# EDGAR Filing Document

**Accession Number:** 0001282693
**File Stem:** 0001145549-23-006548
**Filing Date:** 2023-2
**Character Count:** 109559
**Document Hash:** 36223748408ff3831e0d91721d50b50e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-006548.hdr.sgml**: 20230215

**ACCESSION NUMBER**: 0001145549-23-006548

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230215

**DATE AS OF CHANGE**: 20230215

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BAIRD FUNDS INC
- **CENTRAL INDEX KEY:** 0001282693
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** WI
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09997
- **FILM NUMBER:** 23634133

**BUSINESS ADDRESS:**
- **STREET 1:** 777 EAST WISCONSIN AVENUE
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202
- **BUSINESS PHONE:** 414-765-3500

**MAIL ADDRESS:**
- **STREET 1:** 777 EAST WISCONSIN AVENUE
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202

## Series and Classes Contracts Data

### Baird Municipal Bond Fund (Series ID: S000067040)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000215710 | Institutional | BMQIX           |
| C000215711 | Investor      | BMQSX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Baird Funds Inc

- **b. Investment Company Act file number:** 811-09997

- **c. CIK number of Registrant:** 0001282693

- **d. LEI of Registrant:** 5493002ENF40J7P07867

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

  - **Street Address 1:** 777 East Wisconsin Avenue

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53202

  - **Telephone number:** 4147653614

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

- **a. Name of Series:** Baird Municipal Bond Fund

- **b. EDGAR series identifier (if any):** S000067040

- **c. LEI of Series:** 549300V76044R7XKPV13

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

- **a. Date of fiscal year-end:** 2022-12-31

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $58457902.76

**Total Liabilities:** $167559.16

**Net Assets:** $58290343.60

**Cash Not Reported:** $2335.48

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 166.200000000000 | **1-Year:** 613.720000000000 | **5-Year:** 3886.360000000000 | **10-Year:** 16266.490000000000 | **30-Year:** 14825.540000000000

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

- **3-Month:** 15.710000000000 | **1-Year:** 123.110000000000 | **5-Year:** 638.850000000000 | **10-Year:** 1249.810000000000 | **30-Year:** 2245.330000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000215710 | -0.81%               | 5.24%                | 0.01%                |
| Class ID C000215711 | -0.83%               | 5.22%                | 0.09%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-110632.09              | $-548806.36                                |
| Month 2  | $-235115.24              | $3067349.22                                |
| Month 3  | $-215742.06              | $141975.38                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| FLORIDA ST DEV FIN CORP EDU RE | Florida Development Finance Corp                                           | CUSIP: 34061VAA4<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    200000 | PA      | $193520.08    | 0.33%             | 2029-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST HSG FIN CORP REVENU | Florida Housing Finance Corp                                               | CUSIP: 34074MSH5<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |     45000 | PA      | $43567.93     | 0.07%             | 2045-01-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| GLENDALE AZ INDL DEV AUTH      | Glendale Industrial Development Authority                                  | CUSIP: 378286KU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $206551.03    | 0.35%             | 2033-07-01      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| GLENDALE AZ MUNI PROPERTY CORP | Glendale Municipal Property Corp                                           | CUSIP: 378294FD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $179993.90    | 0.31%             | 2038-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GOLDEN VLY CA UNIF SCH DIST    | Golden Valley Unified School District                                      | CUSIP: 381303BD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $61895.54     | 0.11%             | 2028-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| GRAND RIVER CO HOSP DIST       | Grand River Hospital District                                              | CUSIP: 386448EJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $81674.72     | 0.14%             | 2031-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| GTR ASHEVILLE REGL ARPT AUTH N | Greater Asheville Regional Airport Authority                               | CUSIP: 39160CAM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $376280.94    | 0.65%             | 2038-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| GTR ASHEVILLE REGL ARPT AUTH N | Greater Asheville Regional Airport Authority                               | CUSIP: 39160CAS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $531361.70    | 0.91%             | 2047-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GULFGATE REDEV AUTH TX TAX INC | Gulfgate Redevelopment Authority                                           | CUSIP: 40263QAL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $175299.56    | 0.30%             | 2031-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GULFPORT MS HOSP FAC REVENUE   | City of Gulfport MS                                                        | CUSIP: 402682CL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $104011.55    | 0.18%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY-HOUSTON TX SPORTSA | Harris County-Houston Sports Authority                                     | CUSIP: 413890FX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $444895.85    | 0.76%             | 2025-11-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX CULTURAL EDU FA | Harris County Cultural Education Facilities Finance Corp                   | CUSIP: 414009MR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $39735.40     | 0.07%             | 2049-12-01      | Floating      | 4.23%                 | No            |                  2 | On Loan: No      |
| HAWTHORNE CA SCH DIST          | Hawthorne School District/CA                                               | CUSIP: 420524NS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $268463.03    | 0.46%             | 2042-08-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| HEBER SPRINGS AR SALES & USE T | City of Heber Springs AR Sales & Use Tax                                   | CUSIP: 422503CJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $190284.09    | 0.33%             | 2047-06-01      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| HENDERSON KY EXEMPT FACS REVEN | City of Henderson KY                                                       | CUSIP: 425099AC2<br>LEI: 549300UJ32J1O26W1T80 | Long             | DBT              | MUN               | US        |    200000 | PA      | $190266.82    | 0.33%             | 2032-01-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| HOFFMAN ESTATES IL PARK DIST   | Hoffman Estates Park District                                              | CUSIP: 434462PE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $196060.92    | 0.34%             | 2044-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON NY LOCAL DEV CORP R | Huntington Local Development Corp                                          | CUSIP: 446490AS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $236680.35    | 0.41%             | 2027-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| IDAHO ST HSG & FIN ASSN NONPRO | Idaho Housing & Finance Association                                        | CUSIP: 45129GGZ2<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |    500000 | PA      | $368332.00    | 0.63%             | 2042-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH REVENUE   | Illinois Finance Authority                                                 | CUSIP: 45203H5E8<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |     60000 | PA      | $60035.47     | 0.10%             | 2037-11-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH REVENUE   | Illinois Finance Authority                                                 | CUSIP: 45204EFB9<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    400000 | PA      | $421570.28    | 0.72%             | 2036-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST SPORTS FACS AUTH   | Illinois Sports Facilities Authority/The                                   | CUSIP: 452143FT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $507674.45    | 0.87%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                    | State of Illinois                                                          | CUSIP: 452153AF6<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    200000 | PA      | $206420.78    | 0.35%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST TOLL HIGHWAY AUTH  | Illinois State Toll Highway Authority                                      | CUSIP: 452252PQ6<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |    515000 | PA      | $542747.69    | 0.93%             | 2045-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST HLTH & EDUCTNL FAC  | Indiana Health & Educational Facilities Financing Authority                | CUSIP: 454795FH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $101290.54    | 0.17%             | 2046-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA FIN AUTH WTR UTILITY R | Indiana Finance Authority                                                  | CUSIP: 45505KCT5<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    250000 | PA      | $229435.95    | 0.39%             | 2052-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LOVE FIELD TX ARPT MODERNIZATI | Love Field Airport Modernization Corp                                      | CUSIP: 54714CCB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $483393.90    | 0.83%             | 2035-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LOWER AL GAS DIST GAS PROJ REV | Lower Alabama Gas District/The                                             | CUSIP: 547804AM6<br>LEI: 549300YTI1NTDG2OVU42 | Long             | DBT              | MUN               | US        |    175000 | PA      | $173616.29    | 0.30%             | 2050-12-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| MACON CNTY IL SCH DIST #61     | Macon County School District No 61 Decatur                                 | CUSIP: 555597JC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $260816.33    | 0.45%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAGNOLIA TX SPL ASSMNT REVENUE | City of Magnolia TX                                                        | CUSIP: 559687AA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $47376.34     | 0.08%             | 2046-09-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC GA | Main Street Natural Gas Inc                                                | CUSIP: 56035DDP4<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    400000 | PA      | $376072.84    | 0.65%             | 2052-08-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| MAINE HLTH & HGR EDUCTNL FACS  | Maine Health & Higher Educational Facilities Authority                     | CUSIP: 56042RVW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $633285.84    | 1.09%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MANDAN ND PARK FACS SALES TAX  | City of Mandan ND Sales Tax Revenue                                        | CUSIP: 56257PAN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $177914.42    | 0.31%             | 2036-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MARTIN CNTY TX HOSP DIST       | Martin County Hospital District                                            | CUSIP: 57325VAV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $451870.97    | 0.78%             | 2036-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST CMNTY DEV ADMIN DE | Maryland Community Development Administration                              | CUSIP: 57419TWD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $397197.64    | 0.68%             | 2046-03-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST ECON DEV CORP ECON | Maryland Economic Development Corp                                         | CUSIP: 57420NBX8<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |    500000 | PA      | $529665.30    | 0.91%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST HLTH & HGR EDUCTNL | Maryland Health & Higher Educational Facilities Authority                  | CUSIP: 57421CBS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $106022.32    | 0.18%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST EDUCTNL FING  | Massachusetts Educational Financing Authority                              | CUSIP: 57563RSJ9<br>LEI: 5493007K5OP7V6CL0Y88 | Long             | DBT              | MUN               | US        |    400000 | PA      | $331431.00    | 0.57%             | 2037-07-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R | Massachusetts Development Finance Agency                                   | CUSIP: 57584XZL8<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    150000 | PA      | $151082.55    | 0.26%             | 2024-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R | Massachusetts Development Finance Agency                                   | CUSIP: 57584YD89<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |     50000 | PA      | $51271.82     | 0.09%             | 2025-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MATAGORDA CNTY TX NAV DIST #1  | Matagorda County Navigation District No 1                                  | CUSIP: 576528CY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $71868.10     | 0.12%             | 2030-05-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| MAYERS CA MEMORIAL HOSP DIST   | Mayers Memorial Hospital District                                          | CUSIP: 578037AG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $119024.45    | 0.20%             | 2029-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| MAYERS CA MEMORIAL HOSP DIST   | Mayers Memorial Hospital District                                          | CUSIP: 578037AH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    360000 | PA      | $255898.62    | 0.44%             | 2030-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| MCKEESPORT PA AREA SCH DIST    | Mckeesport Area School District                                            | CUSIP: 581408RX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $257648.28    | 0.44%             | 2033-10-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| MET PIER & EXPOSITION AUTH IL  | Metropolitan Pier & Exposition Authority                                   | CUSIP: 592247GA2<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |    100000 | PA      | $77516.24     | 0.13%             | 2029-06-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| MET PIER & EXPOSITION AUTH IL  | Metropolitan Pier & Exposition Authority                                   | CUSIP: 592247K58<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |    500000 | PA      | $291665.25    | 0.50%             | 2034-12-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| MET WASHINGTON DC ARPTS AUTH D | Metropolitan Washington Airports Authority Dulles Toll Road Revenue        | CUSIP: 592643AW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $146284.70    | 0.25%             | 2028-10-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FL SCH BRD COP | School Board of Miami-Dade County/The                                      | CUSIP: 59333MT88<br>LEI: 549300J3U4QVT6U3O129 | Long             | DBT              | MUN               | US        |    500000 | PA      | $529748.15    | 0.91%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST FIN AUTH REVENUE   | Michigan Finance Authority                                                 | CUSIP: 59447PYU9<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    300000 | PA      | $299318.01    | 0.51%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST STRATEGIC FUND LTD | Michigan Strategic Fund                                                    | CUSIP: 594698QE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $415380.56    | 0.71%             | 2028-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST STRATEGIC FUND LTD | Michigan Strategic Fund                                                    | CUSIP: 594698QT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    305000 | PA      | $299247.61    | 0.51%             | 2043-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MIDDLETOWN NY CITY SCH DIST    | Middletown City School District/NY                                         | CUSIP: 597103VS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $104477.26    | 0.18%             | 2034-06-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MN HLTH CARE SYS R | City of Minneapolis MN                                                     | CUSIP: 60374VEJ8<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |    150000 | PA      | $150000.00    | 0.26%             | 2048-11-15      | Variable      | 3.15%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HGR EDU FACS AUTH | Minnesota Higher Education Facilities Authority                            | CUSIP: 60416JGC8<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |    105000 | PA      | $101294.58    | 0.17%             | 2040-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY       | Minnesota Housing Finance Agency                                           | CUSIP: 60416SB66<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |    185000 | PA      | $186363.21    | 0.32%             | 2049-01-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI ST DEV BANK SPL OB | Mississippi Development Bank                                               | CUSIP: 60534WRD2<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |    100000 | PA      | $104439.33    | 0.18%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI ST DEV BANK SPL OB | Mississippi Development Bank                                               | CUSIP: 60534WYD4<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |    150000 | PA      | $156455.27    | 0.27%             | 2045-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HLTH & EDUCTNL FAC | Health & Educational Facilities Authority of the State of Missouri         | CUSIP: 60637ARW4<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |    360000 | PA      | $393105.82    | 0.67%             | 2033-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HLTH & EDUCTNL FAC | Health & Educational Facilities Authority of the State of Missouri         | CUSIP: 60637ATW2<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |    150000 | PA      | $146342.28    | 0.25%             | 2025-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federated Institutional Tax-Fr | Federated Institutional Tax-Free Cash Trust                                | CUSIP: 60934N666<br>LEI: 254900WXT2EYU7K33C03 | Long             | STIV             | RF                | US        |    731157 | NS      | $731156.61    | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| MONROE CNTY NY INDL DEV AGY MF | Monroe County Industrial Development Corp                                  | CUSIP: 610758AA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $538334.55    | 0.92%             | 2040-11-01      | Fixed         | 4.84%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY CNTY OH HOSP REVENU | County of Montgomery OH                                                    | CUSIP: 613520MY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $90249.99     | 0.15%             | 2034-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MORONGO CA UNIF SCH DIST       | Morongo Unified School District                                            | CUSIP: 617736JQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $120222.51    | 0.21%             | 2041-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| MOUNT PLEASANT WI TAX INCR REV | Village of Mount Pleasant WI                                               | CUSIP: 622823AU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $155281.79    | 0.27%             | 2048-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH MUNI CTFS | New Hampshire Business Finance Authority                                   | CUSIP: 63607WAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    496906 | PA      | $479820.42    | 0.82%             | 2036-09-20      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH RE | New Jersey Economic Development Authority                                  | CUSIP: 64577BJ39<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    500000 | PA      | $530159.00    | 0.91%             | 2026-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HSG & MTGE FIN A | New Jersey Housing & Mortgage Finance Agency                               | CUSIP: 646127FF2<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |    500000 | PA      | $491103.10    | 0.84%             | 2063-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                    | City of New York NY                                                        | CUSIP: 64966QG79<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    250000 | PA      | $234177.80    | 0.40%             | 2046-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY HSG DEV CORP  | New York City Housing Development Corp                                     | CUSIP: 64966TFG4<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |    500000 | PA      | $485105.10    | 0.83%             | 2048-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY INDL DEV AGY  | New York City Industrial Development Agency                                | CUSIP: 64971PFA8<br>LEI: 549300XR20ZR5DHL9534 | Long             | DBT              | MUN               | US        |    100000 | PA      | $101603.75    | 0.17%             | 2025-03-01      | Floating      | 7.98%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL  | New York City Transitional Finance Authority Future Tax Secured Revenue    | CUSIP: 64971XKK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $317193.60    | 0.54%             | 2038-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL  | New York City Transitional Finance Authority Building Aid Revenue          | CUSIP: 64972H3H3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $145114.59    | 0.25%             | 2040-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH SALES TA | New York State Dormitory Authority                                         | CUSIP: 64990AQN8<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    250000 | PA      | $261801.55    | 0.45%             | 2048-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST URBAN DEV CORP REV | New York State Urban Development Corp                                      | CUSIP: 650036CD6<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |    500000 | PA      | $476048.00    | 0.82%             | 2042-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEWPORT MESA CA UNIF SCH DIST  | Newport Mesa Unified School District                                       | CUSIP: 652113WS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $42607.60     | 0.07%             | 2042-08-01      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| NORMAN OK REGL HOSP AUTH HOSP  | Norman Regional Hospital Authority                                         | CUSIP: 656178DP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $253137.25    | 0.43%             | 2037-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORMAN OK REGL HOSP AUTH HOSP  | Norman Regional Hospital Authority                                         | CUSIP: 656178EF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25391.12     | 0.04%             | 2037-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST MED CARE COM | North Carolina Medical Care Commission                                     | CUSIP: 65820YQK5<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    250000 | PA      | $235783.30    | 0.40%             | 2049-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N TX TOLLWAY AUTH REVENUE      | North Texas Tollway Authority                                              | CUSIP: 66285WJ80<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |    200000 | PA      | $195677.64    | 0.34%             | 2040-01-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| N W HARRIS CNTY TX MUNI UTILIT | Northwest Harris County Municipal Utility District No 5/TX                 | CUSIP: 667488QZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $336886.80    | 0.58%             | 2028-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| OAK PARK CA UNIF SCH DIST      | Oak Park Unified School District                                           | CUSIP: 671556LJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $62563.28     | 0.11%             | 2038-08-01      | Fixed         | 7.10%                 | No            |                  2 | On Loan: No      |
| OHIO ST AIR QUALITY DEV AUTH   | Ohio Air Quality Development Authority                                     | CUSIP: 677525WU7<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |    500000 | PA      | $498011.80    | 0.85%             | 2030-09-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST HGR EDUCTNL FAC COMMIS | Ohio Higher Educational Facility Commission                                | CUSIP: 67756AYH9<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |    170000 | PA      | $174524.50    | 0.30%             | 2023-12-01      | Floating      | 9.66%                 | No            |                  2 | On Loan: No      |
| OHIO ST HSG FIN AGY RSDL MTGE  | Ohio Housing Finance Agency                                                | CUSIP: 67756QD20<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |    800000 | PA      | $698942.72    | 1.20%             | 2045-09-01      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| OHIO ST HSG FIN AGY RSDL MTGE  | Ohio Housing Finance Agency                                                | CUSIP: 67756QD46<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |     55000 | PA      | $54737.06     | 0.09%             | 2050-09-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| OHIO ST TURNPIKE COMMISSION    | Ohio Turnpike & Infrastructure Commission                                  | CUSIP: 67760HKR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $105205.63    | 0.18%             | 2034-02-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| ONONDAGA NY CIVIC DEV CORP     | Onondaga Civic Development Corp                                            | CUSIP: 682832DK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100339.29    | 0.17%             | 2023-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ORANGE CNTY FL HLTH FACS AUTH  | Orange County Health Facilities Authority                                  | CUSIP: 68450LCZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $203401.28    | 0.35%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ORANGE CNTY FL TOURIST DEV TAX | Orange County Convention Center/Orlando                                    | CUSIP: 684545ZX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $152610.11    | 0.26%             | 2034-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PALM BEACH CNTY FL HLTH FACS A | Palm Beach County Health Facilities Authority                              | CUSIP: 696507TS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $200040.46    | 0.34%             | 2023-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PALMYRA-EAGLE WI AREA SCH DIST | Palmyra-Eagle Area School District/WI                                      | CUSIP: 697165EL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $71652.98     | 0.12%             | 2025-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PATRIOTS ENERGY GROUP FING AGY | Patriots Energy Group Financing Agency                                     | CUSIP: 70342PAK0<br>LEI: 5493008X0DFBVFH4HL19 | Long             | DBT              | MUN               | US        |     65000 | PA      | $64942.61     | 0.11%             | 2048-10-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| PEND OREILLE CNTY WA PUBLIC UT | Pend Oreille County Public Utility District No 1 Box Canyon                | CUSIP: 706643DS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $154066.37    | 0.26%             | 2038-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST ECON DEV FING  | Pennsylvania Economic Development Financing Authority                      | CUSIP: 70868YAY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $527672.15    | 0.91%             | 2061-06-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST ECON DEV FING  | Pennsylvania Economic Development Financing Authority                      | CUSIP: 70869PHX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $299951.10    | 0.51%             | 2042-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST HGR EDUCTNL FA | Pennsylvania Higher Educational Facilities Authority                       | CUSIP: 70917SXN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $26204.23     | 0.04%             | 2031-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST HGR EDUCTNL FA | Pennsylvania Higher Educational Facilities Authority                       | CUSIP: 709181CA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $144072.15    | 0.25%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TURNPIKE COMMI | Pennsylvania Turnpike Commission Oil Franchise Tax Revenue                 | CUSIP: 709221VF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $41588.95     | 0.07%             | 2048-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TURNPIKE COMMI | Pennsylvania Turnpike Commission                                           | CUSIP: 709224DQ9<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |     75000 | PA      | $73211.47     | 0.13%             | 2040-12-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA AUTH FOR INDL  | Philadelphia Authority for Industrial Development                          | CUSIP: 71780CBN9<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |    340000 | PA      | $328321.24    | 0.56%             | 2032-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA AUTH FOR INDL  | Philadelphia Authority for Industrial Development                          | CUSIP: 71780TBL6<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |    250000 | PA      | $261620.58    | 0.45%             | 2052-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA                | City of Philadelphia PA                                                    | CUSIP: 717813TE9<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |    500000 | PA      | $538735.75    | 0.92%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PIMA CNTY AZ INDL DEV AUTH EDU | Industrial Development Authority of the County of Pima/The                 | CUSIP: 72177MSJ7<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |     25000 | PA      | $24662.70     | 0.04%             | 2029-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PORT AUTH OF GTR CINCINNATI DE | Port of Greater Cincinnati Development Authority                           | CUSIP: 73357CAA7<br>LEI: 549300IK2RCZBY62ST97 | Long             | DBT              | MUN               | US        |    100000 | PA      | $99489.18     | 0.17%             | 2023-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PORT BEAUMONT TX NAV DIST DOCK | Port Beaumont Navigation District                                          | CUSIP: 73360CAD6<br>LEI: 549300G8PKBXALUKJY33 | Long             | DBT              | MUN               | US        |    500000 | PA      | $359278.60    | 0.62%             | 2050-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PORT OF SEATTLE WA REVENUE     | Port of Seattle WA                                                         | CUSIP: 735389Q43<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |    300000 | PA      | $292986.66    | 0.50%             | 2036-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PORT OF SEATTLE WA REVENUE     | Port of Seattle WA                                                         | CUSIP: 735389W38<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |    250000 | PA      | $266776.08    | 0.46%             | 2047-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PROVIDENCE RI REDEV AGY REVENU | Providence Redevelopment Agency                                            | CUSIP: 743940CY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    410000 | PA      | $419941.72    | 0.72%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PUBLIC ENERGY AUTH | Kentucky Public Energy Authority                                           | CUSIP: 74440DCD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $49487.04     | 0.08%             | 2049-12-01      | Floating      | 4.05%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI HOSP REVENU | Public Finance Authority                                                   | CUSIP: 74442CBY9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    250000 | PA      | $254034.10    | 0.44%             | 2044-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE     | Public Finance Authority                                                   | CUSIP: 74442PML6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |     75000 | PA      | $75221.85     | 0.13%             | 2023-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE     | Public Finance Authority                                                   | CUSIP: 74442PQS7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    130000 | PA      | $120255.02    | 0.21%             | 2029-01-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| PUEBLO CO URBAN RENEWAL AUTH T | Pueblo Urban Renewal Authority                                             | CUSIP: 744826AX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $168651.72    | 0.29%             | 2025-12-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FING COR | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                     | CUSIP: 74529JPW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $265184.16    | 0.45%             | 2053-07-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| RAMAPO NY                      | Town of Ramapo NY                                                          | CUSIP: 751396Z39<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $45140.30     | 0.08%             | 2030-03-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| RAPID CITY SD ARPT REVENUE     | City of Rapid City SD Airport Revenue                                      | CUSIP: 753350BJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $227995.77    | 0.39%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RAPID CITY SD ARPT REVENUE     | City of Rapid City SD Airport Revenue                                      | CUSIP: 753350BN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $118584.29    | 0.20%             | 2035-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| READING PA SCH DIST            | Reading School District                                                    | CUSIP: 755638QJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $79473.60     | 0.14%             | 2029-01-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| REGL CO TRANSPRTN DIST PRIV AC | Regional Transportation District                                           | CUSIP: 759151BV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $99612.99     | 0.17%             | 2039-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND ST TURNPIKE & BRI | Rhode Island Turnpike & Bridge Authority                                   | CUSIP: 762322BR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $125872.89    | 0.22%             | 2036-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| RIDLEY PA SCH DIST             | Ridley School District                                                     | CUSIP: 766357LM7<br>LEI: 549300YUHUQO2URNGZ44 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100831.45    | 0.17%             | 2036-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ROSEVILLE MN INDEP SCH DIST #6 | Roseville Independent School District No 623                               | CUSIP: 778103AL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $202522.80    | 0.35%             | 2032-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SAINT JOSEPH CNTY IN ARPT AUTH | St Joseph County Airport Authority                                         | CUSIP: 790606FG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $126939.65    | 0.22%             | 2028-07-01      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| SAINT LOUIS MO ARPT REVENUE    | City of St Louis MO Airport Revenue                                        | CUSIP: 791638H69<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $316194.33    | 0.54%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAINT LOUIS MO LAND CLEARANCER | St Louis Land Clearance for Redevelopment Authority                        | CUSIP: 79165YAB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $114389.06    | 0.20%             | 2035-10-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| SAINT PAUL MN HSG & REDEV AUTH | Housing & Redevelopment Authority of The City of St Paul Minnesota         | CUSIP: 792893HX0<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |    150000 | PA      | $150771.56    | 0.26%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SALEM OR HOSP FAC AUTH REVENUE | Salem Hospital Facility Authority                                          | CUSIP: 794458FP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $53875.41     | 0.09%             | 2034-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAYRE PA HLTH CARE FACS AUTH   | Health Care Facilities Authority of Sayre                                  | CUSIP: 805777JA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $161050.07    | 0.28%             | 2031-12-01      | Floating      | 4.02%                 | No            |                  2 | On Loan: No      |
| SCAGO SC EDUCTNL FACS CORP FOR | Scago Educational Facilities Corp for Spartanburg School District No 1     | CUSIP: 80585FBT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $98698.83     | 0.17%             | 2030-06-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| SCHENECTADY CNTY NY CAPITAL RE | Schenectady County Capital Resource Corp                                   | CUSIP: 806418BF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $375005.12    | 0.64%             | 2052-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SOLANO CNTY CA CMNTY CLG DIST  | Solano County Community College District                                   | CUSIP: 83412PEK4<br>LEI: 549300P3BIFQULH2R110 | Long             | DBT              | MUN               | US        |    150000 | PA      | $151047.48    | 0.26%             | 2030-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST JOBS-ECON DE | South Carolina Jobs-Economic Development Authority                         | CUSIP: 83704AAC6<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    100000 | PA      | $99624.53     | 0.17%             | 2030-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST JOBS-ECON DE | South Carolina Jobs-Economic Development Authority                         | CUSIP: 83704AAE2<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    150000 | PA      | $156139.46    | 0.27%             | 2033-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| S JERSEY NJ TRANSPRTN AUTH TRA | South Jersey Transportation Authority                                      | CUSIP: 838536MQ0<br>LEI: 549300W8SZI2CAOKT956 | Long             | DBT              | MUN               | US        |    500000 | PA      | $522438.55    | 0.90%             | 2052-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTH AL COMMO | Southeast Energy Authority A Cooperative District                          | CUSIP: 84136FBB2<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |    250000 | PA      | $256627.85    | 0.44%             | 2053-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTH AL COMMO | Southeast Energy Authority A Cooperative District                          | CUSIP: 84136FBL0<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |    250000 | PA      | $264650.10    | 0.45%             | 2053-01-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| SPARKS NV TOURISM IMPT DIST #1 | City of Sparks NV                                                          | CUSIP: 846562AC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $24245.54     | 0.04%             | 2024-06-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| SPARTANBURG CNTY SC SCH DIST # | Spartanburg County School District No 7                                    | CUSIP: 847082KY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $163912.79    | 0.28%             | 2037-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAINT LOUIS MO LAND CLEARANCE  | St Louis Land Clearance for Redevelopment Authority                        | CUSIP: 85233SAJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $105583.04    | 0.18%             | 2026-06-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| STATE PUBLIC SCH BLDG AUTH PA  | State Public School Building Authority                                     | CUSIP: 85732TFT4<br>LEI: 5493006JN0UR7OGWTO86 | Long             | DBT              | MUN               | US        |    200000 | PA      | $152835.52    | 0.26%             | 2030-05-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| STRATFORD CT                   | Town of Stratford CT                                                       | CUSIP: 862812AP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $396161.96    | 0.68%             | 2038-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TARRANT CNTY TX CULTURAL EDU F | Tarrant County Cultural Education Facilities Finance Corp                  | CUSIP: 87638RJT5<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |    150000 | PA      | $143668.82    | 0.25%             | 2025-11-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| TENNESSEE HSG DEV AGY RSDL FIN | Tennessee Housing Development Agency                                       | CUSIP: 880461VX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $211198.09    | 0.36%             | 2043-07-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| TEXAS ST MUNI GAS ACQUISITION  | Texas Municipal Gas Acquisition and Supply Corp II                         | CUSIP: 88255QAC3<br>LEI: 8E22IH4TQD26WYDGHB25 | Long             | DBT              | MUN               | US        |    220000 | PA      | $217177.29    | 0.37%             | 2027-09-15      | Floating      | 4.07%                 | No            |                  2 | On Loan: No      |
| TEXAS ST MUNI GAS ACQUISITION  | Texas Municipal Gas Acquisition and Supply Corp I                          | CUSIP: 88256CEX3<br>LEI: 6AZ7FRSNC3ZFPM0Z8L86 | Long             | DBT              | MUN               | US        |     65000 | PA      | $68423.97     | 0.12%             | 2026-12-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| TOM GREEN CNTY TX              | County of Tom Green TX                                                     | CUSIP: 889642GH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $195296.50    | 0.34%             | 2038-02-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| TRIBOROUGH NY BRIDGE & TUNNEL  | Triborough Bridge & Tunnel Authority                                       | CUSIP: 89602HEM5<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |    500000 | PA      | $505773.75    | 0.87%             | 2047-05-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| TULSA OK INDL AUTH             | Tulsa Industrial Authority                                                 | CUSIP: 899676MT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25033.28     | 0.04%             | 2023-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ABILENE TX CONVENTION CENTER H | Abilene Convention Center Hotel Development Corp                           | CUSIP: 00344PAB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $166650.13    | 0.29%             | 2050-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AKRON BATH COPLEY JT TWP OH HO | Akron Bath Copley Joint Township Hospital District                         | CUSIP: 009730PN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $107918.54    | 0.19%             | 2031-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALABAMA ST CORRS INSTN FIN AUT | Alabama Corrections Institution Finance Authority                          | CUSIP: 010507CG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $550728.45    | 0.94%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALBANY CNTY NY CAPITAL RESOURC | Albany County Capital Resource Corp                                        | CUSIP: 012125AB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $86473.51     | 0.15%             | 2030-07-01      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| ALLEGHENY CNTY PA ARPT AUTH AR | Allegheny County Airport Authority                                         | CUSIP: 01728LGJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $422854.80    | 0.73%             | 2056-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ALVIN TX WTRWKS & SWR REVENUE  | City of Alvin TX Water & Sewer System Revenue                              | CUSIP: 022483QJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $303697.61    | 0.52%             | 2042-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AMHERST NY INDL DEV AGY MF HSG | Amherst Industrial Development Agency                                      | CUSIP: 031370AA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $403363.16    | 0.69%             | 2026-04-01      | Variable      | 3.90%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH EDU R | Arizona Industrial Development Authority                                   | CUSIP: 04052BFR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $98925.69     | 0.17%             | 2032-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH EDU R | Arizona Industrial Development Authority                                   | CUSIP: 04052BKB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $98355.85     | 0.17%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TX HGR EDU FIN CORP  | Arlington Higher Education Finance Corp                                    | CUSIP: 041806H45<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    440000 | PA      | $438060.04    | 0.75%             | 2036-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TX HGR EDU FIN CORP  | Arlington Higher Education Finance Corp                                    | CUSIP: 041806UY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $127564.84    | 0.22%             | 2033-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA URBAN RSDL FIN AUTH | Atlanta Urban Residential Finance Authority                                | CUSIP: 04785TJN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $195744.96    | 0.34%             | 2025-09-01      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| ATLANTIC CITY NJ BRD OF EDU    | Atlantic City Board of Education                                           | CUSIP: 048342GB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $84070.29     | 0.14%             | 2024-08-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| AUSTIN-BERGSTROM LANDHOST ENTE | Austin-Bergstrom Landhost Enterprises Inc                                  | CUSIP: 052193AV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $103571.70    | 0.18%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BATESVILLE AR PUBLIC FACS BRD  | Batesville Public Facilities Board                                         | CUSIP: 070668AF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $156075.24    | 0.27%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BIRMINGHAM AL SPL CARE FACS FI | Alabama Special Care Facilities Financing Authority-Birmingham AL          | CUSIP: 090929GE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $115378.73    | 0.20%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALG | Black Belt Energy Gas District                                             | CUSIP: 09182RAR2<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |     45000 | PA      | $44504.06     | 0.08%             | 2049-12-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST AL  | Black Belt Energy Gas District                                             | CUSIP: 09182TBL0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    500000 | PA      | $525218.35    | 0.90%             | 2053-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| BLUFFTON OH HOSP FACS REVENUE  | Village of Bluffton OH                                                     | CUSIP: 096391AM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $201913.32    | 0.35%             | 2032-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BOYS TOWN VLG NE REVENUE       | Village of Boys Town NE                                                    | CUSIP: 103627AA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100076.33    | 0.17%             | 2028-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BRAZORIA CNTY TX TOLL ROAD AUT | Brazoria County Toll Road Authority                                        | CUSIP: 106134AL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $50831.98     | 0.09%             | 2038-03-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| BRAZOS TX HGR EDU AUTH STUDENT | Brazos Higher Education Authority Inc                                      | CUSIP: 10623ABU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $4963.05      | 0.01%             | 2040-04-01      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| BREA CA REDEV AGY SUCCESSOR AG | Brea Redevelopment Agency                                                  | CUSIP: 106293CB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $149830.79    | 0.26%             | 2036-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| BREVARD CNTY FL HLTH FACS AUTH | Brevard County Health Facilities Authority                                 | CUSIP: 107416QP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $759680.18    | 1.30%             | 2052-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BROOKHAVEN NY LOCAL DEV CORP R | Brookhaven Local Development Corp                                          | CUSIP: 113168BM9<br>LEI: 549300384JET720NAQ98 | Long             | DBT              | MUN               | US        |    145000 | PA      | $134162.18    | 0.23%             | 2025-11-01      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| BROWNSVILLE TX UTILITY SYS REV | City of Brownsville TX Utilities System Revenue                            | CUSIP: 1164753G7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $169270.32    | 0.29%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BUCKEYE OH TOBACCO SETTLEMENT  | Buckeye Tobacco Settlement Financing Authority                             | CUSIP: 118217CZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $434000.25    | 0.74%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BURKE CNTY GA DEV AUTH POLL CO | Development Authority of Burke County/The                                  | CUSIP: 121342NL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $325347.15    | 0.56%             | 2052-01-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| BURKE CNTY GA DEV AUTH POLL CO | Development Authority of Burke County/The                                  | CUSIP: 121342QC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $205610.13    | 0.35%             | 2032-10-01      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST CMNTY CLG FING A | California Community College Financing Authority                           | CUSIP: 13012TAG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $328613.67    | 0.56%             | 2060-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA PUBLIC FIN AUTH SEN | California Public Finance Authority                                        | CUSIP: 13057GAF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $68757.74     | 0.12%             | 2028-11-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STWD CMNTYS DEV AUT | California Statewide Communities Development Authority                     | CUSIP: 13080SYS7<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500385.20    | 0.86%             | 2036-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CARBON CNTY WY SPECIFIC PURPOS | Carbon County Specific Purpose Tax Joint Powers Board                      | CUSIP: 141036AQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $102753.37    | 0.18%             | 2025-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHATTANOOGA TN HLTH EDUCTNL &H | Chattanooga Health Educational & Housing Facility Board                    | CUSIP: 162410EE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $264939.10    | 0.45%             | 2033-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHESTER CNTY PA INDL DEV AUTHS | Chester County Industrial Development Authority                            | CUSIP: 16559PAS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $131311.08    | 0.23%             | 2035-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL                     | City of Chicago IL                                                         | CUSIP: 167484QY3<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |    175000 | PA      | $113539.04    | 0.19%             | 2033-01-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL                     | City of Chicago IL                                                         | CUSIP: 167484SS4<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |    100000 | PA      | $85658.33     | 0.15%             | 2027-01-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL                     | City of Chicago IL                                                         | CUSIP: 167486SW0<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |    270000 | PA      | $271644.57    | 0.47%             | 2028-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU          | Chicago Board of Education                                                 | CUSIP: 167501WF8<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |     60000 | PA      | $61926.97     | 0.11%             | 2026-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL MIDWAY ARPT REVENUE | Chicago Midway International Airport                                       | CUSIP: 167562QG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    365000 | PA      | $377213.56    | 0.65%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL O'HARE INTERNATIONA | Chicago O'Hare International Airport                                       | CUSIP: 167593LR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $150674.31    | 0.26%             | 2038-01-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL O'HARE INTERNATIONA | Chicago O'Hare International Airport                                       | CUSIP: 167593Y48<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $261649.13    | 0.45%             | 2055-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CHILTON CNTY AL HLTH CARE AUTH | Chilton County Health Care Authority                                       | CUSIP: 169309AM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $96823.49     | 0.17%             | 2027-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CIVICVENTURES AK               | CIVICVentures/AK                                                           | CUSIP: 178860BQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $204457.24    | 0.35%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLACKAMAS CNTY OR HOSP FAC AUT | Clackamas County Hospital Facility Authority                               | CUSIP: 179027XN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $164324.82    | 0.28%             | 2024-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLACKAMAS OR CMNTY CLG DIST    | Clackamas Community College District                                       | CUSIP: 179390NM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $107066.07    | 0.18%             | 2038-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CUYAHOGA CNTY OH POR | Cleveland-Cuyahoga County Port Authority                                   | CUSIP: 186103LS4<br>LEI: 549300KI3FXFLUKF3A98 | Long             | DBT              | MUN               | US        |    350000 | PA      | $374602.20    | 0.64%             | 2052-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CLIFTON TX HGR EDU FIN CORP ED | Clifton Higher Education Finance Corp                                      | CUSIP: 187145DQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10095.71     | 0.02%             | 2038-08-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| COATESVILLE PA AREA SCH DIST   | Coatesville School District                                                | CUSIP: 190684QF0<br>LEI: 549300FB4I8E5MPRFX97 | Long             | DBT              | MUN               | US        |    250000 | PA      | $250236.28    | 0.43%             | 2023-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COBB CNTY GA DEV AUTH REVENUE  | Development Authority of Cobb County/The                                   | CUSIP: 190806EE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245000 | PA      | $253734.23    | 0.44%             | 2049-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COFFEYVILLE KS ELEC SYS REVENU | City of Coffeyville KS Electric System Revenue                             | CUSIP: 192288GH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100529.86    | 0.17%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST EDUCTNL & CULTURAL | Colorado Educational & Cultural Facilities Authority                       | CUSIP: 19645R8B0<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |     75000 | PA      | $76381.96     | 0.13%             | 2038-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO EDUCTNL & CULTURAL AU | Colorado Educational & Cultural Facilities Authority                       | CUSIP: 19645UDV3<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |    100000 | PA      | $89824.81     | 0.15%             | 2030-09-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST COPS               | State of Colorado                                                          | CUSIP: 196711TZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    415000 | PA      | $422416.71    | 0.72%             | 2036-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST WTR RESOURCES & PW | Colorado Water Resources & Power Development Authority                     | CUSIP: 19679RSF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $204497.18    | 0.35%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HGR EDU SUPPLEM | Connecticut State Higher Education Supplement Loan Authority               | CUSIP: 207743VZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $152050.95    | 0.26%             | 2035-11-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HLTH & EDUCTNL  | Connecticut State Health & Educational Facilities Authority                | CUSIP: 20775DQT2<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |     30000 | PA      | $28059.86     | 0.05%             | 2031-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| COOK CNTY IL CMNTY CLG DIST #5 | Cook County Community College District No 508                              | CUSIP: 213187CB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $402853.56    | 0.69%             | 2026-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| COOK CNTY IL CMNTY CLG DIST #5 | Cook County Community College District No 508                              | CUSIP: 213187CD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $75452.08     | 0.13%             | 2028-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CORALVILLE IA COPS             | City of Coralville IA                                                      | CUSIP: 218086CD6<br>LEI: 549300UKC7MMW46X6P25 | Long             | DBT              | MUN               | US        |    100000 | PA      | $99673.33     | 0.17%             | 2025-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CRESTWOOD VLG IL               | Village of Crestwood IL                                                    | CUSIP: 226405BV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $102055.44    | 0.18%             | 2027-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DENVER CO CITY & CNTY DEDICATE | City & County of Denver CO Dedicated Excise Tax Revenue                    | CUSIP: 24917DBJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    365000 | PA      | $380077.38    | 0.65%             | 2041-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| E HEMPFIELD TWP PA INDL DEV AU | East Hempfield Township Industrial Development Authority                   | CUSIP: 273007CH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $417094.24    | 0.72%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ECHO EXCEPTIONAL CHILDREN HAVE | Exceptional Children Have Opportunities                                    | CUSIP: 27878FAP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $153847.94    | 0.26%             | 2035-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| EL RANCHO CA UNIF SCH DIST     | El Rancho Unified School District                                          | CUSIP: 283839VQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $132325.69    | 0.23%             | 2031-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| FAR NORTH FORT WORTH MUNI UTIL | Far North Fort Worth Municipal Utility District No 1                       | CUSIP: 30734CCP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $343421.12    | 0.59%             | 2037-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FARMVILLE VA INDL DEV AUTH FAC | Farmville Industrial Development Authority                                 | CUSIP: 311617BF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $156762.63    | 0.27%             | 2053-07-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MTGE CORP MU | Freddie Mac Multifamily Variable Rate Certificate                          | CUSIP: 3137H9JM2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | MUN               | US        |    748495 | PA      | $642850.76    | 1.10%             | 2036-07-25      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| FLINT MI HOSP BLDG AUTH RENTAL | Flint Hospital Building Authority                                          | CUSIP: 339510BQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20103.73     | 0.03%             | 2023-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST DEV FIN CORP EDUCTN | Florida Development Finance Corp                                           | CUSIP: 34061UHZ4<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    100000 | PA      | $75616.97     | 0.13%             | 2051-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST DEV FIN CORP EDUCTN | Florida Development Finance Corp                                           | CUSIP: 34061ULF3<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    455000 | PA      | $430036.06    | 0.74%             | 2032-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH POLL CONTR | Indiana Finance Authority                                                  | CUSIP: 45505VAE6<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    100000 | PA      | $85207.41     | 0.15%             | 2030-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| IOWA ST HGR EDU LOAN AUTH REVE | Iowa Higher Education Loan Authority                                       | CUSIP: 46247DAF4<br>LEI: 549300DWVTM3KRNR0M36 | Long             | DBT              | MUN               | US        |    500000 | PA      | $506930.55    | 0.87%             | 2052-10-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| IOWA ST FIN AUTH REVENUE       | Iowa Finance Authority                                                     | CUSIP: 46247SCY8<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    250000 | PA      | $239627.18    | 0.41%             | 2032-01-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| JACKSONVILLE AL ST UNIV REVENU | Jacksonville State University                                              | CUSIP: 469205KK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $538999.10    | 0.92%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JOLIET IL PARK DIST            | Joliet Park District                                                       | CUSIP: 479772JH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100096.79    | 0.17%             | 2033-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| KANSAS CITY MO SPL OBLG        | City of Kansas City MO                                                     | CUSIP: 485106DW5<br>LEI: 549300EGAE3I3XU7XE19 | Long             | DBT              | MUN               | US        |    160000 | PA      | $128233.36    | 0.22%             | 2029-02-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| KENDALL KANE & WILL CNTYS IL C | Kendall Kane & Will Counties Community Unit School District No 308         | CUSIP: 488764YP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $235110.32    | 0.40%             | 2028-02-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST ECON DEV FIN AUTH  | Kentucky Economic Development Finance Authority                            | CUSIP: 49126PEQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $190499.94    | 0.33%             | 2045-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST ECON DEV FIN AUTH  | Kentucky Economic Development Finance Authority                            | CUSIP: 49126PEX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $95535.26     | 0.16%             | 2031-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST ECON DEV FIN AUTH  | Kentucky Economic Development Finance Authority                            | CUSIP: 49126VCJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $75635.59     | 0.13%             | 2027-10-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| KING CNTY WA HSG AUTH          | King County Housing Authority                                              | CUSIP: 494759PW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $203456.76    | 0.35%             | 2036-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LAFAYETTE CNTY MS              | County of Lafayette MS                                                     | CUSIP: 506120JJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $136279.60    | 0.23%             | 2028-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LANCASTER CNTY PA HOSP AUTH    | Lancaster County Hospital Authority/PA                                     | CUSIP: 514045W33<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $287164.60    | 0.49%             | 2040-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ALAMITOS CA UNIF SCH DIST  | Los Alamitos Unified School District                                       | CUSIP: 544204DW7<br>LEI: 549300YJXGV6HPEZKU12 | Long             | DBT              | MUN               | US        |    195000 | PA      | $199127.74    | 0.34%             | 2042-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF ARPTS A | City of Los Angeles Department of Airports                                 | CUSIP: 544445GR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $534278.95    | 0.92%             | 2033-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CNTY CA SCHS REGIO | Los Angeles County Schools Regionalized Business Services Corp             | CUSIP: 545152HQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    285000 | PA      | $222792.08    | 0.38%             | 2029-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| UNIV WEST FL FNDTN INC FL DORM | University of West Florida                                                 | CUSIP: 915241AT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $50379.94     | 0.09%             | 2034-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UPPER IL RIVER VLY DEV AUTH    | Upper Illinois River Valley Development Authority                          | CUSIP: 91588XAG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $170545.90    | 0.29%             | 2045-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VAUXMONT MET DIST CO           | Vauxmont Metropolitan District                                             | CUSIP: 92242SAM5<br>LEI: 549300M7XL6MB0OW8D56 | Long             | DBT              | MUN               | US        |     25000 | PA      | $26760.29     | 0.05%             | 2032-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VAUXMONT MET DIST CO           | Vauxmont Metropolitan District                                             | CUSIP: 92242SAN3<br>LEI: 549300M7XL6MB0OW8D56 | Long             | DBT              | MUN               | US        |    150000 | PA      | $123360.12    | 0.21%             | 2050-12-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| VIRIDIAN TX MUNI MGMT DIST ASS | Viridian Municipal Management District                                     | CUSIP: 92823UAX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $382759.69    | 0.66%             | 2049-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| WARD CNTY ND HLTH CARE FACS RE | County of Ward ND                                                          | CUSIP: 934023ER9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $285075.69    | 0.49%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WARREN CNTY OH PORT AUTH SPL O | Warren County Port Authority                                               | CUSIP: 935163BN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $77769.29     | 0.13%             | 2053-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HLTH CARE FACS A | Washington Health Care Facilities Authority                                | CUSIP: 93978HME2<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |    300000 | PA      | $305585.25    | 0.52%             | 2038-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HLTH CARE FACS A | Washington Health Care Facilities Authority                                | CUSIP: 93978HMK8<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |     90000 | PA      | $90391.99     | 0.16%             | 2035-01-01      | Floating      | 5.06%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HLTH CARE FACS A | Washington Health Care Facilities Authority                                | CUSIP: 93978HTQ8<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |    300000 | PA      | $312169.74    | 0.54%             | 2037-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HLTH CARE FACS A | Washington Health Care Facilities Authority                                | CUSIP: 93978HWL5<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |    250000 | PA      | $244003.25    | 0.42%             | 2049-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HSG FIN COMMISSI | Washington State Housing Finance Commission                                | CUSIP: 93978TS59<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    488589 | PA      | $430444.75    | 0.74%             | 2035-12-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| WAUSHARA CNTY WI               | County of Waushara WI                                                      | CUSIP: 943445CH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $515334.90    | 0.88%             | 2027-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| WEBER BASIN UT WTR CONSERVANCY | Weber Basin Water Conservancy District                                     | CUSIP: 947628FY4<br>LEI: 549300FO1ZUV2HMQR857 | Long             | DBT              | MUN               | US        |    205000 | PA      | $219234.73    | 0.38%             | 2050-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WESTCHESTER CNTY NY LOCAL DEV  | Westchester County Local Development Corp                                  | CUSIP: 95737TEY8<br>LEI: 549300KOSU8OC75V9238 | Long             | DBT              | MUN               | US        |    150000 | PA      | $144240.39    | 0.25%             | 2026-07-01      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| WILCOX CNTY AL BRD OF EDU CAPI | Wilcox County Board of Education                                           | CUSIP: 968027ET5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $128083.38    | 0.22%             | 2031-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WILL CNTY IL CMNTY HIGH SCH DI | Will County Community High School District No 210 Lincoln-Way              | CUSIP: 969073KV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $82563.84     | 0.14%             | 2027-01-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| WILL CNTY IL CMNTY HIGH SCH DI | Will County Community High School District No 210 Lincoln-Way              | CUSIP: 969073MT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $101433.77    | 0.17%             | 2034-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WILLINGBORO TWP NJ             | Township of Willingboro NJ                                                 | CUSIP: 970582MK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $187800.64    | 0.32%             | 2033-09-01      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| WILLISTON ND PARKS & REC DIST  | Williston Parks & Recreation District                                      | CUSIP: 97072CAM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $48768.42     | 0.08%             | 2025-03-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| WINNEBAGO & BOONE CNTYS IL CMN | Winnebago & Boone Counties Community High School District No 207 Hononegah | CUSIP: 974374GX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $216006.71    | 0.37%             | 2036-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WINSTON-SALEM ST UNIV NC LIMIT | Winston-Salem State University                                             | CUSIP: 975705AS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $48935.40     | 0.08%             | 2032-06-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HSG & ECON DEV AU | Wisconsin Housing & Economic Development Authority                         | CUSIP: 97689REJ9<br>LEI: 549300AT0SEG8YQT2K79 | Long             | DBT              | MUN               | US        |     50000 | PA      | $47600.32     | 0.08%             | 2025-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HLTH & EDUCTNL FA | Wisconsin Health & Educational Facilities Authority                        | CUSIP: 97712DGR1<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    300000 | PA      | $298457.55    | 0.51%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HLTH & EDUCTNL FA | Wisconsin Health & Educational Facilities Authority                        | CUSIP: 97712JGT4<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    250000 | PA      | $267439.78    | 0.46%             | 2052-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| WOODBURY HEIGHTS NJ            | Borough of Woodbury Heights NJ                                             | CUSIP: 979098DT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20017.10     | 0.03%             | 2024-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WYANDOTTE CNTY/KANSAS CITY KS  | Wyandotte County-Kansas City Unified Government                            | CUSIP: 98267LAT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $106449.58    | 0.18%             | 2027-12-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| YAMHILL CNTY OR HOSP AUTH      | Yamhill County Hospital Authority                                          | CUSIP: 98464UBB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $132837.31    | 0.23%             | 2026-11-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-25

**Name of Applicant:** Baird Funds Inc

**Signature:** Baird Funds Inc

**Name of Signer:** Peter Hammond

**Title:** Vice President