# EDGAR Filing Document

**Accession Number:** 0001084380
**File Stem:** 0001752724-23-040962
**Filing Date:** 2023-2
**Character Count:** 105137
**Document Hash:** 00be6983a24c9d813a96a095a6bf16ff
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-040962.hdr.sgml**: 20230227

**ACCESSION NUMBER**: 0001752724-23-040962

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230227

**DATE AS OF CHANGE**: 20230227

**PERIOD START**: 20230331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TIAA-CREF FUNDS
- **CENTRAL INDEX KEY:** 0001084380
- **IRS NUMBER:** 134055167
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09301
- **FILM NUMBER:** 23670626

**BUSINESS ADDRESS:**
- **STREET 1:** 730 THIRD AVE.
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017
- **BUSINESS PHONE:** 2129166746

**MAIL ADDRESS:**
- **STREET 1:** 730 THIRD AVE.
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TIAA CREF INSTITUTIONAL MUTUAL FUNDS
- **DATE OF NAME CHANGE:** 19990415

## Series and Classes Contracts Data

### TIAA-CREF 5-15 Year Laddered Tax-Exempt Bond Fund (Series ID: S000012199)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000033286 | Retail Class        | TIXRX           |
| C000033287 | Institutional Class | TITIX           |
| C000162570 | Advisor Class       | TIXHX           |

## Nport-Ex

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## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** TIAA-CREF Funds

- **b. Investment Company Act file number:** 811-09301

- **c. CIK number of Registrant:** 0001084380

- **d. LEI of Registrant:** 549300L8R42TEBN5NG46

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

  - **Street Address 1:** 730 Third Avenue

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10017

  - **Telephone number:** 800-842-2733

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

- **a. Name of Series:** TIAA-CREF 5-15 Year Laddered Tax-Exempt Bond Fund

- **b. EDGAR series identifier (if any):** S000012199

- **c. LEI of Series:** 549300BYS7BOR0TRUZ83

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

- **a. Date of fiscal year-end:** 2023-03-31

- **b. Date as of which information is reported:** 2022-12-31

**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:** $239810472.00

**Total Liabilities:** $2279364.00

**Net Assets:** $237531108.00

**Cash Not Reported:** $21101.00

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** -3006.55000000 | **5-Year:** -30924.53000000 | **10-Year:** -75683.56000000 | **30-Year:** -17292.61000000

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

- **3-Month:** -31.53000000 | **1-Year:** -429.95000000 | **5-Year:** -2090.98000000 | **10-Year:** -1087.98000000 | **30-Year:** -1100.31000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000033287 | -0.76%               | 4.45%                | 0.31%                |
| Class ID C000033286 | -0.78%               | 4.42%                | 0.29%                |
| Class ID C000162570 | -0.66%               | 4.44%                | 0.20%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $-2123958.36                               |
| Month 2  | $-291624.77              | $10022820.04                               |
| Month 3  | $-225497.61              | $491553.74                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| PORT AUTH OF NEW YORK & NEW JE        | Port Authority of New York & New Jersey                                               | CUSIP: 73358W3T9<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $995449.90    | 0.42%             | 2034-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PORT FREEPORT TX SENIOR LIEN R        | Port Freeport TX                                                                      | CUSIP: 73412PBK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    865000 | PA      | $918929.90    | 0.39%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP        | New York Transportation Development Corp                                              | CUSIP: 650116CP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    715000 | PA      | $711218.08    | 0.30%             | 2036-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COOK CNTY IL SALES TAX REVENUE        | County of Cook IL Sales Tax Revenue                                                   | CUSIP: 213248CJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1160000 | PA      | $1254346.63   | 0.53%             | 2036-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHARLOTTE MI PUBLIC SCH DIST          | Charlotte Public School District                                                      | CUSIP: 160879MJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $520355.90    | 0.22%             | 2036-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF MASSACHUSETTS MA BLDG         | University of Massachusetts Building Authority                                        | CUSIP: 914437VU9<br>LEI: 6ILE2573NPR1XO2TR556 | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2401599.90   | 1.01%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SALT LAKE CITY UT ARPT REVENUE        | Salt Lake City Corp Airport Revenue                                                   | CUSIP: 795576HD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1055225.60   | 0.44%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND COMMERCE CORP REV        | Rhode Island Commerce Corp                                                            | CUSIP: 762232BA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    825000 | PA      | $894669.02    | 0.38%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL                            | City of Chicago IL                                                                    | CUSIP: 167486M48<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $940299.50    | 0.40%             | 2035-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST EDUCTNL FACS AUT        | California Educational Facilities Authority                                           | CUSIP: 130179NZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    365000 | PA      | $386324.32    | 0.16%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ATASCOSA CNTY TX INDL DEV CORP        | Atascosa County Industrial Development Corp                                           | CUSIP: 046578AL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $381817.73    | 0.16%             | 2029-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WAYNE CNTY MI ARPT AUTH REVENU        | Wayne County Airport Authority                                                        | CUSIP: 944514YX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    385000 | PA      | $429415.68    | 0.18%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DENVER CO HLTH & HOSP AUTH COP        | Denver Health & Hospital Authority                                                    | CUSIP: 24918TAJ6<br>LEI: 549300WFV5S7GIR4OS67 | Long             | DBT              | MUN               | US        |    310000 | PA      | $331956.46    | 0.14%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CNTY CA TOBACCO SEC        | California County Tobacco Securitization Agency                                       | CUSIP: 13016NHT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1090000 | PA      | $1044022.93   | 0.44%             | 2036-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CAPITAL REGION DEV AUTH               | Capital Region Development Authority                                                  | CUSIP: 14044WAQ1<br>LEI: 5493005AW0WUFPOYTH81 | Long             | DBT              | MUN               | US        |    765000 | PA      | $826502.94    | 0.35%             | 2033-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLEVELAND OH INCOME TAX REVENU        | City of Cleveland OH Income Tax Revenue                                               | CUSIP: 186387UP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $277208.20    | 0.12%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OREGON ST BUSINESS DEV COMMISS        | Oregon State Business Development Commission                                          | CUSIP: 68608GAJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $45625.00     | 0.02%             | 2037-04-01      | Fixed         | 9.00%                 | Yes           |                  3 | On Loan: No      |
| MISSOURI JT MUNI ELEC UTILITY         | Missouri Joint Municipal Electric Utility Commission                                  | CUSIP: 606094DP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $465576.92    | 0.20%             | 2038-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| KANSAS CITY MO SPL OBLG               | City of Kansas City MO                                                                | CUSIP: 485106NP9<br>LEI: 549300EGAE3I3XU7XE19 | Long             | DBT              | MUN               | US        |   1225000 | PA      | $1296652.21   | 0.55%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PADUCAH KY ELEC PLANT BRD REVE        | Paducah Electric Plant Board                                                          | CUSIP: 695317DZ7<br>LEI: 549300XTPDPORT8VIQ62 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1347243.13   | 0.57%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TOLEDO OH                             | City of Toledo OH                                                                     | CUSIP: 889278XX0<br>LEI: 549300I365GIDPR4BM68 | Long             | DBT              | MUN               | US        |    240000 | PA      | $251107.20    | 0.11%             | 2029-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST URBAN DEV CORP REV        | New York State Urban Development Corp                                                 | CUSIP: 6500357X0<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |    305000 | PA      | $326331.12    | 0.14%             | 2038-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL TRANSIT AUTH CAPITA        | Chicago Transit Authority                                                             | CUSIP: 167723HD0<br>LEI: 549300CB8XLRGIPN3E12 | Long             | DBT              | MUN               | US        |    300000 | PA      | $322693.65    | 0.14%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTHAMPTON TWP PA                    | Township of Northampton PA                                                            | CUSIP: 663730KJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    915000 | PA      | $938094.78    | 0.39%             | 2033-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HLTH CARE FACS A        | Washington Health Care Facilities Authority                                           | CUSIP: 93978HYG4<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1540367.10   | 0.65%             | 2042-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| EL PASO TX ARPT REVENUE               | City of El Paso TX Airport Revenue                                                    | CUSIP: 283736CC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2124941.00   | 0.89%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL                            | City of Chicago IL, GO                                                                | CUSIP: 167486UP2<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |    650000 | PA      | $659897.55    | 0.28%             | 2037-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST PUBLIC SVC A        | South Carolina Public Service Authority                                               | CUSIP: 837151XA2<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |    890000 | PA      | $828451.61    | 0.35%             | 2040-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA UNIV REVENUE         | District of Columbia                                                                  | CUSIP: 25484JCT5<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    955000 | PA      | $1022722.39   | 0.43%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST         | New Jersey Transportation Trust Fund Authority                                        | CUSIP: 6461363L3<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1054627.60   | 0.44%             | 2029-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ST HGR EDU POLIC        | West Virginia Higher Education Policy Commission                                      | CUSIP: 95639RGF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1092278.50   | 0.46%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STWD CMNTYS DEV AUT        | California Statewide Communities Development Authority                                | CUSIP: 13080SVH4<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    225000 | PA      | $233227.22    | 0.10%             | 2028-12-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH SP        | California Municipal Finance Authority                                                | CUSIP: 13050RAA0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    185000 | PA      | $180426.67    | 0.08%             | 2029-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV        | Colorado Health Facilities Authority                                                  | CUSIP: 19648A7H2<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    250000 | PA      | $255073.13    | 0.11%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DAHLONEGA GA DOWNTOWN DEV AUTH        | Dahlonega Downtown Development Authority                                              | CUSIP: 23378RFP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1207886.25   | 0.51%             | 2038-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ERIE PA CITY SCH DIST                 | School District of the City of Erie                                                   | CUSIP: 295425TT9<br>LEI: 549300VQZWUO5J8WLO42 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1644181.95   | 0.69%             | 2028-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MN HLTH CARE SYS R        | City of Minneapolis MN                                                                | CUSIP: 60374VDY6<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |   1055000 | PA      | $1128731.84   | 0.48%             | 2033-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE ST BUSINESS FIN         | New Hampshire Business Finance Authority                                              | CUSIP: 644684ES7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $143074.69    | 0.06%             | 2031-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KANSAS CITY MO SAN SWR SYSTEM         | City of Kansas City MO Sanitary Sewer System Revenue                                  | CUSIP: 48507TKC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2231968.75   | 0.94%             | 2037-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MET WASHINGTON DC ARPTS AUTH A        | Metropolitan Washington Airports Authority Aviation Revenue                           | CUSIP: 592647KB6<br>LEI: 7HERAVJJLN8J1DZ6AZ19 | Long             | DBT              | MUN               | US        |   3800000 | PA      | $4154723.92   | 1.75%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL HSG AUTH                   | Chicago Housing Authority                                                             | CUSIP: 16753QAN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $538412.75    | 0.23%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ROCK HILL SC UTILITY SYS REVEN        | City of Rock Hill SC Combined Utility System Revenue                                  | CUSIP: 772249QT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    265000 | PA      | $293777.25    | 0.12%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT AUTH OF NEW YORK & NEW JE        | Port Authority of New York & New Jersey                                               | CUSIP: 73358W3U6<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1061616.50   | 0.45%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HLTH & EDUCTNL FAC        | Health & Educational Facilities Authority of the State of Missouri                    | CUSIP: 60637APH9<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |    900000 | PA      | $973493.64    | 0.41%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL                            | City of Chicago IL                                                                    | CUSIP: 167486G29<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3387880.28   | 1.43%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST PRIV ACTIVITY BOND SU        | Texas Private Activity Bond Surface Transportation Corp                               | CUSIP: 882667AU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2591221.00   | 1.09%             | 2035-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BURKE CNTY GA DEV AUTH POLL CO        | Burke County Development Authority                                                    | CUSIP: 121342PU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1110000 | PA      | $1103834.17   | 0.46%             | 2032-10-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| PINAL CNTY AZ ELEC DIST #3            | Pinal County Electric District No 3                                                   | CUSIP: 722021CD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $201257.84    | 0.08%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CENTRL TX REGL MOBILITY AUTH R        | Central Texas Regional Mobility Authority                                             | CUSIP: 155498FW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1210000 | PA      | $1298429.46   | 0.55%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N TX TOLLWAY AUTH REVENUE             | North Texas Tollway Authority                                                         | CUSIP: 66285WXQ4<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1082726.10   | 0.46%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COOK CNTY IL SCH DIST #78 ROSE        | Cook County School District No 78 Rosemont                                            | CUSIP: 214003BX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $172719.56    | 0.07%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA ST DEV FIN AUTH HLTHS        | Oklahoma Development Finance Authority                                                | CUSIP: 67884XCC9<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |    750000 | PA      | $743646.75    | 0.31%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST SMALL BUSINESS FIN        | Virginia Small Business Financing Authority                                           | CUSIP: 928104NU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1914159.40   | 0.81%             | 2036-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU                 | Chicago Board of Education                                                            | CUSIP: 167505SV9<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1537105.65   | 0.65%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TRI-CNTY OR MET TRANSPRTN DIST        | Tri-County Metropolitan Transportation District of Oregon                             | CUSIP: 89546RPP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1098582.80   | 0.46%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAINT LOUIS MO MUNI FIN CORP S        | St. Louis Municipal Finance Corp                                                      | CUSIP: 79165NBF0<br>LEI: 549300CR13DAYKUKQN03 | Long             | DBT              | MUN               | US        |   1745000 | PA      | $1840462.14   | 0.77%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST MED CARE COM        | North Carolina Medical Care Commission                                                | CUSIP: 65820HN82<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    210000 | PA      | $212244.23    | 0.09%             | 2036-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BROADVIEW IL                          | Village of Broadview IL                                                               | CUSIP: 111349GM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $272947.18    | 0.11%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST EDUCTNL FACS AUT        | New Jersey Educational Facilities Authority                                           | CUSIP: 646066SD3<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1055654.50   | 0.44%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HILLSBOROUGH CNTY FL PORT DIST        | Hillsborough County Port District                                                     | CUSIP: 432325JK5<br>LEI: 549300HV3CIZREMO9Q36 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1064702.10   | 0.45%             | 2033-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GUAM PORT AUTH PORT REVENUE           | Port Authority of Guam                                                                | CUSIP: 400652AF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $213019.72    | 0.09%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL                            | City of Chicago IL, GO                                                                | CUSIP: 167486VR7<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1526263.65   | 0.64%             | 2035-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP        | New York Transportation Development Corp                                              | CUSIP: 650116AU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $379202.81    | 0.16%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GTR ORLANDO FL AVIATION AUTH A        | Greater Orlando Aviation Authority                                                    | CUSIP: 3922744T0<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |    305000 | PA      | $320411.10    | 0.13%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST TRUNK LINE                | State of Michigan Trunk Line Revenue                                                  | CUSIP: 594695Z35<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $2053893.45   | 0.86%             | 2030-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INTERLOCKEN CONSOL MET DIST CO        | Interlocken Metropolitan District                                                     | CUSIP: 45875CAK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1092914.00   | 0.46%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST ECON DEV FING         | Pennsylvania Economic Development Financing Authority                                 | CUSIP: 70870JCZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $548588.75    | 0.23%             | 2034-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST DEV FIN CORP               | Florida Development Finance Corp                                                      | CUSIP: 340618DF1<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1246536.50   | 0.52%             | 2057-07-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| ROCK HILL SC UTILITY SYS REVEN        | City of Rock Hill SC Combined Utility System Revenue                                  | CUSIP: 772249QS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $185631.67    | 0.08%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL MET WTR RECLAMATION        | Metropolitan Water Reclamation District of Greater Chicago                            | CUSIP: 167560SZ5<br>LEI: 254900GOGQEZEWCZ4D37 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2149062.60   | 0.90%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST FIN AUTH REVENUE          | Michigan Finance Authority                                                            | CUSIP: 59447T2V4<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1091789.80   | 0.46%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ST HOSP FIN AUTH        | West Virginia Hospital Finance Authority                                              | CUSIP: 956622R22<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $788142.45    | 0.33%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LEBANON OH CITY SCH DIST              | Lebanon City School District                                                          | CUSIP: 522777KA8<br>LEI: 549300QTUD7OTMH85I42 | Long             | DBT              | MUN               | US        |    300000 | PA      | $268371.00    | 0.11%             | 2036-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH RE        | New Jersey Economic Development Authority                                             | CUSIP: 64577XAY2<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2649438.50   | 1.12%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST TOLL HIGHWAY AUTH         | Illinois State Toll Highway Authority                                                 | CUSIP: 452252PY9<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |    630000 | PA      | $589961.23    | 0.25%             | 2046-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GLOUCESTER CNTY NJ IMPT AUTH          | Gloucester County Improvement Authority                                               | CUSIP: 37970PKY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $388979.82    | 0.16%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PINELLAS CNTY FL SCH BRD COPS         | Pinellas County School Board                                                          | CUSIP: 723203BP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $506816.60    | 0.21%             | 2036-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST         | New Jersey Transportation Trust Fund Authority                                        | CUSIP: 6461364R9<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3189241.20   | 1.34%             | 2034-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LONG BEACH CA CMNTY CLG DIST          | Long Beach Community College District                                                 | CUSIP: 542411PW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $171953.20    | 0.07%             | 2037-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST AL         | Black Belt Energy Gas District                                                        | CUSIP: 09182NBG4<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    250000 | PA      | $250966.15    | 0.11%             | 2027-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SALT LAKE CITY UT ARPT REVENUE        | Salt Lake City Corp Airport Revenue                                                   | CUSIP: 795576HB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    475000 | PA      | $504484.58    | 0.21%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                           | State of Illinois                                                                     | CUSIP: 452153AR0<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1505884.20   | 0.63%             | 2037-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HLTH & EDUCTNL         | Connecticut State Health & Educational Facilities Authority                           | CUSIP: 20774YY92<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |    495000 | PA      | $533950.81    | 0.22%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST         | New Jersey Transportation Trust Fund Authority                                        | CUSIP: 64613CAB4<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1025000 | PA      | $949062.88    | 0.40%             | 2039-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SANTEE CA CDC SUCCESSOR AGY TA        | Santee CDC Successor Agency                                                           | CUSIP: 802862AH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $537165.50    | 0.23%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GEORGIA ST MUNI ASSN INC COPS         | Georgia Municipal Association, Inc                                                    | CUSIP: 373283CQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $276153.58    | 0.12%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET TRANSPRTN AUTH NY REVENUE         | Metropolitan Transportation Authority                                                 | CUSIP: 59261AQF7<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |     10000 | PA      | $9394.67      | 0.00%             | 2034-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA ST DEV FIN AUTH HLTHS        | Oklahoma Development Finance Authority                                                | CUSIP: 67884XCH8<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1335233.70   | 0.56%             | 2048-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Bank Discount Notes | Federal Home Loan Bank (FHLB)                                                         | CUSIP: 313384AF6<br>LEI: 2549001DPIFGXC1TOL40 | Long             | STIV             | USGSE             | US        |   1200000 | PA      | $1199572.36   | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ST HOSP FIN AUTH        | West Virginia Hospital Finance Authority                                              | CUSIP: 956622R30<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1215000 | PA      | $1274946.16   | 0.54%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF SOUTH ALABAMA AL UNIV         | University of South Alabama                                                           | CUSIP: 914845QH8<br>LEI: 549300U394SOV3NGG049 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1064088.50   | 0.45%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EL PASO CNTY TX CMNTY CLG DIST        | El Paso County Community College District                                             | CUSIP: 283506LG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1225000 | PA      | $1282353.15   | 0.54%             | 2038-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAINT LOUIS MO PKG REVENUE            | City of St. Louis MO Parking Revenue                                                  | CUSIP: 791676CG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1059383.20   | 0.45%             | 2026-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DUPLIN CNTY NC LIMITED OBLIG          | County of Duplin NC                                                                   | CUSIP: 266122BF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1355000 | PA      | $1442475.82   | 0.61%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH           | New Jersey Economic Development Authority                                             | CUSIP: 64578EJP3<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1070233.20   | 0.45%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST MED CARE COM        | North Carolina Medical Care Commission                                                | CUSIP: 65821DXD8<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    255000 | PA      | $232091.11    | 0.10%             | 2036-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP        | New York Transportation Development Corp                                              | CUSIP: 650116CX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1080000 | PA      | $1044967.82   | 0.44%             | 2030-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MET GOVT NASHVILLE & DAVIDSON         | Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd      | CUSIP: 592029BH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $171968.24    | 0.07%             | 2037-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LANCASTER CO CAREER & TECHNOLO        | Lancaster County Career & Technology Center Authority                                 | CUSIP: 514041CK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    670000 | PA      | $703045.14    | 0.30%             | 2030-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MET WASHINGTON DC ARPTS AUTH A        | Metropolitan Washington Airports Authority Aviation Revenue                           | CUSIP: 592647JX0<br>LEI: 7HERAVJJLN8J1DZ6AZ19 | Long             | DBT              | MUN               | US        |   2680000 | PA      | $2873623.84   | 1.21%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AUSTIN TX ARPT SYS REVENUE            | City of Austin TX Airport System Revenue                                              | CUSIP: 052398ET7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $432584.92    | 0.18%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALACHUA CNTY FL HLTH FACS AUTH        | Alachua County Health Facilities Authority                                            | CUSIP: 010685KW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1082665.90   | 0.46%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COATESVILLE PA AREA SCH DIST          | Coatesville School District                                                           | CUSIP: 190684PN4<br>LEI: 549300FB4I8E5MPRFX97 | Long             | DBT              | MUN               | US        |    740000 | PA      | $780339.62    | 0.33%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST HLTH FACS FING A        | California Health Facilities Financing Authority                                      | CUSIP: 13032USD1<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1510000 | PA      | $1584713.44   | 0.67%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CENTRL TX REGL MOBILITY AUTH R        | Central Texas Regional Mobility Authority                                             | CUSIP: 155498FU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1169567.52   | 0.49%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MOBILE CNTY AL                        | County of Mobile AL                                                                   | CUSIP: 6072675E7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    630000 | PA      | $702803.30    | 0.30%             | 2034-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT FREEPORT TX SENIOR LIEN R        | Port Freeport TX                                                                      | CUSIP: 73412PBM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    935000 | PA      | $986792.46    | 0.42%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IOWA ST HGR EDU LOAN AUTH             | Iowa Higher Education Loan Authority                                                  | CUSIP: 4624606H4<br>LEI: 549300DWVTM3KRNR0M36 | Long             | DBT              | MUN               | US        |    475000 | PA      | $521059.28    | 0.22%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HILLSBOROUGH CNTY FL AVIATION         | Hillsborough County Aviation Authority                                                | CUSIP: 432308K86<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $196466.56    | 0.08%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL O'HARE INTERNATIONA        | Chicago O'Hare International Airport                                                  | CUSIP: 167593QN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1020903.60   | 0.43%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TENNESSEE ST ENERGY ACQUISITIO        | Tennessee Energy Acquisition Corp                                                     | CUSIP: 880443JE7<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |    755000 | PA      | $749658.00    | 0.32%             | 2049-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BROADVIEW IL                          | Village of Broadview IL                                                               | CUSIP: 111349GP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    545000 | PA      | $589503.94    | 0.25%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF N TEXAS UNIV REVENUE          | University of North Texas                                                             | CUSIP: 914729RR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1091166.50   | 0.46%             | 2027-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BROADVIEW IL                          | Village of Broadview IL                                                               | CUSIP: 111349GN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $217332.80    | 0.09%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R        | Massachusetts Development Finance Agency                                              | CUSIP: 57584XNQ0<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    500000 | PA      | $535020.85    | 0.23%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX TOLL ROAD REVEN        | Harris County Toll Road Authority                                                     | CUSIP: 41423PBV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $153384.18    | 0.06%             | 2036-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LANCASTER CO CAREER & TECHNOLO        | Lancaster County Career & Technology Center Authority                                 | CUSIP: 514041CF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $516367.70    | 0.22%             | 2026-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| VOLUSIA CNTY FL EDUCTNL FAC AU        | Volusia County Educational Facility Authority                                         | CUSIP: 928836MG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    540000 | PA      | $577082.61    | 0.24%             | 2032-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AUSTIN TX ARPT SYS REVENUE            | City of Austin TX Airport System Revenue                                              | CUSIP: 052398EQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $908935.38    | 0.38%             | 2039-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MIAMI CNTY OH HOSP FACS REVENU        | County of Miami OH                                                                    | CUSIP: 593328FF9<br>LEI: 549300YAYSF4ZQH3JU54 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1613717.85   | 0.68%             | 2032-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GLYNN-BRUNSWICK GA MEMORIAL HO        | Glynn-Brunswick Memorial Hospital Authority                                           | CUSIP: 380037GS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001412.30   | 0.42%             | 2047-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BIRMINGHAM AL                         | City of Birmingham AL                                                                 | CUSIP: 09088RF35<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $553016.80    | 0.23%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FORT SMITH AR WTR & SWR REVENU        | City of Fort Smith AR Water & Sewer Revenue                                           | CUSIP: 348815PJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1091620.50   | 0.46%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BROOKLYN ARENA NY LOCAL DEV CO        | Brooklyn Arena Local Development Corp                                                 | CUSIP: 113807BC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1018752.80   | 0.43%             | 2026-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST         | New Jersey Transportation Trust Fund Authority                                        | CUSIP: 64613CCB2<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2640567.00   | 1.11%             | 2038-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TOLEDO OH                             | City of Toledo OH                                                                     | CUSIP: 889278XZ5<br>LEI: 549300I365GIDPR4BM68 | Long             | DBT              | MUN               | US        |    200000 | PA      | $208621.38    | 0.09%             | 2031-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HLTH & EDUCTNL         | Connecticut State Health & Educational Facilities Authority                           | CUSIP: 20774YZ75<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |    350000 | PA      | $373536.87    | 0.16%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HLTH & EDUCTNL         | Connecticut State Health & Educational Facilities Authority                           | CUSIP: 20774Y5Z6<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |    330000 | PA      | $335754.31    | 0.14%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI ST DEV BANK SPL OB        | Mississippi Development Bank                                                          | CUSIP: 60534T2G9<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |   1045000 | PA      | $1104542.32   | 0.47%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST         | New Jersey Transportation Trust Fund Authority                                        | CUSIP: 6461367Y1<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1120000 | PA      | $1124417.62   | 0.47%             | 2034-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BROWARD CNTY FL ARPT SYS REVEN        | County of Broward FL Airport System Revenue                                           | CUSIP: 114894XG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $266229.55    | 0.11%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PADUCAH KY ELEC PLANT BRD REVE        | Paducah Electric Plant Board                                                          | CUSIP: 695317DY0<br>LEI: 549300XTPDPORT8VIQ62 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1348166.38   | 0.57%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DULUTH MN ECON DEV AUTH HLTH C        | Duluth Economic Development Authority                                                 | CUSIP: 26444CGV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $73192.17     | 0.03%             | 2033-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY CNTY OH HOSP REVENU        | County of Montgomery OH                                                               | CUSIP: 613520NA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    725000 | PA      | $770899.24    | 0.32%             | 2036-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ROCK HILL SC UTILITY SYS REVEN        | City of Rock Hill SC Combined Utility System Revenue                                  | CUSIP: 772249QR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    265000 | PA      | $284839.12    | 0.12%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL WSTWTR TRANSMISSION        | City of Chicago IL Wastewater Transmission Revenue                                    | CUSIP: 167727YV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1050081.70   | 0.44%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST         | New Jersey Transportation Trust Fund Authority                                        | CUSIP: 6461366Z9<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $974334.40    | 0.41%             | 2036-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GUAM PORT AUTH PORT REVENUE           | Port Authority of Guam                                                                | CUSIP: 400652AG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $212746.44    | 0.09%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH JERSEY NJ PORT CORP             | South Jersey Port Corp                                                                | CUSIP: 838530RH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $483904.50    | 0.20%             | 2048-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH REVENUES        | New York State Dormitory Authority                                                    | CUSIP: 65000BWF1<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    125000 | PA      | $138338.96    | 0.06%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CENTRL TX REGL MOBILITY AUTH R        | Central Texas Regional Mobility Authority                                             | CUSIP: 155498KJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $741888.30    | 0.31%             | 2036-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH REVENUES        | New York State Dormitory Authority                                                    | CUSIP: 64990GMJ8<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1829442.65   | 0.77%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST                        | State of Connecticut                                                                  | CUSIP: 20772KSR1<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |    255000 | PA      | $283312.19    | 0.12%             | 2038-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET PIER & EXPOSITION AUTH IL         | Metropolitan Pier & Exposition Authority                                              | CUSIP: 592250EY6<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |    305000 | PA      | $247657.96    | 0.10%             | 2052-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PORT FREEPORT TX SENIOR LIEN R        | Port Freeport TX                                                                      | CUSIP: 73412PBH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    420000 | PA      | $450699.61    | 0.19%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GTR ORLANDO FL AVIATION AUTH A        | Greater Orlando Aviation Authority                                                    | CUSIP: 3922744N3<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |    795000 | PA      | $849837.99    | 0.36%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KLICKITAT CNTY WA PUBLIC UTILI        | Klickitat County Public Utility District No                                           | CUSIP: 498622JY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $551263.25    | 0.23%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST SMALL BUSINESS FIN        | Virginia Small Business Financing Authority                                           | CUSIP: 928104QJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $402998.28    | 0.17%             | 2047-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GALVESTON CNTY TX                     | County of Galveston TX                                                                | CUSIP: 364195HD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $502434.85    | 0.21%             | 2038-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ATASCOSA CNTY TX INDL DEV CORP        | Atascosa County Industrial Development Corp                                           | CUSIP: 046578AK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $378044.14    | 0.16%             | 2028-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT AUTH OF NEW YORK & NEW JE        | Port Authority of New York & New Jersey                                               | CUSIP: 73358XAR3<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1582117.23   | 0.67%             | 2036-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LOWER AL GAS DIST GAS PROJ REV        | Lower Alabama Gas District                                                            | CUSIP: 547804AM6<br>LEI: 549300YTI1NTDG2OVU42 | Long             | DBT              | MUN               | US        |   2900000 | PA      | $2877851.54   | 1.21%             | 2050-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CALIF CITY &CNTY        | San Francisco City & County Airport Comm-San Francisco International Airport          | CUSIP: 79766DTL3<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   1405000 | PA      | $1536610.85   | 0.65%             | 2031-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL O'HARE INTERNATIONA        | Chicago O'Hare International Airport                                                  | CUSIP: 167593E40<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $314546.28    | 0.13%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                           | State of Illinois                                                                     | CUSIP: 452152D57<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2045141.20   | 0.86%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF ARPTS A        | City of Los Angeles Department of Airports                                            | CUSIP: 544445SR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1063420.30   | 0.45%             | 2036-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL                            | City of Chicago IL, GO                                                                | CUSIP: 167486D55<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1310858.38   | 0.55%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST SPL TAX OBLIG R        | State of Connecticut Special Tax Revenue                                              | CUSIP: 207758ZW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1133434.50   | 0.48%             | 2034-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FL EDUCTNL FAC        | Miami-Dade County Educational Facilities Authority                                    | CUSIP: 59333AMM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $227534.58    | 0.10%             | 2028-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST PUBLIC SVC A        | South Carolina Public Service Authority                                               | CUSIP: 837151WY1<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |    500000 | PA      | $476538.45    | 0.20%             | 2037-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| VIRGIN ISLANDS PUBLIC FIN AUTH        | Virgin Islands Public Finance Authority                                               | CUSIP: 927676UE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2031971.80   | 0.86%             | 2025-09-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| UNIV OF CONNECTICUT CT                | University of Connecticut                                                             | CUSIP: 914233F30<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2133501.40   | 0.90%             | 2028-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NTHRN MN MUNI PWR AGY ELEC SYS        | Northern Municipal Power Agency                                                       | CUSIP: 665444KB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $532093.65    | 0.22%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS NV REDEV AGY TAX INC        | Las Vegas Redevelopment Agency                                                        | CUSIP: 517732DE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1046543.90   | 0.44%             | 2026-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MUNI ELEC AUTH OF GEORGIA             | Municipal Electric Authority of Georgia                                               | CUSIP: 6262078J6<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2546593.25   | 1.07%             | 2062-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAINE ST FIN AUTH SOL WST DISP        | Finance Authority of Maine                                                            | CUSIP: 56042CAV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $6637.50      | 0.00%             | 2033-12-15      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| MISSISSIPPI ST DEV BANK SPL OB        | Mississippi Development Bank                                                          | CUSIP: 60534WF52<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1084187.70   | 0.46%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET NASHVILLE TN ARPT AUTH ARP        | Metropolitan Nashville Airport Authority                                              | CUSIP: 592190PA4<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |   2305000 | PA      | $2441751.96   | 1.03%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HILLSBOROUGH CNTY FL AVIATION         | Hillsborough County Aviation Authority                                                | CUSIP: 432308K78<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $186205.64    | 0.08%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DAHLONEGA GA DOWNTOWN DEV AUTH        | Dahlonega Downtown Development Authority                                              | CUSIP: 23378RFN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $974957.60    | 0.41%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PITTSBURGH PA WTR & SWR AUTH          | Pittsburgh Water & Sewer Authority                                                    | CUSIP: 725304UM9<br>LEI: 54930034DVH6W22T1E86 | Long             | DBT              | MUN               | US        |    415000 | PA      | $455733.08    | 0.19%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL                            | City of Chicago IL, GO                                                                | CUSIP: 167486VQ9<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |    500000 | PA      | $505553.60    | 0.21%             | 2042-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MET TRANSPRTN AUTH NY REVENUE         | Metropolitan Transportation Authority                                                 | CUSIP: 59261AG43<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1204442.88   | 0.51%             | 2050-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BIRMINGHAM AL                         | City of Birmingham AL                                                                 | CUSIP: 09088RF27<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $555814.55    | 0.23%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX                            | City of Houston TX                                                                    | CUSIP: 442331U85<br>LEI: 549300C64URYS0WQQY42 | Long             | DBT              | MUN               | US        |   1970000 | PA      | $2125663.69   | 0.89%             | 2032-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI ST DEV BANK SPL OB        | Mississippi Development Bank                                                          | CUSIP: 60534T2R5<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1046380.60   | 0.44%             | 2035-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EL PASO TX                            | City of El Paso TX                                                                    | CUSIP: 283734S51<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1028503.00   | 0.43%             | 2035-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST FIN AUTH REVENUE          | Michigan Finance Authority                                                            | CUSIP: 59447TMD2<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2122655.40   | 0.89%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP        | New York Transportation Development Corp                                              | CUSIP: 650116DR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    635000 | PA      | $653498.12    | 0.28%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX UTILITY SYS REVENUE        | City of Houston TX Combined Utility System Revenue                                    | CUSIP: 44244CZT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3414895.50   | 1.44%             | 2029-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SALES TAX SECURITIZATION CORP         | Sales Tax Securitization Corp                                                         | CUSIP: 79467BAL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1604790.00   | 0.68%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY INDL DEV AGY         | New York City Industrial Development Agency                                           | CUSIP: 64971PLK9<br>LEI: 549300XR20ZR5DHL9534 | Long             | DBT              | MUN               | US        |    160000 | PA      | $119355.68    | 0.05%             | 2046-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| NORTH DAKOTA ST HSG FIN AGY           | North Dakota Housing Finance Agency                                                   | CUSIP: 658909KN5<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $980420.20    | 0.41%             | 2026-01-01      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| ALLEGHENY CNTY PA HGR EDU BLDG        | Allegheny County Higher Education Building Authority                                  | CUSIP: 01728RLK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1157048.75   | 0.49%             | 2029-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DENVER CITY & CNTY CO ARPT REV        | City & County of Denver CO Airport System Revenue                                     | CUSIP: 249182LE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    590000 | PA      | $628563.34    | 0.26%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OREGON ST BUSINESS DEV COMMISS        | Oregon State Business Development Commission                                          | CUSIP: 68608GAD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $219000.00    | 0.09%             | 2031-04-01      | Fixed         | 6.50%                 | Yes           |                  3 | On Loan: No      |
| BROOKHAVEN DEV AUTH GA                | Brookhaven Development Authority                                                      | CUSIP: 113073AH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1370327.13   | 0.58%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PIERCE CNTY WA SCH DIST #403 B        | Pierce County School District No 403 Bethel                                           | CUSIP: 720611ZB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1021697.00   | 0.43%             | 2037-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MIAMI UNIV OH                         | Miami University                                                                      | CUSIP: 593791JF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $779858.59    | 0.33%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SALES TAX SECURITIZATION CORP         | Sales Tax Securitization Corp                                                         | CUSIP: 79467BDE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $95727.64     | 0.04%             | 2031-01-01      | Fixed         | 2.86%                 | No            |                  2 | On Loan: No      |
| ATASCOSA CNTY TX INDL DEV CORP        | Atascosa County Industrial Development Corp                                           | CUSIP: 046578AM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $440455.68    | 0.19%             | 2030-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SPARTANBURG SC REGL HLTH SVCS         | Spartanburg Regional Health Services District                                         | CUSIP: 847113EA1<br>LEI: 549300CVHLQ72HQF3340 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $993350.10    | 0.42%             | 2037-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HLTH & EDUCTNL         | Connecticut State Health & Educational Facilities Authority                           | CUSIP: 20774Y5Y9<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |    630000 | PA      | $642108.41    | 0.27%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST TOLL HIGHWAY AUTH         | Illinois State Toll Highway Authority                                                 | CUSIP: 452252PV5<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |    700000 | PA      | $671120.73    | 0.28%             | 2042-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FL AVIATION RE        | County of Miami-Dade FL Aviation Revenue                                              | CUSIP: 59333P5U8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1486757.10   | 0.63%             | 2036-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ALASKA ST MUNI BOND BANK AUTH         | Alaska Municipal Bond Bank Authority                                                  | CUSIP: 01179RTW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $522036.45    | 0.22%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA ST LOCAL GOVT ENVRNM        | Louisiana Local Government Environmental Facilities & Community Development Authority | CUSIP: 54628CAF9<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |    750000 | PA      | $806152.80    | 0.34%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT AUTH OF NEW YORK & NEW JE        | Port Authority of New York & New Jersey                                               | CUSIP: 73358W5G5<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1636320.75   | 0.69%             | 2031-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FL HLTH FACS A        | Miami-Dade County Health Facilities Authority                                         | CUSIP: 59334NEV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $251902.92    | 0.11%             | 2037-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PALMDALE CA CMNTY REDEV AGY SU        | Palmdale Community Redevelopment Agency                                               | CUSIP: 69672FAR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    415000 | PA      | $448088.16    | 0.19%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WHITING IN ENVRNMNTL FACS REVE        | City of Whiting IN                                                                    | CUSIP: 96634RAU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1365000 | PA      | $1398525.77   | 0.59%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BROWARD CNTY FL SCH BRD COPS          | School District of Broward County                                                     | CUSIP: 115065ZB3<br>LEI: 5493006KVNQDJ1D0OD92 | Long             | DBT              | MUN               | US        |    500000 | PA      | $531326.20    | 0.22%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VIRGIN ISLANDS PUBLIC FIN AUTH        | Virgin Islands Public Finance Authority                                               | CUSIP: 927676UG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2550760.75   | 1.07%             | 2033-09-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| OHIO ST HOSP REVENUE                  | State of Ohio                                                                         | CUSIP: 67756CDZ8<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    175000 | PA      | $187822.53    | 0.08%             | 2035-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BRIDGEPORT CT                         | City of Bridgeport CT                                                                 | CUSIP: 108152HT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1900000 | PA      | $2108124.86   | 0.89%             | 2034-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAINT TAMMANY PARISH LA HOSP S        | St. Tammany Parish Hospital Service District No                                       | CUSIP: 793556CE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1310209.13   | 0.55%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW ORLEANS LA SEWAGE SVC REVE        | City of New Orleans LA Sewerage Service Revenue                                       | CUSIP: 647719PP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    480000 | PA      | $490206.05    | 0.21%             | 2036-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| COOK CNTY IL                          | County of Cook IL                                                                     | CUSIP: 213185KM2<br>LEI: 5493004UMR7OX4YITE10 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1866501.88   | 0.79%             | 2031-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU                 | Chicago Board of Education                                                            | CUSIP: 167505WK8<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1335000 | PA      | $1307291.54   | 0.55%             | 2027-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| OREGON ST BUSINESS DEV COMMISS        | Oregon State Business Development Commission                                          | CUSIP: 68608GAG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $60000.00     | 0.03%             | 2031-04-01      | Fixed         | 11.50%                | No            |                  3 | On Loan: No      |
| PEND OREILLE CNTY WA PUBLIC UT        | Pend Oreille County Public Utility District No  Box Canyon                            | CUSIP: 706643CT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1061287.70   | 0.45%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HILLSBOROUGH CNTY FL PORT DIST        | Hillsborough County Port District                                                     | CUSIP: 432325JG4<br>LEI: 549300HV3CIZREMO9Q36 | Long             | DBT              | MUN               | US        |    400000 | PA      | $430969.00    | 0.18%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DAHLONEGA GA DOWNTOWN DEV AUTH        | Dahlonega Downtown Development Authority                                              | CUSIP: 23378RFQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1047182.70   | 0.44%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BROADVIEW IL                          | Village of Broadview IL                                                               | CUSIP: 111349GS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    745000 | PA      | $801024.52    | 0.34%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CA PUBLIC FACS FING         | San Diego Public Facilities Financing Authority                                       | CUSIP: 797299LP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $798358.43    | 0.34%             | 2031-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HILLSBOROUGH CNTY FL AVIATION         | Hillsborough County Aviation Authority                                                | CUSIP: 432308K94<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $201377.81    | 0.08%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT FREEPORT TX SENIOR LIEN R        | Port Freeport TX                                                                      | CUSIP: 73412PBJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    825000 | PA      | $880891.36    | 0.37%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CAPITAL REGION DEV AUTH               | Capital Region Development Authority                                                  | CUSIP: 14044WAL2<br>LEI: 5493005AW0WUFPOYTH81 | Long             | DBT              | MUN               | US        |   1180000 | PA      | $1281724.73   | 0.54%             | 2029-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST URBAN DEV CORP REV        | New York State Urban Development Corp                                                 | CUSIP: 650036AE6<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1118954.50   | 0.47%             | 2035-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BALTIMORE CNTY MD REVENUE             | County of Baltimore MD                                                                | CUSIP: 059151CW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2013153.60   | 0.85%             | 2029-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC GA        | Main Street Natural Gas, Inc                                                          | CUSIP: 56035DCH3<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1020000 | PA      | $1020216.95   | 0.43%             | 2049-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HGR EDU SUPPLEM        | Connecticut State Higher Education Supplement Loan Authority                          | CUSIP: 207743VR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $272057.40    | 0.11%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW ORLEANS LA AVIATION BRD SP        | New Orleans Aviation Board                                                            | CUSIP: 64763KAV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $546368.75    | 0.23%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONROE TX INDEP SCH DIST              | Conroe Independent School District                                                    | CUSIP: 208418X65<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $827056.50    | 0.35%             | 2037-02-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| ESCAMBIA CNTY FL HLTH FACS AUT        | Escambia County Health Facilities Authority                                           | CUSIP: 296110FU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3172083.00   | 1.34%             | 2032-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST SPL TAX OBLIG R        | State of Connecticut Special Tax Revenue                                              | CUSIP: 207758ZS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $572884.05    | 0.24%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TOLEDO OH                             | City of Toledo OH                                                                     | CUSIP: 889278XY8<br>LEI: 549300I365GIDPR4BM68 | Long             | DBT              | MUN               | US        |    250000 | PA      | $261421.00    | 0.11%             | 2030-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST CAPITAL FACS        | North Carolina Capital Facilities Finance Agency                                      | CUSIP: 65818PNM7<br>LEI: 549300PWNPSB7G58A235 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1117226.20   | 0.47%             | 2031-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BROWARD CNTY FL ARPT SYS REVEN        | County of Broward FL Airport System Revenue                                           | CUSIP: 114894XH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $265173.65    | 0.11%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST ARPTS SYS REVENUE           | State of Hawaii Airports System Revenue                                               | CUSIP: 419794ZN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1012558.60   | 0.43%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHANDLER AZ INDL DEV AUTH INDL        | Chandler Industrial Development Authority                                             | CUSIP: 158862BZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2032162.00   | 0.86%             | 2049-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SALT LAKE CITY UT ARPT REVENUE        | Salt Lake City Corp Airport Revenue                                                   | CUSIP: 795576HC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1060092.40   | 0.45%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST         | New Jersey Transportation Trust Fund Authority                                        | CUSIP: 6461364E8<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    765000 | PA      | $817289.43    | 0.34%             | 2033-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP        | New York Transportation Development Corp                                              | CUSIP: 650116ER3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    505000 | PA      | $529622.89    | 0.22%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN MUNI PWR OH INC SOLAR        | American Municipal Power, Inc                                                         | CUSIP: 02765MAQ5<br>LEI: EARKGGZJJEMVD66XQ486 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1095381.80   | 0.46%             | 2034-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CENTER FOR ARTS & HEALTH SCIEN        | Center for Arts & Health Sciences Public Facilities Corp                              | CUSIP: 151391AP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2035159.40   | 0.86%             | 2037-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CLEVELAND OH INCOME TAX REVENU        | City of Cleveland OH Income Tax Revenue                                               | CUSIP: 186387UN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $220327.48    | 0.09%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HLTH & EDUCTNL         | Connecticut State Health & Educational Facilities Authority                           | CUSIP: 20774YZ67<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |    350000 | PA      | $374227.84    | 0.16%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH WAYNE CNTY PA WTR & SWRA        | South Wayne County Water and Sewer Authority                                          | CUSIP: 840627BG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $507018.40    | 0.21%             | 2037-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2022-12-31

**Name of Applicant:** TIAA-CREF Funds

**Signature:** E. Scott Wickerham

**Name of Signer:** E. Scott Wickerham

**Title:** Principal Financial Officer, Principal Accounting Officer and Treasurer