# EDGAR Filing Document

**Accession Number:** 0000898745
**File Stem:** 0001752724-23-064820
**Filing Date:** 2023-3
**Character Count:** 118787
**Document Hash:** 89e9ef21773fca2a2eccfc075db5f3f7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-064820.hdr.sgml**: 20230324

**ACCESSION NUMBER**: 0001752724-23-064820

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230324

**DATE AS OF CHANGE**: 20230324

**PERIOD START**: 20231031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PRINCIPAL FUNDS, INC.
- **CENTRAL INDEX KEY:** 0000898745
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07572
- **FILM NUMBER:** 23757978

**BUSINESS ADDRESS:**
- **STREET 1:** 711 HIGH STREET
- **CITY:** DES MOINES
- **STATE:** IA
- **ZIP:** 50392
- **BUSINESS PHONE:** 515-235-1209

**MAIL ADDRESS:**
- **STREET 1:** PRINCIPAL FINANCIAL GROUP
- **CITY:** DES MOINES
- **STATE:** IA
- **ZIP:** 50392

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PRINCIPAL FUNDS, INC
- **DATE OF NAME CHANGE:** 20211220

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PRINCIPAL FUNDS INC
- **DATE OF NAME CHANGE:** 20080616

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PRINCIPAL INVESTORS FUND INC
- **DATE OF NAME CHANGE:** 20001012

## Series and Classes Contracts Data

### California Municipal Fund (Series ID: S000014232)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000038715 | Class A       | SRCMX           |
| C000038717 | Class C       | SRCCX           |
| C000153061 | Institutional | PCMFX           |

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1.1.1

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## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Principal Funds, Inc

- **b. Investment Company Act file number:** 811-07572

- **c. CIK number of Registrant:** 0000898745

- **d. LEI of Registrant:** 549300HZGBXSW6DSXF23

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

  - **Street Address 1:** 801 Grand Ave

  - **City:** Des Moines

  - **State:** IA

  - **Foreign country:** US

  - **Zip / Postal Code:** 50309

  - **Telephone number:** 515-235-1719

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

- **a. Name of Series:** California Municipal Fund

- **b. EDGAR series identifier (if any):** S000014232

- **c. LEI of Series:** 549300TB8YHKFT7I8G29

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

- **a. Date of fiscal year-end:** 2023-10-31

- **b. Date as of which information is reported:** 2023-01-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $590370057.04

**Total Liabilities:** $15530549.44

**Net Assets:** $574839507.60

**Delayed Delivery Securities:** $13577385.68

**Cash Not Reported:** $9544082.22

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 646.35360000 | **1-Year:** 3807.78110000 | **5-Year:** 76148.61480000 | **10-Year:** 90948.67920000 | **30-Year:** 131930.89160000

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

- **3-Month:** 133.48230000 | **1-Year:** 786.36710000 | **5-Year:** 15725.89520000 | **10-Year:** 18782.34300000 | **30-Year:** 27245.81900000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000153061 | 4.47%                | 0.27%                | 2.51%                |
| Class ID C000038715 | 4.34%                | 0.25%                | 2.60%                |
| Class ID C000038717 | 4.26%                | 0.17%                | 2.53%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-3386793.94             | $26147862.74                               |
| Month 2  | $-13706.20               | $-140677.77                                |
| Month 3  | $-1317947.72             | $14472162.51                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Commonwealth of Puerto Rico                                                  | Commonwealth of Puerto Rico                                                  | CUSIP: 74514L3T2<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   1928949 | PA      | $851148.72    | 0.15%             | 2043-11-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| iShares California Muni Bond ETF                                             | iShares California Muni Bond ETF                                             | CUSIP: 464288356<br>LEI: 5493005PBQ3IFT3REX09 | Long             | EC               | RF                | US        |     38402 | NS      | $2209651.08   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| California Pollution Control Financing Authority                             | California Pollution Control Financing Authority                             | CUSIP: 13054WAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10026484.00  | 1.74%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                              | California Community Choice Financing Authority                              | CUSIP: 13013JAL0<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1544925.30   | 0.27%             | 2030-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                       | California Municipal Finance Authority                                       | CUSIP: 13048TN90<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   3750000 | PA      | $3826185.00   | 0.67%             | 2036-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Coachella Valley Unified School District/CA                                  | Coachella Valley Unified School District/CA                                  | CUSIP: 189849HQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $2059325.60   | 0.36%             | 2039-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Anaheim Housing & Public Improvements Authority                              | Anaheim Housing & Public Improvements Authority                              | CUSIP: 032556HY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1040941.30   | 0.18%             | 2050-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ripon Unified School District - Unrefunded                                   | Ripon Unified School District - Unrefunded                                   | CUSIP: 767520JN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $147757.48    | 0.03%             | 2033-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| East Bay Municipal Utility District Water System Revenue                     | East Bay Municipal Utility District Water System Revenue                     | CUSIP: 271014D33<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $9511.49      | 0.00%             | 2037-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                       | California Statewide Communities Development Authority                       | CUSIP: 13078YQF5<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    745000 | PA      | $787803.08    | 0.14%             | 2039-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                  | Commonwealth of Puerto Rico                                                  | CUSIP: 74514L3K1<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   3327017 | PA      | $3110761.56   | 0.54%             | 2033-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                       | California Municipal Finance Authority                                       | CUSIP: 13049YEN7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $11065773.00  | 1.93%             | 2031-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of California                                                     | University of California                                                     | CUSIP: 91412HMN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    705000 | PA      | $722129.95    | 0.13%             | 2044-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco Bay Area Rapid Transit District Sales Tax Revenue              | San Francisco Bay Area Rapid Transit District Sales Tax Revenue              | CUSIP: 797669ZC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3035000 | PA      | $3149237.40   | 0.55%             | 2036-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Santa Monica-Malibu Unified School District                                  | Santa Monica-Malibu Unified School District                                  | CUSIP: 802498TA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1510000 | PA      | $1543806.48   | 0.27%             | 2039-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                  | Commonwealth of Puerto Rico                                                  | CUSIP: 74514L3J4<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    431332 | PA      | $467789.43    | 0.08%             | 2031-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport | San Francisco City & County Airport Comm-San Francisco International Airport | CUSIP: 79766DLW7<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3242363.10   | 0.56%             | 2036-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Public Finance Authority                                          | California Public Finance Authority                                          | CUSIP: 13057GAD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $649615.35    | 0.11%             | 2056-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                              | California Community Choice Financing Authority                              | CUSIP: 13013JCB0<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2676318.25   | 0.47%             | 2053-07-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Abag Finance Authority for Nonprofit Corps                                   | Abag Finance Authority for Nonprofit Corps                                   | CUSIP: 00037CVN7<br>LEI: 549300EWVCCTI6O2KU84 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1510008.75   | 0.26%             | 2043-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                            | California Housing Finance Agency                                            | CUSIP: 13033DAG0<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   2459562 | PA      | $2459187.89   | 0.43%             | 2035-03-25      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Richmond Joint Powers Financing Authority                                    | Richmond Joint Powers Financing Authority                                    | CUSIP: 764440JT1<br>LEI: 549300O54N3JTBY74Q35 | Long             | DBT              | MUN               | US        |   1180000 | PA      | $1322343.64   | 0.23%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Water District of Southern California                           | Metropolitan Water District of Southern California                           | CUSIP: 59266TSQ5<br>LEI: 5493003GD0S0P56RLT45 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1145757.30   | 0.20%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                       | California Statewide Communities Development Authority                       | CUSIP: 13080SVK7<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1031480.00   | 0.18%             | 2038-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                       | California Statewide Communities Development Authority                       | CUSIP: 13080SSH8<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1135000 | PA      | $1169697.63   | 0.20%             | 2032-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Inland Valley Development Agency                                             | Inland Valley Development Agency                                             | CUSIP: 45750TAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1021252.80   | 0.18%             | 2037-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Pollution Control Financing Authority                             | California Pollution Control Financing Authority                             | CUSIP: 13054WAN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1048955.70   | 0.18%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Compton CA Water Revenue                                             | City of Compton CA Water Revenue                                             | CUSIP: 204744AK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1250611.00   | 0.22%             | 2039-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| City of Irvine CA                                                            | City of Irvine CA                                                            | CUSIP: 46360TDE0<br>LEI: 549300PJ9FL2XGFR8J79 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2018567.00   | 0.35%             | 2049-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts/Certificates                               | Tender Option Bond Trust Receipts/Certificates                               | CUSIP: 88035DJ97<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2800000 | PA      | $2800000.00   | 0.49%             | 2056-07-01      | Variable      | 1.84%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                       | California Municipal Finance Authority                                       | CUSIP: 13049YFP1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1909806.80   | 0.33%             | 2046-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Poway Unified School District                                                | Poway Unified School District                                                | CUSIP: 738850RB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $2475053.20   | 0.43%             | 2036-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                  | Commonwealth of Puerto Rico                                                  | CUSIP: 74514L3N5<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    429016 | PA      | $368923.86    | 0.06%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                  | Commonwealth of Puerto Rico                                                  | CUSIP: 74514L3E5<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    228398 | PA      | $229486.34    | 0.04%             | 2023-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Pollution Control Financing Authority                             | California Pollution Control Financing Authority                             | CUSIP: 130536KL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1994759.20   | 0.35%             | 2027-12-01      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                        | California Infrastructure & Economic Development Bank                        | CUSIP: 13034RAS2<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   1130000 | PA      | $1247899.79   | 0.22%             | 2039-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                  | Commonwealth of Puerto Rico                                                  | CUSIP: 74514L3Q8<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    136094 | PA      | $127459.67    | 0.02%             | 2024-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                       | California Municipal Finance Authority                                       | CUSIP: 13049YEA5<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5294220.00   | 0.92%             | 2044-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                  | Commonwealth of Puerto Rico                                                  | CUSIP: 74514L3P0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    446171 | PA      | $372022.20    | 0.06%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Educational Facilities Authority                                  | California Educational Facilities Authority                                  | CUSIP: 130179EV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1055180.30   | 0.18%             | 2036-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles CA                                                       | City of Los Angeles CA                                                       | CUSIP: 544582NQ8<br>LEI: 549300E7TO710PTXPJ65 | Long             | DBT              | MUN               | US        |    688000 | PA      | $688000.00    | 0.12%             | 2026-08-01      | Variable      | 1.70%                 | No            |                  2 | On Loan: No      |
| Riverside County Public Financing Authority                                  | Riverside County Public Financing Authority                                  | CUSIP: 76912TKM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1602703.05   | 0.28%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                       | California Statewide Communities Development Authority                       | CUSIP: 13080SWM2<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    375000 | PA      | $377806.46    | 0.07%             | 2034-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chino Valley Unified School District                                         | Chino Valley Unified School District                                         | CUSIP: 169583FU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2162113.40   | 0.38%             | 2047-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                             | California Health Facilities Financing Authority                             | CUSIP: 13032UUW6<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $11661502.00  | 2.03%             | 2041-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                          | State of California                                                          | CUSIP: 13063BP63<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1450000.00   | 0.25%             | 2038-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                              | California Community Choice Financing Authority                              | CUSIP: 13013JAP1<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5067976.50   | 0.88%             | 2052-02-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                       | California Municipal Finance Authority                                       | CUSIP: 13049YDZ1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    600000 | PA      | $636651.84    | 0.11%             | 2043-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Unified School District/CA                                       | Los Angeles Unified School District/CA                                       | CUSIP: 5446467U0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2700000 | PA      | $3007290.51   | 0.52%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                          | State of California                                                          | CUSIP: 13063DD88<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5030000 | PA      | $5812460.76   | 1.01%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of Guam                                                       | Port Authority of Guam                                                       | CUSIP: 400652AA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1033553.50   | 0.18%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                       | California Statewide Communities Development Authority                       | CUSIP: 13080SEV2<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3599534.40   | 0.63%             | 2034-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles CA Wastewater System Revenue                             | City of Los Angeles CA Wastewater System Revenue                             | CUSIP: 53945CCX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2125089.20   | 0.37%             | 2034-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Financing Authority                                     | California Statewide Financing Authority                                     | CUSIP: 130923AR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2050000 | PA      | $2088782.93   | 0.36%             | 2043-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Port of Los Angeles                                                          | Port of Los Angeles                                                          | CUSIP: 544552WD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1740000 | PA      | $1797409.73   | 0.31%             | 2032-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oakland Unified School District/Alameda County                               | Oakland Unified School District/Alameda County                               | CUSIP: 672325XT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3400000 | PA      | $3634876.76   | 0.63%             | 2040-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Golden State Tobacco Securitization Corp                                     | Golden State Tobacco Securitization Corp                                     | CUSIP: 38122NZC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5605796.50   | 0.98%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                   | City of Los Angeles Department of Airports                                   | CUSIP: 5444354A5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1049777.00   | 0.18%             | 2026-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alameda Corridor Transportation Authority                                    | Alameda Corridor Transportation Authority                                    | CUSIP: 010869GZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5270000 | PA      | $5488562.18   | 0.95%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco Bay Area Rapid Transit District Sales Tax Revenue              | San Francisco Bay Area Rapid Transit District Sales Tax Revenue              | CUSIP: 797669ZD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2585881.25   | 0.45%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                       | California Municipal Finance Authority                                       | CUSIP: 13048VLB2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1042362.00   | 0.18%             | 2044-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Pollution Control Financing Authority                             | California Pollution Control Financing Authority                             | CUSIP: 13054WAD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2008988.40   | 0.35%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                          | California School Finance Authority                                          | CUSIP: 13059TFG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1034621.40   | 0.18%             | 2038-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Norco Community Redevelopment Agency Successor Agency                        | Norco Community Redevelopment Agency Successor Agency                        | CUSIP: 655505AL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1030272.60   | 0.18%             | 2032-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Sacramento CA Airport System Revenue                               | County of Sacramento CA Airport System Revenue                               | CUSIP: 786107RW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2126488.40   | 0.37%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                  | Commonwealth of Puerto Rico                                                  | CUSIP: 74514L3G0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    451405 | PA      | $472797.85    | 0.08%             | 2027-07-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                       | California Municipal Finance Authority                                       | CUSIP: 13048RAG2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   6500000 | PA      | $5932499.95   | 1.03%             | 2044-10-01      | Variable      | 2.40%                 | No            |                  2 | On Loan: No      |
| University of California                                                     | University of California                                                     | CUSIP: 91412HJA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3365000 | PA      | $3605446.08   | 0.63%             | 2037-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                       | California Statewide Communities Development Authority                       | CUSIP: 13080SWL4<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    750000 | PA      | $687813.75    | 0.12%             | 2029-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Alameda Corridor Transportation Authority                                    | Alameda Corridor Transportation Authority                                    | CUSIP: 010869JM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $886732.18    | 0.15%             | 2047-10-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| San Diego Association of Governments South Bay Expressway Revenue            | San Diego Association of Governments South Bay Expressway Revenue            | CUSIP: 797257AU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1628237.40   | 0.28%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts/Certificates                               | Tender Option Bond Trust Receipts/Certificates                               | CUSIP: 88033SCM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2597969.18   | 0.45%             | 2046-11-15      | Variable      | 6.36%                 | No            |                  2 | On Loan: No      |
| La Verne Public Financing Authority                                          | La Verne Public Financing Authority                                          | CUSIP: 505207AK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    370000 | PA      | $371275.43    | 0.06%             | 2026-09-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Stockton Unified School District                                             | Stockton Unified School District                                             | CUSIP: 861419TQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1543204.20   | 0.27%             | 2038-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                   | City of Los Angeles Department of Airports                                   | CUSIP: 544445J83<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    415000 | PA      | $447142.00    | 0.08%             | 2026-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Mateo Foster City Public Financing Authority                             | San Mateo Foster City Public Financing Authority                             | CUSIP: 79905VAT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2070000 | PA      | $2167482.92   | 0.38%             | 2037-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                          | California School Finance Authority                                          | CUSIP: 13059TBY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1925000 | PA      | $1980321.04   | 0.34%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Richmond Joint Powers Financing Authority                                    | Richmond Joint Powers Financing Authority                                    | CUSIP: 764440JV6<br>LEI: 549300O54N3JTBY74Q35 | Long             | DBT              | MUN               | US        |   3660000 | PA      | $4056617.00   | 0.71%             | 2037-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                        | California Infrastructure & Economic Development Bank                        | CUSIP: 13034RAP8<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2509870.05   | 0.44%             | 2036-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                       | California Statewide Communities Development Authority                       | CUSIP: 13078YNX9<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    940000 | PA      | $973641.19    | 0.17%             | 2048-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts/Certificates                               | Tender Option Bond Trust Receipts/Certificates                               | CUSIP: 88035EF24<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1835000 | PA      | $2595442.07   | 0.45%             | 2042-07-01      | Variable      | 8.57%                 | No            |                  2 | On Loan: No      |
| Riverside Community Properties Development Inc                               | Riverside Community Properties Development Inc                               | CUSIP: 768870AN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1025524.50   | 0.18%             | 2038-10-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| California County Tobacco Securitization Agency                              | California County Tobacco Securitization Agency                              | CUSIP: 13016NHY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1382720.70   | 0.24%             | 2049-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California State University                                                  | California State University                                                  | CUSIP: 13077DAW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2174062.80   | 0.38%             | 2037-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Water District of Southern California                           | Metropolitan Water District of Southern California                           | CUSIP: 59266TSR3<br>LEI: 5493003GD0S0P56RLT45 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5686237.50   | 0.99%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                        | California Infrastructure & Economic Development Bank                        | CUSIP: 13034RAR4<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1302812.04   | 0.23%             | 2038-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Beverly Hills Unified School District CA                                     | Beverly Hills Unified School District CA                                     | CUSIP: 088023MX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2040000 | PA      | $1727737.00   | 0.30%             | 2044-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                       | California Statewide Communities Development Authority                       | CUSIP: 13078YPP4<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    600000 | PA      | $620942.46    | 0.11%             | 2049-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rialto Redevelopment Agency                                                  | Rialto Redevelopment Agency                                                  | CUSIP: 76246PCV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1088627.70   | 0.19%             | 2037-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                            | California Housing Finance Agency                                            | CUSIP: 13033DAE5<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   9244778 | PA      | $8957275.89   | 1.56%             | 2035-11-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Alameda Community Improvement Commission Successor Agency                    | Alameda Community Improvement Commission Successor Agency                    | CUSIP: 010775AG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1044411.80   | 0.18%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mountain View Shoreline Regional Park Community                              | Mountain View Shoreline Regional Park Community                              | CUSIP: 624410HJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3228244.20   | 0.56%             | 2048-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                       | California Statewide Communities Development Authority                       | CUSIP: 13078YQG3<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1425000 | PA      | $1484912.27   | 0.26%             | 2044-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                          | State of California                                                          | CUSIP: 13063CXS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $34828.21     | 0.01%             | 2031-12-01      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| Matching Fund Special Purpose Securitization Corp                            | Matching Fund Special Purpose Securitization Corp                            | CUSIP: 57665NAG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6250000 | PA      | $6242427.50   | 1.09%             | 2039-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego County Regional Airport Authority                                  | San Diego County Regional Airport Authority                                  | CUSIP: 79739GLC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9895000 | PA      | $9997248.99   | 1.74%             | 2038-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                       | California Statewide Communities Development Authority                       | CUSIP: 13080SWP5<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1950000 | PA      | $1861796.82   | 0.32%             | 2051-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                       | California Municipal Finance Authority                                       | CUSIP: 13048VBV9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8347657.60   | 1.45%             | 2036-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dinuba Redevelopment Agency                                                  | Dinuba Redevelopment Agency                                                  | CUSIP: 254479BB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2087121.20   | 0.36%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                       | California Statewide Communities Development Authority                       | CUSIP: 13080SMJ0<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   2725000 | PA      | $2733304.44   | 0.48%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                       | California Statewide Communities Development Authority                       | CUSIP: 13080SGU2<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1875000 | PA      | $1961559.75   | 0.34%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                        | California Infrastructure & Economic Development Bank                        | CUSIP: 13034RAQ6<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1110734.80   | 0.19%             | 2037-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                        | California Infrastructure & Economic Development Bank                        | CUSIP: 13034A2R0<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4999878.50   | 0.87%             | 2050-01-01      | Variable      | 3.65%                 | No            |                  2 | On Loan: No      |
| California State Public Works Board                                          | California State Public Works Board                                          | CUSIP: 13068LNV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4664592.00   | 0.81%             | 2039-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                  | Commonwealth of Puerto Rico                                                  | CUSIP: 74514L3R6<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    526366 | PA      | $304839.71    | 0.05%             | 2033-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                       | California Municipal Finance Authority                                       | CUSIP: 13050RAA0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |  11700000 | PA      | $11588275.53  | 2.02%             | 2029-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                       | California Municipal Finance Authority                                       | CUSIP: 13049YFC0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    400000 | PA      | $454199.80    | 0.08%             | 2031-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Pollution Control Financing Authority                             | California Pollution Control Financing Authority                             | CUSIP: 130536QV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10500000 | PA      | $10349755.50  | 1.80%             | 2025-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Riverside County Transportation Commission                                   | Riverside County Transportation Commission                                   | CUSIP: 76912DAU2<br>LEI: 5493003G0IESJS57M350 | Long             | DBT              | MUN               | US        |   1875000 | PA      | $1906282.69   | 0.33%             | 2037-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Public Finance Authority                                          | California Public Finance Authority                                          | CUSIP: 13057GAB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $448099.20    | 0.08%             | 2046-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                          | State of California                                                          | CUSIP: 13063CC40<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5433803.00   | 0.95%             | 2034-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ripon Unified School District                                                | Ripon Unified School District                                                | CUSIP: 767520JB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    855000 | PA      | $494450.35    | 0.09%             | 2033-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                   | City of Los Angeles Department of Airports                                   | CUSIP: 544445YH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    720000 | PA      | $598207.97    | 0.10%             | 2049-05-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                       | California Municipal Finance Authority                                       | CUSIP: 13048VKZ0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2150000 | PA      | $2159506.87   | 0.38%             | 2039-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                  | Commonwealth of Puerto Rico                                                  | CUSIP: 74514L3M7<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    315541 | PA      | $279220.62    | 0.05%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts/Certificates                               | Tender Option Bond Trust Receipts/Certificates                               | CUSIP: 88035EL35<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 0.17%             | 2044-01-01      | Variable      | 1.76%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                       | California Statewide Communities Development Authority                       | CUSIP: 13078YQE8<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1090914.50   | 0.19%             | 2034-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Travis Unified School District                                               | Travis Unified School District                                               | CUSIP: 894375DN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1069560.20   | 0.19%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Long Beach CA Airport System Revenue                                 | City of Long Beach CA Airport System Revenue                                 | CUSIP: 542403DR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3600000 | PA      | $3925115.28   | 0.68%             | 2047-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                       | California Statewide Communities Development Authority                       | CUSIP: 13080STJ3<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1802736.72   | 0.31%             | 2048-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Golden State Tobacco Securitization Corp                                     | Golden State Tobacco Securitization Corp                                     | CUSIP: 38122NZA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1093587.80   | 0.19%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Guam Government Waterworks Authority                                         | Guam Government Waterworks Authority                                         | CUSIP: 40065FDE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7890000 | PA      | $8085114.97   | 1.41%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Long Beach Bond Finance Authority                                            | Long Beach Bond Finance Authority                                            | CUSIP: 54241AAY9<br>LEI: 549300BKBZ5U7OZH3S21 | Long             | DBT              | MUN               | US        |   3485000 | PA      | $3809925.37   | 0.66%             | 2035-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                       | California Statewide Communities Development Authority                       | CUSIP: 13078YQU2<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1051671.60   | 0.18%             | 2040-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                       | California Statewide Communities Development Authority                       | CUSIP: 13078RGG9<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   5210000 | PA      | $5383230.42   | 0.94%             | 2034-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego Public Facilities Financing Authority                              | San Diego Public Facilities Financing Authority                              | CUSIP: 79730CKP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1015721.50   | 0.18%             | 2045-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Sacramento CA Airport System Revenue                               | County of Sacramento CA Airport System Revenue                               | CUSIP: 786107PE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1435564.76   | 0.25%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pittsburg Successor Agency Redevelopment Agency                              | Pittsburg Successor Agency Redevelopment Agency                              | CUSIP: 86459LBR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1087200.50   | 0.19%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                       | California Statewide Communities Development Authority                       | CUSIP: 13080SWN0<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    475000 | PA      | $473392.70    | 0.08%             | 2039-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Santa Monica-Malibu Unified School District                                  | Santa Monica-Malibu Unified School District                                  | CUSIP: 802498SZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2975000 | PA      | $3061830.43   | 0.53%             | 2038-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                       | California Statewide Communities Development Authority                       | CUSIP: 13078YMG7<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3159984.30   | 0.55%             | 2038-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego Unified School District/CA                                         | San Diego Unified School District/CA                                         | CUSIP: 7973558T4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2120000 | PA      | $2189900.43   | 0.38%             | 2038-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Public Finance Authority                                          | California Public Finance Authority                                          | CUSIP: 13057GAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $266196.37    | 0.05%             | 2036-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Pollution Control Financing Authority                             | California Pollution Control Financing Authority                             | CUSIP: 13054WAP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9250000 | PA      | $9472981.43   | 1.65%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Financing Authority                                     | California Statewide Financing Authority                                     | CUSIP: 130923BH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1579318.87   | 0.27%             | 2043-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                             | California Health Facilities Financing Authority                             | CUSIP: 13032UJD1<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2942776.44   | 0.51%             | 2031-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                       | California Municipal Finance Authority                                       | CUSIP: 13048VWT1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1930000 | PA      | $1730986.70   | 0.30%             | 2046-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Norman Y Mineta San Jose International Airport SJC                           | Norman Y Mineta San Jose International Airport SJC                           | CUSIP: 798136VU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6183540.60   | 1.08%             | 2047-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Joaquin Hills Transportation Corridor Agency                             | San Joaquin Hills Transportation Corridor Agency                             | CUSIP: 798111GH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7800000 | PA      | $8222289.66   | 1.43%             | 2034-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                             | California Health Facilities Financing Authority                             | CUSIP: 13032URP5<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   2785000 | PA      | $2889331.39   | 0.50%             | 2048-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Securitization Authority of Southern California                      | Tobacco Securitization Authority of Southern California                      | CUSIP: 888804CR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5241362.00   | 0.91%             | 2048-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                              | California Community Choice Financing Authority                              | CUSIP: 13013JAN6<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1245000 | PA      | $1272498.69   | 0.22%             | 2031-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                       | California Statewide Communities Development Authority                       | CUSIP: 13080SVL5<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   3825000 | PA      | $3924103.46   | 0.68%             | 2043-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Alameda Unified School District-Alameda County/CA                            | Alameda Unified School District-Alameda County/CA                            | CUSIP: 010824JU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1795000 | PA      | $1918473.92   | 0.33%             | 2032-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Compton Public Finance Authority                                             | Compton Public Finance Authority                                             | CUSIP: 204726AG8<br>LEI: 549300WUETJKEL0LJQ58 | Long             | DBT              | MUN               | US        |   8000000 | PA      | $7944415.20   | 1.38%             | 2032-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority                                        | CSCDA Community Improvement Authority                                        | CUSIP: 126292AB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4412258.00   | 0.77%             | 2054-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                       | California Statewide Communities Development Authority                       | CUSIP: 13080SMH4<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5081133.50   | 0.88%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Long Beach Bond Finance Authority                                            | Long Beach Bond Finance Authority                                            | CUSIP: 54241AAW3<br>LEI: 549300BKBZ5U7OZH3S21 | Long             | DBT              | MUN               | US        |   1010000 | PA      | $1137564.72   | 0.20%             | 2030-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Invesco California AMT-Free Municipal Bond ETF                               | Invesco California AMT-Free Municipal Bond ETF                               | CUSIP: 46138E206<br>LEI: 549300M4U7LQNGAVRJ41 | Long             | EC               | RF                | US        |     12500 | NS      | $310625.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| California Statewide Communities Development Authority                       | California Statewide Communities Development Authority                       | CUSIP: 13078YQD0<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1029080.40   | 0.18%             | 2029-09-02      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Norman Y Mineta San Jose International Airport SJC                           | Norman Y Mineta San Jose International Airport SJC                           | CUSIP: 798136WT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1571680.65   | 0.27%             | 2047-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Public Finance Authority                                          | California Public Finance Authority                                          | CUSIP: 13057GAC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $220561.13    | 0.04%             | 2051-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Francisco CA Public Utilities Commission Water Revenue           | City of San Francisco CA Public Utilities Commission Water Revenue           | CUSIP: 79765RJ34<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1971027.18   | 0.34%             | 2034-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Regents of the University of California Medical Center Pooled Revenue        | Regents of the University of California Medical Center Pooled Revenue        | CUSIP: 913366HH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4540000 | PA      | $4889749.34   | 0.85%             | 2035-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oakland Unified School District/Alameda County                               | Oakland Unified School District/Alameda County                               | CUSIP: 672325H91<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1505000 | PA      | $1554951.70   | 0.27%             | 2037-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Luis Obispo County Financing Authority                                   | San Luis Obispo County Financing Authority                                   | CUSIP: 798693CX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002248.80   | 0.17%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                              | California Community Choice Financing Authority                              | CUSIP: 13013JAX4<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5074183.00   | 0.88%             | 2052-10-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                   | City of Los Angeles Department of Airports                                   | CUSIP: 5444357N4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1549959.60   | 0.27%             | 2036-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                             | California Health Facilities Financing Authority                             | CUSIP: 13032UAN8<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002187.00   | 0.17%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles County Public Works Financing Authority                          | Los Angeles County Public Works Financing Authority                          | CUSIP: 54473ESQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2154249.40   | 0.37%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Transbay Joint Powers Authority                                              | Transbay Joint Powers Authority                                              | CUSIP: 89356CAP1<br>LEI: 549300WC0UP8WU8GYU95 | Long             | DBT              | MUN               | US        |    700000 | PA      | $748798.19    | 0.13%             | 2037-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts/Certificates                               | Tender Option Bond Trust Receipts/Certificates                               | CUSIP: 88034M3A2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6645000 | PA      | $7619381.27   | 1.33%             | 2044-05-15      | Variable      | 8.46%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport | San Francisco City & County Airport Comm-San Francisco International Airport | CUSIP: 79766DFU8<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1085639.30   | 0.19%             | 2031-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tulare County Transportation Authority                                       | Tulare County Transportation Authority                                       | CUSIP: 89915CAM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1023580.30   | 0.18%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                  | Commonwealth of Puerto Rico                                                  | CUSIP: 74514L3F2<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    455531 | PA      | $465997.92    | 0.08%             | 2025-07-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                  | Commonwealth of Puerto Rico                                                  | CUSIP: 74514L3H8<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    444081 | PA      | $472136.53    | 0.08%             | 2029-07-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| San Luis Obispo County Financing Authority                                   | San Luis Obispo County Financing Authority                                   | CUSIP: 798693EB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1057193.00   | 0.18%             | 2037-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Nuveen California AMT-Free Quality Municipal Income Fund                     | Nuveen California AMT-Free Quality Municipal Income Fund                     | CUSIP: 670651868<br>LEI: 5493005SR7RRUAG9VK19 | Long             | DBT              | MUN               | US        |  12000000 | PA      | $12000000.00  | 2.09%             | 2047-10-01      | Variable      | 2.11%                 | No            |                  2 | On Loan: No      |
| Transbay Joint Powers Authority                                              | Transbay Joint Powers Authority                                              | CUSIP: 89356CAG1<br>LEI: 549300WC0UP8WU8GYU95 | Long             | DBT              | MUN               | US        |    400000 | PA      | $450323.16    | 0.08%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                   | City of Los Angeles Department of Airports                                   | CUSIP: 544445NS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1155000 | PA      | $1239377.49   | 0.22%             | 2038-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Golden State Tobacco Securitization Corp                                     | Golden State Tobacco Securitization Corp                                     | CUSIP: 38122ND90<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2126025.00   | 0.37%             | 2051-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                             | California Health Facilities Financing Authority                             | CUSIP: 13032UJG4<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2167650.40   | 0.38%             | 2034-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Merced Union High School District                                            | Merced Union High School District                                            | CUSIP: 587635ET6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3380000 | PA      | $2537123.65   | 0.44%             | 2032-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                   | City of Los Angeles Department of Airports                                   | CUSIP: 544445K40<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3085000 | PA      | $3293824.88   | 0.57%             | 2026-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Securitization Authority of Southern California                      | Tobacco Securitization Authority of Southern California                      | CUSIP: 888804CL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1636837.95   | 0.28%             | 2035-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pittsburg Successor Agency Redevelopment Agency                              | Pittsburg Successor Agency Redevelopment Agency                              | CUSIP: 86459LBQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1086290.70   | 0.19%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Woodland-Davis Clean Water Agency                                            | Woodland-Davis Clean Water Agency                                            | CUSIP: 979585AV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1585428.60   | 0.28%             | 2039-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Educational Facilities Authority                                  | California Educational Facilities Authority                                  | CUSIP: 130179EU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1041703.10   | 0.18%             | 2045-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Escondido Union High School District                                         | Escondido Union High School District                                         | CUSIP: 296353LY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $459671.40    | 0.08%             | 2041-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| University of California                                                     | University of California                                                     | CUSIP: 91412HNT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2402485.40   | 0.42%             | 2037-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                       | California Municipal Finance Authority                                       | CUSIP: 13049YBB6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1059084.90   | 0.18%             | 2033-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts/Certificates                               | Tender Option Bond Trust Receipts/Certificates                               | CUSIP: 88034YTB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3150000 | PA      | $4247159.87   | 0.74%             | 2036-05-15      | Variable      | 8.86%                 | No            |                  2 | On Loan: No      |
| Foothill-Eastern Transportation Corridor Agency                              | Foothill-Eastern Transportation Corridor Agency                              | CUSIP: 345105JH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4869102.50   | 0.85%             | 2046-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Diego County Regional Airport Authority                                  | San Diego County Regional Airport Authority                                  | CUSIP: 79739GGN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5199452.50   | 0.90%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                       | California Municipal Finance Authority                                       | CUSIP: 13049YBC4<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1054838.40   | 0.18%             | 2034-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Irvine CA                                                            | City of Irvine CA                                                            | CUSIP: 46360RE86<br>LEI: 549300PJ9FL2XGFR8J79 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1015234.90   | 0.18%             | 2038-09-02      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Salinas Valley Solid Waste Authority                                         | Salinas Valley Solid Waste Authority                                         | CUSIP: 795036BW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3392508.28   | 0.59%             | 2031-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                       | California Municipal Finance Authority                                       | CUSIP: 13049YBG5<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2075064.20   | 0.36%             | 2038-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport | San Francisco City & County Airport Comm-San Francisco International Airport | CUSIP: 79766DKG3<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1560097.35   | 0.27%             | 2042-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Ramon Valley Fire Protection District                                    | San Ramon Valley Fire Protection District                                    | CUSIP: 799400ED4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    680000 | PA      | $682236.86    | 0.12%             | 2050-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Riverside CA Sewer Revenue                                           | City of Riverside CA Sewer Revenue                                           | CUSIP: 769047HX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4188460.40   | 0.73%             | 2040-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                       | California Statewide Communities Development Authority                       | CUSIP: 13078RHW3<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3109245.00   | 0.54%             | 2036-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                   | City of Los Angeles Department of Airports                                   | CUSIP: 544445JB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1875000 | PA      | $2104813.31   | 0.37%             | 2029-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                   | City of Los Angeles Department of Airports                                   | CUSIP: 544445GY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1570839.15   | 0.27%             | 2048-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sacramento Area Flood Control Agency                                         | Sacramento Area Flood Control Agency                                         | CUSIP: 785840JK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2191231.60   | 0.38%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego County Regional Airport Authority                                  | San Diego County Regional Airport Authority                                  | CUSIP: 79739GLD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2180774.40   | 0.38%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Unified School District/CA                                       | Los Angeles Unified School District/CA                                       | CUSIP: 5446466W7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8125000 | PA      | $8909823.81   | 1.55%             | 2042-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Southern California Public Power Authority                                   | Southern California Public Power Authority                                   | CUSIP: 842471AX2<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |   2725000 | PA      | $2984987.07   | 0.52%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                   | City of Los Angeles Department of Airports                                   | CUSIP: 544445NQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5408062.50   | 0.94%             | 2036-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport | San Francisco City & County Airport Comm-San Francisco International Airport | CUSIP: 79766DLU1<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1098267.60   | 0.19%             | 2034-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                       | California Statewide Communities Development Authority                       | CUSIP: 13078YNV3<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    945000 | PA      | $1002663.24   | 0.17%             | 2039-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                       | California Statewide Communities Development Authority                       | CUSIP: 13078RGJ3<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   3840000 | PA      | $3916567.30   | 0.68%             | 2040-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                       | California Municipal Finance Authority                                       | CUSIP: 13048VBU1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   7550000 | PA      | $8004838.43   | 1.39%             | 2034-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                       | California Statewide Communities Development Authority                       | CUSIP: 13078YPW9<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    900000 | PA      | $952242.39    | 0.17%             | 2039-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indio Redevelopment Agency Successor Agency                                  | Indio Redevelopment Agency Successor Agency                                  | CUSIP: 455719CP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    295000 | PA      | $295953.32    | 0.05%             | 2035-08-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                       | California Statewide Communities Development Authority                       | CUSIP: 13080SMK7<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1620000 | PA      | $1578426.43   | 0.27%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                             | California Health Facilities Financing Authority                             | CUSIP: 13033L8L4<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2081329.00   | 0.36%             | 2035-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Water District of Southern California                           | Metropolitan Water District of Southern California                           | CUSIP: 59266TRP8<br>LEI: 5493003GD0S0P56RLT45 | Long             | DBT              | MUN               | US        |   1410000 | PA      | $1569331.13   | 0.27%             | 2045-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego Association of Governments South Bay Expressway Revenue            | San Diego Association of Governments South Bay Expressway Revenue            | CUSIP: 797257AV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2300000 | PA      | $2484881.82   | 0.43%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southern California Public Power Authority                                   | Southern California Public Power Authority                                   | CUSIP: 842471AW4<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |   2150000 | PA      | $2337726.82   | 0.41%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles County Sanitation Districts Financing Authority                  | Los Angeles County Sanitation Districts Financing Authority                  | CUSIP: 545149JQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4814984.25   | 0.84%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Pollution Control Financing Authority                             | California Pollution Control Financing Authority                             | CUSIP: 130536QT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3600000 | PA      | $3641041.08   | 0.63%             | 2040-07-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                            | California Housing Finance Agency                                            | CUSIP: 13033DAA3<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   8524543 | PA      | $8518382.13   | 1.48%             | 2035-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Port Commission of the City & County of San Francisco                        | Port Commission of the City & County of San Francisco                        | CUSIP: 797679BB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1011694.40   | 0.18%             | 2035-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-28

**Name of Applicant:** Principal Funds, Inc

**Signature:** Megan Hoffmann

**Name of Signer:** /s/ Megan Hoffmann

**Title:** Vice President and Controller