# EDGAR Filing Document

**Accession Number:** 0001089951
**File Stem:** 0001752724-25-212675
**Filing Date:** 2025-8
**Character Count:** 92289
**Document Hash:** b0603dc6e63dcf5a2573de519fbcdf9d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-212675.hdr.sgml**: 20250829

**ACCESSION NUMBER**: 0001752724-25-212675

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250829

**DATE AS OF CHANGE**: 20250829

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AMG FUNDS
- **CENTRAL INDEX KEY:** 0001089951

**ORGANIZATION NAME:**
- **EIN:** 061555943
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09521
- **FILM NUMBER:** 251278622

**BUSINESS ADDRESS:**
- **STREET 1:** 680 WASHINGTON BOULEVARD, SUITE 500
- **CITY:** STAMFORD
- **STATE:** CT
- **ZIP:** 06901
- **BUSINESS PHONE:** 2032993500

**MAIL ADDRESS:**
- **STREET 1:** 680 WASHINGTON BOULEVARD, SUITE 500
- **CITY:** STAMFORD
- **STATE:** CT
- **ZIP:** 06901

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MANAGERS AMG FUNDS
- **DATE OF NAME CHANGE:** 19990706

## Series and Classes Contracts Data

### AMG GW&K Municipal Bond Fund (Series ID: S000025838)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000077267 | Class I      | GWMIX           |
| C000077269 | Class N      | GWMTX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** AMG Funds

- **b. Investment Company Act file number:** 811-09521

- **c. CIK number of Registrant:** 0001089951

- **d. LEI of Registrant:** 54930020IDQ6ZIPGNH13

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

  - **Street Address 1:** 680 Washington Blvd.

  - **City:** Stamford

  - **State:** CT

  - **Foreign country:** US

  - **Zip / Postal Code:** 06901

  - **Telephone number:** 800-548-4539

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

- **a. Name of Series:** AMG GW&K Municipal Bond Fund

- **b. EDGAR series identifier (if any):** S000025838

- **c. LEI of Series:** 549300R5U7D7XZM6CN52

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-06-30

**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:** $941503789.15

**Total Liabilities:** $13359160.35

**Net Assets:** $928144628.80

**Delayed Delivery Securities:** $12821870.80

**Cash Not Reported:** $300.10

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 655.32418000 | **1-Year:** 15087.80650000 | **5-Year:** 225277.14945000 | **10-Year:** 433488.70095000 | **30-Year:** 12994.29054000

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

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000077267 | -0.47%               | 0.07%                | 0.88%                |
| Class ID C000077269 | -0.59%               | 0.05%                | 0.95%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1960015.22             | $-5598114.24                               |
| Month 2  | $-1183983.08             | $-224416.59                                |
| Month 3  | $-847388.15              | $6927962.47                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| VIRGINIA ST SMALL BUSINESS FIN    | Virginia Small Business Financing Authority                                  | CUSIP: 928104NV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2850049.50   | 0.31%             | 2037-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND ST HLTH & EDUCTNL    | Rhode Island Health and Educational Building Corp                            | CUSIP: 762244MH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5175000 | PA      | $5168092.41   | 0.56%             | 2049-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| INTERMOUNTAIN PWR AGY UT PWR S    | Intermountain Power Agency                                                   | CUSIP: 45884AA78<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5250000 | PA      | $5629276.80   | 0.61%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF WTR & P    | Los Angeles Department of Water & Power                                      | CUSIP: 544532QB3<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   3550000 | PA      | $3896756.90   | 0.42%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ST PARKWAYS AUTH    | West Virginia Parkways Authority                                             | CUSIP: 956510BT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5150000 | PA      | $5413900.94   | 0.58%             | 2039-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA                  | District of Columbia                                                         | CUSIP: 25476FWV6<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   5080000 | PA      | $5371053.52   | 0.58%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST TURNPIKE AUT    | North Carolina Turnpike Authority                                            | CUSIP: 65830RDA4<br>LEI: 549300FCT1PN0GJGQ240 | Long             | DBT              | MUN               | US        |   9000000 | PA      | $9011970.00   | 0.97%             | 2058-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA ST TURNPIKE AUTH         | Oklahoma Turnpike Authority                                                  | CUSIP: 679111F66<br>LEI: 549300J83EP2PBDYH615 | Long             | DBT              | MUN               | US        |   2650000 | PA      | $2859043.66   | 0.31%             | 2039-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SYS REVENUE       | City of Houston TX Airport System Revenue                                    | CUSIP: 442349FQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1087772.73   | 0.12%             | 2035-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA ST TURNPIKE AUTH         | Oklahoma Turnpike Authority                                                  | CUSIP: 679111F74<br>LEI: 549300J83EP2PBDYH615 | Long             | DBT              | MUN               | US        |   2115000 | PA      | $2251602.77   | 0.24%             | 2040-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH REVENUE       | Indiana Finance Authority                                                    | CUSIP: 45506EFA6<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5499233.50   | 0.59%             | 2032-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH RE    | New Jersey Economic Development Authority                                    | CUSIP: 64577XEZ5<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2180347.40   | 0.23%             | 2037-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST     | New Jersey Transportation Trust Fund Authority                               | CUSIP: 6461368B0<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   6255000 | PA      | $6814629.22   | 0.73%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST TOLL HIGHWAY AUTH     | Illinois State Toll Highway Authority                                        | CUSIP: 452252NF2<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5352639.50   | 0.58%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RICHLAND CNTY SC SCH DIST #2      | Richland County School District No 2/SC                                      | CUSIP: 763682S28<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10080000 | PA      | $7259397.26   | 0.78%             | 2039-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FL EDUCTNL FAC    | Miami-Dade County Educational Facilities Authority                           | CUSIP: 59333APJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5604653.50   | 0.60%             | 2036-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TX ELEC & GAS REVE    | City of San Antonio TX Electric & Gas Systems Revenue                        | CUSIP: 79625GDR1<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |   2985000 | PA      | $3133666.43   | 0.34%             | 2038-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH ST PERSO    | New York State Dormitory Authority                                           | CUSIP: 64990F6L3<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   9340000 | PA      | $9843928.49   | 1.06%             | 2041-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET TRANSPRTN AUTH NY REVENUE     | Metropolitan Transportation Authority                                        | CUSIP: 59261AWY9<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   7475000 | PA      | $7830611.91   | 0.84%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST URBAN DEV CORP REV    | Empire State Development Corp                                                | CUSIP: 650036BT2<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5446243.50   | 0.59%             | 2032-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PROPERTY & BLDGS C    | Kentucky State Property & Building Commission                                | CUSIP: 49151F5T3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6310000 | PA      | $7114943.98   | 0.77%             | 2034-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST ECON DEV FING     | Pennsylvania Economic Development Financing Authority                        | CUSIP: 70868YAV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6183394.80   | 0.67%             | 2048-06-30      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL TRANSIT AUTH SALES     | Chicago Transit Authority Sales Tax Receipts Fund                            | CUSIP: 16772PEN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5084739.00   | 0.55%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST HSG FIN AGY SF    | Pennsylvania Housing Finance Agency                                          | CUSIP: 70879QXT5<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |   6500000 | PA      | $6236249.50   | 0.67%             | 2044-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                       | City of New York NY                                                          | CUSIP: 64966Q3R9<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5562272.00   | 0.60%             | 2034-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL O'HARE INTERNATIONA    | Chicago O'Hare International Airport                                         | CUSIP: 167593K84<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10050000 | PA      | $10214303.43  | 1.10%             | 2036-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA ST GRANT ANTICIPATIO    | State of Louisiana                                                           | CUSIP: 54641CAL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2121490.00   | 0.23%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST TRANSPRTN COMMISSION     | Central Texas Turnpike System                                                | CUSIP: 88283KCG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1564186.80   | 0.17%             | 2041-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TURNPIKE AUTH TU    | New Jersey Turnpike Authority                                                | CUSIP: 646140JQ7<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   2890000 | PA      | $3245848.30   | 0.35%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST     | New Jersey Transportation Trust Fund Authority                               | CUSIP: 6461368C8<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   7615000 | PA      | $8378426.60   | 0.90%             | 2031-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY AZ INDL DEV AUTH    | Maricopa County Industrial Development Authority                             | CUSIP: 56678PCH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1031059.10   | 0.11%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX                        | City of Houston TX                                                           | CUSIP: 442332DY5<br>LEI: 549300C64URYS0WQQY42 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2109171.80   | 0.23%             | 2040-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST TRANSPRTN COMMISSION     | Central Texas Turnpike System                                                | CUSIP: 88283KCH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1034265.50   | 0.11%             | 2042-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY CITY TRANSITIONAL     | New York City Transitional Finance Authority                                 | CUSIP: 64972JJU3<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2187878.40   | 0.24%             | 2037-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP    | New York Transportation Development Corp                                     | CUSIP: 650110AD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1264058.70   | 0.14%             | 2046-10-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TX ELEC & GAS REVE    | City of San Antonio TX Electric & Gas Systems Revenue                        | CUSIP: 79625GLL5<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |   6455000 | PA      | $6947193.75   | 0.75%             | 2039-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH REVENUES    | New York State Dormitory Authority                                           | CUSIP: 65000BNC8<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1919120.60   | 0.21%             | 2039-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TX ELEC & GAS REVE    | City of San Antonio TX Electric & Gas Systems Revenue                        | CUSIP: 79625GGH0<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3324578.40   | 0.36%             | 2035-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL TRANSIT AUTH SALES     | Chicago Transit Authority Sales Tax Receipts Fund                            | CUSIP: 16772PEM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3064244.10   | 0.33%             | 2043-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALLEGHENY CNTY PA ARPT AUTH AR    | Allegheny County Airport Authority                                           | CUSIP: 01728LEW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2215000 | PA      | $2352281.93   | 0.25%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF WTR & P    | Los Angeles Department of Water & Power                                      | CUSIP: 544532PZ1<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   2955000 | PA      | $3211071.44   | 0.35%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N TX TOLLWAY AUTH REVENUE         | North Texas Tollway Authority                                                | CUSIP: 66285WS64<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |   7735000 | PA      | $8599442.72   | 0.93%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CALIF CITY &CNTY    | San Francisco City & County Airport Comm-San Francisco International Airport | CUSIP: 79766DLU1<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   5010000 | PA      | $5197010.78   | 0.56%             | 2034-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH ST PERSO    | New York State Dormitory Authority                                           | CUSIP: 64990F6K5<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   5250000 | PA      | $5586510.83   | 0.60%             | 2040-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA HOSPS & HGR ED    | Hospitals & Higher Education Facilities Authority of Philadelphia/The        | CUSIP: 717825QB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2405919.50   | 0.26%             | 2038-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP    | New York Transportation Development Corp                                     | CUSIP: 650116EL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1186802.98   | 0.13%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TURNPIKE AUTH TU    | New Jersey Turnpike Authority                                                | CUSIP: 646140JR5<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1127271.30   | 0.12%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FL AVIATION RE    | County of Miami-Dade FL Aviation Revenue                                     | CUSIP: 59333P7M4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5331932.50   | 0.57%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TX ELEC & GAS REVE    | City of San Antonio TX Electric & Gas Systems Revenue                        | CUSIP: 79625GDQ3<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |   3010000 | PA      | $3187275.15   | 0.34%             | 2037-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R    | Massachusetts Development Finance Agency                                     | CUSIP: 57584Y4S5<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   4250000 | PA      | $4208274.78   | 0.45%             | 2048-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP    | New York Transportation Development Corp                                     | CUSIP: 650116EK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1083048.10   | 0.12%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST PUBLIC SVC A    | South Carolina Public Service Authority                                      | CUSIP: 8371514R7<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2333645.55   | 0.25%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH ST PERSO    | New York State Dormitory Authority                                           | CUSIP: 64990FW26<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2222239.60   | 0.24%             | 2033-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV    | Colorado Health Facilities Authority                                         | CUSIP: 19648FKK9<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   4260000 | PA      | $4468846.93   | 0.48%             | 2033-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOWER COLORADO RIVER TX AUTH R    | Lower Colorado River Authority                                               | CUSIP: 54811GQ78<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |   2300000 | PA      | $2530794.65   | 0.27%             | 2031-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF WTR & P    | Los Angeles Department of Water & Power                                      | CUSIP: 544532PQ1<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1301591.75   | 0.14%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HLTH & EDUCTNL     | Connecticut State Health & Educational Facilities Authority                  | CUSIP: 20775DPE6<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   3100000 | PA      | $3305283.55   | 0.36%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST TRANSPRTN COMMISSION     | Central Texas Turnpike System                                                | CUSIP: 88283KCE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2649671.75   | 0.29%             | 2039-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ORANGE CNTY FL HLTH FACS AUTH     | Orange County Health Facilities Authority                                    | CUSIP: 68450LEF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4525000 | PA      | $4593037.45   | 0.49%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNION CNTY NC ENTERPRISE SYS R    | County of Union NC Enterprise System Revenue                                 | CUSIP: 906400GA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3350000 | PA      | $2381410.15   | 0.26%             | 2040-06-01      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH RE    | California Municipal Finance Authority                                       | CUSIP: 13048TR21<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    900000 | PA      | $914355.00    | 0.10%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST HSG DEV AUTH SF MT    | Michigan State Housing Development Authority                                 | CUSIP: 594654C60<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2981352.30   | 0.32%             | 2045-12-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ST HOSP FIN AUTH    | West Virginia Hospital Finance Authority                                     | CUSIP: 956622W83<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5250000 | PA      | $5621080.50   | 0.61%             | 2048-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY CITY TRANSITIONAL     | New York City Transitional Finance Authority                                 | CUSIP: 64972JJW9<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4285434.00   | 0.46%             | 2039-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST     | New Jersey Transportation Trust Fund Authority                               | CUSIP: 6461368E4<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6499895.40   | 0.70%             | 2033-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GREAT LAKES MI WTR AUTH SEWAGE    | Great Lakes Water Authority Sewage Disposal System Revenue                   | CUSIP: 39081HGT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $11339833.00  | 1.22%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA DEV FIN CORP HLTHCAREF    | Florida Development Finance Corp                                             | CUSIP: 34061QAZ0<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10038450.00  | 1.08%             | 2033-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CALIF CITY &CNTY    | San Francisco City & County Airport Comm-San Francisco International Airport | CUSIP: 79766DLV9<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   5800000 | PA      | $5990313.66   | 0.65%             | 2035-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                       | City of New York NY                                                          | CUSIP: 64966SGZ3<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5334536.00   | 0.57%             | 2040-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N TX TOLLWAY AUTH REVENUE         | North Texas Tollway Authority                                                | CUSIP: 66285WJ56<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4842427.05   | 0.52%             | 2038-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH RE    | New Jersey Economic Development Authority                                    | CUSIP: 64577XEA0<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7342661.20   | 0.79%             | 2040-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TEXAS ST TRANSPRTN COMMISSION     | Central Texas Turnpike System                                                | CUSIP: 88283KCF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1578627.30   | 0.17%             | 2040-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST                           | State of Ohio                                                                | CUSIP: 677522RD8<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5191644.50   | 0.56%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INTERMOUNTAIN PWR AGY UT PWR S    | Intermountain Power Agency                                                   | CUSIP: 45884AE82<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3789913.05   | 0.41%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL     | New York City Transitional Finance Authority Future Tax Secured Revenue      | CUSIP: 64971XT99<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4231928.00   | 0.46%             | 2039-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GREAT LAKES MI WTR AUTH SEWAGE    | Great Lakes Water Authority Sewage Disposal System Revenue                   | CUSIP: 39081HGU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8936756.80   | 0.96%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH ST PERSO    | New York State Dormitory Authority                                           | CUSIP: 64990FHX5<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   7670000 | PA      | $8131095.86   | 0.88%             | 2031-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP    | New York Transportation Development Corp                                     | CUSIP: 650116GY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3098977.50   | 0.33%             | 2054-06-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| S JERSEY NJ TRANSPRTN AUTH TRA    | South Jersey Transportation Authority                                        | CUSIP: 838536MM9<br>LEI: 549300W8SZI2CAOKT956 | Long             | DBT              | MUN               | US        |   2615000 | PA      | $2672911.27   | 0.29%             | 2041-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ST PARKWAYS AUTH    | West Virginia Parkways Authority                                             | CUSIP: 956510BR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1867457.90   | 0.20%             | 2037-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOWER COLORADO RIVER TX AUTH R    | Lower Colorado River Authority                                               | CUSIP: 54811GQ86<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2217793.20   | 0.24%             | 2032-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLUMBUS OH REGL ARPT AUTH REV    | Columbus Regional Airport Authority                                          | CUSIP: 199546CQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1395547.01   | 0.15%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                       | City of New York NY                                                          | CUSIP: 64966QPW4<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3492835.13   | 0.38%             | 2034-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNION CNTY NC ENTERPRISE SYS R    | County of Union NC Enterprise System Revenue                                 | CUSIP: 906400FU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3300000 | PA      | $2671882.62   | 0.29%             | 2034-06-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| CORPUS CHRISTI TX UTILITY SYSR    | City of Corpus Christi TX Utility System Revenue                             | CUSIP: 220245D43<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3125000 | PA      | $3309701.56   | 0.36%             | 2029-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP    | New York Transportation Development Corp                                     | CUSIP: 650116EN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1068252.00   | 0.12%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                       | City of New York NY                                                          | CUSIP: 64966QWH9<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   6500000 | PA      | $7103157.75   | 0.77%             | 2033-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PROPERTY & BLDGS C    | Kentucky State Property & Building Commission                                | CUSIP: 49151F5B2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7750000 | PA      | $8237761.75   | 0.89%             | 2040-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IOWA ST FIN AUTH REVENUE          | Iowa Finance Authority                                                       | CUSIP: 46246K4E9<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |  10025000 | PA      | $10423168.94  | 1.12%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST PUBLIC SVC A    | South Carolina Public Service Authority                                      | CUSIP: 8371514T3<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   3725000 | PA      | $3808624.02   | 0.41%             | 2043-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET TRANSPRTN AUTH NY REVENUE     | Metropolitan Transportation Authority                                        | CUSIP: 59261A4U8<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   7460000 | PA      | $8048646.22   | 0.87%             | 2037-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PROSPER TX INDEP SCH DIST         | Prosper Independent School District                                          | CUSIP: 743600V62<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5155000 | PA      | $4056094.22   | 0.44%             | 2035-02-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| ESCAMBIA CNTY FL HLTH FACS AUT    | Escambia County Health Facilities Authority                                  | CUSIP: 296110FZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6174618.60   | 0.67%             | 2037-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LAMAR TX CONSOL INDEP SCH DIST    | Lamar Consolidated Independent School District                               | CUSIP: 513174G63<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7965000 | PA      | $8850966.86   | 0.95%             | 2034-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH DAKOTA ST HSG FIN AGY       | North Dakota Housing Finance Agency                                          | CUSIP: 65889BCD4<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2984215.50   | 0.32%             | 2045-07-01      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| LEE CNTY FL INDL DEV AUTH HOSP    | Lee County Industrial Development Authority/FL                               | CUSIP: 52350LAH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3145000 | PA      | $3276432.07   | 0.35%             | 2034-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R    | Massachusetts Development Finance Agency                                     | CUSIP: 57585BER5<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1870000 | PA      | $1943096.99   | 0.21%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA                   | City of Philadelphia PA                                                      | CUSIP: 717813D22<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2240814.80   | 0.24%             | 2035-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST     | New Jersey Transportation Trust Fund Authority                               | CUSIP: 64613CGB8<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2094229.40   | 0.23%             | 2040-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST PRIV ACTIVITY BOND SU    | Texas Private Activity Bond Surface Transportation Corp                      | CUSIP: 882667CL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1026003.40   | 0.11%             | 2042-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HLTH & EDUCTNL     | Connecticut State Health & Educational Facilities Authority                  | CUSIP: 20775DPD8<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2951505.70   | 0.32%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNION CNTY NC ENTERPRISE SYS R    | County of Union NC Enterprise System Revenue                                 | CUSIP: 906400FW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4315000 | PA      | $3320716.13   | 0.36%             | 2036-06-01      | Fixed         | 1.85%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PROPERTY & BLDGS C    | Kentucky State Property & Building Commission                                | CUSIP: 49151F3W8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2237273.60   | 0.24%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PROSPER TX INDEP SCH DIST         | Prosper Independent School District                                          | CUSIP: 743600V54<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3565000 | PA      | $2889333.04   | 0.31%             | 2034-02-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                       | State of Illinois                                                            | CUSIP: 452153KC2<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2032876.40   | 0.22%             | 2045-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| UNION CNTY NC ENTERPRISE SYS R    | County of Union NC Enterprise System Revenue                                 | CUSIP: 906400FV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4225000 | PA      | $3317344.52   | 0.36%             | 2035-06-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R    | Massachusetts Development Finance Agency                                     | CUSIP: 57585BES3<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   2095000 | PA      | $2155554.93   | 0.23%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA STADIUM & EXPOSITION    | Louisiana Stadium & Exposition District                                      | CUSIP: 546410CT6<br>LEI: 5493000QEHWDGVGH7J62 | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2879706.78   | 0.31%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LONG ISLAND NY PWR AUTH ELEC S    | Long Island Power Authority                                                  | CUSIP: 542691BR0<br>LEI: 1R46U5SYJ63KQXF39168 | Long             | DBT              | MUN               | US        |   5030000 | PA      | $5271055.21   | 0.57%             | 2035-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND STADIUM AUTH BUILT TO    | Maryland Stadium Authority                                                   | CUSIP: 574294CL6<br>LEI: 549300VA283TTQRDNF71 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2666997.50   | 0.29%             | 2040-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH REVENUE      | Illinois Finance Authority                                                   | CUSIP: 45204FJL0<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   5910000 | PA      | $5635037.84   | 0.61%             | 2037-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL MET WTR RECLAMATION    | Metropolitan Water Reclamation District of Greater Chicago                   | CUSIP: 167560XD8<br>LEI: 254900GOGQEZEWCZ4D37 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5357063.50   | 0.58%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST PRIV ACTIVITY BOND SU    | Texas Private Activity Bond Surface Transportation Corp                      | CUSIP: 882667AW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4827861.50   | 0.52%             | 2037-12-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL O'HARE INTERNATIONA    | Chicago O'Hare International Airport                                         | CUSIP: 1675934M1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2085874.20   | 0.22%             | 2041-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST ECON DEV FING     | Pennsylvania Economic Development Financing Authority                        | CUSIP: 70868YAL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3221832.60   | 0.35%             | 2035-06-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MARYLAND STADIUM AUTH SPORTS E    | Maryland Stadium Authority Sports Entertainment Facilities Revenue           | CUSIP: 57430ABR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3320000 | PA      | $3629843.32   | 0.39%             | 2037-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST PRIV ACTIVITY BOND SU    | Texas Private Activity Bond Surface Transportation Corp                      | CUSIP: 882667CK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1031870.20   | 0.11%             | 2041-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HLTH & EDUCTNL     | Connecticut State Health & Educational Facilities Authority                  | CUSIP: 20775DPB2<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   6205000 | PA      | $6668330.45   | 0.72%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R    | Massachusetts Development Finance Agency                                     | CUSIP: 57585BKG2<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1490000 | PA      | $1509280.30   | 0.16%             | 2045-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                       | State of Illinois                                                            | CUSIP: 452153FA2<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10696883.00  | 1.15%             | 2034-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST ECON DEV FING     | Pennsylvania Economic Development Financing Authority                        | CUSIP: 70870JHP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1020000 | PA      | $1065710.08   | 0.11%             | 2039-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX TOLL ROAD REVEN    | County of Harris TX Toll Road Revenue                                        | CUSIP: 41423PDP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4406000.40   | 0.47%             | 2036-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST SMALL BUSINESS FIN    | Virginia Small Business Financing Authority                                  | CUSIP: 928104NW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2816739.00   | 0.30%             | 2038-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL O'HARE INTERNATIONA    | Chicago O'Hare International Airport                                         | CUSIP: 167593L26<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5543555.60   | 0.60%             | 2038-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOWER COLORADO RIVER TX AUTH T    | Lower Colorado River Authority                                               | CUSIP: 54811BF71<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6602073.00   | 0.71%             | 2031-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH REVENUE      | Illinois Finance Authority                                                   | CUSIP: 45204FXA8<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   2970000 | PA      | $3289909.99   | 0.35%             | 2035-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PROPERTY & BLDGS C    | Kentucky State Property & Building Commission                                | CUSIP: 49151F4B3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5650000 | PA      | $6164073.73   | 0.66%             | 2037-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SALT LAKE CITY UT ARPT REVENUE    | City of Salt Lake City UT Airport Revenue                                    | CUSIP: 795576HA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6585000 | PA      | $6821124.93   | 0.73%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST SPL TAX OBLIG R    | State of Connecticut Special Tax Revenue                                     | CUSIP: 207758YK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7830078.00   | 0.84%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP    | New York Transportation Development Corp                                     | CUSIP: 650116EM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1556928.22   | 0.17%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL     | New York City Transitional Finance Authority Future Tax Secured Revenue      | CUSIP: 64971X8A9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2641169.50   | 0.28%             | 2040-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INTERMOUNTAIN PWR AGY UT PWR S    | Intermountain Power Agency                                                   | CUSIP: 45884AE74<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3835502.30   | 0.41%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH REVENUE      | Illinois Finance Authority                                                   | CUSIP: 45204FWF8<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   4640000 | PA      | $5165551.92   | 0.56%             | 2034-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                       | City of New York NY                                                          | CUSIP: 64966QPV6<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1621750.80   | 0.17%             | 2033-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP    | New York Transportation Development Corp                                     | CUSIP: 650116HK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4976716.50   | 0.54%             | 2049-06-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF WTR & P    | Los Angeles Department of Water & Power                                      | CUSIP: 544532QA5<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   4230000 | PA      | $4618340.23   | 0.50%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JEFFERSON CNTY AL SWR REVENUE     | County of Jefferson AL Sewer Revenue                                         | CUSIP: 472682ZR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5810000 | PA      | $5874408.50   | 0.63%             | 2049-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL     | New York City Transitional Finance Authority Future Tax Secured Revenue      | CUSIP: 64971XXP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7409795.40   | 0.80%             | 2037-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA PUB FACS AUTH REVENU    | Louisiana Public Facilities Authority                                        | CUSIP: 546399SX5<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2544890.50   | 0.27%             | 2054-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST     | New Jersey Transportation Trust Fund Authority                               | CUSIP: 64613CBF4<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2905671.30   | 0.31%             | 2037-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TRIBOROUGH NY BRIDGE & TUNNEL     | Triborough Bridge & Tunnel Authority                                         | CUSIP: 896032AS8<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1271728.80   | 0.14%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALABAMA ST PUBLIC SCH & CLG AU    | Alabama Public School and College Authority                                  | CUSIP: 010609FN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5399567.50   | 0.58%             | 2034-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CMWLTH FING AUTH PA TOBACCO MA    | Commonwealth Financing Authority                                             | CUSIP: 20282EAN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7910000 | PA      | $8210720.01   | 0.88%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST TOLL HIGHWAY AUTH     | Illinois State Toll Highway Authority                                        | CUSIP: 452252LH0<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |   9735000 | PA      | $9810294.38   | 1.06%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA                   | City of Philadelphia PA                                                      | CUSIP: 717813C98<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |   1605000 | PA      | $1802969.37   | 0.19%             | 2034-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DOWNTOWN REVITALIZATION PUBLIC    | Downtown Revitalization Public Infrastructure District                       | CUSIP: 26118TAL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1620000 | PA      | $1691587.64   | 0.18%             | 2036-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                       | State of Illinois                                                            | CUSIP: 452153KS7<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   7255000 | PA      | $7884197.13   | 0.85%             | 2033-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL     | New York City Transitional Finance Authority Future Tax Secured Revenue      | CUSIP: 64971X8B7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3142188.60   | 0.34%             | 2041-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST HSG FIN AGY RSDL MTGE     | Ohio Housing Finance Agency                                                  | CUSIP: 67756Q6T9<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |   2960000 | PA      | $2835376.60   | 0.31%             | 2044-09-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| CHATTANOOGA TN ELEC REVENUE       | City of Chattanooga TN Electric Revenue                                      | CUSIP: 162393GB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8925000 | PA      | $6349549.34   | 0.68%             | 2039-09-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TX ELEC & GAS REVE    | City of San Antonio TX Electric & Gas Systems Revenue                        | CUSIP: 79625GGD9<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |   8715000 | PA      | $9644275.22   | 1.04%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TURNPIKE AUTH TU    | New Jersey Turnpike Authority                                                | CUSIP: 646140DH3<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4631176.80   | 0.50%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST BRD OF ADMIN FIN CO    | State Board of Administration Finance Corp                                   | CUSIP: 341271AH7<br>LEI: 549300S34SOJ0RULXM35 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10260415.00  | 1.11%             | 2034-07-01      | Fixed         | 5.53%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                       | City of New York NY                                                          | CUSIP: 64966SBW5<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5586368.50   | 0.60%             | 2032-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PRIV CLGS & UNIVS AUTH GA         | Private Colleges & Universities Authority                                    | CUSIP: 74265L3C0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6500000 | PA      | $7250410.05   | 0.78%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AUSTIN TX ELEC UTILITY SYS REV    | City of Austin TX Electric Utility Revenue                                   | CUSIP: 052414VH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5522724.00   | 0.60%             | 2035-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST BLDG AUTH REVENUE     | Michigan State Building Authority                                            | CUSIP: 594615ND4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3175000 | PA      | $3571981.05   | 0.38%             | 2033-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT AUTH OF NEW YORK & NEW JE    | Port Authority of New York & New Jersey                                      | CUSIP: 73358W5H3<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5281057.50   | 0.57%             | 2032-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP    | New York Transportation Development Corp                                     | CUSIP: 650110AC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1101226.88   | 0.12%             | 2041-10-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP    | New York Transportation Development Corp                                     | CUSIP: 650116FL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10335444.00  | 1.11%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| S JERSEY NJ TRANSPRTN AUTH TRA    | South Jersey Transportation Authority                                        | CUSIP: 838536MK3<br>LEI: 549300W8SZI2CAOKT956 | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1184924.24   | 0.13%             | 2039-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH REVENUES    | New York State Dormitory Authority                                           | CUSIP: 64985SFS7<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5574130.00   | 0.60%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST     | New Jersey Transportation Trust Fund Authority                               | CUSIP: 6461368D6<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   5750000 | PA      | $6279077.63   | 0.68%             | 2032-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA STADIUM & EXPOSITION    | Louisiana Stadium & Exposition District                                      | CUSIP: 546410CV1<br>LEI: 5493000QEHWDGVGH7J62 | Long             | DBT              | MUN               | US        |  11500000 | PA      | $11809144.15  | 1.27%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY AZ INDL DEV AUTH    | Maricopa County Industrial Development Authority                             | CUSIP: 56678PCG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2150000 | PA      | $2240084.79   | 0.24%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST FIN AUTH REVENUE      | Michigan Finance Authority                                                   | CUSIP: 59447TME0<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3578117.20   | 0.39%             | 2029-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PROPERTY & BLDGS C    | Kentucky State Property & Building Commission                                | CUSIP: 49151F5C0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8500000 | PA      | $8947703.50   | 0.96%             | 2041-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ST PARKWAYS AUTH    | West Virginia Parkways Authority                                             | CUSIP: 956510BS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2116900.40   | 0.23%             | 2038-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                       | State of Illinois                                                            | CUSIP: 452153JZ3<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2067047.80   | 0.22%             | 2042-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| COLUMBUS OH REGL ARPT AUTH REV    | Columbus Regional Airport Authority                                          | CUSIP: 199546CR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1285025.16   | 0.14%             | 2035-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GREAT LAKES MI WTR AUTH WTR SP    | Great Lakes Water Authority Water Supply System Revenue                      | CUSIP: 39081JHS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2809913.25   | 0.30%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA HOSPS & HGR ED    | Hospitals & Higher Education Facilities Authority of Philadelphia/The        | CUSIP: 717825QC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1898149.20   | 0.20%             | 2039-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY-HOUSTON TX SPORTS     | Harris County-Houston Sports Authority                                       | CUSIP: 413890HZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2115000 | PA      | $2159263.78   | 0.23%             | 2044-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DOWNTOWN REVITALIZATION PUBLIC    | Downtown Revitalization Public Infrastructure District                       | CUSIP: 26118TAM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1765535.00   | 0.19%             | 2037-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TRIBOROUGH NY BRIDGE & TUNNEL     | Triborough Bridge & Tunnel Authority                                         | CUSIP: 896032AU3<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1564432.20   | 0.17%             | 2043-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HLTH CARE FACS A    | Washington Health Care Facilities Authority                                  | CUSIP: 93978HWH4<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |   3270000 | PA      | $3330940.05   | 0.36%             | 2038-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL MET WTR RECLAMATION    | Metropolitan Water Reclamation District of Greater Chicago                   | CUSIP: 167560XC0<br>LEI: 254900GOGQEZEWCZ4D37 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5378809.50   | 0.58%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA ST TURNPIKE AUTH         | Oklahoma Turnpike Authority                                                  | CUSIP: 679111F82<br>LEI: 549300J83EP2PBDYH615 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1832547.15   | 0.20%             | 2041-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TRIBOROUGH NY BRIDGE & TUNNEL     | Triborough Bridge & Tunnel Authority                                         | CUSIP: 896032AT6<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2097415.20   | 0.23%             | 2042-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALLEGHENY CNTY PA ARPT AUTH AR    | Allegheny County Airport Authority                                           | CUSIP: 01728LEV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1442897.55   | 0.16%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CALIF CITY &CNTY    | San Francisco City & County Airport Comm-San Francisco International Airport | CUSIP: 79766DTM1<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3198696.90   | 0.34%             | 2032-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT OF SEATTLE WA REVENUE        | Port of Seattle WA                                                           | CUSIP: 735389P77<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5364554.50   | 0.58%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST     | New Jersey Transportation Trust Fund Authority                               | CUSIP: 64613CCV8<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2843173.44   | 0.31%             | 2041-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP    | New York Transportation Development Corp                                     | CUSIP: 650116GX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2010000 | PA      | $1978403.60   | 0.21%             | 2049-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                       | City of New York NY                                                          | CUSIP: 64966SKJ4<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4480964.80   | 0.48%             | 2032-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP    | New York Transportation Development Corp                                     | CUSIP: 650116HV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4533232.50   | 0.49%             | 2054-12-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST SALES TAX REVENUE     | State of Illinois Sales Tax Revenue                                          | CUSIP: 452227VH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6503224.20   | 0.70%             | 2037-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N TX TOLLWAY AUTH REVENUE         | North Texas Tollway Authority                                                | CUSIP: 66285WXC5<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |   3010000 | PA      | $3080783.76   | 0.33%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST HSG FIN CORP REVENU    | Florida Housing Finance Corp                                                 | CUSIP: 34074M4V0<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |   4995000 | PA      | $4789504.70   | 0.52%             | 2044-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX TOLL ROAD REVEN    | County of Harris TX Toll Road Revenue                                        | CUSIP: 41423PDA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5576410.50   | 0.60%             | 2034-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST PRIV ACTIVITY BOND SU    | Texas Private Activity Bond Surface Transportation Corp                      | CUSIP: 882667CM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1021910.70   | 0.11%             | 2043-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SYS REVENUE       | City of Houston TX Airport System Revenue                                    | CUSIP: 442349FP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2835000 | PA      | $2991342.31   | 0.32%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH REVENUE      | New Hampshire Business Finance Authority                                     | CUSIP: 63607YCQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3242826.90   | 0.35%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST TRANSPRTN AUTH TRA    | Maryland State Transportation Authority                                      | CUSIP: 574300ME6<br>LEI: 254900MKNK0MO0Z4X426 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5435216.00   | 0.59%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH REVENUES    | New York State Dormitory Authority                                           | CUSIP: 64985SFT5<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5523878.00   | 0.60%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET TRANSPRTN AUTH NY REVENUE     | Metropolitan Transportation Authority                                        | CUSIP: 59261AAM9<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   4760000 | PA      | $4788164.44   | 0.52%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH RE    | New Jersey Economic Development Authority                                    | CUSIP: 64577XEY8<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3302267.70   | 0.36%             | 2036-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TX ELEC & GAS REVE    | City of San Antonio TX Electric & Gas Systems Revenue                        | CUSIP: 79625GGG2<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |   5460000 | PA      | $6112462.90   | 0.66%             | 2034-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL     | New York City Transitional Finance Authority Building Aid Revenue            | CUSIP: 64972HY30<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5080000 | PA      | $5350862.04   | 0.58%             | 2031-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX                        | City of Houston TX                                                           | CUSIP: 442332DZ2<br>LEI: 549300C64URYS0WQQY42 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2611122.25   | 0.28%             | 2041-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST PRIV ACTIVITY BOND SU    | Texas Private Activity Bond Surface Transportation Corp                      | CUSIP: 882667AX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3735000 | PA      | $3554763.09   | 0.38%             | 2038-12-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SYS REVENUE       | City of Houston TX Airport System Revenue                                    | CUSIP: 442349FR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1066327.46   | 0.11%             | 2036-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH REVENUES    | New York State Dormitory Authority                                           | CUSIP: 64985SFU2<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5458612.00   | 0.59%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX                        | City of Houston TX                                                           | CUSIP: 442332EA6<br>LEI: 549300C64URYS0WQQY42 | Long             | DBT              | MUN               | US        |   2245000 | PA      | $2325125.85   | 0.25%             | 2042-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                       | State of Illinois                                                            | CUSIP: 452153CY3<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   8500000 | PA      | $9019278.60   | 0.97%             | 2037-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| COLUMBUS OH REGL ARPT AUTH REV    | Columbus Regional Airport Authority                                          | CUSIP: 199546CS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2651321.50   | 0.29%             | 2036-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                       | City of New York NY                                                          | CUSIP: 64966SKN5<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5532467.00   | 0.60%             | 2036-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST     | New Jersey Transportation Trust Fund Authority                               | CUSIP: 64613CCW6<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2615273.75   | 0.28%             | 2042-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PRIV CLGS & UNIVS AUTH GA         | Private Colleges & Universities Authority                                    | CUSIP: 74265L3D8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5618699.00   | 0.61%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PROPERTY & BLDGS C    | Kentucky State Property & Building Commission                                | CUSIP: 49151F5U0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5595000 | PA      | $6296469.77   | 0.68%             | 2035-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA                   | City of Philadelphia PA                                                      | CUSIP: 717813C80<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |   1190000 | PA      | $1337302.72   | 0.14%             | 2033-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST TOLL HIGHWAY AUTH     | Illinois State Toll Highway Authority                                        | CUSIP: 452252QQ5<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3303217.20   | 0.36%             | 2036-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FIXED INCOME CLEARING CORPORATION | FIXED INCOME CLEARING CORPORATION                                            | CUSIP: 000000000<br>LEI: 549300H47WTHXPU08X20 | Long             | RA               | CORP              | US        |   1545000 | PA      | $1545000.00   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH ST PERSO    | New York State Dormitory Authority                                           | CUSIP: 64990EW60<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   8410000 | PA      | $8432960.98   | 0.91%             | 2032-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA ST TURNPIKE AUTH         | Oklahoma Turnpike Authority                                                  | CUSIP: 679111F90<br>LEI: 549300J83EP2PBDYH615 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2075593.20   | 0.22%             | 2042-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RICHLAND CNTY SC SCH DIST #2      | Richland County School District No 2/SC                                      | CUSIP: 763682U33<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6190000 | PA      | $4612990.41   | 0.50%             | 2038-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-28

**Name of Applicant:** AMG Funds

**Signature:** Thomas Disbrow

**Name of Signer:** Thomas Disbrow

**Title:** Principal Financial Officer