# EDGAR Filing Document

**Accession Number:** 0000746601
**File Stem:** 0000940400-26-020674
**Filing Date:** 2026-5
**Character Count:** 115014
**Document Hash:** dc57661709aaf4d7f84c826dcbf42919
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-020674.hdr.sgml**: 20260521

**ACCESSION NUMBER**: 0000940400-26-020674

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260521

**DATE AS OF CHANGE**: 20260521

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SIT MUTUAL FUNDS II INC
- **CENTRAL INDEX KEY:** 0000746601

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MN
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04033
- **FILM NUMBER:** 261008140

**BUSINESS ADDRESS:**
- **STREET 1:** 3300 IDS CTR, 80 S. 8TH STREET
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55402
- **BUSINESS PHONE:** 612-332-3223

**MAIL ADDRESS:**
- **STREET 1:** 3300 IDS CTR, 80 S. 8TH STREET
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55402

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SIT NEW BEGINNING TAX FREE INCOME FUND INC
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SIT NEW BEGINNING YIELD FUND INC
- **DATE OF NAME CHANGE:** 19880929

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NEW BEGINNING YIELD FUND INC
- **DATE OF NAME CHANGE:** 19870907

## Series and Classes Contracts Data

### Sit Minnesota Tax-Free Income Fund (Series ID: S000003468)

| Class ID   | Class Name                         | Ticker Symbol   |
|:---|:---|:---|
| C000009602 | Sit Minnesota Tax-Free Income Fund | SMTFX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** SIT MUTUAL FUNDS II INC

- **b. Investment Company Act file number:** 811-04033

- **c. CIK number of Registrant:** 0000746601

- **d. LEI of Registrant:** 2549002D9C8PNDJXIE31

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

  - **Street Address 1:** 80 S. Eighth Street

  - **City:** Minneapolis

  - **State:** MN

  - **Foreign country:** US

  - **Zip / Postal Code:** 55402

  - **Telephone number:** 612-332-3223

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

- **a. Name of Series:** Sit Minnesota Tax-Free Income Fund

- **b. EDGAR series identifier (if any):** S000003468

- **c. LEI of Series:** 254900AFSQI1LY58ZW63

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

- **a. Date of fiscal year-end:** 2026-03-31

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $386389698.40

**Total Liabilities:** $3346100.15

**Net Assets:** $383043598.25

**Delayed Delivery Securities:** $1750000.00

**Cash Not Reported:** $9815276.47

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 689.74906000 | **1-Year:** 5319.94287000 | **5-Year:** 35208.72301000 | **10-Year:** 234719.45892000 | **30-Year:** 20794.84851000

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

- **3-Month:** 178.71867000 | **1-Year:** 838.92720000 | **5-Year:** 4346.93045000 | **10-Year:** 10140.29494000 | **30-Year:** 109.41356000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000009602 | 1.01%                | 1.80%                | -2.47%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $97992.70                | $2374512.72                                |
| Month 2  | $-1624.28                | $6183295.13                                |
| Month 3  | $-1559034.07             | $-9427711.27                               |

**Designated Index Information**

- **Index Name:** Carve Out - ZFA_SI40

- **Index Identifier:** CO_ZFA_SI40

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| MINNESOTA ST HSG FIN AGY                                                                                  | MN MNSHSG 2.75 07/01/2044              | CUSIP: 60416ST34<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   3130000 | PA      | $2475391.80   | 0.65%             | 2044-07-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| ST PAUL MINN HSG & REDEV AUTH                                                                             | MN STPHSG 4 12/01/2049                 | CUSIP: 852297CY4<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $793514.00    | 0.21%             | 2049-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ST PAUL MINN HSG & REDEV AUTH                                                                             | MN STPHSG 6.38 06/15/2061              | CUSIP: 852297EJ5<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $985220.30    | 0.26%             | 2061-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                                                                                  | MN MNSHSG 2.55 01/01/2046              | CUSIP: 60416TLR7<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   2565000 | PA      | $1893230.35   | 0.49%             | 2046-01-01      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| INDEPENDENCE MINN                                                                                         | MN INPEDU 4.25 07/01/2026              | CUSIP: 45362RAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $79874.08     | 0.02%             | 2026-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ST PAUL MINN HSG & REDEV AUTH                                                                             | MN STPMED 5.62 11/01/2046              | CUSIP: 792909FR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1738034.03   | 0.45%             | 2046-11-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| ITASCA (MN), COUNTY OF                                                                                    | MN ITA 2.38 02/01/2045                 | CUSIP: 465452MA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1346601.40   | 0.35%             | 2045-02-01      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| PINE ISLAND MINN INDPT SCH DIST NO 255                                                                    | MN PNISCD 2.25 02/01/2047              | CUSIP: 722650AR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    895000 | PA      | $550913.67    | 0.14%             | 2047-02-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| DULUTH ECONOMIC DEVELOPMENT AUTHORITY (MN)                                                                | MN DULDEV 5.25 06/15/2052              | CUSIP: 26444CKL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1120518.74   | 0.29%             | 2052-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| AMERICAN SAMOA ECONOMIC DEVELOPMENT AUTHORITY                                                             | AS AMSDEV 5.25 09/01/2045              | CUSIP: 02936TAW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $738586.13    | 0.19%             | 2045-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MINN                                                                                          | MN MINMFH 5.75 07/15/2031              | CUSIP: 603767NR1<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |   1015000 | PA      | $1015187.27   | 0.27%             | 2031-07-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| OAK PARK HEIGHTS MINN                                                                                     | MN OAKMED 5.5 08/01/2028               | CUSIP: 671576AX4<br>LEI: 549300837OY6JGJQH303 | Long             | DBT              | MUN               | US        |   1265000 | PA      | $1264973.44   | 0.33%             | 2028-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NORTH OAKS (MN), CITY OF                                                                                  | MN NOAHSG 5 10/01/2047                 | CUSIP: 66126TBB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $962532.30    | 0.25%             | 2047-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ST BONIFACIUS MINN                                                                                        | MN STB 6 06/01/2045                    | CUSIP: 78763EAH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2225000 | PA      | $2268488.29   | 0.59%             | 2045-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                                                                                  | MN MNSHSG 2.47 01/01/2050              | CUSIP: 60416QHT4<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |    771278 | PA      | $619136.24    | 0.16%             | 2050-01-01      | Fixed         | 2.47%                 | No            |                  2 | On Loan: No      |
| ROSEAU INDEPENDENT SCHOOL DISTRICT N.682 (MN)                                                             | MN RSUSCD 2.25 02/01/2046              | CUSIP: 777203KD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $254987.44    | 0.07%             | 2046-02-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS & STATE PAUL MINN MET ARPT                                                                    | MN MINAPT 5.25 01/01/2047              | CUSIP: 603827L53<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2650000 | PA      | $2705037.06   | 0.71%             | 2047-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ST. JOSEPH (MN), CITY OF                                                                                  | MN SJSHSG 5 07/01/2055                 | CUSIP: 790755AL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1337252.55   | 0.35%             | 2055-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS & STATE PAUL MINN MET ARPT                                                                    | MN MINAPT 5 01/01/2041                 | CUSIP: 603827YZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $504456.95    | 0.13%             | 2041-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                                                                                  | MN MNSHSG 3.8 07/01/2038               | CUSIP: 60416SCU2<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |     22000 | PA      | $21225.46     | 0.01%             | 2038-07-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Nuveen Minnesota Quality Municipal                                                                        | Nuveen Minnesota Quality Municipal SHS | CUSIP: 670734102<br>LEI: 549300G7ZQTM08LLEK41 | Long             | EC               | RF                | US        |     73438 | NS      | $895209.22    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| WAYZATA (MN), CITY OF                                                                                     | MN WAYHSG 4 08/01/2044                 | CUSIP: 946829BP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1372079.55   | 0.36%             | 2044-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DULUTH HOUSING AND REDEVELOPMENT AUTHORITY (MN)                                                           | MN DULEDU 5 11/01/2038                 | CUSIP: 264454AG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $993095.51    | 0.26%             | 2038-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                                                                                  | MN MNSHSG 2.55 01/01/2051              | CUSIP: 60416TBH0<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   6210000 | PA      | $4215908.14   | 1.10%             | 2051-01-01      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| ST PAUL MINN HSG & REDEV AUTH                                                                             | MN STPHSG 5.5 12/01/2038               | CUSIP: 852297DT4<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1031989.10   | 0.27%             | 2038-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MOORHEAD (MN), CITY OF                                                                                    | MN MOOMEC 5.12 09/01/2037              | CUSIP: 61615CAB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $220160.75    | 0.06%             | 2037-09-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| DEEPHAVEN MINN                                                                                            | MN DPHEDU 5.25 07/01/2037              | CUSIP: 24380HAQ5<br>LEI: 5493005IOLNBTFT2MD86 | Long             | DBT              | MUN               | US        |   1575000 | PA      | $1575954.77   | 0.41%             | 2037-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| APPLE VY MINN                                                                                             | MN APPGEN 4.25 01/01/2037              | CUSIP: 03789YCP9<br>LEI: 549300AMWD6044L1SO95 | Long             | DBT              | MUN               | US        |   1430000 | PA      | $1176132.96   | 0.31%             | 2037-01-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ST PAUL MINN HSG & REDEV AUTH                                                                             | MN STPHSG 5 12/01/2047                 | CUSIP: 792908CQ6<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2317900.32   | 0.61%             | 2047-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DULUTH HOUSING AND REDEVELOPMENT AUTHORITY (MN)                                                           | MN DULEDU 5 11/01/2048                 | CUSIP: 264454AH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $277975.01    | 0.07%             | 2048-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HIGHER ED FACS AUTH                                                                          | MN MNSHGR 5 05/01/2047                 | CUSIP: 60416H3Z5<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $902872.80    | 0.24%             | 2047-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MINN                                                                                          | MN MINMED 5 11/15/2034                 | CUSIP: 60374VDT7<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |   2590000 | PA      | $2591265.73   | 0.68%             | 2034-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAPLE GROVE MINN HEALTH CARE                                                                              | MN MGRMED 5 05/01/2032                 | CUSIP: 56516TBR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    825000 | PA      | $831937.67    | 0.22%             | 2032-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MINN                                                                                          | MN MINEDU 4 12/01/2031                 | CUSIP: 60375CAY0<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |    440000 | PA      | $369919.13    | 0.10%             | 2031-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                                                                                  | MN MNSHSG 3.45 03/01/2049              | CUSIP: 60416QHL1<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |    460817 | PA      | $413824.62    | 0.11%             | 2049-03-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| DAKOTA COUNTY COMMUNITY DEVELOPMENT AGENCY (MN)                                                           | MN DAKMFH 4.2 05/01/2043               | CUSIP: 23409VFP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $995143.91    | 0.26%             | 2043-05-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| APPLE VY MINN                                                                                             | MN APPGEN 5 01/01/2047                 | CUSIP: 03789YDH6<br>LEI: 549300AMWD6044L1SO95 | Long             | DBT              | MUN               | US        |   2850000 | PA      | $1524894.50   | 0.40%             | 2047-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                                                                                  | MN MNSHSG 3.75 11/01/2048              | CUSIP: 60416QHG2<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |    421375 | PA      | $388811.79    | 0.10%             | 2048-11-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                                                                                  | MN MNSHSG 2.7 07/01/2044               | CUSIP: 60416S6R6<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $1762234.20   | 0.46%             | 2044-07-01      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| ROCHESTER MINN                                                                                            | MN ROCMED 6.88 12/01/2048              | CUSIP: 771906CV4<br>LEI: 549300006EX3INSHXA95 | Long             | DBT              | MUN               | US        |    250000 | PA      | $250129.05    | 0.07%             | 2048-12-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| OAK PARK HEIGHTS MINN                                                                                     | MN OAKMED 6 08/01/2036                 | CUSIP: 671576AZ9<br>LEI: 549300837OY6JGJQH303 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $992214.70    | 0.26%             | 2036-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NORTHEASTERN METROPOLITAN INTERMEDIATE SCHOOL DISTRICT N.916 (MN)                                         | MN NTEEDU 4 02/01/2038                 | CUSIP: 664259DD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2499973.00   | 0.65%             | 2038-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ZUMBROTA-MAZEPPA INDEPENDENT SCHOOL DISTRICT N.2805 (MN)                                                  | MN ZUMSCD 2.5 02/01/2044               | CUSIP: 989786EG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1050178.80   | 0.27%             | 2044-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| DULUTH ECONOMIC DEVELOPMENT AUTHORITY (MN)                                                                | MN DULDEV 3 06/15/2044                 | CUSIP: 26444CJN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $711161.00    | 0.19%             | 2044-06-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HIGHER ED FACS AUTH                                                                          | MN MNSHGR 5 04/01/2035                 | CUSIP: 60416HV27<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |    750000 | PA      | $751113.68    | 0.20%             | 2035-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| APPLE VALLEY MINN                                                                                         | MN APPHSG 5 09/01/2058                 | CUSIP: 03800RAU0<br>LEI: 549300AMWD6044L1SO95 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1796381.00   | 0.47%             | 2058-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAM LAKE (MN), CITY OF                                                                                    | MN HAMEDU 5 07/01/2031                 | CUSIP: 406511AA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $875011.81    | 0.23%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAINT PAUL CITY PORT AUTHORITY (MN)                                                                       | MN STPPOL 4.5 10/01/2037               | CUSIP: 79307RAB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $961829.20    | 0.25%             | 2037-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| APPLE VY MINN                                                                                             | MN APPGEN 6.75 01/01/2027              | CUSIP: 03789YDR4<br>LEI: 549300AMWD6044L1SO95 | Long             | DBT              | MUN               | US        |    200000 | PA      | $180390.50    | 0.05%             | 2027-01-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                                                                                  | MN MNSHSG 5 08/01/2034                 | CUSIP: 60416SJT8<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2002705.00   | 0.52%             | 2034-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BETHEL (MN), CITY OF                                                                                      | MN BETGEN 5 10/01/2041                 | CUSIP: 086760AQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1499269.65   | 0.39%             | 2041-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAM LAKE (MN), CITY OF                                                                                    | MN HAMEDU 4 11/01/2026                 | CUSIP: 406511AM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $214657.63    | 0.06%             | 2026-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ST PAUL MINN HSG & REDEV AUTH                                                                             | MN STPHSG 7.5 02/15/2028               | CUSIP: 792904EL4<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |    120000 | PA      | $120355.01    | 0.03%             | 2028-02-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                                                                                  | MN MNSHSG 2.2 07/01/2041               | CUSIP: 60416TFJ2<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   1680000 | PA      | $1246530.94   | 0.33%             | 2041-07-01      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| ST PAUL MINN HSG & REDEV AUTH                                                                             | MN STPHSG 5 12/01/2030                 | CUSIP: 852297BG4<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |    700000 | PA      | $700495.11    | 0.18%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LAUDERDALE MINN                                                                                           | MN LAUMFH 5.12 01/01/2040              | CUSIP: 51855TBC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1964639.80   | 0.51%             | 2040-01-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MINN                                                                                          | MN MINEDU 5.25 12/01/2043              | CUSIP: 60375CAZ7<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |   1385000 | PA      | $1034183.93   | 0.27%             | 2043-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ST PAUL MINN HSG & REDEV AUTH                                                                             | MN STPHSG 5 12/01/2037                 | CUSIP: 852297BH2<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1150125.12   | 0.30%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                                                                                  | MN MNSHSG 3 08/01/2043                 | CUSIP: 60416TJM1<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   2065000 | PA      | $1748256.26   | 0.46%             | 2043-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ROCHESTER (MN), CITY OF                                                                                   | MN RICPWR 5 12/01/2042                 | CUSIP: 77158PGE6<br>LEI: 549300006EX3INSHXA95 | Long             | DBT              | MUN               | US        |    500000 | PA      | $505062.80    | 0.13%             | 2042-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAUK CENTRE MINN INDPT SCH DIST NO 743                                                                    | MN SKCSCD 2 02/01/2040                 | CUSIP: 804277HW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $730720.50    | 0.19%             | 2040-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MINN                                                                                          | MN MINMFH 2.35 02/01/2038              | CUSIP: 603767PE8<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |   4499932 | PA      | $3610006.43   | 0.94%             | 2038-02-01      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                                                                                  | MN MNSHSG 6 07/01/2053                 | CUSIP: 60416T5P9<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |    845000 | PA      | $905378.63    | 0.24%             | 2053-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                                                                                  | MN MNSHSG 3.3 05/01/2048               | CUSIP: 60416QHC1<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   1352550 | PA      | $1200532.28   | 0.31%             | 2048-05-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| CHATFIELD (MN), CITY OF                                                                                   | MN CHFMED 5 09/01/2052                 | CUSIP: 161818AT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1225000 | PA      | $1018690.77   | 0.27%             | 2052-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ST PAUL MINN HSG & REDEV AUTH                                                                             | MN STPHSG 7 02/15/2028                 | CUSIP: 792904EM2<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |    451000 | PA      | $456208.15    | 0.12%             | 2028-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| MINNETONKA INDEPENDENT SCHOOL DISTRICT (MN)                                                               | MN MTKEDU 2.25 02/01/2044              | CUSIP: 604204ZR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1410000 | PA      | $947439.91    | 0.25%             | 2044-02-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                                                                                  | MN MNSHSG 2.2 01/01/2051               | CUSIP: 60416TCQ9<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $3128371.00   | 0.82%             | 2051-01-01      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                                                                                  | MN MNSHSG 2.45 01/01/2052              | CUSIP: 60416TFL7<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   9340000 | PA      | $6099355.31   | 1.59%             | 2052-01-01      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                                                                                  | MN MNSHSG 2.4 07/01/2046               | CUSIP: 60416TGV4<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   8270000 | PA      | $5869553.94   | 1.53%             | 2046-07-01      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| HAYWARD MINN                                                                                              | MN HYWMED 5.38 08/01/2034              | CUSIP: 421306AB7<br>LEI: 549300YF6QD4DXUDGL81 | Long             | DBT              | MUN               | US        |   1350000 | PA      | $940690.53    | 0.25%             | 2034-08-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| MOORHEAD (MN), CITY OF                                                                                    | MN MOO 2.12 02/01/2042                 | CUSIP: 616142SY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    510000 | PA      | $344251.73    | 0.09%             | 2042-02-01      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| CLOQUET MINN                                                                                              | MN CLOHSG 3.2 08/01/2034               | CUSIP: 189022CE4<br>LEI: 5493006V6FIYLT2MSR46 | Long             | DBT              | MUN               | US        |    200000 | PA      | $177133.42    | 0.05%             | 2034-08-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                                                                                  | MN MNSHSG 2.75 07/01/2042              | CUSIP: 60416TPH5<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   3410000 | PA      | $2692551.00   | 0.70%             | 2042-07-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| ITASCA COUNTY INDEPENDENT SCHOOL DISTRICT N. 318 (MN)                                                     | MN ITASCD 2 02/01/2039                 | CUSIP: 465468FE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2252922.60   | 0.59%             | 2039-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| NORTH OAKS (MN), CITY OF                                                                                  | MN NOAHSG 5 10/01/2035                 | CUSIP: 66126TAZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1504829.10   | 0.39%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                                                                                  | MN MNSHSG 5 07/01/2053                 | CUSIP: 60416TVY1<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   1720000 | PA      | $1785129.69   | 0.47%             | 2053-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW ULM MINN ECONOMIC DEV AUTH HSG FACS                                                                   | MN NEWHSG 5 08/01/2039                 | CUSIP: 64902PAQ2<br>LEI: 549300CQGZ47OC3M6S05 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1281047.55   | 0.33%             | 2039-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HIGHER ED FACS AUTH                                                                          | MN MNSHGR 4 10/01/2044                 | CUSIP: 60416JCE8<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3846286.00   | 1.00%             | 2044-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                                                                                  | MN MNSHSG 2 07/01/2040                 | CUSIP: 60416TCN6<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   3165000 | PA      | $2240421.53   | 0.58%             | 2040-07-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| INDEPENDENCE MINN                                                                                         | MN INPEDU 4.75 07/01/2031              | CUSIP: 45362RAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $746751.68    | 0.19%             | 2031-07-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ST CLOUD MINN CHARTER SCH                                                                                 | MN STCEDU 5 04/01/2036                 | CUSIP: 788326AC0<br>LEI: 549300IOO80ICGIWAU74 | Long             | DBT              | MUN               | US        |   1850000 | PA      | $1714761.30   | 0.45%             | 2036-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH OAKS (MN), CITY OF                                                                                  | MN NOAHSG 4.25 10/01/2041              | CUSIP: 66126TBA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $140359.77    | 0.04%             | 2041-10-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CENTER CITY MINN                                                                                          | MN CMCMED 5 11/01/2047                 | CUSIP: 151452CR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $508003.25    | 0.13%             | 2047-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ST PAUL MINN HSG & REDEV AUTH                                                                             | MN STPHSG 4.25 12/01/2027              | CUSIP: 792908CJ2<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |    725000 | PA      | $724010.74    | 0.19%             | 2027-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| GUAM GOVERNMENT WATERWORKS AUTHORITY                                                                      | GU GMSUTL 5 01/01/2046                 | CUSIP: 40065FCH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2001231.00   | 0.52%             | 2046-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PINE ISLAND MINN INDPT SCH DIST NO 255                                                                    | MN PNISCD 2.2 02/01/2044               | CUSIP: 722650AQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1110000 | PA      | $722782.27    | 0.19%             | 2044-02-01      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| ROCHESTER MINN                                                                                            | MN ROCMED 5 11/15/2034                 | CUSIP: 771902HC0<br>LEI: 549300006EX3INSHXA95 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3413241.60   | 0.89%             | 2034-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MORRISON CNTY MINN ED DIST NO 6979                                                                        | MN MRSSCD 4.5 02/01/2034               | CUSIP: 618398AJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000482.40   | 0.26%             | 2034-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ST PAUL MINN HSG & REDEV AUTH                                                                             | MN STPHSG 4 06/01/2051                 | CUSIP: 852297DH0<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |   1225000 | PA      | $699441.19    | 0.18%             | 2051-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHISAGO CITY (MN), CITY OF                                                                                | MN CHIHSG 6 08/01/2033                 | CUSIP: 17012CAS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $750380.63    | 0.20%             | 2033-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SAINT PAUL MINN PORT AUTH DIST                                                                            | MN STPTRN 4 10/01/2040                 | CUSIP: 79308GAB3<br>LEI: 549300XSRDPV7OLEL437 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $918261.80    | 0.24%             | 2040-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ST PAUL MINN HSG & REDEV AUTH                                                                             | MN STPMFH 5.3 11/01/2030               | CUSIP: 792892HL8<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |    660000 | PA      | $660044.88    | 0.17%             | 2030-11-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| APPLE VALLEY MINN                                                                                         | MN APPHSG 4 09/01/2051                 | CUSIP: 03800RBF2<br>LEI: 549300AMWD6044L1SO95 | Long             | DBT              | MUN               | US        |    830000 | PA      | $650445.60    | 0.17%             | 2051-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ROCHESTER MINN                                                                                            | MN ROCMED 4.38 11/15/2053              | CUSIP: 771902HQ9<br>LEI: 549300006EX3INSHXA95 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3801405.20   | 0.99%             | 2053-11-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ITASCA CNTY MINN INDPT SCH DIST NO 318                                                                    | MN ITASCD 2 02/01/2040                 | CUSIP: 465468FF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4250000 | PA      | $3109365.88   | 0.81%             | 2040-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO INDUSTRIAL TOURIST EDUCATIONAL MEDICAL & ENVIRONMENTAL CONTROL FACILITIES FINANCING AUTHORITY | PR PRCMED 4 07/01/2037                 | CUSIP: 74527EFT0<br>LEI: 549300YJRISCG6HQ4512 | Long             | DBT              | MUN               | US        |    175000 | PA      | $164810.49    | 0.04%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ST PAUL MINN HSG & REDEV AUTH                                                                             | MN STPHSG 4.62 03/01/2043              | CUSIP: 79289TES7<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |   1135000 | PA      | $940521.61    | 0.25%             | 2043-03-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MINN                                                                                          | MN MINMED 5 11/15/2029                 | CUSIP: 60374VDN0<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |    200000 | PA      | $200145.14    | 0.05%             | 2029-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ST PAUL MINN HSG & REDEV AUTH                                                                             | MN STPHSG 4.5 12/01/2029               | CUSIP: 79289TFD9<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |    585000 | PA      | $557305.05    | 0.15%             | 2029-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| WAYZATA (MN), CITY OF                                                                                     | MN WAYHSG 5 08/01/2054                 | CUSIP: 946829BR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2617597.40   | 0.68%             | 2054-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAINT PAUL PORT AUTHORITY (MN)                                                                            | MN STPTRN 5 08/01/2036                 | CUSIP: 79304NFW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3105000 | PA      | $3106528.90   | 0.81%             | 2036-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WAITE PARK MINN                                                                                           | MN WAI 5 12/15/2050                    | CUSIP: 930727P97<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $773503.43    | 0.20%             | 2050-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WOODBURY MINN CHARTER SCH                                                                                 | MN WDBEDU 5.25 06/01/2045              | CUSIP: 979134AY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2869564.80   | 0.75%             | 2045-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS & STATE PAUL MINN MET ARPT                                                                    | MN MINAPT 5.25 01/01/2049              | CUSIP: 603827Q82<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2540318.00   | 0.66%             | 2049-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                                                                                  | MN MNSHSG 6 01/01/2053                 | CUSIP: 60416TYA0<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   1055000 | PA      | $1120844.87   | 0.29%             | 2053-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CLOQUET MINN                                                                                              | MN CLOHSG 2.2 08/01/2028               | CUSIP: 189022BY1<br>LEI: 5493006V6FIYLT2MSR46 | Long             | DBT              | MUN               | US        |    180000 | PA      | $171340.65    | 0.04%             | 2028-08-01      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| ST PAUL MINN HSG & REDEV AUTH                                                                             | MN STPHSG 5.25 12/01/2043              | CUSIP: 79289WBV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1066886.90   | 0.28%             | 2043-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ST CLOUD MINN                                                                                             | MN SUDMED 5 05/01/2046                 | CUSIP: 78916VDR8<br>LEI: 549300IOO80ICGIWAU74 | Long             | DBT              | MUN               | US        |   5385000 | PA      | $5387055.99   | 1.41%             | 2046-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CARVER & SIBLEY CNTYS MINN INDPT SCH DIST NO 108 CENTRAL PUB SCHS                                         | MN CSBSCD 2.12 02/01/2042              | CUSIP: 146873BU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $989296.00    | 0.26%             | 2042-02-01      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                                                                                  | MN MNSHSG 2.45 07/01/2045              | CUSIP: 60416TBG2<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   3130000 | PA      | $2268297.54   | 0.59%             | 2045-07-01      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| MADISON LAKE MINN                                                                                         | MN MNL 2.12 02/01/2042                 | CUSIP: 557726HQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    590000 | PA      | $394056.16    | 0.10%             | 2042-02-01      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| MINNESOTA OFFICE OF HIGHER EDUCATION (MN)                                                                 | MN MNSHGR 2.65 11/01/2038              | CUSIP: 60416MBS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2260000 | PA      | $2084698.81   | 0.54%             | 2038-11-01      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| APPLE VALLEY MINN                                                                                         | MN APPHSG 4 09/01/2061                 | CUSIP: 03800RBG0<br>LEI: 549300AMWD6044L1SO95 | Long             | DBT              | MUN               | US        |    750000 | PA      | $554935.65    | 0.14%             | 2061-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ST PAUL MINN HSG & REDEV AUTH                                                                             | MN STPHSG 3 12/01/2029                 | CUSIP: 852297CV0<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |    625000 | PA      | $602746.31    | 0.16%             | 2029-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                                                                                  | MN MNSHSG 2.5 07/01/2051               | CUSIP: 60416TEA2<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   5635000 | PA      | $3762847.89   | 0.98%             | 2051-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| APPLE VALLEY MINN                                                                                         | MN APPHSG 5.5 09/01/2055               | CUSIP: 03800RBK1<br>LEI: 549300AMWD6044L1SO95 | Long             | DBT              | MUN               | US        |    500000 | PA      | $501288.00    | 0.13%             | 2055-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ST LOUIS PARK MINN                                                                                        | MN SLPMED 06/01/2041                   | CUSIP: 791748FN1<br>LEI: 549300F6X6Q4H3ALF786 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2093552.33   | 0.55%             | 2041-06-01      | Variable      | 4.60%                 | No            |                  2 | On Loan: No      |
| BETHEL (MN), CITY OF                                                                                      | MN BETEDU 4.25 07/01/2047              | CUSIP: 086759AL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1486331.70   | 0.39%             | 2047-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CLOQUET MINN                                                                                              | MN CLOHSG 4 08/01/2048                 | CUSIP: 189022CJ3<br>LEI: 5493006V6FIYLT2MSR46 | Long             | DBT              | MUN               | US        |    500000 | PA      | $366746.00    | 0.10%             | 2048-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ST PAUL MINN HSG & REDEV AUTH                                                                             | MN STPHSG 5 12/01/2036                 | CUSIP: 792893HX0<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2061084.00   | 0.54%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLAINE (MN), CITY OF                                                                                      | MN BLAHSG 5.12 07/01/2025              | CUSIP: 092792AA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    892133 | PA      | $847526.27    | 0.22%             | 2025-07-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| BLAINE (MN), CITY OF                                                                                      | MN BLAHSG 5.75 07/01/2035              | CUSIP: 092792AB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1174047 | PA      | $1115344.58   | 0.29%             | 2035-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ST PAUL MINN HSG & REDEV AUTH                                                                             | MN STPHSG 5.25 12/01/2045              | CUSIP: 79289WBX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1048762.70   | 0.27%             | 2045-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MINNESOTA HEALTH & ED FACS AUTH                                                                           | MN MNSMED 5.5 03/01/2066               | CUSIP: 60410PBG6<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2104314.40   | 0.55%             | 2066-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| APPLE VALLEY MINN                                                                                         | MN APPHSG 4 09/01/2036                 | CUSIP: 03800RBD7<br>LEI: 549300AMWD6044L1SO95 | Long             | DBT              | MUN               | US        |    300000 | PA      | $289053.51    | 0.08%             | 2036-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| APPLE VY MINN                                                                                             | MN APPGEN 4.38 01/01/2047              | CUSIP: 03789YCQ7<br>LEI: 549300AMWD6044L1SO95 | Long             | DBT              | MUN               | US        |   1640000 | PA      | $1178036.44   | 0.31%             | 2047-01-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ST PAUL MINN HSG & REDEV AUTH                                                                             | MN STPHSG 6.38 02/15/2028              | CUSIP: 792904ET7<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |     32000 | PA      | $32055.61     | 0.01%             | 2028-02-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| DEEPHAVEN MINN                                                                                            | MN DPHEDU 5.25 07/01/2040              | CUSIP: 24380HAR3<br>LEI: 5493005IOLNBTFT2MD86 | Long             | DBT              | MUN               | US        |    600000 | PA      | $600237.06    | 0.16%             | 2040-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                                                                                  | MN MNSHSG 2.15 07/01/2045              | CUSIP: 60416TCP1<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   3850000 | PA      | $2615411.26   | 0.68%             | 2045-07-01      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                                                                                  | MN MNSHSG 2.25 07/01/2041              | CUSIP: 60416TGU6<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   7295000 | PA      | $5463608.49   | 1.43%             | 2041-07-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MINN                                                                                          | MN MINEDU 5 12/01/2037                 | CUSIP: 60375CAV6<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $968467.30    | 0.25%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                                                                                  | MN MNSHSG 3.15 06/01/2049              | CUSIP: 60416QHN7<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |    745552 | PA      | $656796.97    | 0.17%             | 2049-06-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                                                                                  | MN MNSHSG 6.25 01/01/2054              | CUSIP: 60416T6X1<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |    905000 | PA      | $979764.77    | 0.26%             | 2054-01-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ROCHESTER MINN                                                                                            | MN ROCMED 4 11/15/2048                 | CUSIP: 771902HF3<br>LEI: 549300006EX3INSHXA95 | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7052610.75   | 1.84%             | 2048-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS & STATE PAUL MINN MET ARPT                                                                    | MN MINAPT 4 01/01/2054                 | CUSIP: 603827N44<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1529364.38   | 0.40%             | 2054-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA HEALTH & ED FACS AUTH                                                                           | MN MNSMED 5.25 03/01/2056              | CUSIP: 60410PBF8<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1035834.70   | 0.27%             | 2056-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ST PAUL MINN HSG & REDEV AUTH                                                                             | MN STPHSG 3 06/01/2031                 | CUSIP: 852297DF4<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |    700000 | PA      | $561715.07    | 0.15%             | 2031-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SARTELL MINN INDPT SCH DIST NO 748                                                                        | MN SARSCD 4.5 02/01/2046               | CUSIP: 803820MD8<br>LEI: 5493000PV4ZFGHUOYJ38 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005603.20   | 0.26%             | 2046-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BETHEL MINN                                                                                               | MN BETMED 6.12 03/01/2044              | CUSIP: 08675RAU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2031799.80   | 0.53%             | 2044-03-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HIGHER ED FACS AUTH                                                                          | MN MNSHGR 5 10/01/2052                 | CUSIP: 60416JFL9<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3039816.90   | 0.79%             | 2052-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLAINE (MN), CITY OF                                                                                      | MN BLAHSG 6.12 07/01/2045              | CUSIP: 092792AC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1427413 | PA      | $1356042.04   | 0.35%             | 2045-07-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| NORTHEASTERN METROPOLITAN INTERMEDIATE SCHOOL DISTRICT N.916 (MN)                                         | MN NTEEDU 5 02/01/2034                 | CUSIP: 664259DB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001837.20   | 0.26%             | 2034-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MINN                                                                                          | MN MINEDU 4.25 12/01/2027              | CUSIP: 60375CAT1<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |    425000 | PA      | $423812.04    | 0.11%             | 2027-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| VERGAS (MN), CITY OF                                                                                      | MN VERHSG 4.25 08/01/2043              | CUSIP: 923413AN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $800819.70    | 0.21%             | 2043-08-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CROOKSTON HEALTH CARE FACILITIES (MN)                                                                     | MN CRKMED 4 05/01/2032                 | CUSIP: 227235AV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $638116.00    | 0.17%             | 2032-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ST PAUL MINN HSG & REDEV AUTH                                                                             | MN STPHSG 5 07/01/2033                 | CUSIP: 852297AL4<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |    700000 | PA      | $700302.82    | 0.18%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BELLE PLAINE MINN INDPT SCH DIST NO 716                                                                   | MN BLPSCD 5 02/01/2052                 | CUSIP: 078545KT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $512932.25    | 0.13%             | 2052-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDEPENDENCE MINN                                                                                         | MN INPEDU 3.25 06/01/2031              | CUSIP: 45362RAP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $206909.28    | 0.05%             | 2031-06-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| ST PAUL MINN HSG & REDEV AUTH                                                                             | MN STPHSG 4 12/01/2039                 | CUSIP: 852297CW8<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |    600000 | PA      | $539317.98    | 0.14%             | 2039-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DULUTH HOUSING AND REDEVELOPMENT AUTHORITY (MN)                                                           | MN DULMED 4.95 08/01/2042              | CUSIP: 264469AC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1293000 | PA      | $1353388.40   | 0.35%             | 2042-08-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| HUGO (MN)                                                                                                 | MN HUGEDU 5 07/01/2029                 | CUSIP: 444584AH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    615000 | PA      | $615239.17    | 0.16%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA (MN), STATE OF                                                                                  | MN MNS 2 09/01/2040                    | CUSIP: 60412AXR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $3578654.50   | 0.93%             | 2040-09-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA OFFICE OF HIGHER EDUCATION (MN)                                                                 | MN MNSHGR 4 11/01/2042                 | CUSIP: 60416MCA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1883215.20   | 0.49%             | 2042-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| RUM RIV SPL ED COOP MINN                                                                                  | MN RUMCTF 5.5 02/01/2046               | CUSIP: 781378AC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1212832.32   | 0.32%             | 2046-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MINN                                                                                          | MN MINMED 5 11/15/2049                 | CUSIP: 60374VEF6<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2421653.75   | 0.63%             | 2049-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HIGHER ED FACS AUTH                                                                          | MN MNSHGR 5 03/01/2037                 | CUSIP: 60416HX82<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1900336.11   | 0.50%             | 2037-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNETONKA INDEPENDENT SCHOOL DISTRICT (MN)                                                               | MN MTKEDU 2.38 07/01/2051              | CUSIP: 604204YA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $442479.68    | 0.12%             | 2051-07-01      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| ST PAUL MINN HSG & REDEV AUTH                                                                             | MN STPHSG 4.12 09/01/2047              | CUSIP: 852297BY5<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |    475000 | PA      | $402518.33    | 0.11%             | 2047-09-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| DAKOTA COUNTY COMMUNITY DEVELOPMENT AGENCY (MN)                                                           | MN DAKMFH 5.75 08/01/2030              | CUSIP: 23409VEJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $852471.99    | 0.22%             | 2030-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| DULUTH HOUSING AND REDEVELOPMENT AUTHORITY (MN)                                                           | MN DULMFH 4.5 08/01/2041               | CUSIP: 264455AA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1236581 | PA      | $1249707.83   | 0.33%             | 2041-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SAVAGE (MN), CITY OF                                                                                      | MN SAVEDU 4 10/01/2026                 | CUSIP: 80466EAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $89768.66     | 0.02%             | 2026-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MAPLE GROVE MINN HEALTH CARE                                                                              | MN MGRMED 4 05/01/2037                 | CUSIP: 56516TBU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2175000 | PA      | $2083589.97   | 0.54%             | 2037-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ST PAUL MINN HSG & REDEV AUTH                                                                             | MN STPHSG 5.25 12/01/2044              | CUSIP: 79289WBW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1056497.70   | 0.28%             | 2044-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BRAINERD MINN                                                                                             | MN BRAHSG 6 05/01/2055                 | CUSIP: 10501DAE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1013361.80   | 0.26%             | 2055-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ST PAUL MINN HSG & REDEV AUTH                                                                             | MN STPHSG 5.5 09/01/2055               | CUSIP: 852297EG1<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |    555000 | PA      | $535855.39    | 0.14%             | 2055-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| DAKOTA COUNTY COMMUNITY DEVELOPMENT AGENCY (MN)                                                           | MN DAKMFH 6 08/01/2035                 | CUSIP: 23409VEK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $939445.50    | 0.25%             | 2035-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                                                                                  | MN MNSHSG 2.35 07/01/2041              | CUSIP: 60416TLQ9<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   7680000 | PA      | $5841437.18   | 1.53%             | 2041-07-01      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| LAKES AREA ECONOMIC DEV AUTH MINN                                                                         | MN LAEMED 5.5 11/01/2046               | CUSIP: 512060AB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $844644.32    | 0.22%             | 2046-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| APPLE VALLEY MINN                                                                                         | MN APPHSG 4 09/01/2041                 | CUSIP: 03800RBE5<br>LEI: 549300AMWD6044L1SO95 | Long             | DBT              | MUN               | US        |    440000 | PA      | $398071.96    | 0.10%             | 2041-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BIG LAKE MINN ECONOMIC DEV AUTH                                                                           | MN BIGDEV 5 02/01/2052                 | CUSIP: 089267AW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3825000 | PA      | $3881652.08   | 1.01%             | 2052-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CARVER & SIBLEY CNTYS MINN INDPT SCH DIST NO 108 CENTRAL PUB SCHS                                         | MN CSBSCD 2.25 02/01/2045              | CUSIP: 146873BV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1010230.05   | 0.26%             | 2045-02-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| HAYWARD MINN                                                                                              | MN HYWMED 5.75 02/01/2044              | CUSIP: 421306AC5<br>LEI: 549300YF6QD4DXUDGL81 | Long             | DBT              | MUN               | US        |    500000 | PA      | $344490.85    | 0.09%             | 2044-02-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| WAYZATA (MN), CITY OF                                                                                     | MN WAYHSG 5 08/01/2049                 | CUSIP: 946829BQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $973428.70    | 0.25%             | 2049-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ROCHESTER MINN                                                                                            | MN ROCMED 6.38 12/01/2033              | CUSIP: 771906CT9<br>LEI: 549300006EX3INSHXA95 | Long             | DBT              | MUN               | US        |    640000 | PA      | $640692.80    | 0.17%             | 2033-12-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| VIRGIN ISLANDS PUBLIC FINANCE AUTHORITY                                                                   | VI VITGEN 5 10/01/2042                 | CUSIP: 927676RV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1931365.40   | 0.50%             | 2042-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ST PAUL MINN HSG & REDEV AUTH                                                                             | MN STPHSG 5 05/01/2038                 | CUSIP: 792908CG8<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |   2150000 | PA      | $1993139.66   | 0.52%             | 2038-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HIGHER ED FACS AUTH                                                                          | MN MNSHGR 5 10/01/2040                 | CUSIP: 60416JCC2<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |    850000 | PA      | $880273.86    | 0.23%             | 2040-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HUGO (MN)                                                                                                 | MN HUGEDU 5 07/01/2034                 | CUSIP: 444584AJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000186.60   | 0.26%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HIGHER ED FACS AUTH                                                                          | MN MNSHGR 3 10/01/2041                 | CUSIP: 60416JCZ1<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |   2530000 | PA      | $2142724.55   | 0.56%             | 2041-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ST PAUL MINN HSG & REDEV AUTH                                                                             | MN STPHSG 5 12/01/2046                 | CUSIP: 852297BJ8<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |    705000 | PA      | $668742.41    | 0.17%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HIGHER ED FACS AUTH                                                                          | MN MNSHGR 5 10/01/2049                 | CUSIP: 60416JHZ6<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |   3650000 | PA      | $3703519.95   | 0.97%             | 2049-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| APPLE VALLEY MINN                                                                                         | MN APPHSG 5.38 09/01/2045              | CUSIP: 03800RBJ4<br>LEI: 549300AMWD6044L1SO95 | Long             | DBT              | MUN               | US        |    400000 | PA      | $406097.76    | 0.11%             | 2045-09-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| MINNETONKA INDEPENDENT SCHOOL DISTRICT (MN)                                                               | MN MTKEDU 2.12 02/01/2041              | CUSIP: 604204ZG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $707267.20    | 0.18%             | 2041-02-01      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| ST PAUL MINN HSG & REDEV AUTH                                                                             | MN STPMFH 5.38 05/01/2043              | CUSIP: 792892HM6<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |   2590000 | PA      | $2498256.50   | 0.65%             | 2043-05-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| DEEPHAVEN MINN                                                                                            | MN DPHEDU 5.5 07/01/2050               | CUSIP: 24380HAS1<br>LEI: 5493005IOLNBTFT2MD86 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $999958.50    | 0.26%             | 2050-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MOORHEAD MINN ECONOMIC DEV AUTH                                                                           | MN MOODEV 4.65 09/01/2026              | CUSIP: 61615JAP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $139320.03    | 0.04%             | 2026-09-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS & ST PAUL MINN HSG & REDEV AUTH                                                               | MN MINMED 5 08/15/2042                 | CUSIP: 603695KD8<br>LEI: 549300KIIPBGID7OQ807 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2635173.75   | 0.69%             | 2042-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WACONIA INDEPENDENT SCHOOL DISTRICT N.110 (MN)                                                            | MN WACEDU 5 02/01/2037                 | CUSIP: 930051AM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500438.65    | 0.13%             | 2037-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA AGRIC & ECONOMIC DEV BRD                                                                        | MN MNSAGR 5.25 01/01/2054              | CUSIP: 6049203E6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5200000 | PA      | $5307840.72   | 1.39%             | 2054-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| INDEPENDENCE (MN), CITY OF                                                                                | MN INPEDU 5 07/01/2036                 | CUSIP: 45362RAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1180015.80   | 0.31%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HIGHER ED FACS AUTH                                                                          | MN MNSHGR 4 04/01/2039                 | CUSIP: 60416HV43<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1084495.08   | 0.28%             | 2039-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                                                                                  | MN MNSHSG 5.35 07/01/2036              | CUSIP: 60416TXU7<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |    945000 | PA      | $979985.22    | 0.26%             | 2036-07-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MINN                                                                                          | MN MINHSG 4.75 11/01/2028              | CUSIP: 603787AH5<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |    375000 | PA      | $374972.29    | 0.10%             | 2028-11-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| MINNESOTA MUN GAS AGY                                                                                     | MN MGAUTL 5 09/01/2035                 | CUSIP: 60406XAJ0<br>LEI: 549300SISI6N1C6S3136 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7212308.60   | 1.88%             | 2035-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ITASCA (MN), COUNTY OF                                                                                    | MN ITA 2.5 02/01/2050                  | CUSIP: 465452MF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $2458452.80   | 0.64%             | 2050-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                                                                                  | MN MNSHSG 2.45 07/01/2046              | CUSIP: 60416TDZ8<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   7645000 | PA      | $5486764.51   | 1.43%             | 2046-07-01      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| DAKOTA COUNTY COMMUNITY DEVELOPMENT AGENCY (MN)                                                           | MN DAKMFH 3.55 04/01/2039              | CUSIP: 23409VFK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2074056.75   | 0.54%             | 2039-04-01      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS & STATE PAUL MINN MET ARPT                                                                    | MN MINAPT 5 01/01/2052                 | CUSIP: 603827H66<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $503650.20    | 0.13%             | 2052-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MINN                                                                                          | MN MINHSG 5 11/01/2035                 | CUSIP: 603787AK8<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1481731.35   | 0.39%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                                                                                  | MN MNSHSG 2.62 01/01/2040              | CUSIP: 60416S4C1<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   4530000 | PA      | $3732032.35   | 0.97%             | 2040-01-01      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| ROCHESTER MINN                                                                                            | MN ROCMED 6.5 12/01/2035               | CUSIP: 771906CU6<br>LEI: 549300006EX3INSHXA95 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2502485.50   | 0.65%             | 2035-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS & ST PAUL MINN HSG & REDEV AUTH                                                               | MN MINMED 5 08/15/2043                 | CUSIP: 603695KE6<br>LEI: 549300KIIPBGID7OQ807 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1049517.60   | 0.27%             | 2043-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLOQUET MINN                                                                                              | MN CLOHSG 4 08/01/2041                 | CUSIP: 189022CH7<br>LEI: 5493006V6FIYLT2MSR46 | Long             | DBT              | MUN               | US        |    500000 | PA      | $418949.35    | 0.11%             | 2041-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                                                                                  | MN MNSHSG 5.1 07/01/2042               | CUSIP: 60416TXY9<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   1190000 | PA      | $1247228.41   | 0.33%             | 2042-07-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| CRYSTAL MINN GOVTL FACS                                                                                   | MN CRYFAC 5.09 12/15/2026              | CUSIP: 229352AA7<br>LEI: 5493006VVT2V0LJJNG38 | Long             | DBT              | MUN               | US        |     61840 | PA      | $61161.72     | 0.02%             | 2026-12-15      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| SAINT PAUL MINN PORT AUTH DIST                                                                            | MN STPTRN 5.25 10/01/2042              | CUSIP: 79308GAQ0<br>LEI: 549300XSRDPV7OLEL437 | Long             | DBT              | MUN               | US        |    750000 | PA      | $773387.10    | 0.20%             | 2042-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BETHEL (MN), CITY OF                                                                                      | MN BETEDU 4 07/01/2037                 | CUSIP: 086759AK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1041258.46   | 0.27%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HAM LAKE (MN), CITY OF                                                                                    | MN HAMEDU 5 11/01/2036                 | CUSIP: 406511AN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2720000 | PA      | $2724544.03   | 0.71%             | 2036-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLOGNE MINN                                                                                              | MN CLGEDU 5 07/01/2029                 | CUSIP: 195239AH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    470000 | PA      | $470178.79    | 0.12%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OAKDALE MINN                                                                                              | MN OKDMED 5.7 12/01/2050               | CUSIP: 67208TAC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2550000 | PA      | $2539874.46   | 0.66%             | 2050-12-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| ANOKA MINN                                                                                                | MN ANOHSG 5.5 11/01/2046               | CUSIP: 036327AH7<br>LEI: 549300R336CIYVDY0N47 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $955921.10    | 0.25%             | 2046-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| DULUTH MINN INDPT SCH DIST NO 709                                                                         | MN DULSCD 4 09/30/2026                 | CUSIP: 264471ME0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2009258.20   | 0.52%             | 2026-09-30      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ST PAUL MINN HSG & REDEV AUTH                                                                             | MN STPHSG 2 09/01/2026                 | CUSIP: 852297DL1<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |     75000 | PA      | $74288.54     | 0.02%             | 2026-09-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| APPLE VY MINN                                                                                             | MN APPGEN 7 01/01/2037                 | CUSIP: 03789YDS2<br>LEI: 549300AMWD6044L1SO95 | Long             | DBT              | MUN               | US        |    950000 | PA      | $493670.54    | 0.13%             | 2037-01-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| MINNETONKA MINN                                                                                           | MN MTKMFH 3 11/01/2034                 | CUSIP: 604217CS6<br>LEI: 549300NQZ4FEG58M2309 | Long             | DBT              | MUN               | US        |   1760551 | PA      | $1622844.33   | 0.42%             | 2034-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| APPLE VY MINN                                                                                             | MN APPGEN 4 01/01/2030                 | CUSIP: 03789YCL8<br>LEI: 549300AMWD6044L1SO95 | Long             | DBT              | MUN               | US        |    950000 | PA      | $889237.15    | 0.23%             | 2030-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HIGHER ED FACS AUTH                                                                          | MN MNSHGR 5 10/01/2047                 | CUSIP: 60416JFK1<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2045405.80   | 0.53%             | 2047-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAYWARD MINN                                                                                              | MN HYWMED 5 10/01/2034                 | CUSIP: 421307AL3<br>LEI: 549300YF6QD4DXUDGL81 | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1016500.00   | 0.27%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH OAKS (MN), CITY OF                                                                                  | MN NOAHSG 4 10/01/2033                 | CUSIP: 66126TAY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1937843.00   | 0.51%             | 2033-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| INDEPENDENCE MINN                                                                                         | MN INPEDU 4 06/01/2051                 | CUSIP: 45362RAR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1410000 | PA      | $993949.33    | 0.26%             | 2051-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SARTELL (MN), CITY OF                                                                                     | MN SARMED 5.3 09/01/2037               | CUSIP: 803807AX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2150000 | PA      | $2150009.25   | 0.56%             | 2037-09-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| CENTER CITY (MN), CITY OF                                                                                 | MN CMCMED 5 11/01/2044                 | CUSIP: 151452CQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1035402.20   | 0.27%             | 2044-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MANKATO MINN INDPT SCH DIST NO 77                                                                         | MN MANSCD 4 02/01/2042                 | CUSIP: 563690TF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1117396.01   | 0.29%             | 2042-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FRIDLEY (MN), CITY OF                                                                                     | MN FRIMFH 3.75 11/01/2034              | CUSIP: 358413AA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3170925 | PA      | $3140268.00   | 0.82%             | 2034-11-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| SAINT PAUL MINN PORT AUTH DIST                                                                            | MN STPTRN 5 10/01/2046                 | CUSIP: 79308GBC0<br>LEI: 549300XSRDPV7OLEL437 | Long             | DBT              | MUN               | US        |    650000 | PA      | $671162.05    | 0.18%             | 2046-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| APPLE VALLEY MINN                                                                                         | MN APPHSG 5.62 09/01/2065              | CUSIP: 03800RBL9<br>LEI: 549300AMWD6044L1SO95 | Long             | DBT              | MUN               | US        |    750000 | PA      | $753428.85    | 0.20%             | 2065-09-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| MINNESOTA OFFICE OF HIGHER EDUCATION (MN)                                                                 | MN MNSHGR 4 11/01/2037                 | CUSIP: 60416MBL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    990000 | PA      | $987645.19    | 0.26%             | 2037-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FOREST LAKE MINN                                                                                          | MN FLVEDU 5.5 08/01/2036               | CUSIP: 345856AH1<br>LEI: 549300YEG0ZNW83BJB14 | Long             | DBT              | MUN               | US        |    850000 | PA      | $850589.31    | 0.22%             | 2036-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SHAKOPEE MINN                                                                                             | MN SHAHSG 5.75 11/01/2055              | CUSIP: 81919TAE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1479754.05   | 0.39%             | 2055-11-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO INDUSTRIAL TOURIST EDUCATIONAL MEDICAL & ENVIRONMENTAL CONTROL FACILITIES FINANCING AUTHORITY | PR PRCMED 4 07/01/2041                 | CUSIP: 74527EFX1<br>LEI: 549300YJRISCG6HQ4512 | Long             | DBT              | MUN               | US        |    220000 | PA      | $193857.05    | 0.05%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PINE ISLAND MINN INDPT SCH DIST NO 255                                                                    | MN PNISCD 2 02/01/2040                 | CUSIP: 722650AP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $368388.25    | 0.10%             | 2040-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| MOORHEAD (MN), CITY OF                                                                                    | MN MOOMEC 5 09/01/2032                 | CUSIP: 61615CAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $932610.20    | 0.24%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DAKOTA COUNTY COMMUNITY DEVELOPMENT AGENCY (MN)                                                           | MN DAKHSG 4 01/01/2042                 | CUSIP: 23409REL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2494637.25   | 0.65%             | 2042-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                                                                                  | MN MNSHSG 3 07/01/2043                 | CUSIP: 60416TQP6<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   2300000 | PA      | $1936594.25   | 0.51%             | 2043-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| WHITE BEAR LAKE MINN INDPT SCH DIST NO 624                                                                | MN WHISCD 3 02/01/2043                 | CUSIP: 963439C44<br>LEI: 549300I7BXOUJLASQ618 | Long             | DBT              | MUN               | US        |  10850000 | PA      | $8962411.40   | 2.34%             | 2043-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SAUK RAPIDS MINN                                                                                          | MN SAUMED 5.12 01/01/2039              | CUSIP: 804359BW6<br>LEI: 549300EEYEG1XIKNKU21 | Long             | DBT              | MUN               | US        |   1565000 | PA      | $1419954.70   | 0.37%             | 2039-01-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| ST PAUL PK MINN HSG                                                                                       | MN SPPMED 5 09/01/2042                 | CUSIP: 85235KAW3<br>LEI: 549300RN3JLIQQH41516 | Long             | DBT              | MUN               | US        |   1820000 | PA      | $1819926.11   | 0.48%             | 2042-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                                                                                  | MN MNSHSG 2.38 07/01/2046              | CUSIP: 60416TFK9<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |    475000 | PA      | $338769.91    | 0.09%             | 2046-07-01      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| ROBBINSDALE INDEPENDENT SCHOOL DISTRICT N.281 (MN)                                                        | MN ROBSCD 2.25 02/01/2041              | CUSIP: 770265HM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $726329.60    | 0.19%             | 2041-02-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS & STATE PAUL MINN MET ARPT                                                                    | MN MINAPT 5 01/01/2047                 | CUSIP: 603827L46<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3269034.93   | 0.85%             | 2047-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RICHFIELD INDEPENDENT SCHOOL DISTRICT N.280 (MN)                                                          | MN RICSCD 4 02/01/2037                 | CUSIP: 763342TX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1004304.90   | 0.26%             | 2037-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DULUTH ECONOMIC DEVELOPMENT AUTHORITY (MN)                                                                | MN DULDEV 4 06/15/2037                 | CUSIP: 26444CKD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $354906.30    | 0.09%             | 2037-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                                                                                  | MN MNSHSG 2.8 01/01/2044               | CUSIP: 60416S4D9<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   3420000 | PA      | $2719209.17   | 0.71%             | 2044-01-01      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HIGHER ED FACS AUTH                                                                          | MN MNSHGR 4.25 05/01/2040              | CUSIP: 60416H2T0<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |   2815000 | PA      | $1959021.27   | 0.51%             | 2040-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO INDUSTRIAL TOURIST EDUCATIONAL MEDICAL & ENVIRONMENTAL CONTROL FACILITIES FINANCING AUTHORITY | PR PRCMED 4 07/01/2039                 | CUSIP: 74527EFV5<br>LEI: 549300YJRISCG6HQ4512 | Long             | DBT              | MUN               | US        |    200000 | PA      | $183537.04    | 0.05%             | 2039-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BLOOMING PRAIRIE SCHOOL DISTRICT (MN)                                                                     | MN BPRSCD 2.25 02/01/2045              | CUSIP: 094311FS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $854067.89    | 0.22%             | 2045-02-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| GUAM GOVT WTRWKS AUTH                                                                                     | GU GMSUTL 5.5 07/01/2055               | CUSIP: 40065FFK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1031927.80   | 0.27%             | 2055-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                                                                                  | MN MNSHSG 4.6 01/01/2047               | CUSIP: 60416UZW8<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   4750000 | PA      | $4693437.00   | 1.23%             | 2047-01-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                                                                                  | MN MNSHSG 5.15 07/01/2045              | CUSIP: 60416TXZ6<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1648988.74   | 0.43%             | 2045-07-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-21

**Name of Applicant:** SIT MUTUAL FUNDS II INC

**Signature:** Paul Rasmussen

**Name of Signer:** Paul Rasmussen

**Title:** VP, Treasurer & Chief Compliance Officer