# EDGAR Filing Document

**Accession Number:** 0000795384
**File Stem:** 0001193125-25-309459
**Filing Date:** 2025-12
**Character Count:** 87580
**Document Hash:** 2e67a97764f1ea13bb5b6d4a5f3bd4bf
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-309459.hdr.sgml**: 20251205

**ACCESSION NUMBER**: 0001193125-25-309459

**CONFORMED SUBMISSION TYPE**: N-MFP3

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251130

**FILED AS OF DATE**: 20251205

**DATE AS OF CHANGE**: 20251205

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** N-MFP3
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04521
- **FILM NUMBER:** 251552534

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

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

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

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

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

## Series and Classes Contracts Data

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

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

# Form N-MFP3: Monthly Schedule of Portfolio Holdings

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

### General Information

**Report for (YYYY-MM-DD):** 2025-11-30

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

**CIK Number of Registrant:** 0000795384

**LEI of Registrant:** 549300JRGCNK8RONA772

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

**LEI of Series:** 549300FOKGNPWH34VG35

**EDGAR Series Identifier:** S000002150

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

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

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

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

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

### Fund Characteristics & Assets

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

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

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

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

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

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

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

- **WAM:** 55 days

- **WAL:** 55 days

- **Total Value of Portfolio Securities:** $102806128.21

- **Amortized Cost of Portfolio Securities:** $102799210.09

- **Cash:** $87500.36

- **Total Other Assets:** $2721395.14

- **Total Liabilities:** $6681241.44

- **Net Assets of Series:** $98926864.15

- **Number of Shares Outstanding (Series):** 98819626.7940

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

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

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

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

### Daily & Weekly Liquid Assets
| Date       | Daily Liquid Assets ($)   | Weekly Liquid Assets ($)   | Daily Liquid Assets (%)   | Weekly Liquid Assets (%)   |
|:---|:---|:---|:---|:---|
| 2025-11-03 | $12172585.66              | $72127585.66               | 11.8500%                  | 70.2400%                   |
| 2025-11-04 | $11038310.61              | $70993310.61               | 10.8700%                  | 69.9000%                   |
| 2025-11-05 | $15727601.99              | $70957601.99               | 15.4900%                  | 69.8900%                   |
| 2025-11-06 | $15599707.96              | $70929707.96               | 15.3700%                  | 69.8900%                   |
| 2025-11-07 | $16644889.05              | $72174889.05               | 16.0400%                  | 69.5600%                   |
| 2025-11-10 | $15492151.18              | $71022151.18               | 15.1000%                  | 69.2200%                   |
| 2025-11-11 | $13422705.41              | $68952705.41               | 13.3500%                  | 68.5800%                   |
| 2025-11-12 | $13417835.20              | $68947835.20               | 13.3400%                  | 68.5700%                   |
| 2025-11-13 | $13413365.42              | $68943365.42               | 13.3300%                  | 68.4900%                   |
| 2025-11-14 | $13375623.33              | $68905623.33               | 13.2900%                  | 68.4600%                   |
| 2025-11-17 | $13761522.09              | $69291522.09               | 13.6200%                  | 68.5700%                   |
| 2025-11-18 | $13600429.68              | $69130429.68               | 13.4800%                  | 68.5200%                   |
| 2025-11-19 | $13615040.17              | $69145040.17               | 13.4900%                  | 68.5200%                   |
| 2025-11-20 | $12571133.49              | $68101133.49               | 12.4600%                  | 67.4800%                   |
| 2025-11-21 | $12148479.12              | $79239421.63               | 11.4700%                  | 74.8300%                   |
| 2025-11-24 | $12144076.58              | $79234884.45               | 11.4700%                  | 74.8200%                   |
| 2025-11-25 | $11844352.35              | $78935025.57               | 11.2200%                  | 74.7500%                   |
| 2025-11-26 | $11811528.75              | $78901932.69               | 11.1900%                  | 74.7300%                   |
| 2025-11-28 | $25367500.36              | $78897500.36               | 24.0200%                  | 74.7100%                   |

### 7-Day Gross Yield
| Date       | 7-Day Gross Yield   |
|:---|:---|
| 2025-11-03 | 2.9400%             |
| 2025-11-04 | 2.9600%             |
| 2025-11-05 | 2.9800%             |
| 2025-11-06 | 2.9100%             |
| 2025-11-07 | 2.7300%             |
| 2025-11-10 | 2.6900%             |
| 2025-11-11 | 2.6500%             |
| 2025-11-12 | 2.6100%             |
| 2025-11-13 | 2.5900%             |
| 2025-11-14 | 2.5300%             |
| 2025-11-17 | 2.5100%             |
| 2025-11-18 | 2.4900%             |
| 2025-11-19 | 2.4800%             |
| 2025-11-20 | 2.5300%             |
| 2025-11-21 | 2.6500%             |
| 2025-11-24 | 2.6800%             |
| 2025-11-25 | 2.7200%             |
| 2025-11-26 | 2.7300%             |
| 2025-11-28 | 2.7200%             |

### Daily Net Asset Value per Share (Series)
| Date       | Net Asset Value per Share   |
|:---|:---|
| 2025-11-03 | 1.0010                      |
|  |  |
| 2025-11-04 | 1.0010                      |
|  |  |
| 2025-11-05 | 1.0010                      |
|  |  |
| 2025-11-06 | 1.0010                      |
|  |  |
| 2025-11-07 | 1.0009                      |
|  |  |
| 2025-11-10 | 1.0009                      |
|  |  |
| 2025-11-11 | 1.0010                      |
|  |  |
| 2025-11-12 | 1.0010                      |
|  |  |
| 2025-11-13 | 1.0010                      |
|  |  |
| 2025-11-14 | 1.0010                      |
|  |  |
| 2025-11-17 | 1.0010                      |
|  |  |
| 2025-11-18 | 1.0010                      |
|  |  |
| 2025-11-19 | 1.0010                      |
|  |  |
| 2025-11-20 | 1.0011                      |
|  |  |
| 2025-11-21 | 1.0011                      |
|  |  |
| 2025-11-24 | 1.0011                      |
|  |  |
| 2025-11-25 | 1.0011                      |
|  |  |
| 2025-11-26 | 1.0012                      |
|  |  |
| 2025-11-28 | 1.0012                      |
|  |  |

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

### Class: I

- **Minimum Initial Investment:** $2500.00

- **Net Assets of Class:** $25935210.14

- **Number of Shares Outstanding:** 25907092.9000

- **Expense Reimbursement/Waiver:** 7746.11

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2025-11-03 | 1.0010          |
|  |  |
| 2025-11-04 | 1.0010          |
|  |  |
| 2025-11-05 | 1.0010          |
|  |  |
| 2025-11-06 | 1.0010          |
|  |  |
| 2025-11-07 | 1.0010          |
|  |  |
| 2025-11-10 | 1.0009          |
|  |  |
| 2025-11-11 | 1.0010          |
|  |  |
| 2025-11-12 | 1.0010          |
|  |  |
| 2025-11-13 | 1.0010          |
|  |  |
| 2025-11-14 | 1.0010          |
|  |  |
| 2025-11-17 | 1.0010          |
|  |  |
| 2025-11-18 | 1.0010          |
|  |  |
| 2025-11-19 | 1.0010          |
|  |  |
| 2025-11-20 | 1.0011          |
|  |  |
| 2025-11-21 | 1.0011          |
|  |  |
| 2025-11-24 | 1.0011          |
|  |  |
| 2025-11-25 | 1.0011          |
|  |  |
| 2025-11-26 | 1.0011          |
|  |  |
| 2025-11-28 | 1.0011          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2025-11-03 | $100829.60                | $1435.12                |
| 2025-11-04 | $21258.60                 | $1053072.47             |
| 2025-11-05 | $1493.00                  | $23700.00               |
| 2025-11-06 | $110582.00                | $250000.04              |
| 2025-11-07 | $10600.00                 | $112214.70              |
| 2025-11-10 | $104431.46                | $205262.33              |
| 2025-11-11 | $36300.00                 | $848001.60              |
| 2025-11-12 | $500.00                   | $6225.00                |
| 2025-11-13 | $0.00                     | $7420.99                |
| 2025-11-14 | $19737.98                 | $0.00                   |
| 2025-11-17 | $394045.00                | $1000.00                |
| 2025-11-18 | $14966.63                 | $148235.40              |
| 2025-11-19 | $407.27                   | $182770.22              |
| 2025-11-20 | $9000.00                  | $195437.44              |
| 2025-11-21 | $5207.61                  | $11658.70               |
| 2025-11-24 | $75.00                    | $3000.00                |
| 2025-11-25 | $10550.00                 | $13075.00               |
| 2025-11-26 | $425.00                   | $28469.02               |
| 2025-11-28 | $600.00                   | $4578.39                |

**Total Gross Subscriptions (Month):** $841009.15

**Total Gross Redemptions (Month):** $3095556.42

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2025-11-03 | 2.5300%           |
| 2025-11-04 | 2.5600%           |
| 2025-11-05 | 2.5700%           |
| 2025-11-06 | 2.5100%           |
| 2025-11-07 | 2.3200%           |
| 2025-11-10 | 2.2800%           |
| 2025-11-11 | 2.2400%           |
| 2025-11-12 | 2.2000%           |
| 2025-11-13 | 2.1800%           |
| 2025-11-14 | 2.1200%           |
| 2025-11-17 | 2.1000%           |
| 2025-11-18 | 2.0800%           |
| 2025-11-19 | 2.0800%           |
| 2025-11-20 | 2.1200%           |
| 2025-11-21 | 2.2400%           |
| 2025-11-24 | 2.2800%           |
| 2025-11-25 | 2.3100%           |
| 2025-11-26 | 2.3300%           |
| 2025-11-28 | 2.3100%           |

**Beneficial/Record Owner Categories**
| Category      | Other Category   | Record Owner %   | Beneficial Owner %   |
|:---|:---|:---|:---|
| Broker-dealer |  | 22.3200%         | 22.3200%             |
| Broker-dealer |  | 15.2300%         | 15.2300%             |

### Class: 1I

- **Minimum Initial Investment:** $1000000.00

- **Net Assets of Class:** $72991654.01

- **Number of Shares Outstanding:** 72912533.8940

- **Expense Reimbursement/Waiver:** 18019.60

**Daily Net Asset Value per Share (Class)**
| Date       | NAV per Share   |
|:---|:---|
| 2025-11-03 | 1.0010          |
|  |  |
| 2025-11-04 | 1.0010          |
|  |  |
| 2025-11-05 | 1.0010          |
|  |  |
| 2025-11-06 | 1.0010          |
|  |  |
| 2025-11-07 | 1.0009          |
|  |  |
| 2025-11-10 | 1.0009          |
|  |  |
| 2025-11-11 | 1.0010          |
|  |  |
| 2025-11-12 | 1.0010          |
|  |  |
| 2025-11-13 | 1.0010          |
|  |  |
| 2025-11-14 | 1.0010          |
|  |  |
| 2025-11-17 | 1.0010          |
|  |  |
| 2025-11-18 | 1.0010          |
|  |  |
| 2025-11-19 | 1.0010          |
|  |  |
| 2025-11-20 | 1.0011          |
|  |  |
| 2025-11-21 | 1.0011          |
|  |  |
| 2025-11-24 | 1.0011          |
|  |  |
| 2025-11-25 | 1.0011          |
|  |  |
| 2025-11-26 | 1.0012          |
|  |  |
| 2025-11-28 | 1.0012          |
|  |  |

**Daily Shareholder Flows**
| Date       | Gross Subscriptions ($)   | Gross Redemptions ($)   |
|:---|:---|:---|
| 2025-11-03 | $695996.68                | $1002.82                |
| 2025-11-04 | $18641.91                 | $17450.00               |
| 2025-11-05 | $6000.00                  | $21000.00               |
| 2025-11-06 | $107596.77                | $4101.31                |
| 2025-11-07 | $322826.00                | $24260.10               |
| 2025-11-10 | $298.00                   | $2000.00                |
| 2025-11-11 | $4100.00                  | $1261843.00             |
| 2025-11-13 | $4572.30                  | $1000.00                |
| 2025-11-14 | $60660.00                 | $1000.00                |
| 2025-11-17 | $1646.49                  | $0.00                   |
| 2025-11-18 | $1899.80                  | $29503.63               |
| 2025-11-19 | $300000.00                | $103000.00              |
| 2025-11-20 | $143394.26                | $1000.00                |
| 2025-11-21 | $2818.99                  | $419628.39              |
| 2025-11-24 | $30000.00                 | $30000.00               |
| 2025-11-25 | $15142.96                 | $312710.00              |
| 2025-11-26 | $3116.15                  | $8058.61                |
| 2025-11-28 | $450.00                   | $0.00                   |

**Total Gross Subscriptions (Month):** $1719160.31

**Total Gross Redemptions (Month):** $2237557.86

**7-Day Net Yield (Class)**
| Date       | 7-Day Net Yield   |
|:---|:---|
| 2025-11-03 | 2.7000%           |
| 2025-11-04 | 2.7300%           |
| 2025-11-05 | 2.7400%           |
| 2025-11-06 | 2.6800%           |
| 2025-11-07 | 2.4900%           |
| 2025-11-10 | 2.4500%           |
| 2025-11-11 | 2.4100%           |
| 2025-11-12 | 2.3700%           |
| 2025-11-13 | 2.3500%           |
| 2025-11-14 | 2.2900%           |
| 2025-11-17 | 2.2700%           |
| 2025-11-18 | 2.2500%           |
| 2025-11-19 | 2.2500%           |
| 2025-11-20 | 2.2900%           |
| 2025-11-21 | 2.4100%           |
| 2025-11-24 | 2.4500%           |
| 2025-11-25 | 2.4800%           |
| 2025-11-26 | 2.5000%           |
| 2025-11-28 | 2.4800%           |

**Beneficial/Record Owner Categories**
| Category        | Other Category   | Record Owner %   | Beneficial Owner %   |
|:---|:---|:---|:---|
| Retail investor |  | 10.8100%         | 10.8100%             |
| Retail investor |  | 5.0600%          | 5.0600%              |

## Part C: Schedule of Portfolio Securities

### Security 1: COUNTY OF ANNE ARUNDEL MD

- **C.1 - Title:** COUNTY OF ANNE ARUNDEL MD 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 03588HX68, C.4 - ISIN: US03588HX685, C.3 - LEI: 549300L8Q6EFVTZGWW41
- **C.18 - Value (incl. sponsor support):** $251973.88
- **C.18.a - Value (excl. sponsor support):** $251973.88
- **C.19 - Percentage of Net Assets:** 0.2500%
- **C.17 - Yield as of Reporting Date:** 2.5900%
- **C.11 - Maturity Date (WAM):** 2026-04-01
- **C.12 - Maturity Date (WAL):** 2026-04-01
- **C.13 - Final Legal Maturity Date:** 2026-04-01
- **C.10 - Ratings:** Fitch, Inc.: NR; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AAA
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 2: COUNTY OF ANNE ARUNDEL MD

- **C.1 - Title:** COUNTY OF ANNE ARUNDEL MD 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 03588JBK7, C.4 - ISIN: US03588JBK79, C.3 - LEI: 549300L8Q6EFVTZGWW41
- **C.18 - Value (incl. sponsor support):** $203985.58
- **C.18.a - Value (excl. sponsor support):** $203985.58
- **C.19 - Percentage of Net Assets:** 0.2100%
- **C.17 - Yield as of Reporting Date:** 2.5600%
- **C.11 - Maturity Date (WAM):** 2026-10-01
- **C.12 - Maturity Date (WAL):** 2026-10-01
- **C.13 - Final Legal Maturity Date:** 2026-10-01
- **C.10 - Ratings:** Fitch, Inc.: NR; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AAA
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 3: COUNTY OF ANNE ARUNDEL MD

- **C.1 - Title:** COUNTY OF ANNE ARUNDEL MD 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 03588JDL3, C.4 - ISIN: US03588JDL35, C.3 - LEI: 549300L8Q6EFVTZGWW41
- **C.18 - Value (incl. sponsor support):** $236855.44
- **C.18.a - Value (excl. sponsor support):** $236855.44
- **C.19 - Percentage of Net Assets:** 0.2400%
- **C.17 - Yield as of Reporting Date:** 2.5900%
- **C.11 - Maturity Date (WAM):** 2026-04-01
- **C.12 - Maturity Date (WAL):** 2026-04-01
- **C.13 - Final Legal Maturity Date:** 2026-04-01
- **C.10 - Ratings:** Fitch, Inc.: NR; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AAA
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 4: COUNTY OF ANNE ARUNDEL MD

- **C.1 - Title:** COUNTY OF ANNE ARUNDEL MD 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 03588JLL4, C.4 - ISIN: US03588JLL43, C.3 - LEI: 549300L8Q6EFVTZGWW41
- **C.18 - Value (incl. sponsor support):** $2756594.19
- **C.18.a - Value (excl. sponsor support):** $2756594.19
- **C.19 - Percentage of Net Assets:** 2.7900%
- **C.17 - Yield as of Reporting Date:** 2.5900%
- **C.11 - Maturity Date (WAM):** 2026-04-01
- **C.12 - Maturity Date (WAL):** 2026-04-01
- **C.13 - Final Legal Maturity Date:** 2026-04-01
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AAA
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 5: COUNTY OF ANNE ARUNDEL MD

- **C.1 - Title:** COUNTY OF ANNE ARUNDEL MD 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 03588JMT6, C.4 - ISIN: US03588JMT69, C.3 - LEI: 549300L8Q6EFVTZGWW41
- **C.18 - Value (incl. sponsor support):** $576259.26
- **C.18.a - Value (excl. sponsor support):** $576259.26
- **C.19 - Percentage of Net Assets:** 0.5800%
- **C.17 - Yield as of Reporting Date:** 2.5600%
- **C.11 - Maturity Date (WAM):** 2026-10-01
- **C.12 - Maturity Date (WAL):** 2026-10-01
- **C.13 - Final Legal Maturity Date:** 2026-10-01
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AAA
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 6: COUNTY OF BALTIMORE MD

- **C.1 - Title:** COUNTY OF BALTIMORE MD 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 059134EU6, C.4 - ISIN: US059134EU62
- **C.18 - Value (incl. sponsor support):** $3017913.30
- **C.18.a - Value (excl. sponsor support):** $3017913.30
- **C.19 - Percentage of Net Assets:** 3.0500%
- **C.17 - Yield as of Reporting Date:** 2.5600%
- **C.11 - Maturity Date (WAM):** 2026-03-01
- **C.12 - Maturity Date (WAL):** 2026-03-01
- **C.13 - Final Legal Maturity Date:** 2026-03-01
- **C.10 - Ratings:** Fitch, Inc.: AA+; Moody's Investors Service, Inc.: Aa1; Standard and Poor's Ratings Services: AA+
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 7: COUNTY OF BALTIMORE MD

- **C.1 - Title:** COUNTY OF BALTIMORE MD 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 05914GEK0, C.4 - ISIN: US05914GEK04
- **C.18 - Value (incl. sponsor support):** $140545.30
- **C.18.a - Value (excl. sponsor support):** $140545.30
- **C.19 - Percentage of Net Assets:** 0.1400%
- **C.17 - Yield as of Reporting Date:** 2.6100%
- **C.11 - Maturity Date (WAM):** 2026-02-01
- **C.12 - Maturity Date (WAL):** 2026-02-01
- **C.13 - Final Legal Maturity Date:** 2026-02-01
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AAA
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 8: COUNTY OF BALTIMORE MD

- **C.1 - Title:** COUNTY OF BALTIMORE MD 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 05914GFG8, C.4 - ISIN: US05914GFG82
- **C.18 - Value (incl. sponsor support):** $1204674.00
- **C.18.a - Value (excl. sponsor support):** $1204674.00
- **C.19 - Percentage of Net Assets:** 1.2200%
- **C.17 - Yield as of Reporting Date:** 2.6100%
- **C.11 - Maturity Date (WAM):** 2026-02-01
- **C.12 - Maturity Date (WAL):** 2026-02-01
- **C.13 - Final Legal Maturity Date:** 2026-02-01
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AAA
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 9: COUNTY OF BALTIMORE MD

- **C.1 - Title:** COUNTY OF BALTIMORE MD 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 05914GJR0, C.4 - ISIN: US05914GJR02
- **C.18 - Value (incl. sponsor support):** $218080.91
- **C.18.a - Value (excl. sponsor support):** $218080.91
- **C.19 - Percentage of Net Assets:** 0.2200%
- **C.17 - Yield as of Reporting Date:** 2.5100%
- **C.11 - Maturity Date (WAM):** 2026-07-01
- **C.12 - Maturity Date (WAL):** 2026-07-01
- **C.13 - Final Legal Maturity Date:** 2026-07-01
- **C.10 - Ratings:** Fitch, Inc.: NR; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AAA
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 10: COUNTY OF CARROLL MD

- **C.1 - Title:** COUNTY OF CARROLL MD 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 144880GZ8, C.4 - ISIN: US144880GZ87
- **C.18 - Value (incl. sponsor support):** $725581.09
- **C.18.a - Value (excl. sponsor support):** $725581.09
- **C.19 - Percentage of Net Assets:** 0.7300%
- **C.17 - Yield as of Reporting Date:** 2.5300%
- **C.11 - Maturity Date (WAM):** 2026-11-01
- **C.12 - Maturity Date (WAL):** 2026-11-01
- **C.13 - Final Legal Maturity Date:** 2026-11-01
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AAA
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 11: COUNTY OF CECIL MD

- **C.1 - Title:** COUNTY OF CECIL MD 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 14984PCS2, C.4 - ISIN: US14984PCS20
- **C.18 - Value (incl. sponsor support):** $101645.11
- **C.18.a - Value (excl. sponsor support):** $101645.11
- **C.19 - Percentage of Net Assets:** 0.1000%
- **C.17 - Yield as of Reporting Date:** 2.4900%
- **C.11 - Maturity Date (WAM):** 2026-08-01
- **C.12 - Maturity Date (WAL):** 2026-08-01
- **C.13 - Final Legal Maturity Date:** 2026-08-01
- **C.10 - Ratings:** Fitch, Inc.: NR; Moody's Investors Service, Inc.: NR; Standard and Poor's Ratings Services: AA+
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 12: COUNTY OF CECIL MD

- **C.1 - Title:** COUNTY OF CECIL MD 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 14984PFY6, C.4 - ISIN: US14984PFY60
- **C.18 - Value (incl. sponsor support):** $1036641.71
- **C.18.a - Value (excl. sponsor support):** $1036641.71
- **C.19 - Percentage of Net Assets:** 1.0500%
- **C.17 - Yield as of Reporting Date:** 2.4900%
- **C.11 - Maturity Date (WAM):** 2026-08-01
- **C.12 - Maturity Date (WAL):** 2026-08-01
- **C.13 - Final Legal Maturity Date:** 2026-08-01
- **C.10 - Ratings:** Fitch, Inc.: NR; Moody's Investors Service, Inc.: Aa1; Standard and Poor's Ratings Services: AA+
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 13: COUNTY OF CHARLES MD

- **C.1 - Title:** COUNTY OF CHARLES MD 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 159808HN7, C.4 - ISIN: US159808HN79
- **C.18 - Value (incl. sponsor support):** $408271.52
- **C.18.a - Value (excl. sponsor support):** $408271.52
- **C.19 - Percentage of Net Assets:** 0.4100%
- **C.17 - Yield as of Reporting Date:** 2.4700%
- **C.11 - Maturity Date (WAM):** 2026-10-01
- **C.12 - Maturity Date (WAL):** 2026-10-01
- **C.13 - Final Legal Maturity Date:** 2026-10-01
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AAA
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 14: COUNTY OF CHARLES MD

- **C.1 - Title:** COUNTY OF CHARLES MD 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 159808ME1, C.4 - ISIN: US159808ME16
- **C.18 - Value (incl. sponsor support):** $255169.70
- **C.18.a - Value (excl. sponsor support):** $255169.70
- **C.19 - Percentage of Net Assets:** 0.2600%
- **C.17 - Yield as of Reporting Date:** 2.4700%
- **C.11 - Maturity Date (WAM):** 2026-10-01
- **C.12 - Maturity Date (WAL):** 2026-10-01
- **C.13 - Final Legal Maturity Date:** 2026-10-01
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AAA
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 15: COUNTY OF CHARLES MD

- **C.1 - Title:** COUNTY OF CHARLES MD 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 159808TB0, C.4 - ISIN: US159808TB04
- **C.18 - Value (incl. sponsor support):** $117378.06
- **C.18.a - Value (excl. sponsor support):** $117378.06
- **C.19 - Percentage of Net Assets:** 0.1200%
- **C.17 - Yield as of Reporting Date:** 2.4700%
- **C.11 - Maturity Date (WAM):** 2026-10-01
- **C.12 - Maturity Date (WAL):** 2026-10-01
- **C.13 - Final Legal Maturity Date:** 2026-10-01
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AAA
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 16: COUNTY OF HARFORD MD

- **C.1 - Title:** COUNTY OF HARFORD MD 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 412487FU9, C.4 - ISIN: US412487FU99, C.3 - LEI: 549300BAMXA3G0J23I39
- **C.18 - Value (incl. sponsor support):** $101925.05
- **C.18.a - Value (excl. sponsor support):** $101925.05
- **C.19 - Percentage of Net Assets:** 0.1000%
- **C.17 - Yield as of Reporting Date:** 2.5200%
- **C.11 - Maturity Date (WAM):** 2026-09-15
- **C.12 - Maturity Date (WAL):** 2026-09-15
- **C.13 - Final Legal Maturity Date:** 2026-09-15
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AAA
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 17: COUNTY OF HOWARD MD

- **C.1 - Title:** COUNTY OF HOWARD MD 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 44256P3F8, C.4 - ISIN: US44256P3F88
- **C.18 - Value (incl. sponsor support):** $254336.10
- **C.18.a - Value (excl. sponsor support):** $254336.10
- **C.19 - Percentage of Net Assets:** 0.2600%
- **C.17 - Yield as of Reporting Date:** 2.5000%
- **C.11 - Maturity Date (WAM):** 2026-08-15
- **C.12 - Maturity Date (WAL):** 2026-08-15
- **C.13 - Final Legal Maturity Date:** 2026-08-15
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AAA
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 18: COUNTY OF HOWARD MD

- **C.1 - Title:** COUNTY OF HOWARD MD 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 44256PDN0, C.4 - ISIN: US44256PDN06
- **C.18 - Value (incl. sponsor support):** $1201028.18
- **C.18.a - Value (excl. sponsor support):** $1201028.18
- **C.19 - Percentage of Net Assets:** 1.2100%
- **C.17 - Yield as of Reporting Date:** 2.5000%
- **C.11 - Maturity Date (WAM):** 2026-02-15
- **C.12 - Maturity Date (WAL):** 2026-02-15
- **C.13 - Final Legal Maturity Date:** 2026-02-15
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AAA
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 19: COUNTY OF HOWARD MD

- **C.1 - Title:** COUNTY OF HOWARD MD 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 44256PGJ6, C.4 - ISIN: US44256PGJ66
- **C.18 - Value (incl. sponsor support):** $226135.01
- **C.18.a - Value (excl. sponsor support):** $226135.01
- **C.19 - Percentage of Net Assets:** 0.2300%
- **C.17 - Yield as of Reporting Date:** 2.5000%
- **C.11 - Maturity Date (WAM):** 2026-02-15
- **C.12 - Maturity Date (WAL):** 2026-02-15
- **C.13 - Final Legal Maturity Date:** 2026-02-15
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AAA
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 20: COUNTY OF HOWARD MD

- **C.1 - Title:** COUNTY OF HOWARD MD 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 44256PGY3, C.4 - ISIN: US44256PGY34
- **C.18 - Value (incl. sponsor support):** $753783.38
- **C.18.a - Value (excl. sponsor support):** $753783.38
- **C.19 - Percentage of Net Assets:** 0.7600%
- **C.17 - Yield as of Reporting Date:** 2.5000%
- **C.11 - Maturity Date (WAM):** 2026-02-15
- **C.12 - Maturity Date (WAL):** 2026-02-15
- **C.13 - Final Legal Maturity Date:** 2026-02-15
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AAA
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 21: COUNTY OF HOWARD MD

- **C.1 - Title:** COUNTY OF HOWARD MD 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 44256PKL6, C.4 - ISIN: US44256PKL66
- **C.18 - Value (incl. sponsor support):** $402017.80
- **C.18.a - Value (excl. sponsor support):** $402017.80
- **C.19 - Percentage of Net Assets:** 0.4100%
- **C.17 - Yield as of Reporting Date:** 2.5000%
- **C.11 - Maturity Date (WAM):** 2026-02-15
- **C.12 - Maturity Date (WAL):** 2026-02-15
- **C.13 - Final Legal Maturity Date:** 2026-02-15
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AAA
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 22: COUNTY OF HOWARD MD

- **C.1 - Title:** COUNTY OF HOWARD MD 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 44256PLD3, C.4 - ISIN: US44256PLD32
- **C.18 - Value (incl. sponsor support):** $100504.45
- **C.18.a - Value (excl. sponsor support):** $100504.45
- **C.19 - Percentage of Net Assets:** 0.1000%
- **C.17 - Yield as of Reporting Date:** 2.5000%
- **C.11 - Maturity Date (WAM):** 2026-02-15
- **C.12 - Maturity Date (WAL):** 2026-02-15
- **C.13 - Final Legal Maturity Date:** 2026-02-15
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AAA
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 23: HOWARD COUNTY HOUSING COMMISSION

- **C.1 - Title:** HOWARD COUNTY HOUSING COMMISSION 2.780000%
- **C.6 - Investment Category:** Variable Rate Demand Note
- **Identifiers:** C.3 - CUSIP: 442577EB4, C.4 - ISIN: US442577EB42, C.3 - LEI: 5493007CCS6UI1IIE878
- **C.18 - Value (incl. sponsor support):** $4800000.00
- **C.18.a - Value (excl. sponsor support):** $4800000.00
- **C.19 - Percentage of Net Assets:** 4.8500%
- **C.17 - Yield as of Reporting Date:** 2.7800%
- **C.11 - Maturity Date (WAM):** 2025-12-05
- **C.12 - Maturity Date (WAL):** 2025-12-05
- **C.13 - Final Legal Maturity Date:** 2062-12-01
- **C.10 - Ratings:** Fitch, Inc.: NR; Moody's Investors Service, Inc.: NR; Standard and Poor's Ratings Services: A-1
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? Yes, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 24: STATE OF MARYLAND

- **C.1 - Title:** STATE OF MARYLAND 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 574193RB6, C.4 - ISIN: US574193RB66
- **C.18 - Value (incl. sponsor support):** $382695.07
- **C.18.a - Value (excl. sponsor support):** $382695.07
- **C.19 - Percentage of Net Assets:** 0.3900%
- **C.17 - Yield as of Reporting Date:** 2.5000%
- **C.11 - Maturity Date (WAM):** 2026-03-15
- **C.12 - Maturity Date (WAL):** 2026-03-15
- **C.13 - Final Legal Maturity Date:** 2026-03-15
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aa1; Standard and Poor's Ratings Services: AAA
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 25: MARYLAND COMMUNITY DEVELOPMENT ADMINISTRATION

- **C.1 - Title:** MARYLAND COMMUNITY DEVELOPMENT ADMINISTRATION 2.820000%
- **C.6 - Investment Category:** Variable Rate Demand Note
- **Identifiers:** C.3 - CUSIP: 57419PBU2, C.4 - ISIN: US57419PBU21
- **C.18 - Value (incl. sponsor support):** $2835000.00
- **C.18.a - Value (excl. sponsor support):** $2835000.00
- **C.19 - Percentage of Net Assets:** 2.8700%
- **C.17 - Yield as of Reporting Date:** 2.8200%
- **C.11 - Maturity Date (WAM):** 2025-12-05
- **C.12 - Maturity Date (WAL):** 2025-12-05
- **C.13 - Final Legal Maturity Date:** 2040-09-01
- **C.10 - Ratings:** Fitch, Inc.: F-1+; Moody's Investors Service, Inc.: VMIG1; Standard and Poor's Ratings Services: NR
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 26: MARYLAND COMMUNITY DEVELOPMENT ADMINISTRATION

- **C.1 - Title:** MARYLAND COMMUNITY DEVELOPMENT ADMINISTRATION 2.820000%
- **C.6 - Investment Category:** Variable Rate Demand Note
- **Identifiers:** C.3 - CUSIP: 57419PCJ6, C.4 - ISIN: US57419PCJ66
- **C.18 - Value (incl. sponsor support):** $1040000.00
- **C.18.a - Value (excl. sponsor support):** $1040000.00
- **C.19 - Percentage of Net Assets:** 1.0500%
- **C.17 - Yield as of Reporting Date:** 2.8200%
- **C.11 - Maturity Date (WAM):** 2025-12-05
- **C.12 - Maturity Date (WAL):** 2025-12-05
- **C.13 - Final Legal Maturity Date:** 2040-09-01
- **C.10 - Ratings:** Fitch, Inc.: F-1+; Moody's Investors Service, Inc.: VMIG1; Standard and Poor's Ratings Services: NR
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 27: MARYLAND COMMUNITY DEVELOPMENT ADMINISTRATION

- **C.1 - Title:** MARYLAND COMMUNITY DEVELOPMENT ADMINISTRATION 2.800000%
- **C.6 - Investment Category:** Variable Rate Demand Note
- **Identifiers:** C.3 - CUSIP: 57419PPP8, C.4 - ISIN: US57419PPP89
- **C.18 - Value (incl. sponsor support):** $2295000.00
- **C.18.a - Value (excl. sponsor support):** $2295000.00
- **C.19 - Percentage of Net Assets:** 2.3200%
- **C.17 - Yield as of Reporting Date:** 2.8000%
- **C.11 - Maturity Date (WAM):** 2025-12-05
- **C.12 - Maturity Date (WAL):** 2025-12-05
- **C.13 - Final Legal Maturity Date:** 2037-12-01
- **C.10 - Ratings:** Fitch, Inc.: NR; Moody's Investors Service, Inc.: VMIG1; Standard and Poor's Ratings Services: NR
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? Yes, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 28: MARYLAND COMMUNITY DEVELOPMENT ADMINISTRATION

- **C.1 - Title:** MARYLAND COMMUNITY DEVELOPMENT ADMINISTRATION 2.810000%
- **C.6 - Investment Category:** Variable Rate Demand Note
- **Identifiers:** C.3 - CUSIP: 57419PRY7, C.4 - ISIN: US57419PRY78
- **C.18 - Value (incl. sponsor support):** $2785000.00
- **C.18.a - Value (excl. sponsor support):** $2785000.00
- **C.19 - Percentage of Net Assets:** 2.8200%
- **C.17 - Yield as of Reporting Date:** 2.8100%
- **C.11 - Maturity Date (WAM):** 2025-12-05
- **C.12 - Maturity Date (WAL):** 2025-12-05
- **C.13 - Final Legal Maturity Date:** 2041-03-01
- **C.10 - Ratings:** Fitch, Inc.: NR; Moody's Investors Service, Inc.: VMIG1; Standard and Poor's Ratings Services: NR
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? Yes, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 29: MARYLAND DEPARTMENT OF HOUSING & COMMUNITY DEVELOPMENT

- **C.1 - Title:** MARYLAND DEPARTMENT OF HOUSING & COMMUNITY DEVELOPMENT 2.900000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 57419UPX0, C.4 - ISIN: US57419UPX09, C.3 - LEI: 549300Q5BSL77YR7NP93
- **C.18 - Value (incl. sponsor support):** $400107.00
- **C.18.a - Value (excl. sponsor support):** $400107.00
- **C.19 - Percentage of Net Assets:** 0.4000%
- **C.17 - Yield as of Reporting Date:** 2.7700%
- **C.11 - Maturity Date (WAM):** 2026-03-01
- **C.12 - Maturity Date (WAL):** 2026-03-01
- **C.13 - Final Legal Maturity Date:** 2026-03-01
- **C.10 - Ratings:** Fitch, Inc.: AA+; Moody's Investors Service, Inc.: Aa1; Standard and Poor's Ratings Services: NR
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 30: STATE OF MARYLAND DEPARTMENT OF TRANSPORTATION

- **C.1 - Title:** STATE OF MARYLAND DEPARTMENT OF TRANSPORTATION 4.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 574204E82, C.4 - ISIN: US574204E821
- **C.18 - Value (incl. sponsor support):** $202214.86
- **C.18.a - Value (excl. sponsor support):** $202214.86
- **C.19 - Percentage of Net Assets:** 0.2000%
- **C.17 - Yield as of Reporting Date:** 2.5000%
- **C.11 - Maturity Date (WAM):** 2026-09-01
- **C.12 - Maturity Date (WAL):** 2026-09-01
- **C.13 - Final Legal Maturity Date:** 2026-09-01
- **C.10 - Ratings:** Fitch, Inc.: AA+; Moody's Investors Service, Inc.: Aa1; Standard and Poor's Ratings Services: AAA
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 31: STATE OF MARYLAND DEPARTMENT OF TRANSPORTATION

- **C.1 - Title:** STATE OF MARYLAND DEPARTMENT OF TRANSPORTATION 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 574204J95, C.4 - ISIN: US574204J952
- **C.18 - Value (incl. sponsor support):** $353572.07
- **C.18.a - Value (excl. sponsor support):** $353572.07
- **C.19 - Percentage of Net Assets:** 0.3600%
- **C.17 - Yield as of Reporting Date:** 2.5100%
- **C.11 - Maturity Date (WAM):** 2026-05-01
- **C.12 - Maturity Date (WAL):** 2026-05-01
- **C.13 - Final Legal Maturity Date:** 2026-05-01
- **C.10 - Ratings:** Fitch, Inc.: AA+; Moody's Investors Service, Inc.: Aa1; Standard and Poor's Ratings Services: AAA
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

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

- **C.1 - Title:** STATE OF MARYLAND DEPARTMENT OF TRANSPORTATION 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 574204L68, C.4 - ISIN: US574204L685
- **C.18 - Value (incl. sponsor support):** $127565.03
- **C.18.a - Value (excl. sponsor support):** $127565.03
- **C.19 - Percentage of Net Assets:** 0.1300%
- **C.17 - Yield as of Reporting Date:** 2.4900%
- **C.11 - Maturity Date (WAM):** 2026-10-01
- **C.12 - Maturity Date (WAL):** 2026-10-01
- **C.13 - Final Legal Maturity Date:** 2026-10-01
- **C.10 - Ratings:** Fitch, Inc.: AA+; Moody's Investors Service, Inc.: Aa1; Standard and Poor's Ratings Services: AAA
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

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

- **C.1 - Title:** STATE OF MARYLAND DEPARTMENT OF TRANSPORTATION 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 574204N25, C.4 - ISIN: US574204N251
- **C.18 - Value (incl. sponsor support):** $102052.02
- **C.18.a - Value (excl. sponsor support):** $102052.02
- **C.19 - Percentage of Net Assets:** 0.1000%
- **C.17 - Yield as of Reporting Date:** 2.4900%
- **C.11 - Maturity Date (WAM):** 2026-10-01
- **C.12 - Maturity Date (WAL):** 2026-10-01
- **C.13 - Final Legal Maturity Date:** 2026-10-01
- **C.10 - Ratings:** Fitch, Inc.: AA+; Moody's Investors Service, Inc.: Aa1; Standard and Poor's Ratings Services: AAA
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

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

- **C.1 - Title:** STATE OF MARYLAND DEPARTMENT OF TRANSPORTATION 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 574204R21, C.4 - ISIN: US574204R211
- **C.18 - Value (incl. sponsor support):** $137770.23
- **C.18.a - Value (excl. sponsor support):** $137770.23
- **C.19 - Percentage of Net Assets:** 0.1400%
- **C.17 - Yield as of Reporting Date:** 2.4900%
- **C.11 - Maturity Date (WAM):** 2026-10-01
- **C.12 - Maturity Date (WAL):** 2026-10-01
- **C.13 - Final Legal Maturity Date:** 2026-10-01
- **C.10 - Ratings:** Fitch, Inc.: AA+; Moody's Investors Service, Inc.: Aa1; Standard and Poor's Ratings Services: AAA
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

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

- **C.1 - Title:** STATE OF MARYLAND DEPARTMENT OF TRANSPORTATION 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 574204S87, C.4 - ISIN: US574204S870
- **C.18 - Value (incl. sponsor support):** $920000.00
- **C.18.a - Value (excl. sponsor support):** $920000.00
- **C.19 - Percentage of Net Assets:** 0.9300%
- **C.17 - Yield as of Reporting Date:** 2.7800%
- **C.11 - Maturity Date (WAM):** 2025-12-01
- **C.12 - Maturity Date (WAL):** 2025-12-01
- **C.13 - Final Legal Maturity Date:** 2025-12-01
- **C.10 - Ratings:** Fitch, Inc.: AA+; Moody's Investors Service, Inc.: Aa1; Standard and Poor's Ratings Services: AAA
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

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

- **C.1 - Title:** STATE OF MARYLAND DEPARTMENT OF TRANSPORTATION 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 574204T78, C.4 - ISIN: US574204T787
- **C.18 - Value (incl. sponsor support):** $1000000.00
- **C.18.a - Value (excl. sponsor support):** $1000000.00
- **C.19 - Percentage of Net Assets:** 1.0100%
- **C.17 - Yield as of Reporting Date:** 2.5800%
- **C.11 - Maturity Date (WAM):** 2025-12-01
- **C.12 - Maturity Date (WAL):** 2025-12-01
- **C.13 - Final Legal Maturity Date:** 2025-12-01
- **C.10 - Ratings:** Fitch, Inc.: AA+; Moody's Investors Service, Inc.: Aa1; Standard and Poor's Ratings Services: AAA
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

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

- **C.1 - Title:** STATE OF MARYLAND DEPARTMENT OF TRANSPORTATION 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 574204U50, C.4 - ISIN: US574204U504
- **C.18 - Value (incl. sponsor support):** $240000.00
- **C.18.a - Value (excl. sponsor support):** $240000.00
- **C.19 - Percentage of Net Assets:** 0.2400%
- **C.17 - Yield as of Reporting Date:** 3.0700%
- **C.11 - Maturity Date (WAM):** 2025-12-01
- **C.12 - Maturity Date (WAL):** 2025-12-01
- **C.13 - Final Legal Maturity Date:** 2025-12-01
- **C.10 - Ratings:** Fitch, Inc.: AA+; Moody's Investors Service, Inc.: Aa1; Standard and Poor's Ratings Services: AAA
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 38: MARYLAND ECONOMIC DEVELOPMENT CORP

- **C.1 - Title:** MARYLAND ECONOMIC DEVELOPMENT CORP 2.850000%
- **C.6 - Investment Category:** Variable Rate Demand Note
- **Identifiers:** C.3 - CUSIP: 574205FY1, C.4 - ISIN: US574205FY10, C.3 - LEI: 549300JJ16DDBSZWSN94
- **C.18 - Value (incl. sponsor support):** $5890000.00
- **C.18.a - Value (excl. sponsor support):** $5890000.00
- **C.19 - Percentage of Net Assets:** 5.9500%
- **C.17 - Yield as of Reporting Date:** 2.8500%
- **C.11 - Maturity Date (WAM):** 2025-12-05
- **C.12 - Maturity Date (WAL):** 2025-12-05
- **C.13 - Final Legal Maturity Date:** 2043-02-15
- **C.10 - Ratings:** Fitch, Inc.: NR; Moody's Investors Service, Inc.: VMIG1; Standard and Poor's Ratings Services: A-1+
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 39: MARYLAND ECONOMIC DEVELOPMENT CORP

- **C.1 - Title:** MARYLAND ECONOMIC DEVELOPMENT CORP 2.750000%
- **C.6 - Investment Category:** Variable Rate Demand Note
- **Identifiers:** C.3 - CUSIP: 574205FZ8, C.4 - ISIN: US574205FZ84, C.3 - LEI: 549300JJ16DDBSZWSN94
- **C.18 - Value (incl. sponsor support):** $2300000.00
- **C.18.a - Value (excl. sponsor support):** $2300000.00
- **C.19 - Percentage of Net Assets:** 2.3200%
- **C.17 - Yield as of Reporting Date:** 2.7500%
- **C.11 - Maturity Date (WAM):** 2025-12-05
- **C.12 - Maturity Date (WAL):** 2025-12-05
- **C.13 - Final Legal Maturity Date:** 2043-05-15
- **C.10 - Ratings:** Fitch, Inc.: NR; Moody's Investors Service, Inc.: VMIG1; Standard and Poor's Ratings Services: A-1+
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 40: MARYLAND HEALTH & HIGHER EDUCATIONAL FACILITIES AUTHORITY

- **C.1 - Title:** MARYLAND HEALTH & HIGHER EDUCATIONAL FACILITIES AUTHORITY 2.580000%
- **C.6 - Investment Category:** Variable Rate Demand Note
- **Identifiers:** C.3 - CUSIP: 574215RC5, C.4 - ISIN: US574215RC51
- **C.18 - Value (incl. sponsor support):** $1485000.00
- **C.18.a - Value (excl. sponsor support):** $1485000.00
- **C.19 - Percentage of Net Assets:** 1.5000%
- **C.17 - Yield as of Reporting Date:** 2.5800%
- **C.11 - Maturity Date (WAM):** 2025-12-05
- **C.12 - Maturity Date (WAL):** 2025-12-05
- **C.13 - Final Legal Maturity Date:** 2035-04-01
- **C.10 - Ratings:** Fitch, Inc.: NR; Moody's Investors Service, Inc.: VMIG1; Standard and Poor's Ratings Services: NR
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? Yes, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 41: MARYLAND HEALTH & HIGHER EDUCATIONAL FACILITIES AUTHORITY

- **C.1 - Title:** MARYLAND HEALTH & HIGHER EDUCATIONAL FACILITIES AUTHORITY 2.750000%
- **C.6 - Investment Category:** Variable Rate Demand Note
- **Identifiers:** C.3 - CUSIP: 574215RD3, C.4 - ISIN: US574215RD35
- **C.18 - Value (incl. sponsor support):** $2100000.00
- **C.18.a - Value (excl. sponsor support):** $2100000.00
- **C.19 - Percentage of Net Assets:** 2.1200%
- **C.17 - Yield as of Reporting Date:** 2.7500%
- **C.11 - Maturity Date (WAM):** 2025-12-05
- **C.12 - Maturity Date (WAL):** 2025-12-05
- **C.13 - Final Legal Maturity Date:** 2035-04-01
- **C.10 - Ratings:** Fitch, Inc.: AA-; Moody's Investors Service, Inc.: VMIG1; Standard and Poor's Ratings Services: NR
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? Yes, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

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

- **C.1 - Title:** MARYLAND HEALTH & HIGHER EDUCATIONAL FACILITIES AUTHORITY 2.850000%
- **C.6 - Investment Category:** Variable Rate Demand Note
- **Identifiers:** C.3 - CUSIP: 574217V28, C.4 - ISIN: US574217V280
- **C.18 - Value (incl. sponsor support):** $4075000.00
- **C.18.a - Value (excl. sponsor support):** $4075000.00
- **C.19 - Percentage of Net Assets:** 4.1200%
- **C.17 - Yield as of Reporting Date:** 2.8500%
- **C.11 - Maturity Date (WAM):** 2025-12-01
- **C.12 - Maturity Date (WAL):** 2025-12-01
- **C.13 - Final Legal Maturity Date:** 2041-07-01
- **C.10 - Ratings:** Fitch, Inc.: F-1+; Moody's Investors Service, Inc.: VMIG1; Standard and Poor's Ratings Services: A-1
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? Yes, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

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

- **C.1 - Title:** MARYLAND HEALTH & HIGHER EDUCATIONAL FACILITIES AUTHORITY 2.800000%
- **C.6 - Investment Category:** Variable Rate Demand Note
- **Identifiers:** C.3 - CUSIP: 574217VC6, C.4 - ISIN: US574217VC61
- **C.18 - Value (incl. sponsor support):** $4775000.00
- **C.18.a - Value (excl. sponsor support):** $4775000.00
- **C.19 - Percentage of Net Assets:** 4.8300%
- **C.17 - Yield as of Reporting Date:** 2.8000%
- **C.11 - Maturity Date (WAM):** 2025-12-05
- **C.12 - Maturity Date (WAL):** 2025-12-05
- **C.13 - Final Legal Maturity Date:** 2036-07-01
- **C.10 - Ratings:** Fitch, Inc.: F-1+; Moody's Investors Service, Inc.: VMIG1; Standard and Poor's Ratings Services: A-1+
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

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

- **C.1 - Title:** MARYLAND HEALTH & HIGHER EDUCATIONAL FACILITIES AUTHORITY 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 5742183U5, C.4 - ISIN: US5742183U52
- **C.18 - Value (incl. sponsor support):** $141640.73
- **C.18.a - Value (excl. sponsor support):** $141640.73
- **C.19 - Percentage of Net Assets:** 0.1400%
- **C.17 - Yield as of Reporting Date:** 2.9500%
- **C.11 - Maturity Date (WAM):** 2026-07-01
- **C.12 - Maturity Date (WAL):** 2026-07-01
- **C.13 - Final Legal Maturity Date:** 2026-07-01
- **C.10 - Ratings:** Fitch, Inc.: NR; Moody's Investors Service, Inc.: A1; Standard and Poor's Ratings Services: A+
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

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

- **C.1 - Title:** MARYLAND HEALTH & HIGHER EDUCATIONAL FACILITIES AUTHORITY 2.790000%
- **C.6 - Investment Category:** Variable Rate Demand Note
- **Identifiers:** C.3 - CUSIP: 57421CGD0, C.4 - ISIN: US57421CGD02
- **C.18 - Value (incl. sponsor support):** $4800000.00
- **C.18.a - Value (excl. sponsor support):** $4800000.00
- **C.19 - Percentage of Net Assets:** 4.8500%
- **C.17 - Yield as of Reporting Date:** 2.7900%
- **C.11 - Maturity Date (WAM):** 2025-12-05
- **C.12 - Maturity Date (WAL):** 2025-12-05
- **C.13 - Final Legal Maturity Date:** 2042-06-01
- **C.10 - Ratings:** Fitch, Inc.: NR; Moody's Investors Service, Inc.: VMIG1; Standard and Poor's Ratings Services: A-1+
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

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

- **C.1 - Title:** MARYLAND HEALTH & HIGHER EDUCATIONAL FACILITIES AUTHORITY 2.780000%
- **C.6 - Investment Category:** Variable Rate Demand Note
- **Identifiers:** C.3 - CUSIP: 57421CHX5, C.4 - ISIN: US57421CHX56
- **C.18 - Value (incl. sponsor support):** $300000.00
- **C.18.a - Value (excl. sponsor support):** $300000.00
- **C.19 - Percentage of Net Assets:** 0.3000%
- **C.17 - Yield as of Reporting Date:** 2.7800%
- **C.11 - Maturity Date (WAM):** 2025-12-05
- **C.12 - Maturity Date (WAL):** 2025-12-05
- **C.13 - Final Legal Maturity Date:** 2055-07-01
- **C.10 - Ratings:** Fitch, Inc.: NR; Moody's Investors Service, Inc.: VMIG1; Standard and Poor's Ratings Services: A-1
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? Yes, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 47: MARYLAND STADIUM AUTHORITY

- **C.1 - Title:** MARYLAND STADIUM AUTHORITY 2.780000%
- **C.6 - Investment Category:** Variable Rate Demand Note
- **Identifiers:** C.3 - CUSIP: 574297CT2, C.4 - ISIN: US574297CT27, C.3 - LEI: 549300VA283TTQRDNF71
- **C.18 - Value (incl. sponsor support):** $1925000.00
- **C.18.a - Value (excl. sponsor support):** $1925000.00
- **C.19 - Percentage of Net Assets:** 1.9500%
- **C.17 - Yield as of Reporting Date:** 2.7800%
- **C.11 - Maturity Date (WAM):** 2025-12-04
- **C.12 - Maturity Date (WAL):** 2025-12-05
- **C.13 - Final Legal Maturity Date:** 2026-03-01
- **C.10 - Ratings:** Fitch, Inc.: F-1; Moody's Investors Service, Inc.: VMIG1; Standard and Poor's Ratings Services: A-1
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 48: MARYLAND STATE TRANSPORTATION AUTHORITY

- **C.1 - Title:** MARYLAND STATE TRANSPORTATION AUTHORITY 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 574300LX5, C.4 - ISIN: US574300LX58, C.3 - LEI: 254900MKNK0MO0Z4X426
- **C.18 - Value (incl. sponsor support):** $456398.46
- **C.18.a - Value (excl. sponsor support):** $456398.46
- **C.19 - Percentage of Net Assets:** 0.4600%
- **C.17 - Yield as of Reporting Date:** 2.5300%
- **C.11 - Maturity Date (WAM):** 2026-07-01
- **C.12 - Maturity Date (WAL):** 2026-07-01
- **C.13 - Final Legal Maturity Date:** 2026-07-01
- **C.10 - Ratings:** Fitch, Inc.: AA; Moody's Investors Service, Inc.: Aa2; Standard and Poor's Ratings Services: AA-
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 49: MARYLAND STATE TRANSPORTATION AUTHORITY

- **C.1 - Title:** MARYLAND STATE TRANSPORTATION AUTHORITY 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 574300PB9, C.4 - ISIN: US574300PB92, C.3 - LEI: 254900MKNK0MO0Z4X426
- **C.18 - Value (incl. sponsor support):** $912796.92
- **C.18.a - Value (excl. sponsor support):** $912796.92
- **C.19 - Percentage of Net Assets:** 0.9200%
- **C.17 - Yield as of Reporting Date:** 2.5300%
- **C.11 - Maturity Date (WAM):** 2026-07-01
- **C.12 - Maturity Date (WAL):** 2026-07-01
- **C.13 - Final Legal Maturity Date:** 2026-07-01
- **C.10 - Ratings:** Fitch, Inc.: AA; Moody's Investors Service, Inc.: Aa2; Standard and Poor's Ratings Services: NR
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 50: COUNTY OF MONTGOMERY MD

- **C.1 - Title:** COUNTY OF MONTGOMERY MD 2.700000%
- **C.6 - Investment Category:** Variable Rate Demand Note
- **Identifiers:** C.3 - CUSIP: 6133408D3, C.4 - ISIN: US6133408D38, C.3 - LEI: 549300GNX5SDUEBKPK13
- **C.18 - Value (incl. sponsor support):** $4540000.00
- **C.18.a - Value (excl. sponsor support):** $4540000.00
- **C.19 - Percentage of Net Assets:** 4.5900%
- **C.17 - Yield as of Reporting Date:** 2.7000%
- **C.11 - Maturity Date (WAM):** 2025-12-01
- **C.12 - Maturity Date (WAL):** 2025-12-01
- **C.13 - Final Legal Maturity Date:** 2037-11-01
- **C.10 - Ratings:** Fitch, Inc.: F-1; Moody's Investors Service, Inc.: VMIG1; Standard and Poor's Ratings Services: A-1
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 51: MONTGOMERY COUNTY HOUSING OPPORTUNITIES COMMISSION

- **C.1 - Title:** MONTGOMERY COUNTY HOUSING OPPORTUNITIES COMMISSION 2.780000%
- **C.6 - Investment Category:** Variable Rate Demand Note
- **Identifiers:** C.3 - CUSIP: 6133495Z8, C.4 - ISIN: US6133495Z85, C.3 - LEI: 549300HDL0LLRHMDL092
- **C.18 - Value (incl. sponsor support):** $1100000.00
- **C.18.a - Value (excl. sponsor support):** $1100000.00
- **C.19 - Percentage of Net Assets:** 1.1100%
- **C.17 - Yield as of Reporting Date:** 2.7800%
- **C.11 - Maturity Date (WAM):** 2025-12-05
- **C.12 - Maturity Date (WAL):** 2025-12-05
- **C.13 - Final Legal Maturity Date:** 2041-01-01
- **C.10 - Ratings:** Fitch, Inc.: NR; Moody's Investors Service, Inc.: VMIG1; Standard and Poor's Ratings Services: NR
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? Yes, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 52: MONTGOMERY COUNTY HOUSING OPPORTUNITIES COMMISSION

- **C.1 - Title:** MONTGOMERY COUNTY HOUSING OPPORTUNITIES COMMISSION 2.780000%
- **C.6 - Investment Category:** Variable Rate Demand Note
- **Identifiers:** C.3 - CUSIP: 6133497H6, C.4 - ISIN: US6133497H69, C.3 - LEI: 549300HDL0LLRHMDL092
- **C.18 - Value (incl. sponsor support):** $1350000.00
- **C.18.a - Value (excl. sponsor support):** $1350000.00
- **C.19 - Percentage of Net Assets:** 1.3600%
- **C.17 - Yield as of Reporting Date:** 2.7800%
- **C.11 - Maturity Date (WAM):** 2025-12-05
- **C.12 - Maturity Date (WAL):** 2025-12-05
- **C.13 - Final Legal Maturity Date:** 2049-01-01
- **C.10 - Ratings:** Fitch, Inc.: NR; Moody's Investors Service, Inc.: VMIG1; Standard and Poor's Ratings Services: NR
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? Yes, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 53: MONTGOMERY COUNTY HOUSING OPPORTUNITIES COMMISSION

- **C.1 - Title:** MONTGOMERY COUNTY HOUSING OPPORTUNITIES COMMISSION 2.810000%
- **C.6 - Investment Category:** Variable Rate Demand Note
- **Identifiers:** C.3 - CUSIP: 61334MXK1, C.4 - ISIN: US61334MXK16, C.3 - LEI: 549300HDL0LLRHMDL092
- **C.18 - Value (incl. sponsor support):** $2400000.00
- **C.18.a - Value (excl. sponsor support):** $2400000.00
- **C.19 - Percentage of Net Assets:** 2.4300%
- **C.17 - Yield as of Reporting Date:** 2.8100%
- **C.11 - Maturity Date (WAM):** 2025-12-05
- **C.12 - Maturity Date (WAL):** 2025-12-05
- **C.13 - Final Legal Maturity Date:** 2049-01-01
- **C.10 - Ratings:** Fitch, Inc.: NR; Moody's Investors Service, Inc.: VMIG1; Standard and Poor's Ratings Services: NR
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? Yes, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 54: COUNTY OF MONTGOMERY MD

- **C.1 - Title:** COUNTY OF MONTGOMERY MD 2.900000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 61336PES6, C.4 - ISIN: US61336PES65, C.3 - LEI: 549300GNX5SDUEBKPK13
- **C.18 - Value (incl. sponsor support):** $9400000.00
- **C.18.a - Value (excl. sponsor support):** $9400000.00
- **C.19 - Percentage of Net Assets:** 9.5000%
- **C.17 - Yield as of Reporting Date:** 2.9000%
- **C.11 - Maturity Date (WAM):** 2025-12-01
- **C.12 - Maturity Date (WAL):** 2026-03-02
- **C.13 - Final Legal Maturity Date:** 2041-12-01
- **C.10 - Ratings:** Fitch, Inc.: F-1+; Moody's Investors Service, Inc.: VMIG1; Standard and Poor's Ratings Services: A-1+
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 55: NEW MEXICO MORTGAGE FINANCE AUTHORITY

- **C.1 - Title:** NEW MEXICO MORTGAGE FINANCE AUTHORITY 3.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 64720AAC6, C.4 - ISIN: US64720AAC62
- **C.18 - Value (incl. sponsor support):** $1000065.60
- **C.18.a - Value (excl. sponsor support):** $1000065.60
- **C.19 - Percentage of Net Assets:** 1.0100%
- **C.17 - Yield as of Reporting Date:** 3.0000%
- **C.11 - Maturity Date (WAM):** 2026-12-01
- **C.12 - Maturity Date (WAL):** 2026-12-01
- **C.13 - Final Legal Maturity Date:** 2057-09-01
- **C.10 - Ratings:** Fitch, Inc.: NR; Moody's Investors Service, Inc.: VMIG1; Standard and Poor's Ratings Services: NR
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 56: COUNTY OF PRINCE GEORGE'S MD

- **C.1 - Title:** COUNTY OF PRINCE GEORGE'S MD 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 7417013E4, C.4 - ISIN: US7417013E48, C.3 - LEI: 549300NSQ1W50I0VU811
- **C.18 - Value (incl. sponsor support):** $973308.78
- **C.18.a - Value (excl. sponsor support):** $973308.78
- **C.19 - Percentage of Net Assets:** 0.9800%
- **C.17 - Yield as of Reporting Date:** 2.5300%
- **C.11 - Maturity Date (WAM):** 2026-09-15
- **C.12 - Maturity Date (WAL):** 2026-09-15
- **C.13 - Final Legal Maturity Date:** 2026-09-15
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aa1; Standard and Poor's Ratings Services: AAA
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

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

- **C.1 - Title:** COUNTY OF PRINCE GEORGE'S MD 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 7417015J1, C.4 - ISIN: US7417015J17, C.3 - LEI: 549300NSQ1W50I0VU811
- **C.18 - Value (incl. sponsor support):** $137038.57
- **C.18.a - Value (excl. sponsor support):** $137038.57
- **C.19 - Percentage of Net Assets:** 0.1400%
- **C.17 - Yield as of Reporting Date:** 2.5300%
- **C.11 - Maturity Date (WAM):** 2026-07-15
- **C.12 - Maturity Date (WAL):** 2026-07-15
- **C.13 - Final Legal Maturity Date:** 2026-07-15
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aa1; Standard and Poor's Ratings Services: AAA
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

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

- **C.1 - Title:** COUNTY OF PRINCE GEORGE'S MD 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 741702CY8, C.4 - ISIN: US741702CY81, C.3 - LEI: 549300NSQ1W50I0VU811
- **C.18 - Value (incl. sponsor support):** $116861.16
- **C.18.a - Value (excl. sponsor support):** $116861.16
- **C.19 - Percentage of Net Assets:** 0.1200%
- **C.17 - Yield as of Reporting Date:** 2.5300%
- **C.11 - Maturity Date (WAM):** 2026-08-01
- **C.12 - Maturity Date (WAL):** 2026-08-01
- **C.13 - Final Legal Maturity Date:** 2026-08-01
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aa1; Standard and Poor's Ratings Services: AAA
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 59: TENDER OPTION BOND TRUST RECEIPTS/CERTIFICATES

- **C.1 - Title:** TENDER OPTION BOND TRUST RECEIPTS/CERTIFICATES 2.840000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 88035JVJ8, C.4 - ISIN: US88035JVJ86
- **C.18 - Value (incl. sponsor support):** $2500000.00
- **C.18.a - Value (excl. sponsor support):** $2500000.00
- **C.19 - Percentage of Net Assets:** 2.5300%
- **C.17 - Yield as of Reporting Date:** 2.8400%
- **C.11 - Maturity Date (WAM):** 2025-12-05
- **C.12 - Maturity Date (WAL):** 2025-12-05
- **C.13 - Final Legal Maturity Date:** 2032-06-01
- **C.10 - Ratings:** Fitch, Inc.: NR; Moody's Investors Service, Inc.: NR; Standard and Poor's Ratings Services: A-1+
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

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

- **C.1 - Title:** TENDER OPTION BOND TRUST RECEIPTS/CERTIFICATES 2.820000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 88035MDL6, C.4 - ISIN: US88035MDL63
- **C.18 - Value (incl. sponsor support):** $500000.00
- **C.18.a - Value (excl. sponsor support):** $500000.00
- **C.19 - Percentage of Net Assets:** 0.5100%
- **C.17 - Yield as of Reporting Date:** 2.8200%
- **C.11 - Maturity Date (WAM):** 2025-12-05
- **C.12 - Maturity Date (WAL):** 2025-12-05
- **C.13 - Final Legal Maturity Date:** 2042-09-01
- **C.10 - Ratings:** Fitch, Inc.: F-1+; Moody's Investors Service, Inc.: NR; Standard and Poor's Ratings Services: NR
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

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

- **C.1 - Title:** TENDER OPTION BOND TRUST RECEIPTS/CERTIFICATES 2.820000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 88035R5T7, C.4 - ISIN: US88035R5T73
- **C.18 - Value (incl. sponsor support):** $3550000.00
- **C.18.a - Value (excl. sponsor support):** $3550000.00
- **C.19 - Percentage of Net Assets:** 3.5900%
- **C.17 - Yield as of Reporting Date:** 2.8200%
- **C.11 - Maturity Date (WAM):** 2025-12-05
- **C.12 - Maturity Date (WAL):** 2025-12-05
- **C.13 - Final Legal Maturity Date:** 2039-07-15
- **C.10 - Ratings:** Fitch, Inc.: NR; Moody's Investors Service, Inc.: NR; Standard and Poor's Ratings Services: A-1
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

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

- **C.1 - Title:** TENDER OPTION BOND TRUST RECEIPTS/CERTIFICATES 2.820000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 88035RXK5, C.4 - ISIN: US88035RXK57
- **C.18 - Value (incl. sponsor support):** $4800000.00
- **C.18.a - Value (excl. sponsor support):** $4800000.00
- **C.19 - Percentage of Net Assets:** 4.8500%
- **C.17 - Yield as of Reporting Date:** 2.8200%
- **C.11 - Maturity Date (WAM):** 2025-12-05
- **C.12 - Maturity Date (WAL):** 2025-12-05
- **C.13 - Final Legal Maturity Date:** 2052-01-15
- **C.10 - Ratings:** Fitch, Inc.: NR; Moody's Investors Service, Inc.: NR; Standard and Poor's Ratings Services: A-1+
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

### Security 63: UNIVERSITY SYSTEM OF MARYLAND

- **C.1 - Title:** UNIVERSITY SYSTEM OF MARYLAND 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 9144025D0, C.4 - ISIN: US9144025D01
- **C.18 - Value (incl. sponsor support):** $100823.82
- **C.18.a - Value (excl. sponsor support):** $100823.82
- **C.19 - Percentage of Net Assets:** 0.1000%
- **C.17 - Yield as of Reporting Date:** 2.4900%
- **C.11 - Maturity Date (WAM):** 2026-04-01
- **C.12 - Maturity Date (WAL):** 2026-04-01
- **C.13 - Final Legal Maturity Date:** 2026-04-01
- **C.10 - Ratings:** Fitch, Inc.: AA+; Moody's Investors Service, Inc.: Aa1; Standard and Poor's Ratings Services: AA+
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 64: UNIVERSITY SYSTEM OF MARYLAND

- **C.1 - Title:** UNIVERSITY SYSTEM OF MARYLAND 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 9144027L0, C.4 - ISIN: US9144027L09
- **C.18 - Value (incl. sponsor support):** $302471.46
- **C.18.a - Value (excl. sponsor support):** $302471.46
- **C.19 - Percentage of Net Assets:** 0.3100%
- **C.17 - Yield as of Reporting Date:** 2.4900%
- **C.11 - Maturity Date (WAM):** 2026-04-01
- **C.12 - Maturity Date (WAL):** 2026-04-01
- **C.13 - Final Legal Maturity Date:** 2026-04-01
- **C.10 - Ratings:** Fitch, Inc.: AA+; Moody's Investors Service, Inc.: Aa1; Standard and Poor's Ratings Services: AA+
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 65: UNIVERSITY SYSTEM OF MARYLAND

- **C.1 - Title:** UNIVERSITY SYSTEM OF MARYLAND 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 9144027U0, C.4 - ISIN: US9144027U08
- **C.18 - Value (incl. sponsor support):** $2278618.33
- **C.18.a - Value (excl. sponsor support):** $2278618.33
- **C.19 - Percentage of Net Assets:** 2.3000%
- **C.17 - Yield as of Reporting Date:** 2.4900%
- **C.11 - Maturity Date (WAM):** 2026-04-01
- **C.12 - Maturity Date (WAL):** 2026-04-01
- **C.13 - Final Legal Maturity Date:** 2026-04-01
- **C.10 - Ratings:** Fitch, Inc.: AA+; Moody's Investors Service, Inc.: Aa1; Standard and Poor's Ratings Services: AA+
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 66: UNIVERSITY SYSTEM OF MARYLAND

- **C.1 - Title:** UNIVERSITY SYSTEM OF MARYLAND 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 91440ABT0, C.4 - ISIN: US91440ABT07
- **C.18 - Value (incl. sponsor support):** $277265.51
- **C.18.a - Value (excl. sponsor support):** $277265.51
- **C.19 - Percentage of Net Assets:** 0.2800%
- **C.17 - Yield as of Reporting Date:** 2.4900%
- **C.11 - Maturity Date (WAM):** 2026-04-01
- **C.12 - Maturity Date (WAL):** 2026-04-01
- **C.13 - Final Legal Maturity Date:** 2026-04-01
- **C.10 - Ratings:** Fitch, Inc.: AA+; Moody's Investors Service, Inc.: Aa1; Standard and Poor's Ratings Services: AA+
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 67: UNIVERSITY SYSTEM OF MARYLAND

- **C.1 - Title:** UNIVERSITY SYSTEM OF MARYLAND 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 91440ACR3, C.4 - ISIN: US91440ACR32
- **C.18 - Value (incl. sponsor support):** $1421615.86
- **C.18.a - Value (excl. sponsor support):** $1421615.86
- **C.19 - Percentage of Net Assets:** 1.4400%
- **C.17 - Yield as of Reporting Date:** 2.4900%
- **C.11 - Maturity Date (WAM):** 2026-04-01
- **C.12 - Maturity Date (WAL):** 2026-04-01
- **C.13 - Final Legal Maturity Date:** 2026-04-01
- **C.10 - Ratings:** Fitch, Inc.: AA+; Moody's Investors Service, Inc.: Aa1; Standard and Poor's Ratings Services: AA+
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 68: UNIVERSITY SYSTEM OF MARYLAND

- **C.1 - Title:** UNIVERSITY SYSTEM OF MARYLAND 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 91440ADV3, C.4 - ISIN: US91440ADV35
- **C.18 - Value (incl. sponsor support):** $176441.69
- **C.18.a - Value (excl. sponsor support):** $176441.69
- **C.19 - Percentage of Net Assets:** 0.1800%
- **C.17 - Yield as of Reporting Date:** 2.4900%
- **C.11 - Maturity Date (WAM):** 2026-04-01
- **C.12 - Maturity Date (WAL):** 2026-04-01
- **C.13 - Final Legal Maturity Date:** 2026-04-01
- **C.10 - Ratings:** Fitch, Inc.: AA+; Moody's Investors Service, Inc.: Aa1; Standard and Poor's Ratings Services: AA+
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 69: UNIVERSITY TEX UNIV RE 2.65 14APR26

- **C.1 - Title:** UNIVERSITY TEX UNIV RE 2.65 14APR26 2.650000%
- **C.6 - Investment Category:** Non-Financial Company Commercial Paper
- **Identifiers:** C.3 - CUSIP: 91514YLW1, C.4 - ISIN: US91514YLW11, C.3 - LEI: TEHUYFNKZR6XVWLGEU86
- **C.18 - Value (incl. sponsor support):** $999963.50
- **C.18.a - Value (excl. sponsor support):** $999963.50
- **C.19 - Percentage of Net Assets:** 1.0100%
- **C.17 - Yield as of Reporting Date:** 2.6500%
- **C.11 - Maturity Date (WAM):** 2026-04-14
- **C.12 - Maturity Date (WAL):** 2026-04-14
- **C.13 - Final Legal Maturity Date:** 2026-04-14
- **C.10 - Ratings:** Fitch, Inc.: F-1+; Moody's Investors Service, Inc.: P-1; Standard and Poor's Ratings Services: A-1+
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 70: WASHINGTON SUBURBAN SANITARY COMMISSION

- **C.1 - Title:** WASHINGTON SUBURBAN SANITARY COMMISSION 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 940157E48, C.4 - ISIN: US940157E489, C.3 - LEI: 549300EZUWNTQF827C24
- **C.18 - Value (incl. sponsor support):** $202458.28
- **C.18.a - Value (excl. sponsor support):** $202458.28
- **C.19 - Percentage of Net Assets:** 0.2000%
- **C.17 - Yield as of Reporting Date:** 2.5100%
- **C.11 - Maturity Date (WAM):** 2026-06-01
- **C.12 - Maturity Date (WAL):** 2026-06-01
- **C.13 - Final Legal Maturity Date:** 2026-06-01
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AAA
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 71: WASHINGTON SUBURBAN SANITARY COMMISSION

- **C.1 - Title:** WASHINGTON SUBURBAN SANITARY COMMISSION 5.000000%
- **C.6 - Investment Category:** Other Municipal Security
- **Identifiers:** C.3 - CUSIP: 940157W22, C.4 - ISIN: US940157W226, C.3 - LEI: 549300EZUWNTQF827C24
- **C.18 - Value (incl. sponsor support):** $501084.24
- **C.18.a - Value (excl. sponsor support):** $501084.24
- **C.19 - Percentage of Net Assets:** 0.5100%
- **C.17 - Yield as of Reporting Date:** 2.5100%
- **C.11 - Maturity Date (WAM):** 2026-06-01
- **C.12 - Maturity Date (WAL):** 2026-06-01
- **C.13 - Final Legal Maturity Date:** 2026-06-01
- **C.10 - Ratings:** Fitch, Inc.: AAA; Moody's Investors Service, Inc.: Aaa; Standard and Poor's Ratings Services: AAA
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? No, C.21 Is a Weekly Liquid Asset? No, C.23 Categorized at Level 3? No

### Security 72: WASHINGTON SUBURBAN SANITARY COMMISSION

- **C.1 - Title:** WASHINGTON SUBURBAN SANITARY COMMISSION 2.850000%
- **C.6 - Investment Category:** Variable Rate Demand Note
- **Identifiers:** C.3 - CUSIP: 940158HT8, C.4 - ISIN: US940158HT80, C.3 - LEI: 549300EZUWNTQF827C24
- **C.18 - Value (incl. sponsor support):** $3105000.00
- **C.18.a - Value (excl. sponsor support):** $3105000.00
- **C.19 - Percentage of Net Assets:** 3.1400%
- **C.17 - Yield as of Reporting Date:** 2.8500%
- **C.11 - Maturity Date (WAM):** 2025-12-01
- **C.12 - Maturity Date (WAL):** 2025-12-01
- **C.13 - Final Legal Maturity Date:** 2027-06-01
- **C.10 - Ratings:** Fitch, Inc.: F-1+; Moody's Investors Service, Inc.: VMIG1; Standard and Poor's Ratings Services: NR
- **Characteristics:** C.9 Eligible Security? Yes, C.14 Has Demand Feature? Yes, C.15 Has Guarantee? No, C.16 Has Enhancement? No, C.22 Is an Illiquid Security? No, C.20 Is a Daily Liquid Asset? Yes, C.21 Is a Weekly Liquid Asset? Yes, C.23 Categorized at Level 3? No

## N-MFP: Signatures

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

**Date:** 2025-12-05

**By:** Alan S. Dupski

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

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