# EDGAR Filing Document

**Accession Number:** 0000795384
**File Stem:** 0001193125-25-271161
**Filing Date:** 2025-11
**Character Count:** 90591
**Document Hash:** a97669bf107c8cddf287790e02a6c8d1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-271161.hdr.sgml**: 20251107

**ACCESSION NUMBER**: 0001193125-25-271161

**CONFORMED SUBMISSION TYPE**: N-MFP3

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251107

**DATE AS OF CHANGE**: 20251107

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** T. Rowe Price State Tax-Free Funds, Inc.
- **CENTRAL INDEX KEY:** 0000795384

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 0228

**FILING VALUES:**
- **FORM TYPE:** N-MFP3
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04521
- **FILM NUMBER:** 251460683

**BUSINESS ADDRESS:**
- **STREET 1:** 1307 POINT STREET
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21231
- **BUSINESS PHONE:** 410-345-2000

**MAIL ADDRESS:**
- **STREET 1:** 1307 POINT STREET
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21231

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** T. Rowe Price State Tax-Free Income Trust
- **DATE OF NAME CHANGE:** 20051028

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PRICE T ROWE STATE TAX FREE INCOME TRUST
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PRICE T ROWE NEW YORK TAX FREE INCOME TRUST
- **DATE OF NAME CHANGE:** 19870416

## Series and Classes Contracts Data

### T. Rowe Price Maryland Tax-Free Money Fund (Series ID: S000002150)

| Class ID   | Class Name                                         | Ticker Symbol   |
|:---|:---|:---|
| C000005546 | T. Rowe Price Maryland Tax-Free Money Fund         | TMDXX           |
| C000193184 | T. Rowe Price Maryland Tax-Free Money Fund-I Class | TWNXX           |

# Form N-MFP3: Monthly Schedule of Portfolio Holdings

## N-MFP: Filer Information
**Submission Type:** N-MFP3
**CIK:** 0000795384

### General Information

**Report for (YYYY-MM-DD):** 2025-10-31

**Registrant Full Name:** T. ROWE PRICE STATE TAX-FREE FUNDS, INC.

**CIK Number of Registrant:** 0000795384

**LEI of Registrant:** 549300JRGCNK8RONA772

**Name of Series:** T. Rowe Price Maryland Tax-Free Money Fund

**LEI of Series:** 549300FOKGNPWH34VG35

**EDGAR Series Identifier:** S000002150

**Total number of share classes in the series:** 2

**Is this the fund's final filing on Form N-MFP?:** No

**Has the fund acquired or merged with another fund?:** No

## Part A: Series-Level Information about the Fund

### Service Providers
| Role                          | Details                                                    | File/CIK Number   |
|:---|:---|:---|
| Investment Adviser            | T. Rowe Price Associates, Inc.                             | 801-00856         |
| Independent Public Accountant | PricewaterhouseCoopers LLP<br>City: Baltimore<br>State: MD |  |
| Administrator                 | None                                                       |  |
| Transfer Agent                | T. Rowe Price Services, Inc.<br>CIK: 0000703220            | 084-01079         |

### Fund Characteristics & Assets

- **Securities Act File Number:** 033-06533

- **Is this a Feeder Fund?:** No

- **Is this a Master Fund?:** No

- **Is this series for insurance company separate accounts?:** No

- **Money Market Fund Category:** Single State

- **Is this a Retail Money Market Fund?:** Yes

- **Is this a Government Money Market Fund?:** No

- **WAM:** 46 days

- **WAL:** 46 days

- **Total Value of Portfolio Securities:** $101319621.51

- **Amortized Cost of Portfolio Securities:** $101325964.41

- **Cash:** $47064.37

- **Total Other Assets:** $618705.13

- **Total Liabilities:** $294555.75

- **Net Assets of Series:** $101697178.16

- **Number of Shares Outstanding (Series):** 101592571.6090

- **Does the fund seek to maintain a stable price per share?:** Yes

- **Stable Price Per Share:** $1.00

- **Is cash management vehicle an affiliated fund?:** No

- **Does the fund apply liquidity fees?:** No

### Daily & Weekly Liquid Assets
| Date       | Daily Liquid Assets ($)   | Weekly Liquid Assets ($)   | Daily Liquid Assets (%)   | Weekly Liquid Assets (%)   |
|:---|:---|:---|:---|:---|
| 2025-10-01 | $17377882.61              | $76582882.61               | 16.9100%                  | 74.5300%                   |
| 2025-10-02 | $17637273.74              | $76842273.74               | 17.1200%                  | 74.5800%                   |
| 2025-10-03 | $17644656.48              | $76849656.48               | 17.0400%                  | 74.2300%                   |
| 2025-10-06 | $17043743.89              | $76248743.89               | 16.3900%                  | 73.3400%                   |
| 2025-10-07 | $15172367.07              | $74377367.07               | 14.7100%                  | 72.1300%                   |
| 2025-10-08 | $15063665.88              | $74268665.88               | 14.5700%                  | 71.8500%                   |
| 2025-10-09 | $14609850.65              | $71014850.65               | 14.1900%                  | 69.0000%                   |
| 2025-10-10 | $14685848.28              | $73894354.03               | 14.2500%                  | 71.7300%                   |
| 2025-10-13 | $14622822.84              | $73831328.59               | 14.2000%                  | 71.7000%                   |
| 2025-10-14 | $14815015.87              | $74023521.62               | 14.3600%                  | 71.7500%                   |
| 2025-10-15 | $14827208.60              | $74035714.35               | 14.3700%                  | 71.7500%                   |
| 2025-10-16 | $17509302.86              | $73914302.86               | 16.9900%                  | 71.7100%                   |
| 2025-10-17 | $17480833.47              | $73885833.47               | 16.8900%                  | 71.4000%                   |
| 2025-10-20 | $16883706.26              | $73288706.26               | 16.4100%                  | 71.2300%                   |
| 2025-10-21 | $16918368.72              | $73323368.72               | 16.4400%                  | 71.2400%                   |
| 2025-10-22 | $12452197.29              | $72407197.29               | 12.2100%                  | 70.9700%                   |
| 2025-10-23 | $12073691.08              | $72028691.08               | 11.8500%                  | 70.6800%                   |
| 2025-10-24 | $12520527.46              | $72475527.46               | 12.2300%                  | 70.7900%                   |
| 2025-10-27 | $12372840.64              | $73723139.08               | 12.1000%                  | 72.1100%                   |
| 2025-10-28 | $12351779.54              | $73702003.37               | 12.0800%                  | 72.1000%                   |
| 2025-10-29 | $12346537.12              | $73696686.35               | 11.8400%                  | 70.6900%                   |
| 2025-10-30 | $10069330.82              | $71419405.43               | 9.8700%                   | 70.0300%                   |
| 2025-10-31 | $11442064.37              | $71397064.37               | 11.2200%                  | 70.0000%                   |

### 7-Day Gross Yield
| Date       | 7-Day Gross Yield   |
|:---|:---|
| 2025-10-01 | 2.8800%             |
| 2025-10-02 | 2.8600%             |
| 2025-10-03 | 2.7500%             |
| 2025-10-06 | 2.7100%             |
| 2025-10-07 | 2.6900%             |
| 2025-10-08 | 2.6800%             |
| 2025-10-09 | 2.6700%             |
| 2025-10-10 | 2.6500%             |
| 2025-10-13 | 2.6400%             |
| 2025-10-14 | 2.6100%             |
| 2025-10-15 | 2.5700%             |
| 2025-10-16 | 2.5300%             |
| 2025-10-17 | 2.3700%             |
| 2025-10-20 | 2.3200%             |
| 2025-10-21 | 2.2700%             |
| 2025-10-22 | 2.2600%             |
| 2025-10-23 | 2.3100%             |
| 2025-10-24 | 2.4900%             |
| 2025-10-27 | 2.5600%             |
| 2025-10-28 | 2.6200%             |
| 2025-10-29 | 2.6700%             |
| 2025-10-30 | 2.7400%             |
| 2025-10-31 | 2.9100%             |

### Daily Net Asset Value per Share (Series)
| Date       | Net Asset Value per Share   |
|:---|:---|
| 2025-10-01 | 1.0011                      |
|  |  |
| 2025-10-02 | 1.0011                      |
|  |  |
| 2025-10-03 | 1.0011                      |
|  |  |
| 2025-10-06 | 1.0011                      |
|  |  |
| 2025-10-07 | 1.0011                      |
|  |  |
| 2025-10-08 | 1.0011                      |
|  |  |
| 2025-10-09 | 1.0011                      |
|  |  |
| 2025-10-10 | 1.0011                      |
|  |  |
| 2025-10-13 | 1.0011                      |
|  |  |
| 2025-10-14 | 1.0011                      |
|  |  |
| 2025-10-15 | 1.0010                      |
|  |  |
| 2025-10-16 | 1.0010                      |
|  |  |
| 2025-10-17 | 1.0011                      |
|  |  |
| 2025-10-20 | 1.0011                      |
|  |  |
| 2025-10-21 | 1.0010                      |
|  |  |
| 2025-10-22 | 1.0010                      |
|  |  |
| 2025-10-23 | 1.0010                      |
|  |  |
| 2025-10-24 | 1.0010                      |
|  |  |
| 2025-10-27 | 1.0010                      |
|  |  |
| 2025-10-28 | 1.0010                      |
|  |  |
| 2025-10-29 | 1.0010                      |
|  |  |
| 2025-10-30 | 1.0010                      |
|  |  |
| 2025-10-31 | 1.0010                      |
|  |  |

## Part B: Class-Level Information about the Fund

### Class: I

- **Minimum Initial Investment:** $2500.00

- **Net Assets of Class:** $28190626.27

- **Number of Shares Outstanding:** 28161640.1700

- **Expense Reimbursement/Waiver:** 8953.84

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2025-10-01 | 1.0011          |
|  |  |
| 2025-10-02 | 1.0011          |
|  |  |
| 2025-10-03 | 1.0011          |
|  |  |
| 2025-10-06 | 1.0011          |
|  |  |
| 2025-10-07 | 1.0011          |
|  |  |
| 2025-10-08 | 1.0011          |
|  |  |
| 2025-10-09 | 1.0011          |
|  |  |
| 2025-10-10 | 1.0011          |
|  |  |
| 2025-10-13 | 1.0011          |
|  |  |
| 2025-10-14 | 1.0011          |
|  |  |
| 2025-10-15 | 1.0010          |
|  |  |
| 2025-10-16 | 1.0011          |
|  |  |
| 2025-10-17 | 1.0011          |
|  |  |
| 2025-10-20 | 1.0011          |
|  |  |
| 2025-10-21 | 1.0010          |
|  |  |
| 2025-10-22 | 1.0010          |
|  |  |
| 2025-10-23 | 1.0010          |
|  |  |
| 2025-10-24 | 1.0010          |
|  |  |
| 2025-10-27 | 1.0010          |
|  |  |
| 2025-10-28 | 1.0010          |
|  |  |
| 2025-10-29 | 1.0010          |
|  |  |
| 2025-10-30 | 1.0010          |
|  |  |
| 2025-10-31 | 1.0010          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2025-10-01 | $115046.82                | $8124.94                |
| 2025-10-02 | $134590.48                | $33126.34               |
| 2025-10-03 | $7099.80                  | $15925.00               |
| 2025-10-06 | $302610.01                | $500750.00              |
| 2025-10-07 | $272652.62                | $38336.98               |
| 2025-10-08 | $223180.88                | $241313.00              |
| 2025-10-09 | $9421.00                  | $5057.29                |
| 2025-10-10 | $0.00                     | $8100.99                |
| 2025-10-13 | $1125.00                  | $30553.01               |
| 2025-10-14 | $3900.00                  | $220703.06              |
| 2025-10-15 | $30750.00                 | $1000.00                |
| 2025-10-16 | $10795.00                 | $11128.77               |
| 2025-10-17 | $270.00                   | $4000.00                |
| 2025-10-20 | $2360.00                  | $0.00                   |
| 2025-10-21 | $37350.00                 | $2605.00                |
| 2025-10-22 | $0.00                     | $9408.02                |
| 2025-10-23 | $500.00                   | $13151.96               |
| 2025-10-24 | $25250.00                 | $0.00                   |
| 2025-10-27 | $1325.00                  | $101.03                 |
| 2025-10-28 | $62280.00                 | $26199.45               |
| 2025-10-29 | $4082.50                  | $9356.56                |
| 2025-10-30 | $0.00                     | $73130.00               |
| 2025-10-31 | $20549.99                 | $16000.00               |

**Total Gross Subscriptions (Month):** $1265139.10

**Total Gross Redemptions (Month):** $1268071.40

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2025-10-01 | 2.4700%           |
| 2025-10-02 | 2.4500%           |
| 2025-10-03 | 2.3400%           |
| 2025-10-06 | 2.3100%           |
| 2025-10-07 | 2.2800%           |
| 2025-10-08 | 2.2700%           |
| 2025-10-09 | 2.2600%           |
| 2025-10-10 | 2.2400%           |
| 2025-10-13 | 2.2300%           |
| 2025-10-14 | 2.2000%           |
| 2025-10-15 | 2.1700%           |
| 2025-10-16 | 2.1200%           |
| 2025-10-17 | 1.9600%           |
| 2025-10-20 | 1.9100%           |
| 2025-10-21 | 1.8700%           |
| 2025-10-22 | 1.8500%           |
| 2025-10-23 | 1.9000%           |
| 2025-10-24 | 2.0900%           |
| 2025-10-27 | 2.1500%           |
| 2025-10-28 | 2.2200%           |
| 2025-10-29 | 2.2700%           |
| 2025-10-30 | 2.3300%           |
| 2025-10-31 | 2.5000%           |

**Beneficial/Record Owner Categories**
| Category      | Other Category   | Record Owner %   | Beneficial Owner %   |
|:---|:---|:---|:---|
| Broker-dealer |  | 21.3200%         | 21.3200%             |
| Broker-dealer |  | 20.9100%         | 20.9100%             |

### Class: 1I

- **Minimum Initial Investment:** $1000000.00

- **Net Assets of Class:** $73506551.89

- **Number of Shares Outstanding:** 73430931.4390

- **Expense Reimbursement/Waiver:** 18295.35

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2025-10-01 | 1.0011          |
|  |  |
| 2025-10-02 | 1.0011          |
|  |  |
| 2025-10-03 | 1.0011          |
|  |  |
| 2025-10-06 | 1.0011          |
|  |  |
| 2025-10-07 | 1.0011          |
|  |  |
| 2025-10-08 | 1.0011          |
|  |  |
| 2025-10-09 | 1.0011          |
|  |  |
| 2025-10-10 | 1.0011          |
|  |  |
| 2025-10-13 | 1.0011          |
|  |  |
| 2025-10-14 | 1.0010          |
|  |  |
| 2025-10-15 | 1.0010          |
|  |  |
| 2025-10-16 | 1.0010          |
|  |  |
| 2025-10-17 | 1.0011          |
|  |  |
| 2025-10-20 | 1.0011          |
|  |  |
| 2025-10-21 | 1.0010          |
|  |  |
| 2025-10-22 | 1.0010          |
|  |  |
| 2025-10-23 | 1.0010          |
|  |  |
| 2025-10-24 | 1.0010          |
|  |  |
| 2025-10-27 | 1.0010          |
|  |  |
| 2025-10-28 | 1.0010          |
|  |  |
| 2025-10-29 | 1.0010          |
|  |  |
| 2025-10-30 | 1.0010          |
|  |  |
| 2025-10-31 | 1.0010          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2025-10-01 | $177812.99                | $0.00                   |
| 2025-10-02 | $421466.15                | $263200.00              |
| 2025-10-03 | $59000.00                 | $42820.00               |
| 2025-10-06 | $70600.00                 | $20000.00               |
| 2025-10-07 | $37000.00                 | $77470.00               |
| 2025-10-08 | $0.00                     | $78688.55               |
| 2025-10-09 | $4122.30                  | $100000.00              |
| 2025-10-10 | $84000.00                 | $0.00                   |
| 2025-10-13 | $69100.00                 | $102763.62              |
| 2025-10-14 | $474018.82                | $49960.00               |
| 2025-10-15 | $3180.87                  | $16000.00               |
| 2025-10-16 | $1400.00                  | $122649.57              |
| 2025-10-17 | $0.00                     | $25000.00               |
| 2025-10-20 | $10116.96                 | $200000.00              |
| 2025-10-21 | $2818.99                  | $3624.81                |
| 2025-10-22 | $10000.00                 | $915000.00              |
| 2025-10-23 | $4595.20                  | $369300.00              |
| 2025-10-24 | $739000.00                | $58067.00               |
| 2025-10-27 | $7547.76                  | $156600.00              |
| 2025-10-28 | $20450.00                 | $77472.60               |
| 2025-10-30 | $0.00                     | $180000.00              |
| 2025-10-31 | $0.00                     | $26847.67               |

**Total Gross Subscriptions (Month):** $2196230.04

**Total Gross Redemptions (Month):** $2885463.82

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2025-10-01 | 2.6500%           |
| 2025-10-02 | 2.6200%           |
| 2025-10-03 | 2.5100%           |
| 2025-10-06 | 2.4800%           |
| 2025-10-07 | 2.4500%           |
| 2025-10-08 | 2.4400%           |
| 2025-10-09 | 2.4300%           |
| 2025-10-10 | 2.4100%           |
| 2025-10-13 | 2.4000%           |
| 2025-10-14 | 2.3700%           |
| 2025-10-15 | 2.3400%           |
| 2025-10-16 | 2.2900%           |
| 2025-10-17 | 2.1300%           |
| 2025-10-20 | 2.0800%           |
| 2025-10-21 | 2.0400%           |
| 2025-10-22 | 2.0200%           |
| 2025-10-23 | 2.0700%           |
| 2025-10-24 | 2.2600%           |
| 2025-10-27 | 2.3200%           |
| 2025-10-28 | 2.3900%           |
| 2025-10-29 | 2.4400%           |
| 2025-10-30 | 2.5000%           |
| 2025-10-31 | 2.6700%           |

**Beneficial/Record Owner Categories**
| Category        | Other Category   | Record Owner %   | Beneficial Owner %   |
|:---|:---|:---|:---|
| Retail investor |  | 10.7100%         | 10.7100%             |
| Retail investor |  | 5.1500%          | 5.1500%              |

## Part C: Schedule of Portfolio Securities

### Security 1: COUNTY OF ANNE ARUNDEL MD

- **C.1 - Title:** COUNTY OF ANNE ARUNDEL MD 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 03588HX68, C.4 - ISIN: US03588HX685, C.3 - LEI: 549300L8Q6EFVTZGWW41
- **C.18 - Value (incl. sponsor support):** $252286.23
- **C.18.a - Value (excl. sponsor support):** $252286.23
- **C.19 - Percentage of Net Assets:** 0.2500%
- **C.17 - Yield as of Reporting Date:** 2.7400%
- **C.11 - Maturity Date (WAM):** 2026-04-01
- **C.12 - Maturity Date (WAL):** 2026-04-01
- **C.13 - Final Legal Maturity Date:** 2026-04-01
- **C.10 - Ratings:** Fitch, Inc.: NR; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AAA
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 2: COUNTY OF ANNE ARUNDEL MD

- **C.1 - Title:** COUNTY OF ANNE ARUNDEL MD 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 03588JBK7, C.4 - ISIN: US03588JBK79, C.3 - LEI: 549300L8Q6EFVTZGWW41
- **C.18 - Value (incl. sponsor support):** $204188.02
- **C.18.a - Value (excl. sponsor support):** $204188.02
- **C.19 - Percentage of Net Assets:** 0.2000%
- **C.17 - Yield as of Reporting Date:** 2.6600%
- **C.11 - Maturity Date (WAM):** 2026-10-01
- **C.12 - Maturity Date (WAL):** 2026-10-01
- **C.13 - Final Legal Maturity Date:** 2026-10-01
- **C.10 - Ratings:** Fitch, Inc.: NR; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AAA
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 3: COUNTY OF ANNE ARUNDEL MD

- **C.1 - Title:** COUNTY OF ANNE ARUNDEL MD 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 03588JDL3, C.4 - ISIN: US03588JDL35, C.3 - LEI: 549300L8Q6EFVTZGWW41
- **C.18 - Value (incl. sponsor support):** $237149.05
- **C.18.a - Value (excl. sponsor support):** $237149.05
- **C.19 - Percentage of Net Assets:** 0.2300%
- **C.17 - Yield as of Reporting Date:** 2.7400%
- **C.11 - Maturity Date (WAM):** 2026-04-01
- **C.12 - Maturity Date (WAL):** 2026-04-01
- **C.13 - Final Legal Maturity Date:** 2026-04-01
- **C.10 - Ratings:** Fitch, Inc.: NR; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AAA
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 4: COUNTY OF ANNE ARUNDEL MD

- **C.1 - Title:** COUNTY OF ANNE ARUNDEL MD 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 03588JLL4, C.4 - ISIN: US03588JLL43, C.3 - LEI: 549300L8Q6EFVTZGWW41
- **C.18 - Value (incl. sponsor support):** $2760011.30
- **C.18.a - Value (excl. sponsor support):** $2760011.30
- **C.19 - Percentage of Net Assets:** 2.7100%
- **C.17 - Yield as of Reporting Date:** 2.7400%
- **C.11 - Maturity Date (WAM):** 2026-04-01
- **C.12 - Maturity Date (WAL):** 2026-04-01
- **C.13 - Final Legal Maturity Date:** 2026-04-01
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AAA
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 5: COUNTY OF ANNE ARUNDEL MD

- **C.1 - Title:** COUNTY OF ANNE ARUNDEL MD 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 03588JMT6, C.4 - ISIN: US03588JMT69, C.3 - LEI: 549300L8Q6EFVTZGWW41
- **C.18 - Value (incl. sponsor support):** $576831.16
- **C.18.a - Value (excl. sponsor support):** $576831.16
- **C.19 - Percentage of Net Assets:** 0.5700%
- **C.17 - Yield as of Reporting Date:** 2.6600%
- **C.11 - Maturity Date (WAM):** 2026-10-01
- **C.12 - Maturity Date (WAL):** 2026-10-01
- **C.13 - Final Legal Maturity Date:** 2026-10-01
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AAA
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 6: COUNTY OF BALTIMORE MD

- **C.1 - Title:** COUNTY OF BALTIMORE MD 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 059134EU6, C.4 - ISIN: US059134EU62
- **C.18 - Value (incl. sponsor support):** $3021973.80
- **C.18.a - Value (excl. sponsor support):** $3021973.80
- **C.19 - Percentage of Net Assets:** 2.9700%
- **C.17 - Yield as of Reporting Date:** 2.7200%
- **C.11 - Maturity Date (WAM):** 2026-03-01
- **C.12 - Maturity Date (WAL):** 2026-03-01
- **C.13 - Final Legal Maturity Date:** 2026-03-01
- **C.10 - Ratings:** Fitch, Inc.: AA+; Moody's Investors Service, Inc.: Aa1; Standard and Poor's Ratings Services: AA+
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 7: COUNTY OF BALTIMORE MD

- **C.1 - Title:** COUNTY OF BALTIMORE MD 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 05914GEK0, C.4 - ISIN: US05914GEK04
- **C.18 - Value (incl. sponsor support):** $140743.27
- **C.18.a - Value (excl. sponsor support):** $140743.27
- **C.19 - Percentage of Net Assets:** 0.1400%
- **C.17 - Yield as of Reporting Date:** 2.7800%
- **C.11 - Maturity Date (WAM):** 2026-02-01
- **C.12 - Maturity Date (WAL):** 2026-02-01
- **C.13 - Final Legal Maturity Date:** 2026-02-01
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AAA
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 8: COUNTY OF BALTIMORE MD

- **C.1 - Title:** COUNTY OF BALTIMORE MD 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 05914GFG8, C.4 - ISIN: US05914GFG82
- **C.18 - Value (incl. sponsor support):** $1206370.92
- **C.18.a - Value (excl. sponsor support):** $1206370.92
- **C.19 - Percentage of Net Assets:** 1.1900%
- **C.17 - Yield as of Reporting Date:** 2.7800%
- **C.11 - Maturity Date (WAM):** 2026-02-01
- **C.12 - Maturity Date (WAL):** 2026-02-01
- **C.13 - Final Legal Maturity Date:** 2026-02-01
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AAA
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 9: COUNTY OF BALTIMORE MD

- **C.1 - Title:** COUNTY OF BALTIMORE MD 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 05914GJR0, C.4 - ISIN: US05914GJR02
- **C.18 - Value (incl. sponsor support):** $218315.21
- **C.18.a - Value (excl. sponsor support):** $218315.21
- **C.19 - Percentage of Net Assets:** 0.2100%
- **C.17 - Yield as of Reporting Date:** 2.6300%
- **C.11 - Maturity Date (WAM):** 2026-07-01
- **C.12 - Maturity Date (WAL):** 2026-07-01
- **C.13 - Final Legal Maturity Date:** 2026-07-01
- **C.10 - Ratings:** Fitch, Inc.: NR; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AAA
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 10: COUNTY OF CARROLL MD

- **C.1 - Title:** COUNTY OF CARROLL MD 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 144880AF8, C.4 - ISIN: US144880AF87
- **C.18 - Value (incl. sponsor support):** $465000.00
- **C.18.a - Value (excl. sponsor support):** $465000.00
- **C.19 - Percentage of Net Assets:** 0.4600%
- **C.17 - Yield as of Reporting Date:** 2.6500%
- **C.11 - Maturity Date (WAM):** 2025-11-01
- **C.12 - Maturity Date (WAL):** 2025-11-01
- **C.13 - Final Legal Maturity Date:** 2025-11-01
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AAA
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 11: COUNTY OF CARROLL MD

- **C.1 - Title:** COUNTY OF CARROLL MD 4.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 144880BQ3, C.4 - ISIN: US144880BQ34
- **C.18 - Value (incl. sponsor support):** $400000.00
- **C.18.a - Value (excl. sponsor support):** $400000.00
- **C.19 - Percentage of Net Assets:** 0.3900%
- **C.17 - Yield as of Reporting Date:** 2.5400%
- **C.11 - Maturity Date (WAM):** 2025-11-01
- **C.12 - Maturity Date (WAL):** 2025-11-01
- **C.13 - Final Legal Maturity Date:** 2025-11-01
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AAA
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 12: COUNTY OF CARROLL MD

- **C.1 - Title:** COUNTY OF CARROLL MD 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 144880EN7, C.4 - ISIN: US144880EN75
- **C.18 - Value (incl. sponsor support):** $530000.00
- **C.18.a - Value (excl. sponsor support):** $530000.00
- **C.19 - Percentage of Net Assets:** 0.5200%
- **C.17 - Yield as of Reporting Date:** 2.6700%
- **C.11 - Maturity Date (WAM):** 2025-11-01
- **C.12 - Maturity Date (WAL):** 2025-11-01
- **C.13 - Final Legal Maturity Date:** 2025-11-01
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AAA
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 13: COUNTY OF CECIL MD

- **C.1 - Title:** COUNTY OF CECIL MD 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 14984PCS2, C.4 - ISIN: US14984PCS20
- **C.18 - Value (incl. sponsor support):** $101707.32
- **C.18.a - Value (excl. sponsor support):** $101707.32
- **C.19 - Percentage of Net Assets:** 0.1000%
- **C.17 - Yield as of Reporting Date:** 2.6600%
- **C.11 - Maturity Date (WAM):** 2026-08-01
- **C.12 - Maturity Date (WAL):** 2026-08-01
- **C.13 - Final Legal Maturity Date:** 2026-08-01
- **C.10 - Ratings:** Fitch, Inc.: NR; Moody's Investors Service, Inc.: NR; Standard and Poor's Ratings Services: AA+
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 14: COUNTY OF CHARLES MD

- **C.1 - Title:** COUNTY OF CHARLES MD 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 159808HN7, C.4 - ISIN: US159808HN79
- **C.18 - Value (incl. sponsor support):** $204224.40
- **C.18.a - Value (excl. sponsor support):** $204224.40
- **C.19 - Percentage of Net Assets:** 0.2000%
- **C.17 - Yield as of Reporting Date:** 2.6400%
- **C.11 - Maturity Date (WAM):** 2026-10-01
- **C.12 - Maturity Date (WAL):** 2026-10-01
- **C.13 - Final Legal Maturity Date:** 2026-10-01
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AAA
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 15: COUNTY OF CHARLES MD

- **C.1 - Title:** COUNTY OF CHARLES MD 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 159808ME1, C.4 - ISIN: US159808ME16
- **C.18 - Value (incl. sponsor support):** $255280.50
- **C.18.a - Value (excl. sponsor support):** $255280.50
- **C.19 - Percentage of Net Assets:** 0.2500%
- **C.17 - Yield as of Reporting Date:** 2.6400%
- **C.11 - Maturity Date (WAM):** 2026-10-01
- **C.12 - Maturity Date (WAL):** 2026-10-01
- **C.13 - Final Legal Maturity Date:** 2026-10-01
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AAA
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 16: COUNTY OF CHARLES MD

- **C.1 - Title:** COUNTY OF CHARLES MD 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 159808TB0, C.4 - ISIN: US159808TB04
- **C.18 - Value (incl. sponsor support):** $117429.03
- **C.18.a - Value (excl. sponsor support):** $117429.03
- **C.19 - Percentage of Net Assets:** 0.1200%
- **C.17 - Yield as of Reporting Date:** 2.6400%
- **C.11 - Maturity Date (WAM):** 2026-10-01
- **C.12 - Maturity Date (WAL):** 2026-10-01
- **C.13 - Final Legal Maturity Date:** 2026-10-01
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AAA
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 17: COUNTY OF HARFORD MD

- **C.1 - Title:** COUNTY OF HARFORD MD 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 412487FU9, C.4 - ISIN: US412487FU99, C.3 - LEI: 549300BAMXA3G0J23I39
- **C.18 - Value (incl. sponsor support):** $102003.43
- **C.18.a - Value (excl. sponsor support):** $102003.43
- **C.19 - Percentage of Net Assets:** 0.1000%
- **C.17 - Yield as of Reporting Date:** 2.6400%
- **C.11 - Maturity Date (WAM):** 2026-09-15
- **C.12 - Maturity Date (WAL):** 2026-09-15
- **C.13 - Final Legal Maturity Date:** 2026-09-15
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AAA
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 18: COUNTY OF HOWARD MD

- **C.1 - Title:** COUNTY OF HOWARD MD 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 44256P3F8, C.4 - ISIN: US44256P3F88
- **C.18 - Value (incl. sponsor support):** $254600.13
- **C.18.a - Value (excl. sponsor support):** $254600.13
- **C.19 - Percentage of Net Assets:** 0.2500%
- **C.17 - Yield as of Reporting Date:** 2.6100%
- **C.11 - Maturity Date (WAM):** 2026-08-15
- **C.12 - Maturity Date (WAL):** 2026-08-15
- **C.13 - Final Legal Maturity Date:** 2026-08-15
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AAA
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 19: COUNTY OF HOWARD MD

- **C.1 - Title:** COUNTY OF HOWARD MD 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 44256PDN0, C.4 - ISIN: US44256PDN06
- **C.18 - Value (incl. sponsor support):** $1202768.93
- **C.18.a - Value (excl. sponsor support):** $1202768.93
- **C.19 - Percentage of Net Assets:** 1.1800%
- **C.17 - Yield as of Reporting Date:** 2.6600%
- **C.11 - Maturity Date (WAM):** 2026-02-15
- **C.12 - Maturity Date (WAL):** 2026-02-15
- **C.13 - Final Legal Maturity Date:** 2026-02-15
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AAA
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 20: COUNTY OF HOWARD MD

- **C.1 - Title:** COUNTY OF HOWARD MD 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 44256PGJ6, C.4 - ISIN: US44256PGJ66
- **C.18 - Value (incl. sponsor support):** $226462.77
- **C.18.a - Value (excl. sponsor support):** $226462.77
- **C.19 - Percentage of Net Assets:** 0.2200%
- **C.17 - Yield as of Reporting Date:** 2.6600%
- **C.11 - Maturity Date (WAM):** 2026-02-15
- **C.12 - Maturity Date (WAL):** 2026-02-15
- **C.13 - Final Legal Maturity Date:** 2026-02-15
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AAA
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 21: COUNTY OF HOWARD MD

- **C.1 - Title:** COUNTY OF HOWARD MD 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 44256PGY3, C.4 - ISIN: US44256PGY34
- **C.18 - Value (incl. sponsor support):** $754875.90
- **C.18.a - Value (excl. sponsor support):** $754875.90
- **C.19 - Percentage of Net Assets:** 0.7400%
- **C.17 - Yield as of Reporting Date:** 2.6600%
- **C.11 - Maturity Date (WAM):** 2026-02-15
- **C.12 - Maturity Date (WAL):** 2026-02-15
- **C.13 - Final Legal Maturity Date:** 2026-02-15
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AAA
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 22: COUNTY OF HOWARD MD

- **C.1 - Title:** COUNTY OF HOWARD MD 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 44256PKL6, C.4 - ISIN: US44256PKL66
- **C.18 - Value (incl. sponsor support):** $402600.48
- **C.18.a - Value (excl. sponsor support):** $402600.48
- **C.19 - Percentage of Net Assets:** 0.4000%
- **C.17 - Yield as of Reporting Date:** 2.6600%
- **C.11 - Maturity Date (WAM):** 2026-02-15
- **C.12 - Maturity Date (WAL):** 2026-02-15
- **C.13 - Final Legal Maturity Date:** 2026-02-15
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AAA
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 23: COUNTY OF HOWARD MD

- **C.1 - Title:** COUNTY OF HOWARD MD 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 44256PLD3, C.4 - ISIN: US44256PLD32
- **C.18 - Value (incl. sponsor support):** $100650.12
- **C.18.a - Value (excl. sponsor support):** $100650.12
- **C.19 - Percentage of Net Assets:** 0.1000%
- **C.17 - Yield as of Reporting Date:** 2.6600%
- **C.11 - Maturity Date (WAM):** 2026-02-15
- **C.12 - Maturity Date (WAL):** 2026-02-15
- **C.13 - Final Legal Maturity Date:** 2026-02-15
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AAA
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 24: HOWARD COUNTY HOUSING COMMISSION

- **C.1 - Title:** HOWARD COUNTY HOUSING COMMISSION 3.250000%
- **C.6 - Investment Category:** Variable Rate Demand Note
- **Identifiers:** C.3 - CUSIP: 442577EB4, C.4 - ISIN: US442577EB42, C.3 - LEI: 5493007CCS6UI1IIE878
- **C.18 - Value (incl. sponsor support):** $4800000.00
- **C.18.a - Value (excl. sponsor support):** $4800000.00
- **C.19 - Percentage of Net Assets:** 4.7200%
- **C.17 - Yield as of Reporting Date:** 3.2500%
- **C.11 - Maturity Date (WAM):** 2025-11-07
- **C.12 - Maturity Date (WAL):** 2025-11-07
- **C.13 - Final Legal Maturity Date:** 2062-12-01
- **C.10 - Ratings:** Fitch, Inc.: NR; Moody's Investors Service, Inc.: NR; Standard and Poor's Ratings Services: A-1
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? Yes, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 25: STATE OF MARYLAND

- **C.1 - Title:** STATE OF MARYLAND 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 574193RB6, C.4 - ISIN: US574193RB66
- **C.18 - Value (incl. sponsor support):** $383203.86
- **C.18.a - Value (excl. sponsor support):** $383203.86
- **C.19 - Percentage of Net Assets:** 0.3800%
- **C.17 - Yield as of Reporting Date:** 2.6600%
- **C.11 - Maturity Date (WAM):** 2026-03-15
- **C.12 - Maturity Date (WAL):** 2026-03-15
- **C.13 - Final Legal Maturity Date:** 2026-03-15
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aa1; Standard and Poor's Ratings Services: AAA
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 26: MARYLAND COMMUNITY DEVELOPMENT ADMINISTRATION

- **C.1 - Title:** MARYLAND COMMUNITY DEVELOPMENT ADMINISTRATION 3.250000%
- **C.6 - Investment Category:** Variable Rate Demand Note
- **Identifiers:** C.3 - CUSIP: 57419PBU2, C.4 - ISIN: US57419PBU21
- **C.18 - Value (incl. sponsor support):** $2835000.00
- **C.18.a - Value (excl. sponsor support):** $2835000.00
- **C.19 - Percentage of Net Assets:** 2.7900%
- **C.17 - Yield as of Reporting Date:** 3.2500%
- **C.11 - Maturity Date (WAM):** 2025-11-07
- **C.12 - Maturity Date (WAL):** 2025-11-07
- **C.13 - Final Legal Maturity Date:** 2040-09-01
- **C.10 - Ratings:** Fitch, Inc.: F-1+; Moody's Investors Service, Inc.: VMIG1; Standard and Poor's Ratings Services: NR
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 27: MARYLAND COMMUNITY DEVELOPMENT ADMINISTRATION

- **C.1 - Title:** MARYLAND COMMUNITY DEVELOPMENT ADMINISTRATION 3.250000%
- **C.6 - Investment Category:** Variable Rate Demand Note
- **Identifiers:** C.3 - CUSIP: 57419PCJ6, C.4 - ISIN: US57419PCJ66
- **C.18 - Value (incl. sponsor support):** $1040000.00
- **C.18.a - Value (excl. sponsor support):** $1040000.00
- **C.19 - Percentage of Net Assets:** 1.0200%
- **C.17 - Yield as of Reporting Date:** 3.2500%
- **C.11 - Maturity Date (WAM):** 2025-11-07
- **C.12 - Maturity Date (WAL):** 2025-11-07
- **C.13 - Final Legal Maturity Date:** 2040-09-01
- **C.10 - Ratings:** Fitch, Inc.: F-1+; Moody's Investors Service, Inc.: VMIG1; Standard and Poor's Ratings Services: NR
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 28: MARYLAND COMMUNITY DEVELOPMENT ADMINISTRATION

- **C.1 - Title:** MARYLAND COMMUNITY DEVELOPMENT ADMINISTRATION 3.300000%
- **C.6 - Investment Category:** Variable Rate Demand Note
- **Identifiers:** C.3 - CUSIP: 57419PPP8, C.4 - ISIN: US57419PPP89
- **C.18 - Value (incl. sponsor support):** $2295000.00
- **C.18.a - Value (excl. sponsor support):** $2295000.00
- **C.19 - Percentage of Net Assets:** 2.2600%
- **C.17 - Yield as of Reporting Date:** 3.3000%
- **C.11 - Maturity Date (WAM):** 2025-11-07
- **C.12 - Maturity Date (WAL):** 2025-11-07
- **C.13 - Final Legal Maturity Date:** 2037-12-01
- **C.10 - Ratings:** Fitch, Inc.: NR; Moody's Investors Service, Inc.: VMIG1; Standard and Poor's Ratings Services: NR
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? Yes, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 29: MARYLAND COMMUNITY DEVELOPMENT ADMINISTRATION

- **C.1 - Title:** MARYLAND COMMUNITY DEVELOPMENT ADMINISTRATION 3.240000%
- **C.6 - Investment Category:** Variable Rate Demand Note
- **Identifiers:** C.3 - CUSIP: 57419PRY7, C.4 - ISIN: US57419PRY78
- **C.18 - Value (incl. sponsor support):** $2785000.00
- **C.18.a - Value (excl. sponsor support):** $2785000.00
- **C.19 - Percentage of Net Assets:** 2.7400%
- **C.17 - Yield as of Reporting Date:** 3.2400%
- **C.11 - Maturity Date (WAM):** 2025-11-07
- **C.12 - Maturity Date (WAL):** 2025-11-07
- **C.13 - Final Legal Maturity Date:** 2041-03-01
- **C.10 - Ratings:** Fitch, Inc.: NR; Moody's Investors Service, Inc.: VMIG1; Standard and Poor's Ratings Services: NR
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? Yes, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 30: MARYLAND COMMUNITY DEVELOPMENT ADMINISTRATION

- **C.1 - Title:** MARYLAND COMMUNITY DEVELOPMENT ADMINISTRATION 3.250000%
- **C.6 - Investment Category:** Variable Rate Demand Note
- **Identifiers:** C.3 - CUSIP: 57419PSV2, C.4 - ISIN: US57419PSV21
- **C.18 - Value (incl. sponsor support):** $4725000.00
- **C.18.a - Value (excl. sponsor support):** $4725000.00
- **C.19 - Percentage of Net Assets:** 4.6500%
- **C.17 - Yield as of Reporting Date:** 3.2500%
- **C.11 - Maturity Date (WAM):** 2025-11-07
- **C.12 - Maturity Date (WAL):** 2025-11-07
- **C.13 - Final Legal Maturity Date:** 2038-12-01
- **C.10 - Ratings:** Fitch, Inc.: NR; Moody's Investors Service, Inc.: VMIG1; Standard and Poor's Ratings Services: NR
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? Yes, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 31: MARYLAND DEPARTMENT OF HOUSING & COMMUNITY DEVELOPMENT

- **C.1 - Title:** MARYLAND DEPARTMENT OF HOUSING & COMMUNITY DEVELOPMENT 2.900000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 57419UPX0, C.4 - ISIN: US57419UPX09, C.3 - LEI: 549300Q5BSL77YR7NP93
- **C.18 - Value (incl. sponsor support):** $399920.36
- **C.18.a - Value (excl. sponsor support):** $399920.36
- **C.19 - Percentage of Net Assets:** 0.3900%
- **C.17 - Yield as of Reporting Date:** 2.9500%
- **C.11 - Maturity Date (WAM):** 2026-03-01
- **C.12 - Maturity Date (WAL):** 2026-03-01
- **C.13 - Final Legal Maturity Date:** 2026-03-01
- **C.10 - Ratings:** Fitch, Inc.: AA+; Moody's Investors Service, Inc.: Aa1; Standard and Poor's Ratings Services: NR
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 32: STATE OF MARYLAND DEPARTMENT OF TRANSPORTATION

- **C.1 - Title:** STATE OF MARYLAND DEPARTMENT OF TRANSPORTATION 4.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 574204E82, C.4 - ISIN: US574204E821
- **C.18 - Value (incl. sponsor support):** $202297.76
- **C.18.a - Value (excl. sponsor support):** $202297.76
- **C.19 - Percentage of Net Assets:** 0.2000%
- **C.17 - Yield as of Reporting Date:** 2.5800%
- **C.11 - Maturity Date (WAM):** 2026-09-01
- **C.12 - Maturity Date (WAL):** 2026-09-01
- **C.13 - Final Legal Maturity Date:** 2026-09-01
- **C.10 - Ratings:** Fitch, Inc.: AA+; Moody's Investors Service, Inc.: Aa1; Standard and Poor's Ratings Services: AAA
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 33: STATE OF MARYLAND DEPARTMENT OF TRANSPORTATION

- **C.1 - Title:** STATE OF MARYLAND DEPARTMENT OF TRANSPORTATION 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 574204J95, C.4 - ISIN: US574204J952
- **C.18 - Value (incl. sponsor support):** $354031.44
- **C.18.a - Value (excl. sponsor support):** $354031.44
- **C.19 - Percentage of Net Assets:** 0.3500%
- **C.17 - Yield as of Reporting Date:** 2.6400%
- **C.11 - Maturity Date (WAM):** 2026-05-01
- **C.12 - Maturity Date (WAL):** 2026-05-01
- **C.13 - Final Legal Maturity Date:** 2026-05-01
- **C.10 - Ratings:** Fitch, Inc.: AA+; Moody's Investors Service, Inc.: Aa1; Standard and Poor's Ratings Services: AAA
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 34: STATE OF MARYLAND DEPARTMENT OF TRANSPORTATION

- **C.1 - Title:** STATE OF MARYLAND DEPARTMENT OF TRANSPORTATION 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 574204L68, C.4 - ISIN: US574204L685
- **C.18 - Value (incl. sponsor support):** $127714.23
- **C.18.a - Value (excl. sponsor support):** $127714.23
- **C.19 - Percentage of Net Assets:** 0.1300%
- **C.17 - Yield as of Reporting Date:** 2.5700%
- **C.11 - Maturity Date (WAM):** 2026-10-01
- **C.12 - Maturity Date (WAL):** 2026-10-01
- **C.13 - Final Legal Maturity Date:** 2026-10-01
- **C.10 - Ratings:** Fitch, Inc.: AA+; Moody's Investors Service, Inc.: Aa1; Standard and Poor's Ratings Services: AAA
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 35: STATE OF MARYLAND DEPARTMENT OF TRANSPORTATION

- **C.1 - Title:** STATE OF MARYLAND DEPARTMENT OF TRANSPORTATION 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 574204N25, C.4 - ISIN: US574204N251
- **C.18 - Value (incl. sponsor support):** $102171.38
- **C.18.a - Value (excl. sponsor support):** $102171.38
- **C.19 - Percentage of Net Assets:** 0.1000%
- **C.17 - Yield as of Reporting Date:** 2.5700%
- **C.11 - Maturity Date (WAM):** 2026-10-01
- **C.12 - Maturity Date (WAL):** 2026-10-01
- **C.13 - Final Legal Maturity Date:** 2026-10-01
- **C.10 - Ratings:** Fitch, Inc.: AA+; Moody's Investors Service, Inc.: Aa1; Standard and Poor's Ratings Services: AAA
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 36: STATE OF MARYLAND DEPARTMENT OF TRANSPORTATION

- **C.1 - Title:** STATE OF MARYLAND DEPARTMENT OF TRANSPORTATION 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 574204R21, C.4 - ISIN: US574204R211
- **C.18 - Value (incl. sponsor support):** $137931.36
- **C.18.a - Value (excl. sponsor support):** $137931.36
- **C.19 - Percentage of Net Assets:** 0.1400%
- **C.17 - Yield as of Reporting Date:** 2.5700%
- **C.11 - Maturity Date (WAM):** 2026-10-01
- **C.12 - Maturity Date (WAL):** 2026-10-01
- **C.13 - Final Legal Maturity Date:** 2026-10-01
- **C.10 - Ratings:** Fitch, Inc.: AA+; Moody's Investors Service, Inc.: Aa1; Standard and Poor's Ratings Services: AAA
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 37: STATE OF MARYLAND DEPARTMENT OF TRANSPORTATION

- **C.1 - Title:** STATE OF MARYLAND DEPARTMENT OF TRANSPORTATION 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 574204S87, C.4 - ISIN: US574204S870
- **C.18 - Value (incl. sponsor support):** $921591.23
- **C.18.a - Value (excl. sponsor support):** $921591.23
- **C.19 - Percentage of Net Assets:** 0.9100%
- **C.17 - Yield as of Reporting Date:** 2.7100%
- **C.11 - Maturity Date (WAM):** 2025-12-01
- **C.12 - Maturity Date (WAL):** 2025-12-01
- **C.13 - Final Legal Maturity Date:** 2025-12-01
- **C.10 - Ratings:** Fitch, Inc.: AA+; Moody's Investors Service, Inc.: Aa1; Standard and Poor's Ratings Services: AAA
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 38: STATE OF MARYLAND DEPARTMENT OF TRANSPORTATION

- **C.1 - Title:** STATE OF MARYLAND DEPARTMENT OF TRANSPORTATION 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 574204T78, C.4 - ISIN: US574204T787
- **C.18 - Value (incl. sponsor support):** $1001729.60
- **C.18.a - Value (excl. sponsor support):** $1001729.60
- **C.19 - Percentage of Net Assets:** 0.9900%
- **C.17 - Yield as of Reporting Date:** 2.7100%
- **C.11 - Maturity Date (WAM):** 2025-12-01
- **C.12 - Maturity Date (WAL):** 2025-12-01
- **C.13 - Final Legal Maturity Date:** 2025-12-01
- **C.10 - Ratings:** Fitch, Inc.: AA+; Moody's Investors Service, Inc.: Aa1; Standard and Poor's Ratings Services: AAA
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 39: STATE OF MARYLAND DEPARTMENT OF TRANSPORTATION

- **C.1 - Title:** STATE OF MARYLAND DEPARTMENT OF TRANSPORTATION 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 574204U50, C.4 - ISIN: US574204U504
- **C.18 - Value (incl. sponsor support):** $240415.10
- **C.18.a - Value (excl. sponsor support):** $240415.10
- **C.19 - Percentage of Net Assets:** 0.2400%
- **C.17 - Yield as of Reporting Date:** 2.7100%
- **C.11 - Maturity Date (WAM):** 2025-12-01
- **C.12 - Maturity Date (WAL):** 2025-12-01
- **C.13 - Final Legal Maturity Date:** 2025-12-01
- **C.10 - Ratings:** Fitch, Inc.: AA+; Moody's Investors Service, Inc.: Aa1; Standard and Poor's Ratings Services: AAA
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 40: MARYLAND ECONOMIC DEVELOPMENT CORP

- **C.1 - Title:** MARYLAND ECONOMIC DEVELOPMENT CORP 3.000000%
- **C.6 - Investment Category:** Variable Rate Demand Note
- **Identifiers:** C.3 - CUSIP: 574205FY1, C.4 - ISIN: US574205FY10, C.3 - LEI: 549300JJ16DDBSZWSN94
- **C.18 - Value (incl. sponsor support):** $5890000.00
- **C.18.a - Value (excl. sponsor support):** $5890000.00
- **C.19 - Percentage of Net Assets:** 5.7900%
- **C.17 - Yield as of Reporting Date:** 3.0000%
- **C.11 - Maturity Date (WAM):** 2025-11-07
- **C.12 - Maturity Date (WAL):** 2025-11-07
- **C.13 - Final Legal Maturity Date:** 2043-02-15
- **C.10 - Ratings:** Fitch, Inc.: NR; Moody's Investors Service, Inc.: VMIG1; Standard and Poor's Ratings Services: A-1+
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 41: MARYLAND ECONOMIC DEVELOPMENT CORP

- **C.1 - Title:** MARYLAND ECONOMIC DEVELOPMENT CORP 3.200000%
- **C.6 - Investment Category:** Variable Rate Demand Note
- **Identifiers:** C.3 - CUSIP: 574205FZ8, C.4 - ISIN: US574205FZ84, C.3 - LEI: 549300JJ16DDBSZWSN94
- **C.18 - Value (incl. sponsor support):** $2300000.00
- **C.18.a - Value (excl. sponsor support):** $2300000.00
- **C.19 - Percentage of Net Assets:** 2.2600%
- **C.17 - Yield as of Reporting Date:** 3.2000%
- **C.11 - Maturity Date (WAM):** 2025-11-07
- **C.12 - Maturity Date (WAL):** 2025-11-07
- **C.13 - Final Legal Maturity Date:** 2043-05-15
- **C.10 - Ratings:** Fitch, Inc.: NR; Moody's Investors Service, Inc.: VMIG1; Standard and Poor's Ratings Services: A-1+
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 42: MARYLAND HEALTH & HIGHER EDUCATIONAL FACILITIES AUTHORITY

- **C.1 - Title:** MARYLAND HEALTH & HIGHER EDUCATIONAL FACILITIES AUTHORITY 3.270000%
- **C.6 - Investment Category:** Variable Rate Demand Note
- **Identifiers:** C.3 - CUSIP: 574215RC5, C.4 - ISIN: US574215RC51
- **C.18 - Value (incl. sponsor support):** $1485000.00
- **C.18.a - Value (excl. sponsor support):** $1485000.00
- **C.19 - Percentage of Net Assets:** 1.4600%
- **C.17 - Yield as of Reporting Date:** 3.2700%
- **C.11 - Maturity Date (WAM):** 2025-11-07
- **C.12 - Maturity Date (WAL):** 2025-11-07
- **C.13 - Final Legal Maturity Date:** 2035-04-01
- **C.10 - Ratings:** Fitch, Inc.: NR; Moody's Investors Service, Inc.: VMIG1; Standard and Poor's Ratings Services: NR
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? Yes, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 43: MARYLAND HEALTH & HIGHER EDUCATIONAL FACILITIES AUTHORITY

- **C.1 - Title:** MARYLAND HEALTH & HIGHER EDUCATIONAL FACILITIES AUTHORITY 3.250000%
- **C.6 - Investment Category:** Variable Rate Demand Note
- **Identifiers:** C.3 - CUSIP: 574215RD3, C.4 - ISIN: US574215RD35
- **C.18 - Value (incl. sponsor support):** $2100000.00
- **C.18.a - Value (excl. sponsor support):** $2100000.00
- **C.19 - Percentage of Net Assets:** 2.0600%
- **C.17 - Yield as of Reporting Date:** 3.2500%
- **C.11 - Maturity Date (WAM):** 2025-11-07
- **C.12 - Maturity Date (WAL):** 2025-11-07
- **C.13 - Final Legal Maturity Date:** 2035-04-01
- **C.10 - Ratings:** Fitch, Inc.: AA-; Moody's Investors Service, Inc.: VMIG1; Standard and Poor's Ratings Services: NR
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? Yes, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 44: MARYLAND HEALTH & HIGHER EDUCATIONAL FACILITIES AUTHORITY

- **C.1 - Title:** MARYLAND HEALTH & HIGHER EDUCATIONAL FACILITIES AUTHORITY 4.000000%
- **C.6 - Investment Category:** Variable Rate Demand Note
- **Identifiers:** C.3 - CUSIP: 574217V28, C.4 - ISIN: US574217V280
- **C.18 - Value (incl. sponsor support):** $3900000.00
- **C.18.a - Value (excl. sponsor support):** $3900000.00
- **C.19 - Percentage of Net Assets:** 3.8300%
- **C.17 - Yield as of Reporting Date:** 4.0000%
- **C.11 - Maturity Date (WAM):** 2025-11-01
- **C.12 - Maturity Date (WAL):** 2025-11-03
- **C.13 - Final Legal Maturity Date:** 2041-07-01
- **C.10 - Ratings:** Fitch, Inc.: F-1+; Moody's Investors Service, Inc.: VMIG1; Standard and Poor's Ratings Services: A-1
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? Yes, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 45: MARYLAND HEALTH & HIGHER EDUCATIONAL FACILITIES AUTHORITY

- **C.1 - Title:** MARYLAND HEALTH & HIGHER EDUCATIONAL FACILITIES AUTHORITY 3.250000%
- **C.6 - Investment Category:** Variable Rate Demand Note
- **Identifiers:** C.3 - CUSIP: 574217VC6, C.4 - ISIN: US574217VC61
- **C.18 - Value (incl. sponsor support):** $6775000.00
- **C.18.a - Value (excl. sponsor support):** $6775000.00
- **C.19 - Percentage of Net Assets:** 6.6600%
- **C.17 - Yield as of Reporting Date:** 3.2500%
- **C.11 - Maturity Date (WAM):** 2025-11-07
- **C.12 - Maturity Date (WAL):** 2025-11-07
- **C.13 - Final Legal Maturity Date:** 2036-07-01
- **C.10 - Ratings:** Fitch, Inc.: F-1+; Moody's Investors Service, Inc.: VMIG1; Standard and Poor's Ratings Services: A-1+
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 46: MARYLAND HEALTH & HIGHER EDUCATIONAL FACILITIES AUTHORITY

- **C.1 - Title:** MARYLAND HEALTH & HIGHER EDUCATIONAL FACILITIES AUTHORITY 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 5742183U5, C.4 - ISIN: US5742183U52
- **C.18 - Value (incl. sponsor support):** $141746.84
- **C.18.a - Value (excl. sponsor support):** $141746.84
- **C.19 - Percentage of Net Assets:** 0.1400%
- **C.17 - Yield as of Reporting Date:** 3.0700%
- **C.11 - Maturity Date (WAM):** 2026-07-01
- **C.12 - Maturity Date (WAL):** 2026-07-01
- **C.13 - Final Legal Maturity Date:** 2026-07-01
- **C.10 - Ratings:** Fitch, Inc.: NR; Moody's Investors Service, Inc.: A1; Standard and Poor's Ratings Services: A+
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 47: MARYLAND HEALTH & HIGHER EDUCATIONAL FACILITIES AUTHORITY

- **C.1 - Title:** MARYLAND HEALTH & HIGHER EDUCATIONAL FACILITIES AUTHORITY 3.300000%
- **C.6 - Investment Category:** Variable Rate Demand Note
- **Identifiers:** C.3 - CUSIP: 57421CGD0, C.4 - ISIN: US57421CGD02
- **C.18 - Value (incl. sponsor support):** $4800000.00
- **C.18.a - Value (excl. sponsor support):** $4800000.00
- **C.19 - Percentage of Net Assets:** 4.7200%
- **C.17 - Yield as of Reporting Date:** 3.3000%
- **C.11 - Maturity Date (WAM):** 2025-11-07
- **C.12 - Maturity Date (WAL):** 2025-11-07
- **C.13 - Final Legal Maturity Date:** 2042-06-01
- **C.10 - Ratings:** Fitch, Inc.: NR; Moody's Investors Service, Inc.: VMIG1; Standard and Poor's Ratings Services: A-1+
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 48: MARYLAND HEALTH & HIGHER EDUCATIONAL FACILITIES AUTHORITY

- **C.1 - Title:** MARYLAND HEALTH & HIGHER EDUCATIONAL FACILITIES AUTHORITY 3.250000%
- **C.6 - Investment Category:** Variable Rate Demand Note
- **Identifiers:** C.3 - CUSIP: 57421CHX5, C.4 - ISIN: US57421CHX56
- **C.18 - Value (incl. sponsor support):** $300000.00
- **C.18.a - Value (excl. sponsor support):** $300000.00
- **C.19 - Percentage of Net Assets:** 0.2900%
- **C.17 - Yield as of Reporting Date:** 3.2500%
- **C.11 - Maturity Date (WAM):** 2025-11-07
- **C.12 - Maturity Date (WAL):** 2025-11-07
- **C.13 - Final Legal Maturity Date:** 2055-07-01
- **C.10 - Ratings:** Fitch, Inc.: NR; Moody's Investors Service, Inc.: VMIG1; Standard and Poor's Ratings Services: A-1
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? Yes, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 49: MARYLAND STADIUM AUTHORITY

- **C.1 - Title:** MARYLAND STADIUM AUTHORITY 3.270000%
- **C.6 - Investment Category:** Variable Rate Demand Note
- **Identifiers:** C.3 - CUSIP: 574297CT2, C.4 - ISIN: US574297CT27, C.3 - LEI: 549300VA283TTQRDNF71
- **C.18 - Value (incl. sponsor support):** $1925000.00
- **C.18.a - Value (excl. sponsor support):** $1925000.00
- **C.19 - Percentage of Net Assets:** 1.8900%
- **C.17 - Yield as of Reporting Date:** 3.2700%
- **C.11 - Maturity Date (WAM):** 2025-11-06
- **C.12 - Maturity Date (WAL):** 2025-11-07
- **C.13 - Final Legal Maturity Date:** 2026-03-01
- **C.10 - Ratings:** Fitch, Inc.: F-1; Moody's Investors Service, Inc.: VMIG1; Standard and Poor's Ratings Services: A-1
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 50: MARYLAND STATE TRANSPORTATION AUTHORITY

- **C.1 - Title:** MARYLAND STATE TRANSPORTATION AUTHORITY 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 574300LX5, C.4 - ISIN: US574300LX58, C.3 - LEI: 254900MKNK0MO0Z4X426
- **C.18 - Value (incl. sponsor support):** $456894.18
- **C.18.a - Value (excl. sponsor support):** $456894.18
- **C.19 - Percentage of Net Assets:** 0.4500%
- **C.17 - Yield as of Reporting Date:** 2.6400%
- **C.11 - Maturity Date (WAM):** 2026-07-01
- **C.12 - Maturity Date (WAL):** 2026-07-01
- **C.13 - Final Legal Maturity Date:** 2026-07-01
- **C.10 - Ratings:** Fitch, Inc.: AA; Moody's Investors Service, Inc.: Aa2; Standard and Poor's Ratings Services: AA-
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 51: MARYLAND STATE TRANSPORTATION AUTHORITY

- **C.1 - Title:** MARYLAND STATE TRANSPORTATION AUTHORITY 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 574300PB9, C.4 - ISIN: US574300PB92, C.3 - LEI: 254900MKNK0MO0Z4X426
- **C.18 - Value (incl. sponsor support):** $913788.36
- **C.18.a - Value (excl. sponsor support):** $913788.36
- **C.19 - Percentage of Net Assets:** 0.9000%
- **C.17 - Yield as of Reporting Date:** 2.6400%
- **C.11 - Maturity Date (WAM):** 2026-07-01
- **C.12 - Maturity Date (WAL):** 2026-07-01
- **C.13 - Final Legal Maturity Date:** 2026-07-01
- **C.10 - Ratings:** Fitch, Inc.: AA; Moody's Investors Service, Inc.: Aa2; Standard and Poor's Ratings Services: NR
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 52: COUNTY OF MONTGOMERY MD

- **C.1 - Title:** COUNTY OF MONTGOMERY MD 3.700000%
- **C.6 - Investment Category:** Variable Rate Demand Note
- **Identifiers:** C.3 - CUSIP: 6133408D3, C.4 - ISIN: US6133408D38, C.3 - LEI: 549300GNX5SDUEBKPK13
- **C.18 - Value (incl. sponsor support):** $4790000.00
- **C.18.a - Value (excl. sponsor support):** $4790000.00
- **C.19 - Percentage of Net Assets:** 4.7100%
- **C.17 - Yield as of Reporting Date:** 3.7000%
- **C.11 - Maturity Date (WAM):** 2025-11-01
- **C.12 - Maturity Date (WAL):** 2025-11-03
- **C.13 - Final Legal Maturity Date:** 2037-11-01
- **C.10 - Ratings:** Fitch, Inc.: F-1; Moody's Investors Service, Inc.: VMIG1; Standard and Poor's Ratings Services: A-1
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 53: MONTGOMERY COUNTY HOUSING OPPORTUNITIES COMMISSION

- **C.1 - Title:** MONTGOMERY COUNTY HOUSING OPPORTUNITIES COMMISSION 3.250000%
- **C.6 - Investment Category:** Variable Rate Demand Note
- **Identifiers:** C.3 - CUSIP: 6133495Z8, C.4 - ISIN: US6133495Z85, C.3 - LEI: 549300HDL0LLRHMDL092
- **C.18 - Value (incl. sponsor support):** $1000000.00
- **C.18.a - Value (excl. sponsor support):** $1000000.00
- **C.19 - Percentage of Net Assets:** 0.9800%
- **C.17 - Yield as of Reporting Date:** 3.2500%
- **C.11 - Maturity Date (WAM):** 2025-11-07
- **C.12 - Maturity Date (WAL):** 2025-11-07
- **C.13 - Final Legal Maturity Date:** 2041-01-01
- **C.10 - Ratings:** Fitch, Inc.: NR; Moody's Investors Service, Inc.: VMIG1; Standard and Poor's Ratings Services: NR
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? Yes, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 54: MONTGOMERY COUNTY HOUSING OPPORTUNITIES COMMISSION

- **C.1 - Title:** MONTGOMERY COUNTY HOUSING OPPORTUNITIES COMMISSION 3.250000%
- **C.6 - Investment Category:** Variable Rate Demand Note
- **Identifiers:** C.3 - CUSIP: 6133497H6, C.4 - ISIN: US6133497H69, C.3 - LEI: 549300HDL0LLRHMDL092
- **C.18 - Value (incl. sponsor support):** $1150000.00
- **C.18.a - Value (excl. sponsor support):** $1150000.00
- **C.19 - Percentage of Net Assets:** 1.1300%
- **C.17 - Yield as of Reporting Date:** 3.2500%
- **C.11 - Maturity Date (WAM):** 2025-11-07
- **C.12 - Maturity Date (WAL):** 2025-11-07
- **C.13 - Final Legal Maturity Date:** 2049-01-01
- **C.10 - Ratings:** Fitch, Inc.: NR; Moody's Investors Service, Inc.: VMIG1; Standard and Poor's Ratings Services: NR
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? Yes, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 55: MONTGOMERY COUNTY HOUSING OPPORTUNITIES COMMISSION

- **C.1 - Title:** MONTGOMERY COUNTY HOUSING OPPORTUNITIES COMMISSION 3.320000%
- **C.6 - Investment Category:** Variable Rate Demand Note
- **Identifiers:** C.3 - CUSIP: 61334MXK1, C.4 - ISIN: US61334MXK16, C.3 - LEI: 549300HDL0LLRHMDL092
- **C.18 - Value (incl. sponsor support):** $2400000.00
- **C.18.a - Value (excl. sponsor support):** $2400000.00
- **C.19 - Percentage of Net Assets:** 2.3600%
- **C.17 - Yield as of Reporting Date:** 3.3200%
- **C.11 - Maturity Date (WAM):** 2025-11-07
- **C.12 - Maturity Date (WAL):** 2025-11-07
- **C.13 - Final Legal Maturity Date:** 2049-01-01
- **C.10 - Ratings:** Fitch, Inc.: NR; Moody's Investors Service, Inc.: VMIG1; Standard and Poor's Ratings Services: NR
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? Yes, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 56: COUNTY OF MONTGOMERY MD

- **C.1 - Title:** COUNTY OF MONTGOMERY MD 2.900000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 61336PES6, C.4 - ISIN: US61336PES65, C.3 - LEI: 549300GNX5SDUEBKPK13
- **C.18 - Value (incl. sponsor support):** $4750000.00
- **C.18.a - Value (excl. sponsor support):** $4750000.00
- **C.19 - Percentage of Net Assets:** 4.6700%
- **C.17 - Yield as of Reporting Date:** 2.9000%
- **C.11 - Maturity Date (WAM):** 2025-12-01
- **C.12 - Maturity Date (WAL):** 2025-12-01
- **C.13 - Final Legal Maturity Date:** 2041-12-01
- **C.10 - Ratings:** Fitch, Inc.: F-1+; Moody's Investors Service, Inc.: VMIG1; Standard and Poor's Ratings Services: A-1+
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 57: COUNTY OF PRINCE GEORGE'S MD

- **C.1 - Title:** COUNTY OF PRINCE GEORGE'S MD 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 7417013E4, C.4 - ISIN: US7417013E48, C.3 - LEI: 549300NSQ1W50I0VU811
- **C.18 - Value (incl. sponsor support):** $974215.46
- **C.18.a - Value (excl. sponsor support):** $974215.46
- **C.19 - Percentage of Net Assets:** 0.9600%
- **C.17 - Yield as of Reporting Date:** 2.6300%
- **C.11 - Maturity Date (WAM):** 2026-09-15
- **C.12 - Maturity Date (WAL):** 2026-09-15
- **C.13 - Final Legal Maturity Date:** 2026-09-15
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aa1; Standard and Poor's Ratings Services: AAA
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 58: COUNTY OF PRINCE GEORGE'S MD

- **C.1 - Title:** COUNTY OF PRINCE GEORGE'S MD 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 7417015J1, C.4 - ISIN: US7417015J17, C.3 - LEI: 549300NSQ1W50I0VU811
- **C.18 - Value (incl. sponsor support):** $137171.23
- **C.18.a - Value (excl. sponsor support):** $137171.23
- **C.19 - Percentage of Net Assets:** 0.1300%
- **C.17 - Yield as of Reporting Date:** 2.6600%
- **C.11 - Maturity Date (WAM):** 2026-07-15
- **C.12 - Maturity Date (WAL):** 2026-07-15
- **C.13 - Final Legal Maturity Date:** 2026-07-15
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aa1; Standard and Poor's Ratings Services: AAA
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 59: COUNTY OF PRINCE GEORGE'S MD

- **C.1 - Title:** COUNTY OF PRINCE GEORGE'S MD 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 741702CY8, C.4 - ISIN: US741702CY81, C.3 - LEI: 549300NSQ1W50I0VU811
- **C.18 - Value (incl. sponsor support):** $116971.97
- **C.18.a - Value (excl. sponsor support):** $116971.97
- **C.19 - Percentage of Net Assets:** 0.1200%
- **C.17 - Yield as of Reporting Date:** 2.6500%
- **C.11 - Maturity Date (WAM):** 2026-08-01
- **C.12 - Maturity Date (WAL):** 2026-08-01
- **C.13 - Final Legal Maturity Date:** 2026-08-01
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aa1; Standard and Poor's Ratings Services: AAA
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 60: TENDER OPTION BOND TRUST RECEIPTS/CERTIFICATES

- **C.1 - Title:** TENDER OPTION BOND TRUST RECEIPTS/CERTIFICATES 3.270000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 88035JVJ8, C.4 - ISIN: US88035JVJ86
- **C.18 - Value (incl. sponsor support):** $2500000.00
- **C.18.a - Value (excl. sponsor support):** $2500000.00
- **C.19 - Percentage of Net Assets:** 2.4600%
- **C.17 - Yield as of Reporting Date:** 3.2700%
- **C.11 - Maturity Date (WAM):** 2025-11-07
- **C.12 - Maturity Date (WAL):** 2025-11-07
- **C.13 - Final Legal Maturity Date:** 2032-06-01
- **C.10 - Ratings:** Fitch, Inc.: NR; Moody's Investors Service, Inc.: NR; Standard and Poor's Ratings Services: A-1+
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 61: TENDER OPTION BOND TRUST RECEIPTS/CERTIFICATES

- **C.1 - Title:** TENDER OPTION BOND TRUST RECEIPTS/CERTIFICATES 3.250000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 88035MDL6, C.4 - ISIN: US88035MDL63
- **C.18 - Value (incl. sponsor support):** $500000.00
- **C.18.a - Value (excl. sponsor support):** $500000.00
- **C.19 - Percentage of Net Assets:** 0.4900%
- **C.17 - Yield as of Reporting Date:** 3.2500%
- **C.11 - Maturity Date (WAM):** 2025-11-07
- **C.12 - Maturity Date (WAL):** 2025-11-07
- **C.13 - Final Legal Maturity Date:** 2042-09-01
- **C.10 - Ratings:** Fitch, Inc.: F-1+; Moody's Investors Service, Inc.: NR; Standard and Poor's Ratings Services: NR
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 62: TENDER OPTION BOND TRUST RECEIPTS/CERTIFICATES

- **C.1 - Title:** TENDER OPTION BOND TRUST RECEIPTS/CERTIFICATES 3.250000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 88035R5T7, C.4 - ISIN: US88035R5T73
- **C.18 - Value (incl. sponsor support):** $3550000.00
- **C.18.a - Value (excl. sponsor support):** $3550000.00
- **C.19 - Percentage of Net Assets:** 3.4900%
- **C.17 - Yield as of Reporting Date:** 3.2500%
- **C.11 - Maturity Date (WAM):** 2025-11-07
- **C.12 - Maturity Date (WAL):** 2025-11-07
- **C.13 - Final Legal Maturity Date:** 2039-07-15
- **C.10 - Ratings:** Fitch, Inc.: NR; Moody's Investors Service, Inc.: NR; Standard and Poor's Ratings Services: A-1
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 63: TENDER OPTION BOND TRUST RECEIPTS/CERTIFICATES

- **C.1 - Title:** TENDER OPTION BOND TRUST RECEIPTS/CERTIFICATES 3.250000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 88035RXK5, C.4 - ISIN: US88035RXK57
- **C.18 - Value (incl. sponsor support):** $4800000.00
- **C.18.a - Value (excl. sponsor support):** $4800000.00
- **C.19 - Percentage of Net Assets:** 4.7200%
- **C.17 - Yield as of Reporting Date:** 3.2500%
- **C.11 - Maturity Date (WAM):** 2025-11-07
- **C.12 - Maturity Date (WAL):** 2025-11-07
- **C.13 - Final Legal Maturity Date:** 2052-01-15
- **C.10 - Ratings:** Fitch, Inc.: NR; Moody's Investors Service, Inc.: NR; Standard and Poor's Ratings Services: A-1+
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 64: UNIVERSITY SYSTEM OF MARYLAND

- **C.1 - Title:** UNIVERSITY SYSTEM OF MARYLAND 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 9144025D0, C.4 - ISIN: US9144025D01
- **C.18 - Value (incl. sponsor support):** $100957.36
- **C.18.a - Value (excl. sponsor support):** $100957.36
- **C.19 - Percentage of Net Assets:** 0.1000%
- **C.17 - Yield as of Reporting Date:** 2.6300%
- **C.11 - Maturity Date (WAM):** 2026-04-01
- **C.12 - Maturity Date (WAL):** 2026-04-01
- **C.13 - Final Legal Maturity Date:** 2026-04-01
- **C.10 - Ratings:** Fitch, Inc.: AA+; Moody's Investors Service, Inc.: Aa1; Standard and Poor's Ratings Services: AA+
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 65: UNIVERSITY SYSTEM OF MARYLAND

- **C.1 - Title:** UNIVERSITY SYSTEM OF MARYLAND 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 9144027L0, C.4 - ISIN: US9144027L09
- **C.18 - Value (incl. sponsor support):** $302872.08
- **C.18.a - Value (excl. sponsor support):** $302872.08
- **C.19 - Percentage of Net Assets:** 0.3000%
- **C.17 - Yield as of Reporting Date:** 2.6300%
- **C.11 - Maturity Date (WAM):** 2026-04-01
- **C.12 - Maturity Date (WAL):** 2026-04-01
- **C.13 - Final Legal Maturity Date:** 2026-04-01
- **C.10 - Ratings:** Fitch, Inc.: AA+; Moody's Investors Service, Inc.: Aa1; Standard and Poor's Ratings Services: AA+
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 66: UNIVERSITY SYSTEM OF MARYLAND

- **C.1 - Title:** UNIVERSITY SYSTEM OF MARYLAND 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 9144027U0, C.4 - ISIN: US9144027U08
- **C.18 - Value (incl. sponsor support):** $2281636.34
- **C.18.a - Value (excl. sponsor support):** $2281636.34
- **C.19 - Percentage of Net Assets:** 2.2400%
- **C.17 - Yield as of Reporting Date:** 2.6300%
- **C.11 - Maturity Date (WAM):** 2026-04-01
- **C.12 - Maturity Date (WAL):** 2026-04-01
- **C.13 - Final Legal Maturity Date:** 2026-04-01
- **C.10 - Ratings:** Fitch, Inc.: AA+; Moody's Investors Service, Inc.: Aa1; Standard and Poor's Ratings Services: AA+
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 67: UNIVERSITY SYSTEM OF MARYLAND

- **C.1 - Title:** UNIVERSITY SYSTEM OF MARYLAND 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 91440ABT0, C.4 - ISIN: US91440ABT07
- **C.18 - Value (incl. sponsor support):** $277632.74
- **C.18.a - Value (excl. sponsor support):** $277632.74
- **C.19 - Percentage of Net Assets:** 0.2700%
- **C.17 - Yield as of Reporting Date:** 2.6300%
- **C.11 - Maturity Date (WAM):** 2026-04-01
- **C.12 - Maturity Date (WAL):** 2026-04-01
- **C.13 - Final Legal Maturity Date:** 2026-04-01
- **C.10 - Ratings:** Fitch, Inc.: AA+; Moody's Investors Service, Inc.: Aa1; Standard and Poor's Ratings Services: AA+
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 68: UNIVERSITY SYSTEM OF MARYLAND

- **C.1 - Title:** UNIVERSITY SYSTEM OF MARYLAND 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 91440ACR3, C.4 - ISIN: US91440ACR32
- **C.18 - Value (incl. sponsor support):** $1423498.78
- **C.18.a - Value (excl. sponsor support):** $1423498.78
- **C.19 - Percentage of Net Assets:** 1.4000%
- **C.17 - Yield as of Reporting Date:** 2.6300%
- **C.11 - Maturity Date (WAM):** 2026-04-01
- **C.12 - Maturity Date (WAL):** 2026-04-01
- **C.13 - Final Legal Maturity Date:** 2026-04-01
- **C.10 - Ratings:** Fitch, Inc.: AA+; Moody's Investors Service, Inc.: Aa1; Standard and Poor's Ratings Services: AA+
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 69: UNIVERSITY SYSTEM OF MARYLAND

- **C.1 - Title:** UNIVERSITY SYSTEM OF MARYLAND 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 91440ADV3, C.4 - ISIN: US91440ADV35
- **C.18 - Value (incl. sponsor support):** $176675.38
- **C.18.a - Value (excl. sponsor support):** $176675.38
- **C.19 - Percentage of Net Assets:** 0.1700%
- **C.17 - Yield as of Reporting Date:** 2.6300%
- **C.11 - Maturity Date (WAM):** 2026-04-01
- **C.12 - Maturity Date (WAL):** 2026-04-01
- **C.13 - Final Legal Maturity Date:** 2026-04-01
- **C.10 - Ratings:** Fitch, Inc.: AA+; Moody's Investors Service, Inc.: Aa1; Standard and Poor's Ratings Services: AA+
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 70: UNIVERSITY TEX UNIV RE 2.65 14APR26

- **C.1 - Title:** UNIVERSITY TEX UNIV RE 2.65 14APR26 2.650000%
- **C.6 - Investment Category:** Non-Financial Company Commercial Paper
- **Identifiers:** C.3 - CUSIP: 91514YLW1, C.4 - ISIN: US91514YLW11, C.3 - LEI: TEHUYFNKZR6XVWLGEU86
- **C.18 - Value (incl. sponsor support):** $999756.50
- **C.18.a - Value (excl. sponsor support):** $999756.50
- **C.19 - Percentage of Net Assets:** 0.9800%
- **C.17 - Yield as of Reporting Date:** 2.7000%
- **C.11 - Maturity Date (WAM):** 2026-04-14
- **C.12 - Maturity Date (WAL):** 2026-04-14
- **C.13 - Final Legal Maturity Date:** 2026-04-14
- **C.10 - Ratings:** Fitch, Inc.: F-1+; Moody's Investors Service, Inc.: P-1; Standard and Poor's Ratings Services: A-1+
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 71: WASHINGTON SUBURBAN SANITARY COMMISSION

- **C.1 - Title:** WASHINGTON SUBURBAN SANITARY COMMISSION 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 940157E48, C.4 - ISIN: US940157E489, C.3 - LEI: 549300EZUWNTQF827C24
- **C.18 - Value (incl. sponsor support):** $202683.74
- **C.18.a - Value (excl. sponsor support):** $202683.74
- **C.19 - Percentage of Net Assets:** 0.2000%
- **C.17 - Yield as of Reporting Date:** 2.6400%
- **C.11 - Maturity Date (WAM):** 2026-06-01
- **C.12 - Maturity Date (WAL):** 2026-06-01
- **C.13 - Final Legal Maturity Date:** 2026-06-01
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AAA
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 72: WASHINGTON SUBURBAN SANITARY COMMISSION

- **C.1 - Title:** WASHINGTON SUBURBAN SANITARY COMMISSION 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 940157W22, C.4 - ISIN: US940157W226, C.3 - LEI: 549300EZUWNTQF827C24
- **C.18 - Value (incl. sponsor support):** $501642.26
- **C.18.a - Value (excl. sponsor support):** $501642.26
- **C.19 - Percentage of Net Assets:** 0.4900%
- **C.17 - Yield as of Reporting Date:** 2.6400%
- **C.11 - Maturity Date (WAM):** 2026-06-01
- **C.12 - Maturity Date (WAL):** 2026-06-01
- **C.13 - Final Legal Maturity Date:** 2026-06-01
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AAA
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 73: WASHINGTON SUBURBAN SANITARY COMMISSION

- **C.1 - Title:** WASHINGTON SUBURBAN SANITARY COMMISSION 3.900000%
- **C.6 - Investment Category:** Variable Rate Demand Note
- **Identifiers:** C.3 - CUSIP: 940158HT8, C.4 - ISIN: US940158HT80, C.3 - LEI: 549300EZUWNTQF827C24
- **C.18 - Value (incl. sponsor support):** $1310000.00
- **C.18.a - Value (excl. sponsor support):** $1310000.00
- **C.19 - Percentage of Net Assets:** 1.2900%
- **C.17 - Yield as of Reporting Date:** 3.9000%
- **C.11 - Maturity Date (WAM):** 2025-11-01
- **C.12 - Maturity Date (WAL):** 2025-11-03
- **C.13 - Final Legal Maturity Date:** 2027-06-01
- **C.10 - Ratings:** Fitch, Inc.: F-1+; Moody's Investors Service, Inc.: VMIG1; Standard and Poor's Ratings Services: NR
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

## N-MFP: Signatures

**Registrant:** T. ROWE PRICE STATE TAX-FREE FUNDS, INC.

**Date:** 2025-11-07

**By:** Alan S. Dupski

**Name of Signing Officer:** Alan S. Dupski

**Title of Signing Officer:** Treasurer & Vice President