a)</sup> |
| 575000 | 5.875 | 03/01/37 | 704044 |
| 1000000 | 5.875 | 03/01/38 | 1218401 |
| 400000 | 5.750 | 03/01/41 | 467406 |
| 575000 | 5.750 | 03/01/42 | 663322 |
| Mineral Area MO Community College District GO Bonds Series 2024 (AG) (AA/Aa3)<sup>(a)</sup> | Mineral Area MO Community College District GO Bonds Series 2024 (AG) (AA/Aa3)<sup>(a)</sup> | Mineral Area MO Community College District GO Bonds Series 2024 (AG) (AA/Aa3)<sup>(a)</sup> | Mineral Area MO Community College District GO Bonds Series 2024 (AG) (AA/Aa3)<sup>(a)</sup> |
| 2300000 | 5.000 | 03/01/36 | 2546524 |
| Mineral Area MO Community College District GO Bonds Series 2024 (AG) (AA/Aa3)<sup>(a)</sup> | Mineral Area MO Community College District GO Bonds Series 2024 (AG) (AA/Aa3)<sup>(a)</sup> | Mineral Area MO Community College District GO Bonds Series 2024 (AG) (AA/Aa3)<sup>(a)</sup> | Mineral Area MO Community College District GO Bonds Series 2024 (AG) (AA/Aa3)<sup>(a)</sup> |
| 1940000 | 5.000 | 03/01/34 | 2173645 |
| Missouri Development Finance Board Revenue Bonds (Sant Louis Zoo Projects) Series 2022 (AA-/Aa3)<sup>(a)</sup> | Missouri Development Finance Board Revenue Bonds (Sant Louis Zoo Projects) Series 2022 (AA-/Aa3)<sup>(a)</sup> | Missouri Development Finance Board Revenue Bonds (Sant Louis Zoo Projects) Series 2022 (AA-/Aa3)<sup>(a)</sup> | Missouri Development Finance Board Revenue Bonds (Sant Louis Zoo Projects) Series 2022 (AA-/Aa3)<sup>(a)</sup> |
| 1000000 | 5.250 | 05/01/36 | 1117260 |

---

------

THE MISSOURI TAX-FREE INTERMEDIATE BOND FUND

*January 31, 2026 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** |
| **Missouri – (continued)** | **Missouri – (continued)** | **Missouri – (continued)** | **Missouri – (continued)** |
| Missouri Development Finance Board Revenue Bonds (Sant Louis Zoo Projects) Series 2022 (AA-/Aa3)<sup>(a)</sup> (continued) | Missouri Development Finance Board Revenue Bonds (Sant Louis Zoo Projects) Series 2022 (AA-/Aa3)<sup>(a)</sup> (continued) | Missouri Development Finance Board Revenue Bonds (Sant Louis Zoo Projects) Series 2022 (AA-/Aa3)<sup>(a)</sup> (continued) | Missouri Development Finance Board Revenue Bonds (Sant Louis Zoo Projects) Series 2022 (AA-/Aa3)<sup>(a)</sup> (continued) |
| $1100000 | 5.250% | 05/01/37 | $1217042 |
| Missouri Joint Municipal Electric Utility Commission Revenue Bonds (Dogwood Energy Facility Project) Series 2024 B (BAM) (AA/A3)<sup>(a)</sup> | Missouri Joint Municipal Electric Utility Commission Revenue Bonds (Dogwood Energy Facility Project) Series 2024 B (BAM) (AA/A3)<sup>(a)</sup> | Missouri Joint Municipal Electric Utility Commission Revenue Bonds (Dogwood Energy Facility Project) Series 2024 B (BAM) (AA/A3)<sup>(a)</sup> | Missouri Joint Municipal Electric Utility Commission Revenue Bonds (Dogwood Energy Facility Project) Series 2024 B (BAM) (AA/A3)<sup>(a)</sup> |
| 1775000 | 5.000 | 06/01/36 | 2022332 |
| Missouri Joint Municipal Electric Utility Commission Revenue Bonds (Refunding - Prairie State Project) Series 2025 (NR/A2)<sup>(a)</sup> | Missouri Joint Municipal Electric Utility Commission Revenue Bonds (Refunding - Prairie State Project) Series 2025 (NR/A2)<sup>(a)</sup> | Missouri Joint Municipal Electric Utility Commission Revenue Bonds (Refunding - Prairie State Project) Series 2025 (NR/A2)<sup>(a)</sup> | Missouri Joint Municipal Electric Utility Commission Revenue Bonds (Refunding - Prairie State Project) Series 2025 (NR/A2)<sup>(a)</sup> |
| 1000000 | 5.000 | 12/01/39 | 1131957 |
| Missouri Joint Municipal Electric Utility Commission Revenue Bonds Series 2022 (NR/A2)<sup>(a)</sup> | Missouri Joint Municipal Electric Utility Commission Revenue Bonds Series 2022 (NR/A2)<sup>(a)</sup> | Missouri Joint Municipal Electric Utility Commission Revenue Bonds Series 2022 (NR/A2)<sup>(a)</sup> | Missouri Joint Municipal Electric Utility Commission Revenue Bonds Series 2022 (NR/A2)<sup>(a)</sup> |
| 500000 | 5.250 | 12/01/41 | 551721 |
| 500000 | 5.250 | 12/01/42 | 546299 |
| Missouri MO Development Finance Board Revenue Bond (City of Independence Missouri Events Center Project) (Refunding) Series 2021 (A-/NR) | Missouri MO Development Finance Board Revenue Bond (City of Independence Missouri Events Center Project) (Refunding) Series 2021 (A-/NR) | Missouri MO Development Finance Board Revenue Bond (City of Independence Missouri Events Center Project) (Refunding) Series 2021 (A-/NR) | Missouri MO Development Finance Board Revenue Bond (City of Independence Missouri Events Center Project) (Refunding) Series 2021 (A-/NR) |
| 895000 | 4.000 | 04/01/31 | 933051 |
| 990000 | 4.000 <sup>(a)</sup> | 04/01/32 | 1037657 |
| 1095000 | 4.000 <sup>(a)</sup> | 04/01/33 | 1142438 |
| Missouri Rolling Hills Consolidated Library District Certificates of Participation (Library Project) Series 2024 (NR/A2)<sup>(a)</sup> | Missouri Rolling Hills Consolidated Library District Certificates of Participation (Library Project) Series 2024 (NR/A2)<sup>(a)</sup> | Missouri Rolling Hills Consolidated Library District Certificates of Participation (Library Project) Series 2024 (NR/A2)<sup>(a)</sup> | Missouri Rolling Hills Consolidated Library District Certificates of Participation (Library Project) Series 2024 (NR/A2)<sup>(a)</sup> |
| 1430000 | 4.250 | 05/01/44 | 1390072 |
| 1275000 | 4.500 | 05/01/49 | 1219375 |
| Missouri State Board of Public Buildings Special Obligation Revenue Bonds Series A (AA+/Aa1)<sup>(a)</sup> | Missouri State Board of Public Buildings Special Obligation Revenue Bonds Series A (AA+/Aa1)<sup>(a)</sup> | Missouri State Board of Public Buildings Special Obligation Revenue Bonds Series A (AA+/Aa1)<sup>(a)</sup> | Missouri State Board of Public Buildings Special Obligation Revenue Bonds Series A (AA+/Aa1)<sup>(a)</sup> |
| 635000 | 2.000 | 04/01/27 | 629303 |
| Missouri State Health & Educational Facilities Authority Educational Facilities Revenue Bonds (Kansas City University of Medicine And Biosciences) Series A (NR/A1)<sup>(a)</sup> | Missouri State Health & Educational Facilities Authority Educational Facilities Revenue Bonds (Kansas City University of Medicine And Biosciences) Series A (NR/A1)<sup>(a)</sup> | Missouri State Health & Educational Facilities Authority Educational Facilities Revenue Bonds (Kansas City University of Medicine And Biosciences) Series A (NR/A1)<sup>(a)</sup> | Missouri State Health & Educational Facilities Authority Educational Facilities Revenue Bonds (Kansas City University of Medicine And Biosciences) Series A (NR/A1)<sup>(a)</sup> |
| 1440000 | 4.500 | 06/01/28 | 1441326 |
| Missouri State Health & Educational Facilities Authority Educational Facilities Revenue Bonds (Refunding- Southeast MO State University) Series 2019 (A/NR) | Missouri State Health & Educational Facilities Authority Educational Facilities Revenue Bonds (Refunding- Southeast MO State University) Series 2019 (A/NR) | Missouri State Health & Educational Facilities Authority Educational Facilities Revenue Bonds (Refunding- Southeast MO State University) Series 2019 (A/NR) | Missouri State Health & Educational Facilities Authority Educational Facilities Revenue Bonds (Refunding- Southeast MO State University) Series 2019 (A/NR) |
| 2030000 | 5.000 | 10/01/27 | 2106218 |
| Missouri State Health & Educational Facilities Authority Educational Facilities Revenue Bonds (Refunding-Kansas City Art Institute) Series 2018 (A-/NR)<sup>(a)</sup> | Missouri State Health & Educational Facilities Authority Educational Facilities Revenue Bonds (Refunding-Kansas City Art Institute) Series 2018 (A-/NR)<sup>(a)</sup> | Missouri State Health & Educational Facilities Authority Educational Facilities Revenue Bonds (Refunding-Kansas City Art Institute) Series 2018 (A-/NR)<sup>(a)</sup> | Missouri State Health & Educational Facilities Authority Educational Facilities Revenue Bonds (Refunding-Kansas City Art Institute) Series 2018 (A-/NR)<sup>(a)</sup> |
| 670000 | 5.000 | 09/01/33 | 701633 |
| 800000 | 5.000 | 09/01/38 | 827113 |
| Missouri State Health & Educational Facilities Authority Health Facilities Revenue Bonds (Refunding-St. Anthonys Medical Center) Series B (A+/NR)<sup>(a)</sup> | Missouri State Health & Educational Facilities Authority Health Facilities Revenue Bonds (Refunding-St. Anthonys Medical Center) Series B (A+/NR)<sup>(a)</sup> | Missouri State Health & Educational Facilities Authority Health Facilities Revenue Bonds (Refunding-St. Anthonys Medical Center) Series B (A+/NR)<sup>(a)</sup> | Missouri State Health & Educational Facilities Authority Health Facilities Revenue Bonds (Refunding-St. Anthonys Medical Center) Series B (A+/NR)<sup>(a)</sup> |
| 2000000 | 5.000 | 02/01/45 | 2001928 |
| Missouri State Health & Educational Facilities Authority Revenue Bonds (Kansas City University of Medicine & Biosciences) Series A (NR/A1)<sup>(a)</sup> | Missouri State Health & Educational Facilities Authority Revenue Bonds (Kansas City University of Medicine & Biosciences) Series A (NR/A1)<sup>(a)</sup> | Missouri State Health & Educational Facilities Authority Revenue Bonds (Kansas City University of Medicine & Biosciences) Series A (NR/A1)<sup>(a)</sup> | Missouri State Health & Educational Facilities Authority Revenue Bonds (Kansas City University of Medicine & Biosciences) Series A (NR/A1)<sup>(a)</sup> |
| 950000 | 5.000 | 06/01/34 | 977751 |
| 1100000 | 5.000 | 06/01/37 | 1127041 |
| Missouri State Health & Educational Facilities Authority Revenue Bonds (Refunding-Children's Mercy Hospital) Series 2016 (AA-/NR)<sup>(a)</sup> | Missouri State Health & Educational Facilities Authority Revenue Bonds (Refunding-Children's Mercy Hospital) Series 2016 (AA-/NR)<sup>(a)</sup> | Missouri State Health & Educational Facilities Authority Revenue Bonds (Refunding-Children's Mercy Hospital) Series 2016 (AA-/NR)<sup>(a)</sup> | Missouri State Health & Educational Facilities Authority Revenue Bonds (Refunding-Children's Mercy Hospital) Series 2016 (AA-/NR)<sup>(a)</sup> |
| 1250000 | 4.000 | 05/15/33 | 1252700 |
| 250000 | 4.000 | 05/15/39 | 250168 |
| Missouri State Housing Development Commission Single Family Mortgage Revenue Bonds (First Place Homeownership Loan Program) Series B (FHLMC/FNMA/GNMA) (AA+/NR)<sup>(a)</sup> | Missouri State Housing Development Commission Single Family Mortgage Revenue Bonds (First Place Homeownership Loan Program) Series B (FHLMC/FNMA/GNMA) (AA+/NR)<sup>(a)</sup> | Missouri State Housing Development Commission Single Family Mortgage Revenue Bonds (First Place Homeownership Loan Program) Series B (FHLMC/FNMA/GNMA) (AA+/NR)<sup>(a)</sup> | Missouri State Housing Development Commission Single Family Mortgage Revenue Bonds (First Place Homeownership Loan Program) Series B (FHLMC/FNMA/GNMA) (AA+/NR)<sup>(a)</sup> |
| 330000 | 2.400 | 11/01/30 | 317490 |
| 310000 | 2.500 | 05/01/31 | 298763 |
| 320000 | 2.550 | 11/01/31 | 307906 |
| Missouri State Housing Development Commission Single Family Mortgage Revenue Bonds (First Place Homeownership Loan Program) Series C (FHLMC/FNMA/GNMA) (AA+/NR)<sup>(a)</sup> | Missouri State Housing Development Commission Single Family Mortgage Revenue Bonds (First Place Homeownership Loan Program) Series C (FHLMC/FNMA/GNMA) (AA+/NR)<sup>(a)</sup> | Missouri State Housing Development Commission Single Family Mortgage Revenue Bonds (First Place Homeownership Loan Program) Series C (FHLMC/FNMA/GNMA) (AA+/NR)<sup>(a)</sup> | Missouri State Housing Development Commission Single Family Mortgage Revenue Bonds (First Place Homeownership Loan Program) Series C (FHLMC/FNMA/GNMA) (AA+/NR)<sup>(a)</sup> |
| 2990000 | 4.050 | 11/01/39 | 3005100 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** |
| **Missouri – (continued)** | **Missouri – (continued)** | **Missouri – (continued)** | **Missouri – (continued)** |
| Missouri State Housing Development Commission Single Family Mortgage Revenue Bonds (First Place Homeownership Loan Program) Series G (FHLMC/FNMA/GNMA) (AA+/NR) | Missouri State Housing Development Commission Single Family Mortgage Revenue Bonds (First Place Homeownership Loan Program) Series G (FHLMC/FNMA/GNMA) (AA+/NR) | Missouri State Housing Development Commission Single Family Mortgage Revenue Bonds (First Place Homeownership Loan Program) Series G (FHLMC/FNMA/GNMA) (AA+/NR) | Missouri State Housing Development Commission Single Family Mortgage Revenue Bonds (First Place Homeownership Loan Program) Series G (FHLMC/FNMA/GNMA) (AA+/NR) |
| $865000 | 3.600% | 05/01/32 | $886934 |
| 495000 | 3.750 <sup>(a)</sup> | 05/01/35 | 504171 |
| 495000 | 3.800 <sup>(a)</sup> | 11/01/35 | 502651 |
| 495000 | 3.850 <sup>(a)</sup> | 05/01/36 | 502474 |
| 490000 | 3.900 <sup>(a)</sup> | 11/01/36 | 496357 |
| Missouri State Housing Development Commission Single Family Mortgage Revenue Bonds (Homeownership Loan Program) Series D (FHMLC/FNMA/GNMA) (AA+/NR)<sup>(a)</sup> | Missouri State Housing Development Commission Single Family Mortgage Revenue Bonds (Homeownership Loan Program) Series D (FHMLC/FNMA/GNMA) (AA+/NR)<sup>(a)</sup> | Missouri State Housing Development Commission Single Family Mortgage Revenue Bonds (Homeownership Loan Program) Series D (FHMLC/FNMA/GNMA) (AA+/NR)<sup>(a)</sup> | Missouri State Housing Development Commission Single Family Mortgage Revenue Bonds (Homeownership Loan Program) Series D (FHMLC/FNMA/GNMA) (AA+/NR)<sup>(a)</sup> |
| 245000 | 3.050 | 11/01/28 | 246076 |
| 220000 | 3.150 | 11/01/29 | 221376 |
| 240000 | 3.250 | 11/01/30 | 241079 |
| Missouri State Housing Development Commission Single Family Mortgage Revenue Bonds (Homeownership Loan Program) Series F (FHMLC/FNMA/GNMA) (AA+/NR)<sup>(a)</sup> | Missouri State Housing Development Commission Single Family Mortgage Revenue Bonds (Homeownership Loan Program) Series F (FHMLC/FNMA/GNMA) (AA+/NR)<sup>(a)</sup> | Missouri State Housing Development Commission Single Family Mortgage Revenue Bonds (Homeownership Loan Program) Series F (FHMLC/FNMA/GNMA) (AA+/NR)<sup>(a)</sup> | Missouri State Housing Development Commission Single Family Mortgage Revenue Bonds (Homeownership Loan Program) Series F (FHMLC/FNMA/GNMA) (AA+/NR)<sup>(a)</sup> |
| 1205000 | 4.100 | 11/01/36 | 1237546 |
| Neosho R-V School District GO Bonds (Refunding) Series 2025 (AA+/NR) | Neosho R-V School District GO Bonds (Refunding) Series 2025 (AA+/NR) | Neosho R-V School District GO Bonds (Refunding) Series 2025 (AA+/NR) | Neosho R-V School District GO Bonds (Refunding) Series 2025 (AA+/NR) |
| 2000000 | 4.000 | 03/01/37 | 2100381 |
| Nixa MO Public Schools Certificates of Participation Series 2021 (A/NR)<sup>(a)</sup> | Nixa MO Public Schools Certificates of Participation Series 2021 (A/NR)<sup>(a)</sup> | Nixa MO Public Schools Certificates of Participation Series 2021 (A/NR)<sup>(a)</sup> | Nixa MO Public Schools Certificates of Participation Series 2021 (A/NR)<sup>(a)</sup> |
| 1465000 | 3.000 | 04/01/39 | 1348381 |
| North Jefferson County MO Ambulance District GO Bonds Series 2022 (AG) (AA/NR)<sup>(a)</sup> | North Jefferson County MO Ambulance District GO Bonds Series 2022 (AG) (AA/NR)<sup>(a)</sup> | North Jefferson County MO Ambulance District GO Bonds Series 2022 (AG) (AA/NR)<sup>(a)</sup> | North Jefferson County MO Ambulance District GO Bonds Series 2022 (AG) (AA/NR)<sup>(a)</sup> |
| 650000 | 5.000 | 03/01/40 | 700354 |
| North Kansas City MO School District No. 74 GO Bonds Series 2022 (AA+/Aa1)<sup>(a)</sup> | North Kansas City MO School District No. 74 GO Bonds Series 2022 (AA+/Aa1)<sup>(a)</sup> | North Kansas City MO School District No. 74 GO Bonds Series 2022 (AA+/Aa1)<sup>(a)</sup> | North Kansas City MO School District No. 74 GO Bonds Series 2022 (AA+/Aa1)<sup>(a)</sup> |
| 2000000 | 5.250 | 03/01/39 | 2232150 |
| O'Fallon Fire Protection District GO Bonds Series 2023<br>(NR/Aa2)<sup>(a)</sup> | O'Fallon Fire Protection District GO Bonds Series 2023<br>(NR/Aa2)<sup>(a)</sup> | O'Fallon Fire Protection District GO Bonds Series 2023<br>(NR/Aa2)<sup>(a)</sup> | O'Fallon Fire Protection District GO Bonds Series 2023<br>(NR/Aa2)<sup>(a)</sup> |
| 510000 | 4.000 | 03/01/38 | 534446 |
| 530000 | 4.000 | 03/01/39 | 552422 |
| 575000 | 4.000 | 03/01/41 | 591383 |
| Orchard Farm MO R-V School District Certificates of Participation Series 2022 A (A/NR)<sup>(a)</sup> | Orchard Farm MO R-V School District Certificates of Participation Series 2022 A (A/NR)<sup>(a)</sup> | Orchard Farm MO R-V School District Certificates of Participation Series 2022 A (A/NR)<sup>(a)</sup> | Orchard Farm MO R-V School District Certificates of Participation Series 2022 A (A/NR)<sup>(a)</sup> |
| 2565000 | 5.250 | 04/01/40 | 2703679 |
| Ozark MO Certificates of Participation Series 2014 (A+/NR)<sup>(a)</sup> | Ozark MO Certificates of Participation Series 2014 (A+/NR)<sup>(a)</sup> | Ozark MO Certificates of Participation Series 2014 (A+/NR)<sup>(a)</sup> | Ozark MO Certificates of Participation Series 2014 (A+/NR)<sup>(a)</sup> |
| 500000 | 5.000 | 09/01/44 | 500895 |
| Ozark MO Reorganized School District No. R-6 GO Bonds Series B (AA+/NR)<sup>(a)</sup> | Ozark MO Reorganized School District No. R-6 GO Bonds Series B (AA+/NR)<sup>(a)</sup> | Ozark MO Reorganized School District No. R-6 GO Bonds Series B (AA+/NR)<sup>(a)</sup> | Ozark MO Reorganized School District No. R-6 GO Bonds Series B (AA+/NR)<sup>(a)</sup> |
| 400000 | 3.000 | 03/01/36 | 396678 |
| 750000 | 4.000 | 03/01/39 | 764545 |
| Platte County Reorganized School District No. R-3 GO Bonds (Refunding) Series 2021 (AA/NR)<sup>(a)</sup> | Platte County Reorganized School District No. R-3 GO Bonds (Refunding) Series 2021 (AA/NR)<sup>(a)</sup> | Platte County Reorganized School District No. R-3 GO Bonds (Refunding) Series 2021 (AA/NR)<sup>(a)</sup> | Platte County Reorganized School District No. R-3 GO Bonds (Refunding) Series 2021 (AA/NR)<sup>(a)</sup> |
| 2155000 | 5.250 | 03/01/40 | 2371058 |
| Polk County Mo School District No. R-1 GO Bonds (Bolivar Refunding) Series 2021 (A/NR)<sup>(a)</sup> | Polk County Mo School District No. R-1 GO Bonds (Bolivar Refunding) Series 2021 (A/NR)<sup>(a)</sup> | Polk County Mo School District No. R-1 GO Bonds (Bolivar Refunding) Series 2021 (A/NR)<sup>(a)</sup> | Polk County Mo School District No. R-1 GO Bonds (Bolivar Refunding) Series 2021 (A/NR)<sup>(a)</sup> |
| 625000 | 3.000 | 03/01/33 | 632487 |
| 1600000 | 3.000 | 03/01/35 | 1616300 |
| Public Water Supply District No. 3 of Franklin County MO Certificate Participation Series 2025 (A+/NR)<sup>(a)</sup> | Public Water Supply District No. 3 of Franklin County MO Certificate Participation Series 2025 (A+/NR)<sup>(a)</sup> | Public Water Supply District No. 3 of Franklin County MO Certificate Participation Series 2025 (A+/NR)<sup>(a)</sup> | Public Water Supply District No. 3 of Franklin County MO Certificate Participation Series 2025 (A+/NR)<sup>(a)</sup> |
| 1000000 | 5.250 | 12/01/36 | 1129486 |
| 1055000 | 5.250 | 12/01/37 | 1184551 |
| Rock Community Fire Protection District GO Bonds Series 2026 (AA-/NR)<sup>(a)</sup> | Rock Community Fire Protection District GO Bonds Series 2026 (AA-/NR)<sup>(a)</sup> | Rock Community Fire Protection District GO Bonds Series 2026 (AA-/NR)<sup>(a)</sup> | Rock Community Fire Protection District GO Bonds Series 2026 (AA-/NR)<sup>(a)</sup> |
| 765000 | 4.000 | 03/01/38 | 792773 |
| 830000 | 4.000 | 03/01/40 | 845912 |
| 635000 | 4.000 | 03/01/41 | 642516 |
| 795000 | 4.000 | 03/01/42 | 798406 |
| Rolla MO Certificates of Participation Series B (A+/NR)<sup>(a)</sup> | Rolla MO Certificates of Participation Series B (A+/NR)<sup>(a)</sup> | Rolla MO Certificates of Participation Series B (A+/NR)<sup>(a)</sup> | Rolla MO Certificates of Participation Series B (A+/NR)<sup>(a)</sup> |
| 225000 | 3.150 | 07/01/27 | 225118 |
| 410000 | 3.450 | 07/01/32 | 410101 |

---

------

THE MISSOURI TAX-FREE INTERMEDIATE BOND FUND

*January 31, 2026 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** |
| **Missouri – (continued)** | **Missouri – (continued)** | **Missouri – (continued)** | **Missouri – (continued)** |
| Rolla School District No. 31 GO Bonds (Missouri Direct Deposit Program) Series 2023 (AA+/NR)<sup>(a)</sup> | Rolla School District No. 31 GO Bonds (Missouri Direct Deposit Program) Series 2023 (AA+/NR)<sup>(a)</sup> | Rolla School District No. 31 GO Bonds (Missouri Direct Deposit Program) Series 2023 (AA+/NR)<sup>(a)</sup> | Rolla School District No. 31 GO Bonds (Missouri Direct Deposit Program) Series 2023 (AA+/NR)<sup>(a)</sup> |
| $925000 | 5.000% | 03/01/41 | $994788 |
| Saint Louis MO Airport Revenue Bonds (Refunding - St. Louis Lambert International Airport) Series A (NR/A2) | Saint Louis MO Airport Revenue Bonds (Refunding - St. Louis Lambert International Airport) Series A (NR/A2) | Saint Louis MO Airport Revenue Bonds (Refunding - St. Louis Lambert International Airport) Series A (NR/A2) | Saint Louis MO Airport Revenue Bonds (Refunding - St. Louis Lambert International Airport) Series A (NR/A2) |
| 1500000 | 5.000 | 07/01/31 | 1648210 |
| 1355000 | 5.000 | 07/01/32 | 1499146 |
| Saint Louis MO Airport Revenue Bonds (Refunding) Series 2017 C (AG) (AA/A1)<sup>(a)</sup> | Saint Louis MO Airport Revenue Bonds (Refunding) Series 2017 C (AG) (AA/A1)<sup>(a)</sup> | Saint Louis MO Airport Revenue Bonds (Refunding) Series 2017 C (AG) (AA/A1)<sup>(a)</sup> | Saint Louis MO Airport Revenue Bonds (Refunding) Series 2017 C (AG) (AA/A1)<sup>(a)</sup> |
| 3745000 | 5.000 | 07/01/42 | 3807260 |
| Southeast Missouri State University Revenue Bonds (Refunding) Series 2020 (BAM) (AA/NR)<sup>(a)</sup> | Southeast Missouri State University Revenue Bonds (Refunding) Series 2020 (BAM) (AA/NR)<sup>(a)</sup> | Southeast Missouri State University Revenue Bonds (Refunding) Series 2020 (BAM) (AA/NR)<sup>(a)</sup> | Southeast Missouri State University Revenue Bonds (Refunding) Series 2020 (BAM) (AA/NR)<sup>(a)</sup> |
| 1000000 | 4.000 | 04/01/37 | 1025358 |
| Southeast Missouri State University Revenue Bonds (Refunding) Series 2020 (BAM) (AA/NR)<sup>(a)</sup> | Southeast Missouri State University Revenue Bonds (Refunding) Series 2020 (BAM) (AA/NR)<sup>(a)</sup> | Southeast Missouri State University Revenue Bonds (Refunding) Series 2020 (BAM) (AA/NR)<sup>(a)</sup> | Southeast Missouri State University Revenue Bonds (Refunding) Series 2020 (BAM) (AA/NR)<sup>(a)</sup> |
| 1465000 | 4.000 | 04/01/40 | 1481634 |
| Southern Platte MO Fire Protection District Series 2018<br>(NR/Aa2)<sup>(a)</sup> | Southern Platte MO Fire Protection District Series 2018<br>(NR/Aa2)<sup>(a)</sup> | Southern Platte MO Fire Protection District Series 2018<br>(NR/Aa2)<sup>(a)</sup> | Southern Platte MO Fire Protection District Series 2018<br>(NR/Aa2)<sup>(a)</sup> |
| 540000 | 4.000 | 03/01/38 | 540130 |
| Springfield MO Special Obligation Revenue Bonds (Refunding) Series B (AMT) (NR/Aa2) | Springfield MO Special Obligation Revenue Bonds (Refunding) Series B (AMT) (NR/Aa2) | Springfield MO Special Obligation Revenue Bonds (Refunding) Series B (AMT) (NR/Aa2) | Springfield MO Special Obligation Revenue Bonds (Refunding) Series B (AMT) (NR/Aa2) |
| 2275000 | 5.000 | 07/01/27 | 2348115 |
| 1220000 | 5.000 <sup>(a)</sup> | 07/01/28 | 1258319 |
| 1400000 | 5.000 <sup>(a)</sup> | 07/01/30 | 1442636 |
| Springfield MO Special Obligation Revenue Bonds Series 2020 (NR/Aa2)<sup>(a)</sup> | Springfield MO Special Obligation Revenue Bonds Series 2020 (NR/Aa2)<sup>(a)</sup> | Springfield MO Special Obligation Revenue Bonds Series 2020 (NR/Aa2)<sup>(a)</sup> | Springfield MO Special Obligation Revenue Bonds Series 2020 (NR/Aa2)<sup>(a)</sup> |
| 470000 | 4.000 | 11/01/34 | 483579 |
| 475000 | 4.000 | 11/01/35 | 487064 |
| 815000 | 4.000 | 11/01/36 | 833255 |
| 845000 | 4.000 | 11/01/37 | 859605 |
| 920000 | 4.000 | 11/01/38 | 933565 |
| St Louis Land Clearance for Redevelopment Authority Revenue Bonds (Refunding) Series A (A/NR)<sup>(a)</sup> | St Louis Land Clearance for Redevelopment Authority Revenue Bonds (Refunding) Series A (A/NR)<sup>(a)</sup> | St Louis Land Clearance for Redevelopment Authority Revenue Bonds (Refunding) Series A (A/NR)<sup>(a)</sup> | St Louis Land Clearance for Redevelopment Authority Revenue Bonds (Refunding) Series A (A/NR)<sup>(a)</sup> |
| 2300000 | 2.125 | 04/01/39 | 1841089 |
| St. Charles County Public Water Supply District No. 2 Certificates of Participation (Water Utility IMPS) Series 2022 (AA/NR)<sup>(a)</sup> | St. Charles County Public Water Supply District No. 2 Certificates of Participation (Water Utility IMPS) Series 2022 (AA/NR)<sup>(a)</sup> | St. Charles County Public Water Supply District No. 2 Certificates of Participation (Water Utility IMPS) Series 2022 (AA/NR)<sup>(a)</sup> | St. Charles County Public Water Supply District No. 2 Certificates of Participation (Water Utility IMPS) Series 2022 (AA/NR)<sup>(a)</sup> |
| 2000000 | 4.000 | 12/01/44 | 1946204 |
| St. Charles MO Certificates of Participation Series 2024 (NR/Aa3)<sup>(a)</sup> | St. Charles MO Certificates of Participation Series 2024 (NR/Aa3)<sup>(a)</sup> | St. Charles MO Certificates of Participation Series 2024 (NR/Aa3)<sup>(a)</sup> | St. Charles MO Certificates of Participation Series 2024 (NR/Aa3)<sup>(a)</sup> |
| 660000 | 5.000 | 02/01/37 | 749722 |
| 695000 | 5.000 | 02/01/38 | 784245 |
| 730000 | 5.000 | 02/01/39 | 815050 |
| 670000 | 5.000 | 02/01/40 | 743114 |
| St. Louis County MO Community College District Certificates of Participation Series 2017 (AA/NR)<sup>(a)</sup> | St. Louis County MO Community College District Certificates of Participation Series 2017 (AA/NR)<sup>(a)</sup> | St. Louis County MO Community College District Certificates of Participation Series 2017 (AA/NR)<sup>(a)</sup> | St. Louis County MO Community College District Certificates of Participation Series 2017 (AA/NR)<sup>(a)</sup> |
| 2000000 | 4.000 | 04/01/36 | 2013807 |
| 2515000 | 4.000 | 04/01/37 | 2530221 |
| St. Louis MO Muni Finance Corp. (Refunding-Carnahan Court House) Series A (A/NR) | St. Louis MO Muni Finance Corp. (Refunding-Carnahan Court House) Series A (A/NR) | St. Louis MO Muni Finance Corp. (Refunding-Carnahan Court House) Series A (A/NR) | St. Louis MO Muni Finance Corp. (Refunding-Carnahan Court House) Series A (A/NR) |
| 2710000 | 5.000 | 02/15/27 | 2768507 |
| St. Louis MO Municipal Finance Corporation Sales Tax Leasehold Revenue Bonds (Refunding) Series 2016 (A/NR)<sup>(a)</sup> | St. Louis MO Municipal Finance Corporation Sales Tax Leasehold Revenue Bonds (Refunding) Series 2016 (A/NR)<sup>(a)</sup> | St. Louis MO Municipal Finance Corporation Sales Tax Leasehold Revenue Bonds (Refunding) Series 2016 (A/NR)<sup>(a)</sup> | St. Louis MO Municipal Finance Corporation Sales Tax Leasehold Revenue Bonds (Refunding) Series 2016 (A/NR)<sup>(a)</sup> |
| 2595000 | 4.000 | 02/15/35 | 2596903 |
| Strafford Fire Protection District GO Bonds Series 2022 (BAM) (AA/NR)<sup>(a)</sup> | Strafford Fire Protection District GO Bonds Series 2022 (BAM) (AA/NR)<sup>(a)</sup> | Strafford Fire Protection District GO Bonds Series 2022 (BAM) (AA/NR)<sup>(a)</sup> | Strafford Fire Protection District GO Bonds Series 2022 (BAM) (AA/NR)<sup>(a)</sup> |
| 1125000 | 5.000 | 03/01/40 | 1185144 |
| Taney County Public Water Supply District No 3 Certification of Participation Series 2022 (A/NR)<sup>(a)</sup> | Taney County Public Water Supply District No 3 Certification of Participation Series 2022 (A/NR)<sup>(a)</sup> | Taney County Public Water Supply District No 3 Certification of Participation Series 2022 (A/NR)<sup>(a)</sup> | Taney County Public Water Supply District No 3 Certification of Participation Series 2022 (A/NR)<sup>(a)</sup> |
| 720000 | 3.750 | 07/01/36 | 738753 |
| University City Municipal Library District Certification of Participation Series 2022 (NR/A1)<sup>(a)</sup> | University City Municipal Library District Certification of Participation Series 2022 (NR/A1)<sup>(a)</sup> | University City Municipal Library District Certification of Participation Series 2022 (NR/A1)<sup>(a)</sup> | University City Municipal Library District Certification of Participation Series 2022 (NR/A1)<sup>(a)</sup> |
| 710000 | 3.000 | 04/15/39 | 648526 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** |
| **Missouri – (continued)** | **Missouri – (continued)** | **Missouri – (continued)** | **Missouri – (continued)** |
| Valley Park Fire Protection District MO GO Bonds (Prerefunded) Series 2019 (NR/NR)<sup>(a)(b)</sup> | Valley Park Fire Protection District MO GO Bonds (Prerefunded) Series 2019 (NR/NR)<sup>(a)(b)</sup> | Valley Park Fire Protection District MO GO Bonds (Prerefunded) Series 2019 (NR/NR)<sup>(a)(b)</sup> | Valley Park Fire Protection District MO GO Bonds (Prerefunded) Series 2019 (NR/NR)<sup>(a)(b)</sup> |
| $180000 | 4.000% | 03/01/27 | $183189 |
| Valley Park Fire Protection District MO GO Bonds (Unrefunded) Series 2019 (AA/NR)<sup>(a)</sup> | Valley Park Fire Protection District MO GO Bonds (Unrefunded) Series 2019 (AA/NR)<sup>(a)</sup> | Valley Park Fire Protection District MO GO Bonds (Unrefunded) Series 2019 (AA/NR)<sup>(a)</sup> | Valley Park Fire Protection District MO GO Bonds (Unrefunded) Series 2019 (AA/NR)<sup>(a)</sup> |
| 575000 | 4.000 | 03/01/39 | 577174 |
| Valley Park MO Fire Protection District GO Bonds Series 2019 (AA/NR)<sup>(a)</sup> | Valley Park MO Fire Protection District GO Bonds Series 2019 (AA/NR)<sup>(a)</sup> | Valley Park MO Fire Protection District GO Bonds Series 2019 (AA/NR)<sup>(a)</sup> | Valley Park MO Fire Protection District GO Bonds Series 2019 (AA/NR)<sup>(a)</sup> |
| 450000 | 4.000 | 03/01/35 | 454394 |
| 500000 | 4.000 | 03/01/37 | 504041 |
| Warrensburg MO School District No R-VI GO Bonds (Direct Deposit Program) Series 2020 (AA+/NR)<sup>(a)</sup> | Warrensburg MO School District No R-VI GO Bonds (Direct Deposit Program) Series 2020 (AA+/NR)<sup>(a)</sup> | Warrensburg MO School District No R-VI GO Bonds (Direct Deposit Program) Series 2020 (AA+/NR)<sup>(a)</sup> | Warrensburg MO School District No R-VI GO Bonds (Direct Deposit Program) Series 2020 (AA+/NR)<sup>(a)</sup> |
| 500000 | 3.000 | 03/01/36 | 490741 |
| 560000 | 3.000 | 03/01/37 | 538139 |
| Warrensburg MO School District No R-VI GO Bonds (Refunding) Series 2025 (AA+/NR)<sup>(a)</sup> | Warrensburg MO School District No R-VI GO Bonds (Refunding) Series 2025 (AA+/NR)<sup>(a)</sup> | Warrensburg MO School District No R-VI GO Bonds (Refunding) Series 2025 (AA+/NR)<sup>(a)</sup> | Warrensburg MO School District No R-VI GO Bonds (Refunding) Series 2025 (AA+/NR)<sup>(a)</sup> |
| 600000 | 5.750 | 03/01/42 | 686694 |
| Warrensburg MO School District No R-VI GO Bonds (Refunding) Series 2025 (AA+/NR)<sup>(a)</sup> | Warrensburg MO School District No R-VI GO Bonds (Refunding) Series 2025 (AA+/NR)<sup>(a)</sup> | Warrensburg MO School District No R-VI GO Bonds (Refunding) Series 2025 (AA+/NR)<sup>(a)</sup> | Warrensburg MO School District No R-VI GO Bonds (Refunding) Series 2025 (AA+/NR)<sup>(a)</sup> |
| 525000 | 5.750 | 03/01/41 | 608611 |
| Waynesville R-VI School District MO Certificate Participation Series 2025 (A/NR)<sup>(a)</sup> | Waynesville R-VI School District MO Certificate Participation Series 2025 (A/NR)<sup>(a)</sup> | Waynesville R-VI School District MO Certificate Participation Series 2025 (A/NR)<sup>(a)</sup> | Waynesville R-VI School District MO Certificate Participation Series 2025 (A/NR)<sup>(a)</sup> |
| 625000 | 5.000 | 04/15/35 | 713824 |
| 440000 | 5.000 | 04/15/37 | 493255 |
| 855000 | 5.000 | 04/15/38 | 953586 |
| 500000 | 5.000 | 04/15/39 | 554502 |
| Wentzville MO Certificates of Participation Series 2023 (NR/Aa3) | Wentzville MO Certificates of Participation Series 2023 (NR/Aa3) | Wentzville MO Certificates of Participation Series 2023 (NR/Aa3) | Wentzville MO Certificates of Participation Series 2023 (NR/Aa3) |
| 250000 | 5.000 | 03/01/32 | 283033 |
| 260000 | 5.000 | 03/01/33 | 297863 |
| 340000 | 5.000 <sup>(a)</sup> | 03/01/34 | 390329 |
| 360000 | 5.000 <sup>(a)</sup> | 03/01/35 | 410773 |
| 380000 | 5.000 <sup>(a)</sup> | 03/01/36 | 429580 |
| 320000 | 5.000 <sup>(a)</sup> | 03/01/37 | 358398 |
| 600000 | 4.000 <sup>(a)</sup> | 03/01/39 | 607797 |
| Wentzville R-IV School District MO Lease Certificates of Participation (Refunding & Improvement Certificates) Series 2016 (NR/A1)<sup>(a)</sup> | Wentzville R-IV School District MO Lease Certificates of Participation (Refunding & Improvement Certificates) Series 2016 (NR/A1)<sup>(a)</sup> | Wentzville R-IV School District MO Lease Certificates of Participation (Refunding & Improvement Certificates) Series 2016 (NR/A1)<sup>(a)</sup> | Wentzville R-IV School District MO Lease Certificates of Participation (Refunding & Improvement Certificates) Series 2016 (NR/A1)<sup>(a)</sup> |
| 1800000 | 4.000 | 04/01/33 | 1800969 |
| 1800000 | 4.000 | 04/01/34 | 1800904 |
| Wright City MO GO Bonds Series 2024 (A+/NR)<sup>(a)</sup> | Wright City MO GO Bonds Series 2024 (A+/NR)<sup>(a)</sup> | Wright City MO GO Bonds Series 2024 (A+/NR)<sup>(a)</sup> | Wright City MO GO Bonds Series 2024 (A+/NR)<sup>(a)</sup> |
| 415000 | 4.000 | 03/01/38 | 430001 |
| 435000 | 4.000 | 03/01/39 | 449052 |
| 455000 | 4.000 | 03/01/40 | 466910 |
| 495000 | 4.000 | 03/01/42 | 500527 |
| Wright City R-II School District GO Bonds Series 2022 (AG) (AA/NR)<sup>(a)</sup> | Wright City R-II School District GO Bonds Series 2022 (AG) (AA/NR)<sup>(a)</sup> | Wright City R-II School District GO Bonds Series 2022 (AG) (AA/NR)<sup>(a)</sup> | Wright City R-II School District GO Bonds Series 2022 (AG) (AA/NR)<sup>(a)</sup> |
| 1055000 | 6.000 | 03/01/34 | 1259583 |
|  |  |  | 221173918 |
| **North Dakota<sup>(a)</sup> – 0.1%** | **North Dakota<sup>(a)</sup> – 0.1%** | **North Dakota<sup>(a)</sup> – 0.1%** | **North Dakota<sup>(a)</sup> – 0.1%** |
| North Dakota State Housing Finance Agency Homeownership Revenue Bonds (Home Mortgage Finance Program) Series C (NR/Aa1) | North Dakota State Housing Finance Agency Homeownership Revenue Bonds (Home Mortgage Finance Program) Series C (NR/Aa1) | North Dakota State Housing Finance Agency Homeownership Revenue Bonds (Home Mortgage Finance Program) Series C (NR/Aa1) | North Dakota State Housing Finance Agency Homeownership Revenue Bonds (Home Mortgage Finance Program) Series C (NR/Aa1) |
| 105000 | 3.150 | 01/01/36 | 101713 |
| **Ohio<sup>(a)</sup> – 0.6%** | **Ohio<sup>(a)</sup> – 0.6%** | **Ohio<sup>(a)</sup> – 0.6%** | **Ohio<sup>(a)</sup> – 0.6%** |
| Dayton City School District Certificates of Participation (Ohio School Facilities Project) Series 2021 (NR/A3) | Dayton City School District Certificates of Participation (Ohio School Facilities Project) Series 2021 (NR/A3) | Dayton City School District Certificates of Participation (Ohio School Facilities Project) Series 2021 (NR/A3) | Dayton City School District Certificates of Participation (Ohio School Facilities Project) Series 2021 (NR/A3) |
| 695000 | 2.125 | 12/01/34 | 609730 |

---

------

THE MISSOURI TAX-FREE INTERMEDIATE BOND FUND

*January 31, 2026 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** |
| **Ohio<sup>(a)</sup> – (continued)** | **Ohio<sup>(a)</sup> – (continued)** | **Ohio<sup>(a)</sup> – (continued)** | **Ohio<sup>(a)</sup> – (continued)** |
| Dayton City School District Certificates of Participation (Ohio School Facilities Project) Series 2021 (NR/A3) (continued) | Dayton City School District Certificates of Participation (Ohio School Facilities Project) Series 2021 (NR/A3) (continued) | Dayton City School District Certificates of Participation (Ohio School Facilities Project) Series 2021 (NR/A3) (continued) | Dayton City School District Certificates of Participation (Ohio School Facilities Project) Series 2021 (NR/A3) (continued) |
| $715000 | 3.000% | 12/01/35 | $684427 |
|  |  |  | 1294157 |
| **TOTAL MUNICIPAL BOND OBLIGATIONS<br>(Cost $231,651,809)** | **TOTAL MUNICIPAL BOND OBLIGATIONS<br>(Cost $231,651,809)** | **TOTAL MUNICIPAL BOND OBLIGATIONS<br>(Cost $231,651,809)** | $230501644 |
| **Shares** | **Dividend**<br> **Rate** | **Dividend**<br> **Rate** | **Value** |
| **Investment Company – 2.0%** | **Investment Company – 2.0%** | **Investment Company – 2.0%** | **Investment Company – 2.0%** |
| State Street Institutional US Government Money Market Fund - Premier Class | State Street Institutional US Government Money Market Fund - Premier Class | State Street Institutional US Government Money Market Fund - Premier Class | State Street Institutional US Government Money Market Fund - Premier Class |
| 4701215 | 3.650% | 3.650% | $4701215 |
| **(Cost $4,701,215)** | **(Cost $4,701,215)** | **(Cost $4,701,215)** | **(Cost $4,701,215)** |
| **TOTAL INVESTMENTS – 100.4%<br>(Cost $236,353,024)** | **TOTAL INVESTMENTS – 100.4%<br>(Cost $236,353,024)** | **TOTAL INVESTMENTS – 100.4%<br>(Cost $236,353,024)** | $235202859 |
| **LIABILITIES IN EXCESS OF**<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**OTHER ASSETS – (0.4)%** | **LIABILITIES IN EXCESS OF**<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**OTHER ASSETS – (0.4)%** | **LIABILITIES IN EXCESS OF**<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**OTHER ASSETS – (0.4)%** | (962132) |
| **NET ASSETS – 100.0%** | **NET ASSETS – 100.0%** | **NET ASSETS – 100.0%** | $234240727 |

---

---

| | |
|:---|:---|
| The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets. | The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets. |
| (a) | Security with "Call" features with resetting interest rates. |
| (b) | Prerefunded security. Maturity date disclosed is prerefunding date. |
| Security ratings disclosed, if any, are issued by Standard & Poor's Ratings Services/Moody's Investors Service and are unaudited. A description of the ratings is available in the Fund's Statement of Additional Information. | Security ratings disclosed, if any, are issued by Standard & Poor's Ratings Services/Moody's Investors Service and are unaudited. A description of the ratings is available in the Fund's Statement of Additional Information. |

---

---

| | |
|:---|:---|
| **Investment Abbreviations:** | **Investment Abbreviations:** |
| AMT | — Alternative Minimum Tax |
| FHLMC | — Federal Home Loan Mortgage Corp. |
| FNMA | — Federal National Mortgage Association |
| GNMA | — Government National Mortgage Association |
| GO | — General Obligation |
| NR | — Not Rated |
| WR | — Withdrawn Rating |

---

------

THE KANSAS TAX-FREE INTERMEDIATE BOND FUND

## Schedule of Investments
*January 31, 2026 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Municipal Bond Obligations – 102.0%** | **Municipal Bond Obligations – 102.0%** | **Municipal Bond Obligations – 102.0%** | **Municipal Bond Obligations – 102.0%** |
| **Indiana – 7.4%** | **Indiana – 7.4%** | **Indiana – 7.4%** | **Indiana – 7.4%** |
| Carmel IN Local Public Improvement Bond Bank Revenue Bonds Series B-1 (AA/NR)<sup>(a)</sup> | Carmel IN Local Public Improvement Bond Bank Revenue Bonds Series B-1 (AA/NR)<sup>(a)</sup> | Carmel IN Local Public Improvement Bond Bank Revenue Bonds Series B-1 (AA/NR)<sup>(a)</sup> | Carmel IN Local Public Improvement Bond Bank Revenue Bonds Series B-1 (AA/NR)<sup>(a)</sup> |
| $440000 | 4.000% | 01/15/35 | $445235 |
| City of Martinsville Indiana Government Facility Building Corp. Revenue Bonds Series 2023 (BAM) (AA/NR)<sup>(a)</sup> | City of Martinsville Indiana Government Facility Building Corp. Revenue Bonds Series 2023 (BAM) (AA/NR)<sup>(a)</sup> | City of Martinsville Indiana Government Facility Building Corp. Revenue Bonds Series 2023 (BAM) (AA/NR)<sup>(a)</sup> | City of Martinsville Indiana Government Facility Building Corp. Revenue Bonds Series 2023 (BAM) (AA/NR)<sup>(a)</sup> |
| 500000 | 5.250 | 08/01/37 | 551838 |
| 500000 | 5.250 | 08/01/42 | 533205 |
| Frankfort Redevelopment Authority Revenue Bonds Riverfront Phase II Project Series 2022 (BAM) (AA/NR)<sup>(a)</sup> | Frankfort Redevelopment Authority Revenue Bonds Riverfront Phase II Project Series 2022 (BAM) (AA/NR)<sup>(a)</sup> | Frankfort Redevelopment Authority Revenue Bonds Riverfront Phase II Project Series 2022 (BAM) (AA/NR)<sup>(a)</sup> | Frankfort Redevelopment Authority Revenue Bonds Riverfront Phase II Project Series 2022 (BAM) (AA/NR)<sup>(a)</sup> |
| 1500000 | 5.000 | 08/01/38 | 1644436 |
| Indianapolis Local Public Improvement Bond Bank Revenue Bonds (City Moral Obligation - Subordinate) Series 2023 (BAM) (AA/NR)<sup>(a)</sup> | Indianapolis Local Public Improvement Bond Bank Revenue Bonds (City Moral Obligation - Subordinate) Series 2023 (BAM) (AA/NR)<sup>(a)</sup> | Indianapolis Local Public Improvement Bond Bank Revenue Bonds (City Moral Obligation - Subordinate) Series 2023 (BAM) (AA/NR)<sup>(a)</sup> | Indianapolis Local Public Improvement Bond Bank Revenue Bonds (City Moral Obligation - Subordinate) Series 2023 (BAM) (AA/NR)<sup>(a)</sup> |
| 1750000 | 5.250 | 03/01/43 | 1885633 |
| Northwestern School Building Corp. Revenue Bonds Series 2023 (AA+/NR)<sup>(a)</sup> | Northwestern School Building Corp. Revenue Bonds Series 2023 (AA+/NR)<sup>(a)</sup> | Northwestern School Building Corp. Revenue Bonds Series 2023 (AA+/NR)<sup>(a)</sup> | Northwestern School Building Corp. Revenue Bonds Series 2023 (AA+/NR)<sup>(a)</sup> |
| 550000 | 6.000 | 07/15/36 | 632668 |
| 600000 | 6.000 | 07/15/37 | 686340 |
| Whitestown Redevelopment Authority Redevelopment Authority Lease Rental Revenue Bonds(Taxable-Refunding) Series 2021 (AA+/NR) | Whitestown Redevelopment Authority Redevelopment Authority Lease Rental Revenue Bonds(Taxable-Refunding) Series 2021 (AA+/NR) | Whitestown Redevelopment Authority Redevelopment Authority Lease Rental Revenue Bonds(Taxable-Refunding) Series 2021 (AA+/NR) | Whitestown Redevelopment Authority Redevelopment Authority Lease Rental Revenue Bonds(Taxable-Refunding) Series 2021 (AA+/NR) |
| 1530000 | 3.000 | 08/01/31 | 1551463 |
|  |  |  | 7930818 |
| **Kansas – 91.5%** | **Kansas – 91.5%** | **Kansas – 91.5%** | **Kansas – 91.5%** |
| Arkansas City Cowley County Unified School District No. 470 GO Bonds (Refunding) Series 2026 (BAM) (AA/NR)<sup>(a)</sup> | Arkansas City Cowley County Unified School District No. 470 GO Bonds (Refunding) Series 2026 (BAM) (AA/NR)<sup>(a)</sup> | Arkansas City Cowley County Unified School District No. 470 GO Bonds (Refunding) Series 2026 (BAM) (AA/NR)<sup>(a)</sup> | Arkansas City Cowley County Unified School District No. 470 GO Bonds (Refunding) Series 2026 (BAM) (AA/NR)<sup>(a)</sup> |
| 890000 | 5.000 | 09/01/36 | 1023315 |
| 850000 | 5.000 | 09/01/37 | 968586 |
| 850000 | 5.000 | 09/01/38 | 962074 |
| Arkansas City KS Public Building Commission Revenue Bonds (Refunding) Series 2019 (A/NR) | Arkansas City KS Public Building Commission Revenue Bonds (Refunding) Series 2019 (A/NR) | Arkansas City KS Public Building Commission Revenue Bonds (Refunding) Series 2019 (A/NR) | Arkansas City KS Public Building Commission Revenue Bonds (Refunding) Series 2019 (A/NR) |
| 560000 | 5.000 | 09/01/27 | 581411 |
| 585000 | 5.000 | 09/01/28 | 621064 |
| 415000 | 5.000 <sup>(a)</sup> | 09/01/29 | 445852 |
| Atchison County KS Unified School District No. 409 GO Bonds (Refunding) Series 2024 (BAM) (AA/NR)<sup>(a)</sup> | Atchison County KS Unified School District No. 409 GO Bonds (Refunding) Series 2024 (BAM) (AA/NR)<sup>(a)</sup> | Atchison County KS Unified School District No. 409 GO Bonds (Refunding) Series 2024 (BAM) (AA/NR)<sup>(a)</sup> | Atchison County KS Unified School District No. 409 GO Bonds (Refunding) Series 2024 (BAM) (AA/NR)<sup>(a)</sup> |
| 920000 | 5.000 | 09/01/36 | 1013502 |
| Blue Valley KS Recreation Commission Certificates of Participation Series 2025 B (AG) (AA/Aa2)<sup>(a)</sup> | Blue Valley KS Recreation Commission Certificates of Participation Series 2025 B (AG) (AA/Aa2)<sup>(a)</sup> | Blue Valley KS Recreation Commission Certificates of Participation Series 2025 B (AG) (AA/Aa2)<sup>(a)</sup> | Blue Valley KS Recreation Commission Certificates of Participation Series 2025 B (AG) (AA/Aa2)<sup>(a)</sup> |
| 705000 | 5.000 | 04/01/37 | 804576 |
| 745000 | 5.000 | 04/01/38 | 843514 |
| 780000 | 5.000 | 04/01/39 | 877183 |
| Bourbon County KS Unified School District No. 234-Fort Scott Certificates of Participation Series 2023 (AG) (AA/NR)<sup>(a)</sup> | Bourbon County KS Unified School District No. 234-Fort Scott Certificates of Participation Series 2023 (AG) (AA/NR)<sup>(a)</sup> | Bourbon County KS Unified School District No. 234-Fort Scott Certificates of Participation Series 2023 (AG) (AA/NR)<sup>(a)</sup> | Bourbon County KS Unified School District No. 234-Fort Scott Certificates of Participation Series 2023 (AG) (AA/NR)<sup>(a)</sup> |
| 830000 | 4.000 | 09/01/39 | 848050 |
| Butler County KS Unified School District No. 385 GO Bonds (Refunding-School Building) Series 2017 (AA-/Aa3)<sup>(a)</sup> | Butler County KS Unified School District No. 385 GO Bonds (Refunding-School Building) Series 2017 (AA-/Aa3)<sup>(a)</sup> | Butler County KS Unified School District No. 385 GO Bonds (Refunding-School Building) Series 2017 (AA-/Aa3)<sup>(a)</sup> | Butler County KS Unified School District No. 385 GO Bonds (Refunding-School Building) Series 2017 (AA-/Aa3)<sup>(a)</sup> |
| 500000 | 4.000 | 09/01/31 | 511062 |
| Butler County Unified School District No. 402 Augusta GO Bonds (Refunding) Series 2025 (BAM) (AA/A1)<sup>(a)</sup> | Butler County Unified School District No. 402 Augusta GO Bonds (Refunding) Series 2025 (BAM) (AA/A1)<sup>(a)</sup> | Butler County Unified School District No. 402 Augusta GO Bonds (Refunding) Series 2025 (BAM) (AA/A1)<sup>(a)</sup> | Butler County Unified School District No. 402 Augusta GO Bonds (Refunding) Series 2025 (BAM) (AA/A1)<sup>(a)</sup> |
| 200000 | 5.250 | 09/01/35 | 231717 |
| 200000 | 5.250 | 09/01/36 | 228971 |
| 285000 | 5.250 | 09/01/37 | 323403 |
| 415000 | 5.250 | 09/01/38 | 468368 |
| Chisholm Creek Utility Authority Revenue Bonds (Cities of Belaire and Park City, Kansas Project) Series 2025 (AG)<br>(AA/NR)<sup>(a)</sup> | Chisholm Creek Utility Authority Revenue Bonds (Cities of Belaire and Park City, Kansas Project) Series 2025 (AG)<br>(AA/NR)<sup>(a)</sup> | Chisholm Creek Utility Authority Revenue Bonds (Cities of Belaire and Park City, Kansas Project) Series 2025 (AG)<br>(AA/NR)<sup>(a)</sup> | Chisholm Creek Utility Authority Revenue Bonds (Cities of Belaire and Park City, Kansas Project) Series 2025 (AG)<br>(AA/NR)<sup>(a)</sup> |
| 1000000 | 5.000 | 09/01/38 | 1144693 |
| 1000000 | 5.000 | 09/01/39 | 1137168 |
| City of Abilene KS Public Building Commission Revenue Bonds (Refunding-Hospital District No. 1) Series 2017 (AA-/NR)<sup>(a)</sup> | City of Abilene KS Public Building Commission Revenue Bonds (Refunding-Hospital District No. 1) Series 2017 (AA-/NR)<sup>(a)</sup> | City of Abilene KS Public Building Commission Revenue Bonds (Refunding-Hospital District No. 1) Series 2017 (AA-/NR)<sup>(a)</sup> | City of Abilene KS Public Building Commission Revenue Bonds (Refunding-Hospital District No. 1) Series 2017 (AA-/NR)<sup>(a)</sup> |
| 600000 | 4.000 | 12/01/29 | 615523 |
| 650000 | 4.000 | 12/01/30 | 666626 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** |
| **Kansas – (continued)** | **Kansas – (continued)** | **Kansas – (continued)** | **Kansas – (continued)** |
| City of Andover KS GO Bonds Series 2025 A (BAM) (AA/NR)<sup>(a)</sup> | City of Andover KS GO Bonds Series 2025 A (BAM) (AA/NR)<sup>(a)</sup> | City of Andover KS GO Bonds Series 2025 A (BAM) (AA/NR)<sup>(a)</sup> | City of Andover KS GO Bonds Series 2025 A (BAM) (AA/NR)<sup>(a)</sup> |
| $635000 | 4.000% | 10/01/38 | $660975 |
| 655000 | 4.000 | 10/01/39 | 677939 |
| City of Bel Aire KS GO Bonds Series 2025 (BAM) (AA/NR)<sup>(a)</sup> | City of Bel Aire KS GO Bonds Series 2025 (BAM) (AA/NR)<sup>(a)</sup> | City of Bel Aire KS GO Bonds Series 2025 (BAM) (AA/NR)<sup>(a)</sup> | City of Bel Aire KS GO Bonds Series 2025 (BAM) (AA/NR)<sup>(a)</sup> |
| 510000 | 4.000 | 11/01/40 | 525727 |
| 530000 | 4.000 | 11/01/41 | 542352 |
| City of Lawrence KS Water & Sewage System Revenue Bonds Series 2023 (NR/Aa2)<sup>(a)</sup> | City of Lawrence KS Water & Sewage System Revenue Bonds Series 2023 (NR/Aa2)<sup>(a)</sup> | City of Lawrence KS Water & Sewage System Revenue Bonds Series 2023 (NR/Aa2)<sup>(a)</sup> | City of Lawrence KS Water & Sewage System Revenue Bonds Series 2023 (NR/Aa2)<sup>(a)</sup> |
| 1500000 | 4.000 | 11/01/40 | 1537046 |
| City of Olathe KS Water & Sewer System Revenue Bonds Series 2025 (AA+/NR)<sup>(a)</sup> | City of Olathe KS Water & Sewer System Revenue Bonds Series 2025 (AA+/NR)<sup>(a)</sup> | City of Olathe KS Water & Sewer System Revenue Bonds Series 2025 (AA+/NR)<sup>(a)</sup> | City of Olathe KS Water & Sewer System Revenue Bonds Series 2025 (AA+/NR)<sup>(a)</sup> |
| 2035000 | 4.000 | 07/01/38 | 2118895 |
| City of Topeka KS Combined Utility Revenue Bonds (Refunding) Series A (NR/Aa3)<sup>(a)</sup> | City of Topeka KS Combined Utility Revenue Bonds (Refunding) Series A (NR/Aa3)<sup>(a)</sup> | City of Topeka KS Combined Utility Revenue Bonds (Refunding) Series A (NR/Aa3)<sup>(a)</sup> | City of Topeka KS Combined Utility Revenue Bonds (Refunding) Series A (NR/Aa3)<sup>(a)</sup> |
| 650000 | 3.000 | 08/01/32 | 644414 |
| City of Valley Center KS GO Bonds (Refunding) Series 1<br>(AA/NR)<sup>(a)</sup> | City of Valley Center KS GO Bonds (Refunding) Series 1<br>(AA/NR)<sup>(a)</sup> | City of Valley Center KS GO Bonds (Refunding) Series 1<br>(AA/NR)<sup>(a)</sup> | City of Valley Center KS GO Bonds (Refunding) Series 1<br>(AA/NR)<sup>(a)</sup> |
| 500000 | 5.000 | 12/01/37 | 567035 |
| 530000 | 5.000 | 12/01/38 | 597915 |
| 550000 | 5.000 | 12/01/39 | 616548 |
| County of Logan KS GO Bonds (Refunding) Series B (AG) (AA/NR) | County of Logan KS GO Bonds (Refunding) Series B (AG) (AA/NR) | County of Logan KS GO Bonds (Refunding) Series B (AG) (AA/NR) | County of Logan KS GO Bonds (Refunding) Series B (AG) (AA/NR) |
| 1250000 | 5.000 | 12/01/29 | 1368326 |
| 700000 | 5.250 <sup>(a)</sup> | 12/01/37 | 812408 |
| Crawford County Unified School District No. 250 Pittsburg GO Bonds Series 2022 (BAM) (AA/A2)<sup>(a)</sup> | Crawford County Unified School District No. 250 Pittsburg GO Bonds Series 2022 (BAM) (AA/A2)<sup>(a)</sup> | Crawford County Unified School District No. 250 Pittsburg GO Bonds Series 2022 (BAM) (AA/A2)<sup>(a)</sup> | Crawford County Unified School District No. 250 Pittsburg GO Bonds Series 2022 (BAM) (AA/A2)<sup>(a)</sup> |
| 750000 | 4.000 | 09/01/41 | 763037 |
| Dickinson County KS Public Building Commission Revenue Bonds Series 2018 (AA-/NR)<sup>(a)</sup> | Dickinson County KS Public Building Commission Revenue Bonds Series 2018 (AA-/NR)<sup>(a)</sup> | Dickinson County KS Public Building Commission Revenue Bonds Series 2018 (AA-/NR)<sup>(a)</sup> | Dickinson County KS Public Building Commission Revenue Bonds Series 2018 (AA-/NR)<sup>(a)</sup> |
| 1550000 | 3.250 | 08/01/33 | 1556506 |
| 1000000 | 5.000 | 08/01/44 | 1024723 |
| Dickinson County KS Unified School District No. 435 GO Bonds (Taxable-Refunding) Series 2019 (A+/NR)<sup>(a)</sup> | Dickinson County KS Unified School District No. 435 GO Bonds (Taxable-Refunding) Series 2019 (A+/NR)<sup>(a)</sup> | Dickinson County KS Unified School District No. 435 GO Bonds (Taxable-Refunding) Series 2019 (A+/NR)<sup>(a)</sup> | Dickinson County KS Unified School District No. 435 GO Bonds (Taxable-Refunding) Series 2019 (A+/NR)<sup>(a)</sup> |
| 375000 | 2.950 | 09/01/32 | 349629 |
| Douglas County KS Unified School District No. 348 Baldwin GO Bonds (Refunding) Series 2024 (AG) (AA/NR)<sup>(a)</sup> | Douglas County KS Unified School District No. 348 Baldwin GO Bonds (Refunding) Series 2024 (AG) (AA/NR)<sup>(a)</sup> | Douglas County KS Unified School District No. 348 Baldwin GO Bonds (Refunding) Series 2024 (AG) (AA/NR)<sup>(a)</sup> | Douglas County KS Unified School District No. 348 Baldwin GO Bonds (Refunding) Series 2024 (AG) (AA/NR)<sup>(a)</sup> |
| 1220000 | 5.000 | 09/01/38 | 1315118 |
| 1280000 | 5.000 | 09/01/39 | 1371390 |
| Douglas County KS Unified School District No. 491 GO Bonds (Edora-Refunding) Series A-2023 (AG) (AA/A2)<sup>(a)</sup> | Douglas County KS Unified School District No. 491 GO Bonds (Edora-Refunding) Series A-2023 (AG) (AA/A2)<sup>(a)</sup> | Douglas County KS Unified School District No. 491 GO Bonds (Edora-Refunding) Series A-2023 (AG) (AA/A2)<sup>(a)</sup> | Douglas County KS Unified School District No. 491 GO Bonds (Edora-Refunding) Series A-2023 (AG) (AA/A2)<sup>(a)</sup> |
| 1785000 | 5.000 | 09/01/40 | 1931728 |
| Finney County Unified School District No. 457 GO Bonds (Refunding) Series A (A+/NR)<sup>(a)</sup> | Finney County Unified School District No. 457 GO Bonds (Refunding) Series A (A+/NR)<sup>(a)</sup> | Finney County Unified School District No. 457 GO Bonds (Refunding) Series A (A+/NR)<sup>(a)</sup> | Finney County Unified School District No. 457 GO Bonds (Refunding) Series A (A+/NR)<sup>(a)</sup> |
| 1530000 | 4.000 | 09/01/30 | 1543537 |
| Geary County Public Building Commission Revenue Bonds Series 2022 (A+/NR)<sup>(a)</sup> | Geary County Public Building Commission Revenue Bonds Series 2022 (A+/NR)<sup>(a)</sup> | Geary County Public Building Commission Revenue Bonds Series 2022 (A+/NR)<sup>(a)</sup> | Geary County Public Building Commission Revenue Bonds Series 2022 (A+/NR)<sup>(a)</sup> |
| 1000000 | 5.000 | 08/01/47 | 1013250 |
| Goddard City KS GO Bonds Series A (AG) (AA/NR)<sup>(a)</sup> | Goddard City KS GO Bonds Series A (AG) (AA/NR)<sup>(a)</sup> | Goddard City KS GO Bonds Series A (AG) (AA/NR)<sup>(a)</sup> | Goddard City KS GO Bonds Series A (AG) (AA/NR)<sup>(a)</sup> |
| 565000 | 4.000 | 10/01/37 | 590669 |
| 670000 | 4.000 | 10/01/38 | 694199 |
| 695000 | 4.000 | 10/01/39 | 713214 |
| Harvey County Unified School District GO Bonds (Refunding) Series 2023 (BAM) (AA/NR)<sup>(a)</sup> | Harvey County Unified School District GO Bonds (Refunding) Series 2023 (BAM) (AA/NR)<sup>(a)</sup> | Harvey County Unified School District GO Bonds (Refunding) Series 2023 (BAM) (AA/NR)<sup>(a)</sup> | Harvey County Unified School District GO Bonds (Refunding) Series 2023 (BAM) (AA/NR)<sup>(a)</sup> |
| 430000 | 4.000 | 09/01/31 | 458482 |
| 450000 | 4.000 | 09/01/32 | 476649 |
| Harvey County Unified School District No. 440 GO Bonds (Refunding) Series 2023 (BAM) (AA/NR)<sup>(a)</sup> | Harvey County Unified School District No. 440 GO Bonds (Refunding) Series 2023 (BAM) (AA/NR)<sup>(a)</sup> | Harvey County Unified School District No. 440 GO Bonds (Refunding) Series 2023 (BAM) (AA/NR)<sup>(a)</sup> | Harvey County Unified School District No. 440 GO Bonds (Refunding) Series 2023 (BAM) (AA/NR)<sup>(a)</sup> |
| 925000 | 5.000 | 09/01/36 | 1009572 |
| 510000 | 5.000 | 09/01/37 | 553740 |
| 1495000 | 5.000 | 09/01/42 | 1576024 |
| Jefferson County Unified School District No. 343 Perry GO Bonds (Refunding) Series 2023 (AG) (AA/A1)<sup>(a)</sup> | Jefferson County Unified School District No. 343 Perry GO Bonds (Refunding) Series 2023 (AG) (AA/A1)<sup>(a)</sup> | Jefferson County Unified School District No. 343 Perry GO Bonds (Refunding) Series 2023 (AG) (AA/A1)<sup>(a)</sup> | Jefferson County Unified School District No. 343 Perry GO Bonds (Refunding) Series 2023 (AG) (AA/A1)<sup>(a)</sup> |
| 585000 | 5.500 | 09/01/33 | 652715 |

---

------

THE KANSAS TAX-FREE INTERMEDIATE BOND FUND

## Schedule of Investments (continued)
*January 31, 2026 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** |
| **Kansas – (continued)** | **Kansas – (continued)** | **Kansas – (continued)** | **Kansas – (continued)** |
| Jefferson County Unified School District No. 343 Perry GO Bonds (Refunding) Series 2023 (AG) (AA/A1)<sup>(a)</sup> (continued) | Jefferson County Unified School District No. 343 Perry GO Bonds (Refunding) Series 2023 (AG) (AA/A1)<sup>(a)</sup> (continued) | Jefferson County Unified School District No. 343 Perry GO Bonds (Refunding) Series 2023 (AG) (AA/A1)<sup>(a)</sup> (continued) | Jefferson County Unified School District No. 343 Perry GO Bonds (Refunding) Series 2023 (AG) (AA/A1)<sup>(a)</sup> (continued) |
| $620000 | 5.500% | 09/01/34 | $689171 |
| 655000 | 5.500 | 09/01/35 | 724931 |
| 500000 | 5.500 | 09/01/38 | 546806 |
| 1000000 | 5.500 | 09/01/43 | 1061644 |
| Johnson & Miami Counties KS Unified School District No. 230 GO Bonds Series A (NR/A1)<sup>(a)</sup> | Johnson & Miami Counties KS Unified School District No. 230 GO Bonds Series A (NR/A1)<sup>(a)</sup> | Johnson & Miami Counties KS Unified School District No. 230 GO Bonds Series A (NR/A1)<sup>(a)</sup> | Johnson & Miami Counties KS Unified School District No. 230 GO Bonds Series A (NR/A1)<sup>(a)</sup> |
| 1000000 | 4.000 | 09/01/32 | 1013487 |
| Johnson & Miami County KS Unified School District No. 230 GO Bonds Series B (NR/A1)<sup>(a)</sup> | Johnson & Miami County KS Unified School District No. 230 GO Bonds Series B (NR/A1)<sup>(a)</sup> | Johnson & Miami County KS Unified School District No. 230 GO Bonds Series B (NR/A1)<sup>(a)</sup> | Johnson & Miami County KS Unified School District No. 230 GO Bonds Series B (NR/A1)<sup>(a)</sup> |
| 1000000 | 4.000 | 09/01/33 | 1003837 |
| Johnson County KS Unified School District No. 231 GO Bonds(Refunding-Gardner-Edgerton) Series 2023 (AA-/NR) | Johnson County KS Unified School District No. 231 GO Bonds(Refunding-Gardner-Edgerton) Series 2023 (AA-/NR) | Johnson County KS Unified School District No. 231 GO Bonds(Refunding-Gardner-Edgerton) Series 2023 (AA-/NR) | Johnson County KS Unified School District No. 231 GO Bonds(Refunding-Gardner-Edgerton) Series 2023 (AA-/NR) |
| 750000 | 5.000 | 10/01/30 | 837741 |
| Johnson County KS Unified School District No. 512 Shawnee Mission GO Bonds Series A (NR/Aaa)<sup>(a)</sup> | Johnson County KS Unified School District No. 512 Shawnee Mission GO Bonds Series A (NR/Aaa)<sup>(a)</sup> | Johnson County KS Unified School District No. 512 Shawnee Mission GO Bonds Series A (NR/Aaa)<sup>(a)</sup> | Johnson County KS Unified School District No. 512 Shawnee Mission GO Bonds Series A (NR/Aaa)<sup>(a)</sup> |
| 1500000 | 5.000 | 10/01/41 | 1653082 |
| 785000 | 5.000 | 10/01/42 | 855859 |
| Kansas State Development Finance Authority Revenue Bonds (Refunding-State of Kansas Project) Series C (NR/A3)<sup>(a)</sup> | Kansas State Development Finance Authority Revenue Bonds (Refunding-State of Kansas Project) Series C (NR/A3)<sup>(a)</sup> | Kansas State Development Finance Authority Revenue Bonds (Refunding-State of Kansas Project) Series C (NR/A3)<sup>(a)</sup> | Kansas State Development Finance Authority Revenue Bonds (Refunding-State of Kansas Project) Series C (NR/A3)<sup>(a)</sup> |
| 1470000 | 4.000 | 07/01/34 | 1524447 |
| Kansas State Development Finance Authority Revenue Bonds (Refunding-State of Kansas Project) Series F (A+/Aa3)<sup>(a)</sup> | Kansas State Development Finance Authority Revenue Bonds (Refunding-State of Kansas Project) Series F (A+/Aa3)<sup>(a)</sup> | Kansas State Development Finance Authority Revenue Bonds (Refunding-State of Kansas Project) Series F (A+/Aa3)<sup>(a)</sup> | Kansas State Development Finance Authority Revenue Bonds (Refunding-State of Kansas Project) Series F (A+/Aa3)<sup>(a)</sup> |
| 1895000 | 3.000 | 11/01/32 | 1899187 |
| Kansas State Development Finance Authority Revenue Bonds (University Projects) Series A (AA-/Aa3)<sup>(a)</sup> | Kansas State Development Finance Authority Revenue Bonds (University Projects) Series A (AA-/Aa3)<sup>(a)</sup> | Kansas State Development Finance Authority Revenue Bonds (University Projects) Series A (AA-/Aa3)<sup>(a)</sup> | Kansas State Development Finance Authority Revenue Bonds (University Projects) Series A (AA-/Aa3)<sup>(a)</sup> |
| 2000000 | 4.000 | 03/01/31 | 2001351 |
| Lawrence KS Hospital Revenue Bonds (Refunding) (Lawrence Memorial Hospital) Series A (BBB+/NR)<sup>(a)</sup> | Lawrence KS Hospital Revenue Bonds (Refunding) (Lawrence Memorial Hospital) Series A (BBB+/NR)<sup>(a)</sup> | Lawrence KS Hospital Revenue Bonds (Refunding) (Lawrence Memorial Hospital) Series A (BBB+/NR)<sup>(a)</sup> | Lawrence KS Hospital Revenue Bonds (Refunding) (Lawrence Memorial Hospital) Series A (BBB+/NR)<sup>(a)</sup> |
| 1715000 | 5.000 | 07/01/32 | 1794306 |
| 1335000 | 4.000 | 07/01/37 | 1342297 |
| Leavenworth County KS Unified School District No. 453 GO Bonds Series A (NR/Aa3)<sup>(a)</sup> | Leavenworth County KS Unified School District No. 453 GO Bonds Series A (NR/Aa3)<sup>(a)</sup> | Leavenworth County KS Unified School District No. 453 GO Bonds Series A (NR/Aa3)<sup>(a)</sup> | Leavenworth County KS Unified School District No. 453 GO Bonds Series A (NR/Aa3)<sup>(a)</sup> |
| 1165000 | 4.000 | 09/01/31 | 1175070 |
| Lyon County KS Unified School District No. 253 Emporia GO Bonds Series 2019 (NR/A1)<sup>(a)</sup> | Lyon County KS Unified School District No. 253 Emporia GO Bonds Series 2019 (NR/A1)<sup>(a)</sup> | Lyon County KS Unified School District No. 253 Emporia GO Bonds Series 2019 (NR/A1)<sup>(a)</sup> | Lyon County KS Unified School District No. 253 Emporia GO Bonds Series 2019 (NR/A1)<sup>(a)</sup> |
| 1050000 | 4.000 | 09/01/33 | 1066924 |
| Marion County KS Unified School District No. 410 Durham Etc GO Bonds Series 2024 (AG) (AA/NR)<sup>(a)</sup> | Marion County KS Unified School District No. 410 Durham Etc GO Bonds Series 2024 (AG) (AA/NR)<sup>(a)</sup> | Marion County KS Unified School District No. 410 Durham Etc GO Bonds Series 2024 (AG) (AA/NR)<sup>(a)</sup> | Marion County KS Unified School District No. 410 Durham Etc GO Bonds Series 2024 (AG) (AA/NR)<sup>(a)</sup> |
| 700000 | 5.000 | 09/01/36 | 790352 |
| 880000 | 5.000 | 09/01/38 | 984502 |
| 475000 | 4.000 | 09/01/39 | 490149 |
| Miami County Unified School District No. 367 Osawatomie GO Bonds Series 2025 (BAM) (AA/A3)<sup>(a)</sup> | Miami County Unified School District No. 367 Osawatomie GO Bonds Series 2025 (BAM) (AA/A3)<sup>(a)</sup> | Miami County Unified School District No. 367 Osawatomie GO Bonds Series 2025 (BAM) (AA/A3)<sup>(a)</sup> | Miami County Unified School District No. 367 Osawatomie GO Bonds Series 2025 (BAM) (AA/A3)<sup>(a)</sup> |
| 500000 | 5.250 | 09/01/39 | 557425 |
| Miami County Unified School District No. 416 GO Bonds (Refunding) Series 2020 (AA-/NR)<sup>(a)</sup> | Miami County Unified School District No. 416 GO Bonds (Refunding) Series 2020 (AA-/NR)<sup>(a)</sup> | Miami County Unified School District No. 416 GO Bonds (Refunding) Series 2020 (AA-/NR)<sup>(a)</sup> | Miami County Unified School District No. 416 GO Bonds (Refunding) Series 2020 (AA-/NR)<sup>(a)</sup> |
| 200000 | 3.000 | 09/01/39 | 184275 |
| 380000 | 3.000 | 09/01/40 | 345115 |
| 320000 | 3.000 | 09/01/41 | 284920 |
| Minneola Unified School District No. 219 GO Bonds (Refunding) Series 2023 (BAM) (AA/NR)<sup>(a)</sup> | Minneola Unified School District No. 219 GO Bonds (Refunding) Series 2023 (BAM) (AA/NR)<sup>(a)</sup> | Minneola Unified School District No. 219 GO Bonds (Refunding) Series 2023 (BAM) (AA/NR)<sup>(a)</sup> | Minneola Unified School District No. 219 GO Bonds (Refunding) Series 2023 (BAM) (AA/NR)<sup>(a)</sup> |
| 1315000 | 5.000 | 09/01/34 | 1466650 |
| Nemaha County Unified School District GO Bonds (Refunding) Series 2023 (BAM) (AA/NR)<sup>(a)</sup> | Nemaha County Unified School District GO Bonds (Refunding) Series 2023 (BAM) (AA/NR)<sup>(a)</sup> | Nemaha County Unified School District GO Bonds (Refunding) Series 2023 (BAM) (AA/NR)<sup>(a)</sup> | Nemaha County Unified School District GO Bonds (Refunding) Series 2023 (BAM) (AA/NR)<sup>(a)</sup> |
| 750000 | 5.000 | 09/01/43 | 787982 |
| Osage County KS GO Bonds (Refunding) Series A (NR/NR)<sup>(a)</sup> | Osage County KS GO Bonds (Refunding) Series A (NR/NR)<sup>(a)</sup> | Osage County KS GO Bonds (Refunding) Series A (NR/NR)<sup>(a)</sup> | Osage County KS GO Bonds (Refunding) Series A (NR/NR)<sup>(a)</sup> |
| 570000 | 3.000 | 09/01/36 | 539437 |
| 350000 | 3.000 | 09/01/38 | 315143 |
| 575000 | 3.000 | 09/01/41 | 504095 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** |
| **Kansas – (continued)** | **Kansas – (continued)** | **Kansas – (continued)** | **Kansas – (continued)** |
| Sedgwick County KS Unified School District No. 261 GO Bonds (Refunding) Series A (AG) (AA/NR)<sup>(a)</sup> | Sedgwick County KS Unified School District No. 261 GO Bonds (Refunding) Series A (AG) (AA/NR)<sup>(a)</sup> | Sedgwick County KS Unified School District No. 261 GO Bonds (Refunding) Series A (AG) (AA/NR)<sup>(a)</sup> | Sedgwick County KS Unified School District No. 261 GO Bonds (Refunding) Series A (AG) (AA/NR)<sup>(a)</sup> |
| $2170000 | 5.000% | 11/01/37 | $2461925 |
| Sedgwick County KS Unified School District No. 261 GO Bonds Series 2016 (NR/A2)<sup>(a)</sup> | Sedgwick County KS Unified School District No. 261 GO Bonds Series 2016 (NR/A2)<sup>(a)</sup> | Sedgwick County KS Unified School District No. 261 GO Bonds Series 2016 (NR/A2)<sup>(a)</sup> | Sedgwick County KS Unified School District No. 261 GO Bonds Series 2016 (NR/A2)<sup>(a)</sup> |
| 985000 | 3.000 | 11/01/32 | 985765 |
| Shawnee County KS Certificates of Participation Series 2015 (NR/Aa2)<sup>(a)</sup> | Shawnee County KS Certificates of Participation Series 2015 (NR/Aa2)<sup>(a)</sup> | Shawnee County KS Certificates of Participation Series 2015 (NR/Aa2)<sup>(a)</sup> | Shawnee County KS Certificates of Participation Series 2015 (NR/Aa2)<sup>(a)</sup> |
| 485000 | 4.000 | 09/01/30 | 485505 |
| 1000000 | 4.000 | 09/01/31 | 1000986 |
| 1065000 | 5.000 | 09/01/32 | 1067160 |
| Shawnee County KS Public Building Commission Revenue Bond (Expocentre Project) Series 2018 (NR/Aa1)<sup>(a)</sup> | Shawnee County KS Public Building Commission Revenue Bond (Expocentre Project) Series 2018 (NR/Aa1)<sup>(a)</sup> | Shawnee County KS Public Building Commission Revenue Bond (Expocentre Project) Series 2018 (NR/Aa1)<sup>(a)</sup> | Shawnee County KS Public Building Commission Revenue Bond (Expocentre Project) Series 2018 (NR/Aa1)<sup>(a)</sup> |
| 300000 | 4.000 | 09/01/29 | 306675 |
| 650000 | 4.000 | 09/01/30 | 664792 |
| Shawnee County KS Unified School District No. 437 GO Bonds (Refunding) Series 2022 (NR/Aa2)<sup>(a)</sup> | Shawnee County KS Unified School District No. 437 GO Bonds (Refunding) Series 2022 (NR/Aa2)<sup>(a)</sup> | Shawnee County KS Unified School District No. 437 GO Bonds (Refunding) Series 2022 (NR/Aa2)<sup>(a)</sup> | Shawnee County KS Unified School District No. 437 GO Bonds (Refunding) Series 2022 (NR/Aa2)<sup>(a)</sup> |
| 1400000 | 5.000 | 09/01/39 | 1544714 |
| Shawnee County KS Unified School District No. 437 GO Bonds Series 2024 (AAA/Aa2)<sup>(a)</sup> | Shawnee County KS Unified School District No. 437 GO Bonds Series 2024 (AAA/Aa2)<sup>(a)</sup> | Shawnee County KS Unified School District No. 437 GO Bonds Series 2024 (AAA/Aa2)<sup>(a)</sup> | Shawnee County KS Unified School District No. 437 GO Bonds Series 2024 (AAA/Aa2)<sup>(a)</sup> |
| 1000000 | 5.000 | 09/01/36 | 1152942 |
| 750000 | 5.000 | 09/01/37 | 861255 |
| State of Kansas Department of Transportation High Way Revenue Bonds Series A (AA/Aa2)<sup>(a)</sup> | State of Kansas Department of Transportation High Way Revenue Bonds Series A (AA/Aa2)<sup>(a)</sup> | State of Kansas Department of Transportation High Way Revenue Bonds Series A (AA/Aa2)<sup>(a)</sup> | State of Kansas Department of Transportation High Way Revenue Bonds Series A (AA/Aa2)<sup>(a)</sup> |
| 1250000 | 5.000 | 09/01/32 | 1299577 |
| Topeka KS Washburn University Revenue Bonds (Refunding) Series 2021 A-2 (AG) (AA/A1) | Topeka KS Washburn University Revenue Bonds (Refunding) Series 2021 A-2 (AG) (AA/A1) | Topeka KS Washburn University Revenue Bonds (Refunding) Series 2021 A-2 (AG) (AA/A1) | Topeka KS Washburn University Revenue Bonds (Refunding) Series 2021 A-2 (AG) (AA/A1) |
| 555000 | 4.000 | 07/01/29 | 577174 |
| Topeka KS Washburn University Revenue Bonds (Refunding) Series 2026 (BAM) (AA/A1)<sup>(a)</sup> | Topeka KS Washburn University Revenue Bonds (Refunding) Series 2026 (BAM) (AA/A1)<sup>(a)</sup> | Topeka KS Washburn University Revenue Bonds (Refunding) Series 2026 (BAM) (AA/A1)<sup>(a)</sup> | Topeka KS Washburn University Revenue Bonds (Refunding) Series 2026 (BAM) (AA/A1)<sup>(a)</sup> |
| 1155000 | 5.000 | 07/01/37 | 1326907 |
| University of Kansas Hospital Authority (Health Facilities) Revenue Bonds Series 2015 (AA-/NR)<sup>(a)</sup> | University of Kansas Hospital Authority (Health Facilities) Revenue Bonds Series 2015 (AA-/NR)<sup>(a)</sup> | University of Kansas Hospital Authority (Health Facilities) Revenue Bonds Series 2015 (AA-/NR)<sup>(a)</sup> | University of Kansas Hospital Authority (Health Facilities) Revenue Bonds Series 2015 (AA-/NR)<sup>(a)</sup> |
| 2000000 | 5.000 | 09/01/45 | 2000592 |
| University of Kansas Hospital Authority (Health Facilities) Revenue Bonds Series A (AA-/NR)<sup>(a)</sup> | University of Kansas Hospital Authority (Health Facilities) Revenue Bonds Series A (AA-/NR)<sup>(a)</sup> | University of Kansas Hospital Authority (Health Facilities) Revenue Bonds Series A (AA-/NR)<sup>(a)</sup> | University of Kansas Hospital Authority (Health Facilities) Revenue Bonds Series A (AA-/NR)<sup>(a)</sup> |
| 1930000 | 5.000 | 09/01/48 | 1948491 |
| Wabaunsee County Unified School District No. 330 Mission Valley GO Bonds Series 2022 (BAM) (AA/NR)<sup>(a)</sup> | Wabaunsee County Unified School District No. 330 Mission Valley GO Bonds Series 2022 (BAM) (AA/NR)<sup>(a)</sup> | Wabaunsee County Unified School District No. 330 Mission Valley GO Bonds Series 2022 (BAM) (AA/NR)<sup>(a)</sup> | Wabaunsee County Unified School District No. 330 Mission Valley GO Bonds Series 2022 (BAM) (AA/NR)<sup>(a)</sup> |
| 1000000 | 5.500 | 09/01/42 | 1085743 |
| Wichita City KS Revenue Bonds (Market Center Apartments) Series 2025 (NR/Aa1)<sup>(a)(b)(c)</sup> | Wichita City KS Revenue Bonds (Market Center Apartments) Series 2025 (NR/Aa1)<sup>(a)(b)(c)</sup> | Wichita City KS Revenue Bonds (Market Center Apartments) Series 2025 (NR/Aa1)<sup>(a)(b)(c)</sup> | Wichita City KS Revenue Bonds (Market Center Apartments) Series 2025 (NR/Aa1)<sup>(a)(b)(c)</sup> |
| 2000000 | 3.150 | 02/01/30 | 2015089 |
| Wichita KS GO Bonds (AMT-Airport) Series 2015 (AAA/Aa2)<sup>(a)</sup> | Wichita KS GO Bonds (AMT-Airport) Series 2015 (AAA/Aa2)<sup>(a)</sup> | Wichita KS GO Bonds (AMT-Airport) Series 2015 (AAA/Aa2)<sup>(a)</sup> | Wichita KS GO Bonds (AMT-Airport) Series 2015 (AAA/Aa2)<sup>(a)</sup> |
| 2365000 | 5.000 | 12/01/35 | 2368589 |
| Wichita KS Sales Tax Special Obligation Revenue Bonds (River District Stadium Star Bond Project) Series 2018 (NR/A1)<sup>(a)</sup> | Wichita KS Sales Tax Special Obligation Revenue Bonds (River District Stadium Star Bond Project) Series 2018 (NR/A1)<sup>(a)</sup> | Wichita KS Sales Tax Special Obligation Revenue Bonds (River District Stadium Star Bond Project) Series 2018 (NR/A1)<sup>(a)</sup> | Wichita KS Sales Tax Special Obligation Revenue Bonds (River District Stadium Star Bond Project) Series 2018 (NR/A1)<sup>(a)</sup> |
| 1000000 | 5.000 | 09/01/32 | 1034992 |
| Wyandotte County Kansas City KS Unified Government Utility System Revenue Bonds (Refunding & Improvement) Series A (A/A2)<sup>(a)</sup> | Wyandotte County Kansas City KS Unified Government Utility System Revenue Bonds (Refunding & Improvement) Series A (A/A2)<sup>(a)</sup> | Wyandotte County Kansas City KS Unified Government Utility System Revenue Bonds (Refunding & Improvement) Series A (A/A2)<sup>(a)</sup> | Wyandotte County Kansas City KS Unified Government Utility System Revenue Bonds (Refunding & Improvement) Series A (A/A2)<sup>(a)</sup> |
| 1000000 | 5.000 | 09/01/26 | 1003372 |
| 1000000 | 4.250 | 09/01/39 | 1000066 |
| Wyandotte County Unified School District No. 203 Piper GO (Refunding) Series A (AG) (AA/NR)<sup>(a)</sup> | Wyandotte County Unified School District No. 203 Piper GO (Refunding) Series A (AG) (AA/NR)<sup>(a)</sup> | Wyandotte County Unified School District No. 203 Piper GO (Refunding) Series A (AG) (AA/NR)<sup>(a)</sup> | Wyandotte County Unified School District No. 203 Piper GO (Refunding) Series A (AG) (AA/NR)<sup>(a)</sup> |
| 525000 | 5.000 | 09/01/40 | 569116 |

---

------

THE KANSAS TAX-FREE INTERMEDIATE BOND FUND

*January 31, 2026 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** |
| **Kansas – (continued)** | **Kansas – (continued)** | **Kansas – (continued)** | **Kansas – (continued)** |
| Wyandotte County Unified School District No. 500 Kansas City GO Bonds Series 2025 (BAM) (AA/A1)<sup>(a)</sup> | Wyandotte County Unified School District No. 500 Kansas City GO Bonds Series 2025 (BAM) (AA/A1)<sup>(a)</sup> | Wyandotte County Unified School District No. 500 Kansas City GO Bonds Series 2025 (BAM) (AA/A1)<sup>(a)</sup> | Wyandotte County Unified School District No. 500 Kansas City GO Bonds Series 2025 (BAM) (AA/A1)<sup>(a)</sup> |
| $1500000 | 5.000% | 09/01/46 | $1568302 |
|  |  |  | 97350334 |
| **Ohio<sup>(a)</sup> – 0.9%** | **Ohio<sup>(a)</sup> – 0.9%** | **Ohio<sup>(a)</sup> – 0.9%** | **Ohio<sup>(a)</sup> – 0.9%** |
| Elyria OH Library Improvement Revenue Bonds Series 2018 (A+/NR) | Elyria OH Library Improvement Revenue Bonds Series 2018 (A+/NR) | Elyria OH Library Improvement Revenue Bonds Series 2018 (A+/NR) | Elyria OH Library Improvement Revenue Bonds Series 2018 (A+/NR) |
| 1000000 | 4.000 | 12/01/42 | 971795 |
| **Texas<sup>(a)</sup> – 1.7%** | **Texas<sup>(a)</sup> – 1.7%** | **Texas<sup>(a)</sup> – 1.7%** | **Texas<sup>(a)</sup> – 1.7%** |
| Arlington Higher Education Finance Corp. Revenue Bonds (Trinity Basin Preparatory, Inc.) Series 2023 (PSF-GTD) (AAA/NR) | Arlington Higher Education Finance Corp. Revenue Bonds (Trinity Basin Preparatory, Inc.) Series 2023 (PSF-GTD) (AAA/NR) | Arlington Higher Education Finance Corp. Revenue Bonds (Trinity Basin Preparatory, Inc.) Series 2023 (PSF-GTD) (AAA/NR) | Arlington Higher Education Finance Corp. Revenue Bonds (Trinity Basin Preparatory, Inc.) Series 2023 (PSF-GTD) (AAA/NR) |
| 625000 | 5.000 | 08/15/38 | 695917 |
| Sabine-Neches Navigation District GO Bonds Series 2022 (Sabine - Neches Waterway Project) (NR/Aa2) | Sabine-Neches Navigation District GO Bonds Series 2022 (Sabine - Neches Waterway Project) (NR/Aa2) | Sabine-Neches Navigation District GO Bonds Series 2022 (Sabine - Neches Waterway Project) (NR/Aa2) | Sabine-Neches Navigation District GO Bonds Series 2022 (Sabine - Neches Waterway Project) (NR/Aa2) |
| 500000 | 5.250 | 02/15/38 | 549397 |
| 500000 | 5.250 | 02/15/39 | 546832 |
|  |  |  | 1792146 |
| **Wisconsin<sup>(a)</sup> – 0.5%** | **Wisconsin<sup>(a)</sup> – 0.5%** | **Wisconsin<sup>(a)</sup> – 0.5%** | **Wisconsin<sup>(a)</sup> – 0.5%** |
| Wisconsin Health & Educational Facilities Authority Revenue Bonds Series 2022 (A+/A2) | Wisconsin Health & Educational Facilities Authority Revenue Bonds Series 2022 (A+/A2) | Wisconsin Health & Educational Facilities Authority Revenue Bonds Series 2022 (A+/A2) | Wisconsin Health & Educational Facilities Authority Revenue Bonds Series 2022 (A+/A2) |
| 500000 | 5.000 | 12/01/38 | 553769 |
| **TOTAL MUNICIPAL BOND OBLIGATIONS<br>(Cost $108,232,943)** | **TOTAL MUNICIPAL BOND OBLIGATIONS<br>(Cost $108,232,943)** | **TOTAL MUNICIPAL BOND OBLIGATIONS<br>(Cost $108,232,943)** | $108598862 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Dividend<br>Rate** | **Value** |
| **Investment Company – 0.7%** | **Investment Company – 0.7%** | **Investment Company – 0.7%** |
| State Street Institutional US Government Money Market Fund - Premier Class | State Street Institutional US Government Money Market Fund - Premier Class | State Street Institutional US Government Money Market Fund - Premier Class |
| 717532 | 3.650% | $717532 |
| **(Cost $717,532)** | **(Cost $717,532)** |  |
| **TOTAL INVESTMENTS – 102.7%<br>(Cost $108,950,475)** | **TOTAL INVESTMENTS – 102.7%<br>(Cost $108,950,475)** | $109316394 |
|  **LIABILITIES IN EXCESS OF<br>OTHER ASSETS – (2.7)%** | **LIABILITIES IN EXCESS OF<br>OTHER ASSETS – (2.7)%** | (2873250) |
| **NET ASSETS – 100.0%** | **NET ASSETS – 100.0%** | $106443144 |

---

---

| | |
|:---|:---|
| The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets. | The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets. |
| (a) | Security with "Call" features with resetting interest rates. |
| (b) | Variable rate security. The interest rate shown reflects the rate as of January 31, 2026. |
| (c) | Rate shown is that which is in effect on January 31, 2026. 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. |

---

 <br> Security ratings disclosed, if any, are issued by Standard & Poor's Ratings Services/Moody's Investors Service and are unaudited. A description of the ratings is available in the Fund's Statement of Additional Information.

---

| | |
|:---|:---|
| **Investment Abbreviations:** | **Investment Abbreviations:** |
| AMT | — Alternative Minimum Tax |
| GO | — General Obligation |
| NR | — Not Rated |
| PSF-GTD | — Guaranteed by Permanent School Fund |

---

------

THE COMMERCE FUNDS

## Schedule of Investments
*January 31, 2026 (Unaudited)* 

**NOTES TO THE SCHEDULE OF INVESTMENTS** 

**Investment Valuation —** The Funds' valuation policy is to value investments at fair value.

**Investments and Fair Value Measurements —** U.S. GAAP defines the fair value of a financial instrument as the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (i.e., the exit price); the Funds' policy is to use the market approach. GAAP establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The level in the fair value hierarchy within which the fair value measurement in its entirety falls shall be determined based on the lowest level input that is significant to the fair value measurement in its entirety. The levels used for classifying investments are not necessarily an indication of the risk associated with investing in these investments. The three levels of the fair value hierarchy are described below:

Level 1 — Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities;

Level 2 — Quoted prices in markets that are not active or financial instruments for which significant inputs are observable (including, but not limited to, quoted prices for similar investments, interest rates, prepayment speeds and credit risk), either directly or indirectly;

Level 3 — Prices or valuations that require significant unobservable inputs (including the Adviser's assumptions in determining fair value measurement).

Commerce is subject to the Trust's Board of Trustees oversight and certain reporting and other requirements, which are intended to provide the Trust's Board of Trustees with the information needed to oversee Commerce's fair value determinations. The Trust's Board of Trustees has approved valuation procedures ("Valuation Procedures") that govern the valuation of the portfolio investments held by the Funds, including investments for which market quotations are not readily available. The Board of Trustees has designated Commerce as the "valuation designee" to make all necessary determinations of fair value for portfolio investments for which market quotations are not readily available. Commerce has established a valuation committee ("Valuation Committee") to undertake the day-to-day responsibility for implementing, performing and maintaining internal controls and procedures related to the valuation of the Funds' portfolio investments. To assess the continuing appropriateness of pricing sources and methodologies, the Valuation Committee regularly performs price verifications and issues challenges as necessary to third party pricing vendors or brokers, and any differences are reviewed in accordance with the Valuation Procedures.

**A. Level 1 and Level 2 Fair Value Investments —** The valuation techniques and significant inputs used in determining the fair values for investments classified as Level 1 and Level 2 are as follows:

**Equity Securities** — Equity securities traded on a U.S. securities exchange or the NASDAQ system, or those located on certain foreign exchanges, including but not limited to the Americas, are valued daily at their last sale price or official closing price on the principal exchange or system on which they are traded. If there is no sale or official closing price or such price is believed by the Adviser to not represent fair value, equity securities may be valued at the closing bid price. To the extent these investments are actively traded, they are classified as Level 1 of the fair value hierarchy, otherwise they are generally classified as Level 2. Certain equity securities containing unique attributes may be classified as Level 2.

Unlisted equity securities for which market quotations are available are valued at the last sale price on the valuation date, or if no sale occurs, at the last bid price, and are generally classified as Level 2. To the extent these investments are actively traded, they are classified as Level 1 of the fair value hierarchy, otherwise they are generally classified as Level 2. Certain equity securities containing unique attributes may be classified as Level 2.

**Underlying Funds (including Money Market Funds)** — Underlying Funds ("Underlying Funds") include other investment companies in which the Funds may invest. Investments in the Underlying Funds are valued at the NAV per share on the day of valuation. Because the Funds may invest in Underlying Funds that fluctuate in value, the Funds' shares will correspondingly fluctuate in value. To the extent these investments have a readily determinable fair value, they are classified as Level 1 of the fair value hierarchy. For information regarding an Underlying Fund's accounting policies and investment holdings, please see the Underlying Fund's shareholder report.

------

THE COMMERCE FUNDS

## Schedule of Investments (continued)
*January 31, 2026 (Unaudited)* 

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

**Debt Securities** — Debt securities for which market quotations are readily available are valued daily on the basis of quotations furnished by an independent pricing service or provided by securities dealers. The pricing services may use valuation models or matrix pricing, which consider yield or price with respect to comparable bonds, quotations from bond dealers or by reference to other securities that are considered comparable in characteristics such as rating, interest rate and maturity date, to determine current value. With the exception of treasury securities of G7 countries, which are generally classified as Level 1, these investments are generally classified as Level 2 of the fair value hierarchy.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**i. Mortgage-Backed and Asset-Backed Securities** — Mortgage-backed securities represent direct or indirect participations in, or are collateralized by and payable from, mortgage loans secured by residential and/or commercial real estate property. Asset-backed securities include securities whose principal and interest payments are collateralized by pools of other assets or receivables. The value of certain mortgage-backed and asset-backed securities (including adjustable rate mortgage loans) may be particularly sensitive to changes in prevailing interest rates. The value of these securities may also fluctuate in response to the market's perception of the creditworthiness of the issuers.

Asset-backed securities may present credit risks that are not presented by mortgage-backed securities because they generally do not have the benefit of a security interest in collateral that is comparable to mortgage assets. Some asset-backed securities may only have a subordinated claim on collateral.

Collateralized mortgage-backed securities ("CMOs") may exhibit even more price volatility and interest rate risk than other mortgage-backed securities. They may lose liquidity as CMO market makers may choose not to repurchase, or may offer prices, based on current market conditions, that are unacceptable to a Fund based on the Adviser's or Valuation Committee's analysis of the market value of the security.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**ii. Treasury Inflation Indexed Securities** —These are treasury securities in which the principal amount is adjusted daily to keep pace with inflation, as measured by the U.S. Consumer Pricing Index for Urban Consumers. The repayment of the original bond principal upon maturity is guaranteed by the full faith and credit of the U.S. Government. The value of U.S. Treasury inflation protected public obligations will generally fluctuate in response to changes in real interest rates, generally decreasing when real interest rates rise and increasing when real interest rates fall. Inflation-protected bonds typically have lower yields than conventional fixed-rate bonds because of their inflation adjustment feature.

There is no collateral held as of January 31, 2026.

**Short Term Investments** — Short-term investments, except for Government obligations, having a maturity of 60 days or less are generally valued at amortized cost, which approximates fair market value. Government obligations maturing in less than 60 days shall be valued at their market price. With the exception of treasury securities, which are generally classified as Level 1, these investments are classified as Level 2 of the fair value hierarchy.

**B. Level 3 Fair Value Investments** — The valuation techniques and significant inputs used in determining the fair values for investments classified as Level 3 are as follows:

To the extent that the aforementioned significant inputs are unobservable, or if quotations are not readily available, or if Commerce, or the Valuation Committee on its behalf, believes that such quotations do not accurately reflect fair value, the fair value of a Fund's investments may be determined under valuation procedures approved by the Board. Commerce, consistent with the Funds' procedures and applicable regulatory guidance, may make an adjustment to the most recent valuation prices of either domestic or foreign securities in light of significant events to reflect what it believes to be the fair value of the securities at the time of determining a Fund's NAV. Significant events that could affect a large number of securities in a particular market may include, but are not limited to: significant fluctuations in U.S. or foreign markets; market dislocations; market disruptions; or unscheduled market closings. Significant events that could also affect a single issuer may include, but are not limited to: corporate actions such as reorganizations, mergers and buyouts; ratings downgrades; and bankruptcies.

**C. Fair Value Hierarchy** — The following is a summary of the Funds' investments classified in the fair value hierarchy as of January 31, 2026:

---

| | | | |
|:---|:---|:---|:---|
| **GROWTH**<br> **Investment Type** | **Level 1** | **Level 2** | **Level 3** |
|  **Assets** |  |  |  |
|  Common Stock and/or Other Equity Investments | $195095951 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
|  Exchange Traded Fund | 4508066 |  |  |
|  Investment Company | 19924 |  |  |
|  **Total** | $199623941 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |

---

------

THE COMMERCE FUNDS

*January 31, 2026 (Unaudited)* 

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

---

| | | | |
|:---|:---|:---|:---|
| **VALUE**<br> **Investment Type** | **Level 1** | **Level 2** | **Level 3** |
|  **Assets** |  |  |  |
|  Common Stock and/or Other Equity Investments | $235770056 | $— | $— |
|  Exchange Traded Fund | 3442348 |  |  |
|  Investment Company | 356187 |  |  |
|  **Total** | $239568591 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| **MIDCAP GROWTH**<br> **Investment Type** | **Level 1** | **Level 2** | **Level 3** |
|  **Assets** |  |  |  |
|  Common Stock and/or Other Equity Investments | $134335080 | $— | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
|  Exchange Traded Fund | 793010 |  |  |
|  Investment Company | 300788 |  |  |
|  **Total** | $135428878 | $— | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| **MIDCAP VALUE**<br> **Investment Type** | **Level 1** | **Level 2** | **Level 3** |
|  **Assets** |  |  |  |
|  Common Stock and/or Other Equity Investments | $34216117 | $— | $— |
|  Exchange Traded Fund | 1028720 |  |  |
|  Investment Company | 205290 |  |  |
|  **Total** | $35450127 | $— | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| **BOND**<br> **Investment Type** | **Level 1** | **Level 2** | **Level 3** |
|  **Assets** |  |  |  |
|  Fixed Income |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Asset-Backed Securities | $— | $126474427 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; Municipal Bond Obligations |  | 81565309 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortgage-Backed Obligations |  | 332931837 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Corporate Obligations |  | 444603111 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Obligations and/or Other U.S. Government Agencies | 234363845 | 4835447 |  |
|  Investment Company | 14077618 |  |  |
|  Exchange Traded Fund | 2533500 |  |  |
|  **Total** | $250974963 | $990410131 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| **SHORT-TERM GOVERNMENT**<br> **Investment Type** | **Level 1** | **Level 2** | **Level 3** |
|  **Assets** |  |  |  |
|  Fixed Income |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Asset-Backed Securities | $— | $252182 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortgage-Backed Obligations |  | 14,,575256 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Obligations and/or Other U.S. Government Agencies | 13111172 | 503264 |  |
|  Investment Company | 1712994 |  |  |
|  **Total** | $14824166 | $15330702 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| **NATIONAL TAX-FREE INTERMEDIATE BOND**<br> **Investment Type** | **Level 1** | **Level 2** | **Level 3** |
|  **Assets** |  |  |  |
|  Fixed Income |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Municipal Bond Obligations | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $349229119 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
|  Investment Company | 8913215 |  |  |
|  **Total** | $8913215 | $349229119 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |

---

------

THE COMMERCE FUNDS

*January 31, 2026 (Unaudited)* 

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

---

| | | | |
|:---|:---|:---|:---|
| **MISSOURI TAX-FREE INTERMEDIATE BOND**<br> **Investment Type** | **Level 1** | **Level 2** | **Level 3** |
|  **Assets** |  |  |  |
|  Fixed Income |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Municipal Bond Obligations | $— | $230501644 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
|  Investment Company | 4701215 |  |  |
|  **Total** | $4701215 | $230501644 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| **KANSAS TAX-FREE INTERMEDIATE BOND**<br> **Investment Type** | **Level 1** | **Level 2** | **Level 3** |
|  **Assets** |  |  |  |
|  Fixed Income |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Municipal Bond Obligations | $— | $108598862 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
|  Investment Company | 717532 |  |  |
|  **Total** | $717532 | $108598862 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |

---

For further information regarding security characteristics, see the Schedules of Investments.

The Funds' risks include, but are not limited to, the following:

**Credit Risk** — The Bond Fund, The Short-Term Government Fund, The National Tax-Free Intermediate Bond Fund, The Missouri Tax-Free Intermediate Bond Fund and The Kansas Tax-Free Intermediate Bond Fund, together (the "Fixed Income Funds"), are subject to credit risks because an issuer or guarantor of a fixed income security may be unable or unwilling to make interest and principal payments when due. A bond's value could decline because of concerns about an issuer's ability or willingness to make such payments.

**High Yield Risk** — The Bond Fund and the National, Missouri and Kansas Tax-Free Intermediate Bond Funds are subject to high yield risk. High yield securities are subject to greater levels of credit and liquidity risk. High yield securities are considered speculative with respect to an issuer's ability to make principal and interest payments and may be more volatile than higher-rated securities of similar maturity.

**Interest Rate Risk** — The Fixed Income Funds are subject to interest rate risks. Interest rate risk is the risk that the value of the Fund's portfolio will decline when interest rates rise. The magnitude of this decline will often be greater for longer-term, fixed-income securities than shorter-term securities. A general rise in interest rates has the potential to cause investors to move out of fixed-income securities on a large scale, which may increase redemptions from funds that hold large amounts of fixed-income securities. Heavy redemptions could cause the Funds to sell assets at inopportune time or at a loss or depressed value and could hurt the Funds' performance.

**Investment Companies Risk**— ****The Funds may invest, consistent with their respective investment objectives and strategies, in securities of other investment companies subject to statutory limitations prescribed by the Act. These limitations include a prohibition on any Fund acquiring more than 3% of the voting shares of any other investment company, and a prohibition on investing more than 5% of the Fund's total assets in securities of any one investment company or more than 10% of its total assets in securities of all investment companies (except money market funds). The Funds will indirectly bear their proportionate share of any management fees and other expenses paid by such other investment companies.

------

THE COMMERCE FUNDS

*January 31, 2026 (Unaudited)* 

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

**Liquidity Risk** — The Fixed Income Funds are subject to liquidity risk. Each Fixed Income Fund may not be able to pay redemption proceeds within the time periods described in the Funds' prospectus because of unusual market conditions, an unusually high number of redemption requests or other reasons. Liquidity risk may result from the lack of an active market or reduced number and capacity of traditional market participants to make a market in fixed income securities, and may be magnified in a rising interest rate environment or other circumstances where investor redemptions from fixed income mutual funds may be higher than normal, causing increased supply in the market due to selling activity. Certain portfolio securities held by the Fixed Income Funds may be less liquid than others, which may make those securities difficult or impossible to sell at an advantageous time or price.

**Market Risk** — General economic conditions and/or the activities of individual companies may cause the value of the securities in a Fund to increase or decrease, sometimes rapidly or unpredictably. Your shares at redemption may be worth more or less than your initial investment. The value of a security may decline due to general market conditions that are not specifically related to a particular company, such as real or perceived adverse economic conditions, changes in the general outlook for corporate earnings, changes in interest or currency rates, adverse changes to credit markets or adverse investor sentiment generally. The value of a security may also decline due to factors that affect a particular industry or industries such as labor shortages or increased production costs and competitive conditions within an industry. During a general downturn in the securities markets, multiple asset classes may decline in value simultaneously. Equity securities generally have greater price volatility than fixed income securities.

Credit ratings downgrades may also negatively affect securities held by a Fund. Even when markets perform well, there is no assurance that the investments held by a Fund will increase in value along with the broader market. In addition, market risk includes the risk that geopolitical events will disrupt the economy on a national or global level. For instance, local or regional events such as financial institution failures, war, terrorism, market manipulation, government defaults, government shutdowns, natural/environmental disasters, the spread of infectious illness (including epidemics or pandemics) or other public health issues, recessions or other events can, all negatively impact the securities markets, which could cause the Funds to lose value. Any market disruptions could also prevent a Fund from executing advantageous investment decisions in a timely manner. Funds that have focused their investments in a region enduring geopolitical market disruption will face higher risks of loss. Thus, investors should closely monitor current market conditions to determine whether a specific Fund meets their individual financial needs and tolerance for risk.

**Mid-Cap and Small-Cap Risk** — The Growth, Value, MidCap Growth and MidCap Value Funds are subject to the risks associated with investing in equity securities of mid-cap companies. The MidCap Growth and MidCap Value Funds are also subject to the risks of investing in small-cap companies. Investing in securities of smaller and mid-sized companies may be riskier than investing in larger, more established companies. Smaller and mid-sized companies are more vulnerable to adverse developments because of more limited product lines, markets or financial resources. Also, these stocks may trade less often and in limited volume compared to larger cap stocks trading on a national securities exchange. The prices of these stocks may be more volatile than the prices of larger company stocks. As a result, a Fund's NAV may be subject to rapid and substantial changes.

**Non-Diversified Risk** — The Growth Fund is classified as a non-diversified fund under the Act. Non-diversified funds typically hold fewer securities than diversified funds do. Consequently, the change in value of any one security may affect the overall value of a non-diversified portfolio more than it would a diversified portfolio. In addition, a non-diversified portfolio may be more susceptible to economic, political and regulatory developments than a diversified investment portfolio with similar objectives.

------

THE COMMERCE FUNDS

*January 31, 2026 (Unaudited)* 

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

**Portfolio Concentration Risk** — Under normal circumstances, the National Tax-Free Intermediate Bond Fund invests at least 80% of net assets plus any borrowings for investments purposes (measured at the time of purchase) in municipal bonds issued by or on behalf of the states, territories and possessions (such as Puerto Rico, the U.S. Virgin Islands and Guam) of the United States, the District of Columbia and their respective authorities, agencies, instrumentalities and political subdivisions, the income from which, in the opinion of bond counsel, is exempt from regular federal income and federal alternative minimum taxes. Alternatively, at least 80% of the Fund's distributed income must be exempt from such taxes. The Missouri Tax-Free Intermediate Bond and Kansas Tax-Free Intermediate Bond Funds invest a large percentage of their assets in obligations of issuers within Missouri and Kansas, respectively. Therefore, they are subject to possible concentration risks associated with economic, political or legal developments or industrial or regional matters specifically affecting those states.

Under normal market conditions, The Missouri Tax-Free Intermediate Bond Fund and The Kansas Tax-Free Intermediate Bond Fund invest at least 80% of their assets plus any borrowings for investment purposes (measured at the time of purchase) in Missouri and Kansas municipal securities, respectively, the income from which, in the opinion of bond counsel, is exempt from regular federal income tax, federal alternative minimum taxes and Missouri and Kansas state taxes, respectively. Alternatively, at least 80% of such Fund's distributed income must be exempt from such taxes. For each of the Missouri and Kansas Tax-Free Funds, the actual payment of principal and interest on Missouri and Kansas municipal securities is dependent on the Missouri General Assembly and the Kansas legislature, respectively, allotting money each fiscal year for these payments.

The investments of The Growth and MidCap Growth Funds may invest a significant amount of their assets in securities of technology companies. At times, securities of technology companies may experience significant price fluctuations. TheValue Fund's and MidCap Value Fund's performance may be adversely affected by events affecting the financial sectors, if it invests a relatively large percentage of its assets in those sectors. The financial sectors can be significantly affected by changes in interest rates, government regulation, the rate of corporate and consumer debt defaulted, price competition, and the availability and cost of capital. The MidCap Growth and the MidCap Value Funds concentrate in mid-cap stocks. Investing in smaller and mid-sized companies may be riskier than investing in larger, more established companies.

The Bond Fund may invest up to 80% of its total assets in mortgage-backed and asset-backed securities. The Short-Term Government Fund invests at least 80% of its net assets in securities issued or guaranteed by the U.S. Government, its agencies or instrumentalities and government mortgage-backed securities and may also purchase other mortgage-backed and asset-backed securities sold by private issuers. Mortgage-backed securities, especially collateralized mortgage-backed securities, may be subject to risks that include price volatility, liquidity, and enhanced sensitivity to interest rates, and greater risk of default during periods of economic downturns than other securities. Mortgage-backed securities are also subject to prepayment risk, which may result in a decreased rate of return and a decline in the value of the securities. Asset-backed securities are dependent upon payment of the underlying consumer loans or receivables by individuals, and the certificate holder frequently has no recourse against the entity that originated the loans or receivables. Asset backed securities have a greater risk of default during periods of economic downturn than other securities. Also, asset-backed securities may be less liquid than other securities and therefore more difficult to value and liquidate, if necessary.

**Quantitative Model Risk** — The Growth, Value, MidCap Growth and MidCap Value Funds are subject to the risk that securities selected using quantitative models may perform differently from the market as a whole for many reasons, including the factors used in building the model and the weights placed on each factor, technology malfunctions or programming flaws, among others. Results generated by such models may be impaired by errors in human judgement, data imprecision, software or other technology system malfunctions. The quantitative models used by the Adviser to manage The Growth, Value, MidCap Growth and MidCap Value Funds may not perform as expected, particularly in volatile markets.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

- **b. Investment Company Act file number:** 811-08598

- **c. CIK number of Registrant:** 0000926243

- **d. LEI of Registrant:** 5493008VDCPHK1O3IK55

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

  - **Street Address 1:** 1000 Walnut Street, Suite 1580

  - **City:** KANSAS CITY

  - **State:** MO

  - **Foreign country:** US

  - **Zip / Postal Code:** 64106-1809

  - **Telephone number:** 1-800-995-6365

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

- **a. Name of Series:** The Missouri Tax-Free Intermediate Bond Fund

- **b. EDGAR series identifier (if any):** S000010023

- **c. LEI of Series:** 549300UQVTZC2TK50S10

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

- **a. Date of fiscal year-end:** 2026-10-31

- **b. Date as of which information is reported:** 2026-01-31

**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:** $238546117.03

**Total Liabilities:** $3888511.45

**Net Assets:** $234657605.58

**Delayed Delivery Securities:** $3051152.65

**Cash Not Reported:** $70000.00

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -502.15000000 | **1-Year:** -10005.18000000 | **5-Year:** -42259.59000000 | **10-Year:** -60872.47000000 | **30-Year:** -5785.91000000

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

- **3-Month:** -3.69000000 | **1-Year:** -315.46000000 | **5-Year:** -1031.34000000 | **10-Year:** -905.78000000 | **30-Year:** -44.95000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000027715 | 0.37%                | 0.21%                | 0.80%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $344298.54                                 |
| Month 2  | $0.00                    | $27834.21                                  |
| Month 3  | $0.00                    | $1252671.00                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Andrew County Reorganized School District No 3                                   | ANDREW CNTY MO #R-III SCH DIST LEASE COPS SAVANNAH           | CUSIP: 03442MCC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1995168.80   | 0.85%             | 2043-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | ARIZONA ST INDL DEV AUTH NATIONAL CHRT SCH REVOLVING LOAN FD | CUSIP: 04052FDN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2680000 | PA      | $2612527.25   | 1.11%             | 2040-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Arnold MO                                                                | ARNOLD MO COPS                                               | CUSIP: 042597CZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    760000 | PA      | $772370.75    | 0.33%             | 2028-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Arnold MO                                                                | ARNOLD MO COPS                                               | CUSIP: 042597DB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    825000 | PA      | $837932.37    | 0.36%             | 2030-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Arnold MO                                                                | ARNOLD MO COPS                                               | CUSIP: 042597DC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    555000 | PA      | $563193.30    | 0.24%             | 2031-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Barry MO                                                               | BARRY CNTY MO COPS                                           | CUSIP: 06882PAG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    640000 | PA      | $676625.22    | 0.29%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Barry MO                                                               | BARRY CNTY MO COPS                                           | CUSIP: 06882PAH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    670000 | PA      | $714739.45    | 0.30%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Barry MO                                                               | BARRY CNTY MO COPS                                           | CUSIP: 06882PAJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    705000 | PA      | $756091.07    | 0.32%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Barry MO                                                               | BARRY CNTY MO COPS                                           | CUSIP: 06882PAK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    740000 | PA      | $800460.37    | 0.34%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Blue Springs MO                                                          | BLUE SPRINGS MO                                              | CUSIP: 096045HS1<br>LEI: 5493006R0DSVD8VESU58 | Long             | DBT              | MUN               | US        |    750000 | PA      | $864633.68    | 0.37%             | 2037-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Blue Springs MO                                                          | BLUE SPRINGS MO                                              | CUSIP: 096045HT9<br>LEI: 5493006R0DSVD8VESU58 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1720571.55   | 0.73%             | 2038-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Blue Springs MO                                                          | BLUE SPRINGS MO                                              | CUSIP: 096045HU6<br>LEI: 5493006R0DSVD8VESU58 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1140266.20   | 0.49%             | 2039-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Blue Springs MO                                                          | BLUE SPRINGS MO                                              | CUSIP: 096045HV4<br>LEI: 5493006R0DSVD8VESU58 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1122536.60   | 0.48%             | 2040-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Brentwood MO                                                             | BRENTWOOD MO COPS                                            | CUSIP: 107304DW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1655000 | PA      | $1663178.51   | 0.71%             | 2034-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Brentwood MO                                                             | BRENTWOOD MO COPS                                            | CUSIP: 107304EV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1415000 | PA      | $1420491.47   | 0.61%             | 2036-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Brentwood Public Library                                                         | BRENTWOOD MO PUBLIC LIBRARY COPS                             | CUSIP: 107305AK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1305000 | PA      | $1458914.70   | 0.62%             | 2038-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Cape Girardeau County School District No R-2                                     | CAPE GIRARDEAU CNTY MO SCH DIST #R-2                         | CUSIP: 139411KN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $762093.98    | 0.32%             | 2037-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Carthage MO                                                              | CARTHAGE MO COPS                                             | CUSIP: 146636GK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1145000 | PA      | $1216947.11   | 0.52%             | 2037-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clay Jackson & Platte County Consolidated Public Library District No 3           | CLAY JACKSON & PLATTE CNTY MO CONSOL PUBLIC LIBRARY DIST #3  | CUSIP: 183628BP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1153626.50   | 0.49%             | 2034-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clay Jackson & Platte County Consolidated Public Library District No 3           | CLAY JACKSON & PLATTE CNTY MO CONSOL PUBLIC LIBRARY DIST #3  | CUSIP: 183628BQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $859188.38    | 0.37%             | 2035-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clay Jackson & Platte County Consolidated Public Library District No 3           | CLAY JACKSON & PLATTE CNTY MO CONSOL PUBLIC LIBRARY DIST #3  | CUSIP: 183628BR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    950000 | PA      | $1077061.17   | 0.46%             | 2036-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clay Jackson & Platte County Consolidated Public Library District No 3           | CLAY JACKSON & PLATTE CNTY MO CONSOL PUBLIC LIBRARY DIST #3  | CUSIP: 183628BS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $785942.43    | 0.33%             | 2037-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clinton School District/MO                                                       | CLINTON MO SCH DIST #124                                     | CUSIP: 188180EN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1860000 | PA      | $2041592.54   | 0.87%             | 2041-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Columbia MO Water & Electric System Revenue                              | COLUMBIA MO WTR & ELEC REVENUE                               | CUSIP: 198072XY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500011.00    | 0.21%             | 2042-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Dayton City School District                                                      | DAYTON OH CITY SCH DIST COPS                                 | CUSIP: 239851CR7<br>LEI: 549300TTX7U8C4ZEA712 | Long             | DBT              | MUN               | US        |    695000 | PA      | $609730.24    | 0.26%             | 2034-12-01      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| Dayton City School District                                                      | DAYTON OH CITY SCH DIST COPS                                 | CUSIP: 239851CS5<br>LEI: 549300TTX7U8C4ZEA712 | Long             | DBT              | MUN               | US        |    715000 | PA      | $684426.24    | 0.29%             | 2035-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fenton Fire Protection District                                                  | FENTON MO FIRE PROT DIST                                     | CUSIP: 314588AP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $631458.88    | 0.27%             | 2034-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Jefferson County School District No R-VI Festus                                  | FESTUS MO #R-VI SCH DIST LEASE COPS                          | CUSIP: 31560CCC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    585000 | PA      | $588394.87    | 0.25%             | 2029-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Jefferson County School District No R-VI Festus                                  | FESTUS MO #R-VI SCH DIST LEASE COPS                          | CUSIP: 31560CCD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    605000 | PA      | $609394.78    | 0.26%             | 2030-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Jefferson County School District No R-VI Festus                                  | FESTUS MO #R-VI SCH DIST LEASE COPS                          | CUSIP: 31560CCE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    420000 | PA      | $423419.93    | 0.18%             | 2031-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Jefferson County School District No R-VI Festus                                  | FESTUS MO #R-VI SCH DIST LEASE COPS                          | CUSIP: 31560CCG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    460000 | PA      | $460569.53    | 0.20%             | 2033-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Florissant MO                                                            | FLORISSANT MO COPS                                           | CUSIP: 343298CT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    505000 | PA      | $509350.52    | 0.22%             | 2030-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Florissant MO                                                            | FLORISSANT MO COPS                                           | CUSIP: 343298CX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    570000 | PA      | $565418.97    | 0.24%             | 2034-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fort Zumwalt School District                                                     | FORT ZUMWALT MO SCH DIST                                     | CUSIP: 3495453X9<br>LEI: 549300GAUDH543HQW865 | Long             | DBT              | MUN               | US        |   1425000 | PA      | $1641309.87   | 0.70%             | 2034-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Fort Zumwalt School District                                                     | FORT ZUMWALT MO SCH DIST                                     | CUSIP: 3495453Y7<br>LEI: 549300GAUDH543HQW865 | Long             | DBT              | MUN               | US        |   1115000 | PA      | $1275404.01   | 0.54%             | 2035-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Public Water Supply District No 3 of Franklin County MO                          | FRANKLIN CNTY MO PUBLIC WTR SPLY DIST #3 COPS                | CUSIP: 352882CS1<br>LEI: 549300FGLRYCXYKT6K71 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1129485.80   | 0.48%             | 2036-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Public Water Supply District No 3 of Franklin County MO                          | FRANKLIN CNTY MO PUBLIC WTR SPLY DIST #3 COPS                | CUSIP: 352882CT9<br>LEI: 549300FGLRYCXYKT6K71 | Long             | DBT              | MUN               | US        |   1055000 | PA      | $1184550.84   | 0.50%             | 2037-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Great Rivers Greenway Metropolitan Park & Recreation District Sales Tax          | GREAT RIVERS GREENWAY MET PARK & RECREATION DIST MO SALES TA | CUSIP: 39121FCB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    715000 | PA      | $759908.08    | 0.32%             | 2032-12-30      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Greene MO                                                              | GREENE CNTY MO COPS                                          | CUSIP: 39448PCE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1130000 | PA      | $1183180.29   | 0.50%             | 2036-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Greene MO                                                              | GREENE CNTY MO COPS                                          | CUSIP: 39448PCF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1044223.50   | 0.44%             | 2037-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Willard R-II School District                                                     | GREENE CNTY MO REORG SCH DIST#R-2 WILLARD                    | CUSIP: 394514HB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $891696.05    | 0.38%             | 2038-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hannibal Industrial Development Authority                                        | HANNIBAL MO INDL DEV AUTH                                    | CUSIP: 410632CM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3225000 | PA      | $3234318.32   | 1.38%             | 2037-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hazelwood School District                                                        | HAZELWOOD MO SCH DIST                                        | CUSIP: 421722W88<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $799524.98    | 0.34%             | 2042-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Independence School District/MO                                                  | INDEPENDENCE MO SCH DIST                                     | CUSIP: 453722PJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1470000 | PA      | $1458791.40   | 0.62%             | 2038-03-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Independence School District/MO                                                  | INDEPENDENCE MO SCH DIST LEASE COPS                          | CUSIP: 45372SCP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    960000 | PA      | $960257.28    | 0.41%             | 2026-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Hickman Mills C-1 School District/MO                                             | JACKSON CNTY MO SCH DIST HICKMAN MILLS #C-1                  | CUSIP: 46741RCF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100497.79    | 0.04%             | 2027-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Hickman Mills C-1 School District/MO                                             | JACKSON CNTY MO SCH DIST HICKMAN MILLS #C-1                  | CUSIP: 46741RCK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $170219.35    | 0.07%             | 2031-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Hickman Mills C-1 School District/MO                                             | JACKSON CNTY MO SCH DIST HICKMAN MILLS #C-1                  | CUSIP: 46741RCL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $185260.57    | 0.08%             | 2032-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Hickman Mills C-1 School District/MO                                             | JACKSON CNTY MO SCH DIST HICKMAN MILLS #C-1                  | CUSIP: 46741RCM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $205313.56    | 0.09%             | 2033-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Jackson County School District No R-IV Blue Springs                              | JACKSON CNTY MO REORG SCH DIST #4 BLUE SPRINGS               | CUSIP: 467486WL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1080958.00   | 0.46%             | 2035-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Jackson County School District No R-IV Blue Springs                              | JACKSON CNTY MO REORG SCH DIST #4 BLUE SPRINGS               | CUSIP: 467486WM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1076205.90   | 0.46%             | 2036-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Jackson County Reorganized School District No 7/MO                               | JACKSON CNTY MO REORG SCH DIST #7 COPS                       | CUSIP: 467511BL4<br>LEI: 549300HKYX7HMV5CWZ34 | Long             | DBT              | MUN               | US        |    700000 | PA      | $702487.66    | 0.30%             | 2027-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Jackson County Reorganized School District No 7/MO                               | JACKSON CNTY MO REORG SCH DIST #7 COPS                       | CUSIP: 467511BN0<br>LEI: 549300HKYX7HMV5CWZ34 | Long             | DBT              | MUN               | US        |    630000 | PA      | $632382.60    | 0.27%             | 2029-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Hickman Mills C-1 School District/MO                                             | JACKSON CNTY MO SCH DIST HICKMMAN MLS C-1 COPS               | CUSIP: 467576AJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    475000 | PA      | $471743.92    | 0.20%             | 2028-04-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Hickman Mills C-1 School District/MO                                             | JACKSON CNTY MO SCH DIST HICKMMAN MLS C-1 COPS               | CUSIP: 467576AL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    575000 | PA      | $572603.17    | 0.24%             | 2030-04-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Hickman Mills C-1 School District/MO                                             | JACKSON CNTY MO SCH DIST HICKMMAN MLS C-1 COPS               | CUSIP: 467576AM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $545595.49    | 0.23%             | 2031-04-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Hickman Mills C-1 School District/MO                                             | JACKSON CNTY MO SCH DIST HICKMMAN MLS C-1 COPS               | CUSIP: 467576AN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $690161.08    | 0.29%             | 2032-04-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Jefferson City School District/MO                                                | JEFFERSON CITY MO SCH DIST                                   | CUSIP: 472538KC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15016.83     | 0.01%             | 2030-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Jefferson City School District/MO                                                | JEFFERSON CITY MO SCH DIST                                   | CUSIP: 472538MH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1096631.70   | 0.47%             | 2044-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Jefferson City School District/MO                                                | JEFFERSON CITY MO SCH DIST COPCTFS PARTN                     | CUSIP: 472539AP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1220000 | PA      | $1255892.03   | 0.54%             | 2035-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Jefferson County Industrial Development Authority/MO                             | JEFFERSON CNTY MO INDL DEV AUTH MF REVENUE                   | CUSIP: 473157BP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2191000 | PA      | $2220179.74   | 0.95%             | 2043-02-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Jefferson County School District No R-1 Northwest                                | JEFFERSON CNTY MO SCH DIST #R-1 N W                          | CUSIP: 473240GD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1185000 | PA      | $1293591.86   | 0.55%             | 2044-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Jennings MO                                                              | JENNINGS MO COPS                                             | CUSIP: 476220AH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1095000 | PA      | $1084508.91   | 0.46%             | 2031-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Jennings MO                                                              | JENNINGS MO COPS                                             | CUSIP: 476220AJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1230000 | PA      | $1192765.07   | 0.51%             | 2034-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Jennings MO                                                              | JENNINGS MO COPS                                             | CUSIP: 476220AK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $698266.88    | 0.30%             | 2037-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Jennings MO                                                              | JENNINGS MO COPS                                             | CUSIP: 476220AL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    530000 | PA      | $461416.99    | 0.20%             | 2040-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Warrensburg School District No R-VI                                              | JOHNSON CNTY MO SCH DIST #R-VI WARRENSBURG                   | CUSIP: 478825GT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $490741.00    | 0.21%             | 2036-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Warrensburg School District No R-VI                                              | JOHNSON CNTY MO SCH DIST #R-VI WARRENSBURG                   | CUSIP: 478825GU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    560000 | PA      | $538139.06    | 0.23%             | 2037-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Warrensburg School District No R-VI                                              | JOHNSON CNTY MO SCH DIST #R-VI WARRENSBURG                   | CUSIP: 478825HB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $608611.13    | 0.26%             | 2041-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Warrensburg School District No R-VI                                              | JOHNSON CNTY MO SCH DIST #R-VI WARRENSBURG                   | CUSIP: 478825HC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $686693.94    | 0.29%             | 2042-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Joplin Industrial Development Authority                                          | JOPLIN MO INDL DEV AUTH HLTH FACS REVENUE                    | CUSIP: 480639CG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1020000 | PA      | $1019517.54   | 0.43%             | 2026-02-15      | Fixed         | 2.56%                 | No            |                  2 | On Loan: No      |
| Joplin Industrial Development Authority                                          | JOPLIN MO INDL DEV AUTH HLTH FACS REVENUE                    | CUSIP: 480639CJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    815000 | PA      | $797598.20    | 0.34%             | 2028-02-15      | Fixed         | 2.84%                 | No            |                  2 | On Loan: No      |
| Joplin Industrial Development Authority                                          | JOPLIN MO INDL DEV AUTH HLTH FACS REVENUE                    | CUSIP: 480639CK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    825000 | PA      | $798023.99    | 0.34%             | 2029-02-15      | Fixed         | 2.89%                 | No            |                  2 | On Loan: No      |
| Joplin Schools                                                                   | JOPLIN MO SCHS                                               | CUSIP: 48068TBR4<br>LEI: 549300LQYWEE2YEJQV54 | Long             | DBT              | MUN               | US        |   1285000 | PA      | $1275644.94   | 0.54%             | 2035-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Kansas City Industrial Development Authority                                     | KANSAS CITY MO INDL DEV AUTH                                 | CUSIP: 48503SEL9<br>LEI: 549300QWDXL46XQC8110 | Long             | DBT              | MUN               | US        |   2130000 | PA      | $2139727.07   | 0.91%             | 2029-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Kansas City Industrial Development Authority                                     | KANSAS CITY MO INDL DEV AUTH ARPT SPL OBLIG                  | CUSIP: 48504NAQ2<br>LEI: 549300QWDXL46XQC8110 | Long             | DBT              | MUN               | US        |   2540000 | PA      | $2653551.46   | 1.13%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kansas City Industrial Development Authority                                     | KANSAS CITY MO INDL DEV AUTH ARPT SPL OBLIG                  | CUSIP: 48504NAR0<br>LEI: 549300QWDXL46XQC8110 | Long             | DBT              | MUN               | US        |   1370000 | PA      | $1458226.77   | 0.62%             | 2029-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kansas City Industrial Development Authority                                     | KANSAS CITY MO INDL DEV AUTH ARPT SPL OBLIG                  | CUSIP: 48504NAU3<br>LEI: 549300QWDXL46XQC8110 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1057389.90   | 0.45%             | 2032-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kansas City Industrial Development Authority                                     | KANSAS CITY MO INDL DEV AUTH ARPT SPL OBLIG                  | CUSIP: 48504NAX7<br>LEI: 549300QWDXL46XQC8110 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1047866.90   | 0.45%             | 2035-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kansas City Industrial Development Authority                                     | KANSAS CITY MO INDL DEV AUTH ARPT SPL OBLIG                  | CUSIP: 48504NCW7<br>LEI: 549300QWDXL46XQC8110 | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1307947.02   | 0.56%             | 2034-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Kansas City MO                                                           | KANSAS CITY MO SPL OBLG                                      | CUSIP: 485106F60<br>LEI: 549300EGAE3I3XU7XE19 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1749784.35   | 0.75%             | 2035-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Kansas City MO                                                           | KANSAS CITY MO SPL OBLG                                      | CUSIP: 485106WC8<br>LEI: 549300EGAE3I3XU7XE19 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1109528.30   | 0.47%             | 2035-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Kansas City MO                                                           | KANSAS CITY MO SPL OBLG                                      | CUSIP: 485106WD6<br>LEI: 549300EGAE3I3XU7XE19 | Long             | DBT              | MUN               | US        |    760000 | PA      | $837273.23    | 0.36%             | 2036-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Kansas City MO                                                           | KANSAS CITY MO SPL OBLG                                      | CUSIP: 485106WE4<br>LEI: 549300EGAE3I3XU7XE19 | Long             | DBT              | MUN               | US        |   1435000 | PA      | $1573455.83   | 0.67%             | 2037-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lebanon Reorganized School District No R-3                                       | LEBANON MO REORG SCH DIST #R-3 LACLEDE CNTY                  | CUSIP: 522714FA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2160000 | PA      | $2410521.55   | 1.03%             | 2040-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Marion & Ralls Counties School District No 60 Hannibal                           | MARION CNTY MO SCH DIST #60                                  | CUSIP: 569101JZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    575000 | PA      | $704044.43    | 0.30%             | 2037-03-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Marion & Ralls Counties School District No 60 Hannibal                           | MARION CNTY MO SCH DIST #60                                  | CUSIP: 569101KA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1218401.40   | 0.52%             | 2038-03-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Marion & Ralls Counties School District No 60 Hannibal                           | MARION CNTY MO SCH DIST #60                                  | CUSIP: 569101KD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $467406.12    | 0.20%             | 2041-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Marion & Ralls Counties School District No 60 Hannibal                           | MARION CNTY MO SCH DIST #60                                  | CUSIP: 569101KE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    575000 | PA      | $663322.19    | 0.28%             | 2042-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Mineral Area Community College District                                          | MINERAL MO AREA CMNTY CLG DIST                               | CUSIP: 60282WBH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1940000 | PA      | $2173645.45   | 0.93%             | 2034-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mineral Area Community College District                                          | MINERAL MO AREA CMNTY CLG DIST                               | CUSIP: 60282WBJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2300000 | PA      | $2546524.12   | 1.09%             | 2036-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Missouri Joint Municipal Electric Utility Commission                             | MISSOURI JT MUNI ELEC UTILITY COMMISSION PWR PROJ REVENUE    | CUSIP: 606092NV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1775000 | PA      | $2022332.23   | 0.86%             | 2036-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Missouri Joint Municipal Electric Utility Commission                             | MISSOURI JT MUNI ELEC UTILITY COMMISSION PWR PROJ REVENUE    | CUSIP: 606092QJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1131956.80   | 0.48%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Missouri Joint Municipal Electric Utility Commission                             | MISSOURI JT MUNI ELEC UTILITY COMMISSION PWR SUPPLY SYS REV  | CUSIP: 606094DS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $551721.35    | 0.24%             | 2041-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Missouri Joint Municipal Electric Utility Commission                             | MISSOURI JT MUNI ELEC UTILITY COMMISSION PWR SUPPLY SYS REV  | CUSIP: 606094DT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $546298.95    | 0.23%             | 2042-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Missouri State Board of Public Buildings                                         | MISSOURI ST BRD OF PUBLIC BLDGS SPL OBLG                     | CUSIP: 606341KQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    635000 | PA      | $629303.35    | 0.27%             | 2027-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri               | MISSOURI ST HLTH & EDUCTNL FACS AUTH EDUCTNL FACS REVENUE    | CUSIP: 60636AHD8<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   1440000 | PA      | $1441325.95   | 0.61%             | 2028-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri               | MISSOURI ST HLTH & EDUCTNL FACS AUTH EDUCTNL FACS REVENUE    | CUSIP: 60636ANA7<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |    950000 | PA      | $977750.93    | 0.42%             | 2034-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri               | MISSOURI ST HLTH & EDUCTNL FACS AUTH EDUCTNL FACS REVENUE    | CUSIP: 60636AND1<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1127041.19   | 0.48%             | 2037-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri               | MISSOURI ST HLTH & EDUCTNL FACS AUTH EDUCTNL FACS REVENUE    | CUSIP: 60636AQG1<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |    670000 | PA      | $701632.84    | 0.30%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri               | MISSOURI ST HLTH & EDUCTNL FACS AUTH EDUCTNL FACS REVENUE    | CUSIP: 60636AQH9<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |    800000 | PA      | $827112.64    | 0.35%             | 2038-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri               | MISSOURI ST HLTH & EDUCTNL FACS AUTH EDUCTNL FACS REVENUE    | CUSIP: 60636ASZ7<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   2030000 | PA      | $2106217.57   | 0.90%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Missouri Development Finance Board                                               | MISSOURI ST DEV FIN BRD INFRASTRUCTURE FACS REVENUE          | CUSIP: 60636SKP8<br>LEI: 549300JD8BCNBV9D3830 | Long             | DBT              | MUN               | US        |    895000 | PA      | $933051.19    | 0.40%             | 2031-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Missouri Development Finance Board                                               | MISSOURI ST DEV FIN BRD INFRASTRUCTURE FACS REVENUE          | CUSIP: 60636SKQ6<br>LEI: 549300JD8BCNBV9D3830 | Long             | DBT              | MUN               | US        |    990000 | PA      | $1037656.62   | 0.44%             | 2032-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Missouri Development Finance Board                                               | MISSOURI ST DEV FIN BRD INFRASTRUCTURE FACS REVENUE          | CUSIP: 60636SKR4<br>LEI: 549300JD8BCNBV9D3830 | Long             | DBT              | MUN               | US        |   1095000 | PA      | $1142437.81   | 0.49%             | 2033-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Missouri Development Finance Board                                               | MISSOURI ST DEV FIN BRD                                      | CUSIP: 60636VCT2<br>LEI: 549300JD8BCNBV9D3830 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1117259.70   | 0.48%             | 2036-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Missouri Development Finance Board                                               | MISSOURI ST DEV FIN BRD                                      | CUSIP: 60636VCU9<br>LEI: 549300JD8BCNBV9D3830 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1217042.42   | 0.52%             | 2037-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri               | MISSOURI ST HLTH & EDUCTNL FACS AUTH HLTH FACS REVENUE       | CUSIP: 60637AGN6<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6002320.20   | 2.56%             | 2045-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri               | MISSOURI ST HLTH & EDUCTNL FACS AUTH HLTH FACS REVENUE       | CUSIP: 60637AJY9<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2001928.00   | 0.85%             | 2045-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri               | MISSOURI ST HLTH & EDUCTNL FACS AUTH HLTH FACS REVENUE       | CUSIP: 60637ALT7<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1252699.63   | 0.53%             | 2033-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri               | MISSOURI ST HLTH & EDUCTNL FACS AUTH HLTH FACS REVENUE       | CUSIP: 60637ALX8<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |    250000 | PA      | $250168.20    | 0.11%             | 2039-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri               | MISSOURI ST HLTH & EDUCTNL FACS AUTH HLTH FACS REVENUE       | CUSIP: 60637ATK8<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2547684.25   | 1.09%             | 2039-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri               | MISSOURI ST HLTH & EDUCTNL FACS AUTH HLTH FACS REVENUE       | CUSIP: 60637AUQ3<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |    350000 | PA      | $347770.47    | 0.15%             | 2034-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri               | MISSOURI ST HLTH & EDUCTNL FACS AUTH HLTH FACS REVENUE       | CUSIP: 60637AUR1<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |    400000 | PA      | $395647.12    | 0.17%             | 2035-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri               | MISSOURI ST HLTH & EDUCTNL FACS AUTH HLTH FACS REVENUE       | CUSIP: 60637AUS9<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |    580000 | PA      | $568729.15    | 0.24%             | 2036-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri               | MISSOURI ST HLTH & EDUCTNL FACS AUTH HLTH FACS REVENUE       | CUSIP: 60637AUT7<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |    700000 | PA      | $680798.65    | 0.29%             | 2037-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri               | MISSOURI ST HLTH & EDUCTNL FACS AUTH HLTH FACS REVENUE       | CUSIP: 60637AVS8<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |    500000 | PA      | $561450.00    | 0.24%             | 2034-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri               | MISSOURI ST HLTH & EDUCTNL FACS AUTH HLTH FACS REVENUE       | CUSIP: 60637AWF5<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |    500000 | PA      | $561704.15    | 0.24%             | 2041-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri               | MISSOURI ST HLTH & EDUCTNL FACS AUTH HLTH FACS REVENUE       | CUSIP: 60637AXC1<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   1040000 | PA      | $1226847.65   | 0.52%             | 2038-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri               | MISSOURI ST HLTH & EDUCTNL FACS AUTH HLTH FACS REVENUE       | CUSIP: 60637AXZ0<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   2850000 | PA      | $3216319.62   | 1.37%             | 2032-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri               | MISSOURI ST HLTH & EDUCTNL FACS AUTH HLTH FACS REVENUE       | CUSIP: 60637AYA4<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   2225000 | PA      | $2527759.98   | 1.08%             | 2033-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Missouri Housing Development Commission                                          | MISSOURI ST HSG DEV COMMISSION SF MTGE REVENUE               | CUSIP: 60637BPQ7<br>LEI: 5493007FBL7WCV3NKY25 | Long             | DBT              | MUN               | US        |    245000 | PA      | $246075.84    | 0.10%             | 2028-11-01      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| Missouri Housing Development Commission                                          | MISSOURI ST HSG DEV COMMISSION SF MTGE REVENUE               | CUSIP: 60637BPS3<br>LEI: 5493007FBL7WCV3NKY25 | Long             | DBT              | MUN               | US        |    220000 | PA      | $221375.73    | 0.09%             | 2029-11-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Missouri Housing Development Commission                                          | MISSOURI ST HSG DEV COMMISSION SF MTGE REVENUE               | CUSIP: 60637BPU8<br>LEI: 5493007FBL7WCV3NKY25 | Long             | DBT              | MUN               | US        |    240000 | PA      | $241078.51    | 0.10%             | 2030-11-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Missouri Housing Development Commission                                          | MISSOURI ST HSG DEV COMMISSION SF MTGE REVENUE               | CUSIP: 60637BUV0<br>LEI: 5493007FBL7WCV3NKY25 | Long             | DBT              | MUN               | US        |    330000 | PA      | $317489.57    | 0.14%             | 2030-11-01      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| Missouri Housing Development Commission                                          | MISSOURI ST HSG DEV COMMISSION SF MTGE REVENUE               | CUSIP: 60637BUW8<br>LEI: 5493007FBL7WCV3NKY25 | Long             | DBT              | MUN               | US        |    310000 | PA      | $298763.09    | 0.13%             | 2031-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Missouri Housing Development Commission                                          | MISSOURI ST HSG DEV COMMISSION SF MTGE REVENUE               | CUSIP: 60637BUX6<br>LEI: 5493007FBL7WCV3NKY25 | Long             | DBT              | MUN               | US        |    320000 | PA      | $307906.46    | 0.13%             | 2031-11-01      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| Missouri Housing Development Commission                                          | MISSOURI ST HSG DEV COMMISSION SF MTGE REVENUE               | CUSIP: 60637GAZ2<br>LEI: 5493007FBL7WCV3NKY25 | Long             | DBT              | MUN               | US        |   2990000 | PA      | $3005100.10   | 1.28%             | 2039-11-01      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| Missouri Housing Development Commission                                          | MISSOURI ST HSG DEV COMMISSION SF MTGE REVENUE               | CUSIP: 60637GEK1<br>LEI: 5493007FBL7WCV3NKY25 | Long             | DBT              | MUN               | US        |    865000 | PA      | $886933.81    | 0.38%             | 2032-05-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Missouri Housing Development Commission                                          | MISSOURI ST HSG DEV COMMISSION SF MTGE REVENUE               | CUSIP: 60637GER6<br>LEI: 5493007FBL7WCV3NKY25 | Long             | DBT              | MUN               | US        |    495000 | PA      | $504170.82    | 0.21%             | 2035-05-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Missouri Housing Development Commission                                          | MISSOURI ST HSG DEV COMMISSION SF MTGE REVENUE               | CUSIP: 60637GES4<br>LEI: 5493007FBL7WCV3NKY25 | Long             | DBT              | MUN               | US        |    495000 | PA      | $502650.62    | 0.21%             | 2035-11-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Missouri Housing Development Commission                                          | MISSOURI ST HSG DEV COMMISSION SF MTGE REVENUE               | CUSIP: 60637GET2<br>LEI: 5493007FBL7WCV3NKY25 | Long             | DBT              | MUN               | US        |    495000 | PA      | $502473.91    | 0.21%             | 2036-05-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Missouri Housing Development Commission                                          | MISSOURI ST HSG DEV COMMISSION SF MTGE REVENUE               | CUSIP: 60637GEU9<br>LEI: 5493007FBL7WCV3NKY25 | Long             | DBT              | MUN               | US        |    490000 | PA      | $496357.26    | 0.21%             | 2036-11-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Missouri Housing Development Commission                                          | MISSOURI ST HSG DEV COMMISSION SF MTGE REVENUE               | CUSIP: 60637GLY3<br>LEI: 5493007FBL7WCV3NKY25 | Long             | DBT              | MUN               | US        |   1205000 | PA      | $1237546.45   | 0.53%             | 2036-11-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Neosho R-V School District                                                       | NEOSHO MO REORG SCH DIST #R-5 NEWTON CNTY                    | CUSIP: 640609DV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2100381.00   | 0.90%             | 2037-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Nixa Public Schools                                                              | NIXA MO PUB SCHS CTFS PARTN                                  | CUSIP: 654805AT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1465000 | PA      | $1348381.02   | 0.57%             | 2039-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| North Dakota Housing Finance Agency                                              | NORTH DAKOTA ST HSG FIN AGY HOMEOWNERSHIP REVENUE            | CUSIP: 658877FC4<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |    105000 | PA      | $101712.70    | 0.04%             | 2036-01-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| North Jefferson County Ambulance District                                        | NORTH JEFFERSON CNTY MO AMBULANCE DIST                       | CUSIP: 66015FAF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $700354.33    | 0.30%             | 2040-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Kansas City School District No 74                                          | NORTH KANSAS CITY MO SCH DIST #74                            | CUSIP: 660266LH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2232150.20   | 0.95%             | 2039-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| O'Fallon Fire Protection District                                                | O'FALLON MO FIRE PROT DIST                                   | CUSIP: 67619QCX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    510000 | PA      | $534446.03    | 0.23%             | 2038-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| O'Fallon Fire Protection District                                                | O'FALLON MO FIRE PROT DIST                                   | CUSIP: 67619QCY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    530000 | PA      | $552422.18    | 0.24%             | 2039-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| O'Fallon Fire Protection District                                                | O'FALLON MO FIRE PROT DIST                                   | CUSIP: 67619QDA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    575000 | PA      | $591383.36    | 0.25%             | 2041-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Orchard Farm R-V School District/MO                                              | ORCHARD FARM R-V SCH DIST MO COPS                            | CUSIP: 68562RBC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2565000 | PA      | $2703679.03   | 1.15%             | 2040-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Ozark Reorg School District No R-6/MO                                            | OZARK MO REORG SCH DIST #R-6                                 | CUSIP: 692634GG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $396678.12    | 0.17%             | 2036-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Ozark Reorg School District No R-6/MO                                            | OZARK MO REORG SCH DIST #R-6                                 | CUSIP: 692634GK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $764544.98    | 0.33%             | 2039-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Ozark MO                                                                 | OZARK MO COPS                                                | CUSIP: 69263RCJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500894.80    | 0.21%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Special Care Facilities Financing Authority of the City of Pell City Alabama     | PELL CITY AL SPL CARE FACS FING AUTH REVENUE                 | CUSIP: 705888CB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2199225.20   | 0.94%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Platte County R-III School District                                              | PLATTE CNTY MO REORG SCH DIST#R-3 PLATTE CITY                | CUSIP: 727717KE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2155000 | PA      | $2371057.93   | 1.01%             | 2040-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Polk County Reorganized School District No 1/MO                                  | POLK CNTY MO SCH DIST #R-1 BOLIVAR                           | CUSIP: 731293EL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $632486.94    | 0.27%             | 2033-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Polk County Reorganized School District No 1/MO                                  | POLK CNTY MO SCH DIST #R-1 BOLIVAR                           | CUSIP: 731293EM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1616300.00   | 0.69%             | 2035-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Waynesville R-VI School District                                                 | PULASKI CNTY MO REORG DIST #6 COPS                           | CUSIP: 74549PAJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $713823.63    | 0.30%             | 2035-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Waynesville R-VI School District                                                 | PULASKI CNTY MO REORG DIST #6 COPS                           | CUSIP: 74549PAL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    440000 | PA      | $493254.92    | 0.21%             | 2037-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Waynesville R-VI School District                                                 | PULASKI CNTY MO REORG DIST #6 COPS                           | CUSIP: 74549PAM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    855000 | PA      | $953585.69    | 0.41%             | 2038-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Waynesville R-VI School District                                                 | PULASKI CNTY MO REORG DIST #6 COPS                           | CUSIP: 74549PAN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $554501.60    | 0.24%             | 2039-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Republic MO                                                              | REPUBLIC MO SPL OBLG                                         | CUSIP: 760612BX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    920000 | PA      | $958183.50    | 0.41%             | 2034-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Republic MO                                                              | REPUBLIC MO SPL OBLG                                         | CUSIP: 760612BY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    640000 | PA      | $663748.42    | 0.28%             | 2035-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Republic MO                                                              | REPUBLIC MO SPL OBLG                                         | CUSIP: 760612BZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    685000 | PA      | $707242.36    | 0.30%             | 2036-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Rock Community Fire Protection District                                          | ROCK CMNTY FIRE PROT DIST MO                                 | CUSIP: 77183TBR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    765000 | PA      | $792772.94    | 0.34%             | 2038-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Rock Community Fire Protection District                                          | ROCK CMNTY FIRE PROT DIST MO                                 | CUSIP: 77183TBT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    830000 | PA      | $845912.10    | 0.36%             | 2040-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Rock Community Fire Protection District                                          | ROCK CMNTY FIRE PROT DIST MO                                 | CUSIP: 77183TBU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    635000 | PA      | $642515.61    | 0.27%             | 2041-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Rock Community Fire Protection District                                          | ROCK CMNTY FIRE PROT DIST MO                                 | CUSIP: 77183TBV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    795000 | PA      | $798406.42    | 0.34%             | 2042-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Rolla MO                                                                 | ROLLA MO COPS                                                | CUSIP: 775545BF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $225117.95    | 0.10%             | 2027-07-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| City of Rolla MO                                                                 | ROLLA MO COPS                                                | CUSIP: 775545BL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    410000 | PA      | $410100.74    | 0.17%             | 2032-07-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| Rolla School District No 31                                                      | ROLLA MO SCH DIST #31                                        | CUSIP: 775567EB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    925000 | PA      | $994787.55    | 0.42%             | 2041-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rolling Hills Consolidated Library District                                      | ROLLING HILLS MO CONSOL LIBRARY DIST COPS                    | CUSIP: 775673BQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1430000 | PA      | $1390072.11   | 0.59%             | 2044-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Rolling Hills Consolidated Library District                                      | ROLLING HILLS MO CONSOL LIBRARY DIST COPS                    | CUSIP: 775673BR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1219375.32   | 0.52%             | 2049-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| St Charles County Public Water Supply District No 2                              | SAINT CHARLES CNTY MO PUBLIC WTR SPLY DIST #2 COPS           | CUSIP: 78764YFA0<br>LEI: 54930038VJHZW7PR1R14 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1946203.80   | 0.83%             | 2044-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of St Charles MO                                                          | SAINT CHARLES CNTY MO SPL OBLG                               | CUSIP: 78775RCT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1945000 | PA      | $2028919.36   | 0.86%             | 2038-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of St Louis MO Airport Revenue                                              | SAINT LOUIS MO ARPT REVENUE                                  | CUSIP: 791638F87<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3745000 | PA      | $3807260.25   | 1.62%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of St Louis MO Airport Revenue                                              | SAINT LOUIS MO ARPT REVENUE                                  | CUSIP: 791638N47<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1648210.05   | 0.70%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of St Louis MO Airport Revenue                                              | SAINT LOUIS MO ARPT REVENUE                                  | CUSIP: 791638N54<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1355000 | PA      | $1499145.58   | 0.64%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| St Louis Land Clearance for Redevelopment Authority                              | SAINT LOUIS MO LAND CLEARANCE REDEV AUTH REVENUE             | CUSIP: 791652JC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2300000 | PA      | $1841088.82   | 0.78%             | 2039-04-01      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| St Louis Municipal Finance Corp                                                  | SAINT LOUIS MO MUNI FIN CORP SALES TAX LEASEHOLD REVENUE     | CUSIP: 79165NBQ6<br>LEI: 549300CR13DAYKUKQN03 | Long             | DBT              | MUN               | US        |   2595000 | PA      | $2596903.43   | 1.11%             | 2035-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| St Louis Municipal Finance Corp                                                  | SAINT LOUIS MO MUNI FIN CORP                                 | CUSIP: 79165TRR4<br>LEI: 549300CR13DAYKUKQN03 | Long             | DBT              | MUN               | US        |   2710000 | PA      | $2768506.73   | 1.18%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Shelbyville Redevelopment Authority                                              | SHELBYVILLE IN REDEV AUTH LEASE RENTAL REVENUE               | CUSIP: 82222NBU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $493904.35    | 0.21%             | 2033-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Southeast Missouri State University                                              | S E MISSOURI ST UNIV                                         | CUSIP: 841438ML5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1465000 | PA      | $1481634.34   | 0.63%             | 2040-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Southeast Missouri State University                                              | S E MISSOURI ST UNIV                                         | CUSIP: 841438MN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1025358.10   | 0.44%             | 2037-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Southern Boone County Reorganized School District No R-1/MO                      | STHRN BOONE CNTY MO #R-I SCH DIST                            | CUSIP: 842392FE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $763291.20    | 0.33%             | 2041-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Southern Platte Fire Protection District/MO                                      | STHRN PLATTE MO FIRE PROT DIST                               | CUSIP: 843645CM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    540000 | PA      | $540130.30    | 0.23%             | 2038-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Springfield MO                                                           | SPRINGFIELD MO SPL OBLG                                      | CUSIP: 851039GS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2275000 | PA      | $2348114.63   | 1.00%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Springfield MO                                                           | SPRINGFIELD MO SPL OBLG                                      | CUSIP: 851039GT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1220000 | PA      | $1258318.86   | 0.54%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Springfield MO                                                           | SPRINGFIELD MO SPL OBLG                                      | CUSIP: 851039GV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1442635.60   | 0.61%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Springfield MO                                                           | SPRINGFIELD MO SPL OBLG                                      | CUSIP: 851039KJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    470000 | PA      | $483578.77    | 0.21%             | 2034-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Springfield MO                                                           | SPRINGFIELD MO SPL OBLG                                      | CUSIP: 851039KK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    475000 | PA      | $487063.81    | 0.21%             | 2035-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Springfield MO                                                           | SPRINGFIELD MO SPL OBLG                                      | CUSIP: 851039KL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    815000 | PA      | $833254.70    | 0.36%             | 2036-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Springfield MO                                                           | SPRINGFIELD MO SPL OBLG                                      | CUSIP: 851039KM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    845000 | PA      | $859604.73    | 0.37%             | 2037-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Springfield MO                                                           | SPRINGFIELD MO SPL OBLG                                      | CUSIP: 851039KN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    920000 | PA      | $933565.03    | 0.40%             | 2038-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of St Charles MO                                                            | SAINT CHARLES MO COPS                                        | CUSIP: 85230BFW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    660000 | PA      | $749721.65    | 0.32%             | 2037-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of St Charles MO                                                            | SAINT CHARLES MO COPS                                        | CUSIP: 85230BFX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    695000 | PA      | $784244.74    | 0.33%             | 2038-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of St Charles MO                                                            | SAINT CHARLES MO COPS                                        | CUSIP: 85230BFY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    730000 | PA      | $815050.11    | 0.35%             | 2039-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of St Charles MO                                                            | SAINT CHARLES MO COPS                                        | CUSIP: 85230BFZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    670000 | PA      | $743113.75    | 0.32%             | 2040-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| St Louis Community College District                                              | ST LOUIS CMNTY CLG DIST ST LOUIS CNTY MO COPS                | CUSIP: 85234LAN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2013806.80   | 0.86%             | 2036-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| St Louis Community College District                                              | ST LOUIS CMNTY CLG DIST ST LOUIS CNTY MO COPS                | CUSIP: 85234LAP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2515000 | PA      | $2530221.03   | 1.08%             | 2037-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State Street Institutional US Government Money Market Fund                       | State Street Institutional US Government Money Market Fund   | CUSIP: 857492706<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | EC               | RF                | US        |   4701215 | NS      | $4701214.83   | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Strafford Fire Protection District                                               | STRAFFORD MO FIRE PROT DIST                                  | CUSIP: 862561AR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1185143.96   | 0.51%             | 2040-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Taney County Public Water Supply District No 3                                   | TANEY CNTY MO PUBLIC WTR SPLY DIST #3 COPS                   | CUSIP: 87539WAY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    720000 | PA      | $738752.69    | 0.31%             | 2036-07-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| University City Municipal Library District                                       | UNIVERSITY CITY MO MUNI LIBRARY DIST COPS                    | CUSIP: 914142AP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    710000 | PA      | $648526.00    | 0.28%             | 2039-04-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Valley Park Fire Protection District                                             | VLY PARK MO FIRE PROT DIST                                   | CUSIP: 920053BU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $454394.07    | 0.19%             | 2035-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Valley Park Fire Protection District                                             | VLY PARK MO FIRE PROT DIST                                   | CUSIP: 920053BV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $504041.00    | 0.21%             | 2037-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Valley Park Fire Protection District                                             | VLY PARK MO FIRE PROT DIST                                   | CUSIP: 920053BX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $183188.63    | 0.08%             | 2039-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Valley Park Fire Protection District                                             | VLY PARK MO FIRE PROT DIST                                   | CUSIP: 920053BY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    575000 | PA      | $577173.56    | 0.25%             | 2039-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Wentzville MO                                                            | WENTZVILLE MO COPS                                           | CUSIP: 950734DW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $283033.43    | 0.12%             | 2032-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Wentzville MO                                                            | WENTZVILLE MO COPS                                           | CUSIP: 950734DX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $297862.63    | 0.13%             | 2033-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Wentzville MO                                                            | WENTZVILLE MO COPS                                           | CUSIP: 950734DY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    340000 | PA      | $390328.91    | 0.17%             | 2034-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Wentzville MO                                                            | WENTZVILLE MO COPS                                           | CUSIP: 950734DZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    360000 | PA      | $410773.36    | 0.18%             | 2035-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Wentzville MO                                                            | WENTZVILLE MO COPS                                           | CUSIP: 950734EA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    380000 | PA      | $429580.42    | 0.18%             | 2036-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Wentzville MO                                                            | WENTZVILLE MO COPS                                           | CUSIP: 950734EB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    320000 | PA      | $358398.14    | 0.15%             | 2037-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Wentzville MO                                                            | WENTZVILLE MO COPS                                           | CUSIP: 950734ED1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $607797.06    | 0.26%             | 2039-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| St Charles County School District No R-IV Wentzville                             | WENTZVILLE R-IV SCH DIST MO LEASE COPS                       | CUSIP: 95073BDG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1800969.48   | 0.77%             | 2033-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| St Charles County School District No R-IV Wentzville                             | WENTZVILLE R-IV SCH DIST MO LEASE COPS                       | CUSIP: 95073BDH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1800904.50   | 0.77%             | 2034-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Whitestown Redevelopment Authority                                               | WHITESTOWN IN REDEV AUTH LEASE RENTAL REVENUE                | CUSIP: 966100ED7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1575000 | PA      | $1596870.77   | 0.68%             | 2032-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Woodford Lasalle Livingston Etc Counties Community Unit Sch Dist No 6 Fieldcrest | WOODFORD LASALLE LIVINGSTON ETC CNTYS IL CMNTY UNIT SCH DIST | CUSIP: 979412BV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $515551.30    | 0.22%             | 2034-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Woodford Lasalle Livingston Etc Counties Community Unit Sch Dist No 6 Fieldcrest | WOODFORD LASALLE LIVINGSTON ETC CNTYS IL CMNTY UNIT SCH DIST | CUSIP: 979412BW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $513778.15    | 0.22%             | 2035-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Wright City MO                                                           | WRIGHT CITY MO                                               | CUSIP: 982250BE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    415000 | PA      | $430000.63    | 0.18%             | 2038-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Wright City MO                                                           | WRIGHT CITY MO                                               | CUSIP: 982250BF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    435000 | PA      | $449052.15    | 0.19%             | 2039-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Wright City MO                                                           | WRIGHT CITY MO                                               | CUSIP: 982250BG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    455000 | PA      | $466909.67    | 0.20%             | 2040-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Wright City MO                                                           | WRIGHT CITY MO                                               | CUSIP: 982250BJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    495000 | PA      | $500527.07    | 0.21%             | 2042-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Wright City R-II School District                                                 | WRIGHT CITY MO SCH DIST #R-2                                 | CUSIP: 982260HS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1055000 | PA      | $1259583.28   | 0.54%             | 2034-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-13

**Name of Applicant:** COMMERCE FUNDS

**Signature:** Bill Schuetter

**Name of Signer:** Bill Schuetter

**Title:** President