# EDGAR Filing Document

**Accession Number:** 0001089951
**File Stem:** 0000940400-26-007761
**Filing Date:** 2026-2
**Character Count:** 98973
**Document Hash:** e5a2e809ea9cc1b5ecc505950dc67fb1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-007761.hdr.sgml**: 20260225

**ACCESSION NUMBER**: 0000940400-26-007761

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260225

**DATE AS OF CHANGE**: 20260225

**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:** 26676490

**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:** 2025-12-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $1005547278.32

**Total Liabilities:** $33116792.70

**Net Assets:** $972430485.62

**Delayed Delivery Securities:** $32645680.00

**Cash Not Reported:** $2940.83

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 136.14984000 | **1-Year:** 9841.70404000 | **5-Year:** 292042.00189000 | **10-Year:** 392046.20794000 | **30-Year:** 2535.41148000

**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 | 1.48%                | 0.33%                | 0.34%                |
| Class ID C000077269 | 1.46%                | 0.30%                | 0.31%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $834506.66               | $10875540.96                               |
| Month 2  | $-252562.42              | $1013911.12                                |
| Month 3  | $-657916.26              | $1892710.01                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| RHODE ISLAND ST HLTH & EDUCTNL   | Rhode Island Health and Educational Building Corp                            | CUSIP: 762244MH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5175000 | PA      | $5249451.17   | 0.54%             | 2049-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LOUISIANA STADIUM & EXPOSITION   | Louisiana Stadium & Exposition District                                      | CUSIP: 546410CT6<br>LEI: 5493000QEHWDGVGH7J62 | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2977884.25   | 0.31%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI TOLL REVENU   | Public Finance Authority                                                     | CUSIP: 74448UAA6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3294679.80   | 0.34%             | 2060-06-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP   | New York Transportation Development Corp                                     | CUSIP: 650116JG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1320000 | PA      | $1438416.28   | 0.15%             | 2044-06-30      | Fixed         | 6.00%                 | 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      | $7435298.00   | 0.76%             | 2032-09-01      | 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      | $2256011.20   | 0.23%             | 2032-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL    | New York City Transitional Finance Authority Building Aid Revenue            | CUSIP: 64972LBE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5787788.00   | 0.60%             | 2037-07-15      | 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      | $5372028.00   | 0.55%             | 2032-07-15      | Fixed         | 5.00%                 | 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      | $5809121.33   | 0.60%             | 2034-07-01      | 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      | $1636369.35   | 0.17%             | 2041-08-15      | 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      | $2318397.03   | 0.24%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CENTRL TX REGL MOBILITY AUTH R   | Central Texas Regional Mobility Authority                                    | CUSIP: 155498PD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1464816.99   | 0.15%             | 2039-01-01      | 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      | $2961752.04   | 0.30%             | 2041-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST    | New Jersey Transportation Trust Fund Authority                               | CUSIP: 64613CHG6<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1935334.57   | 0.20%             | 2038-06-15      | 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      | $3373656.84   | 0.35%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UTILITY DEBT SECURITIZATION AU   | Utility Debt Securitization Authority                                        | CUSIP: 91802RJB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $9306748.80   | 0.96%             | 2036-12-15      | 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      | $6521048.59   | 0.67%             | 2035-04-01      | 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      | $5563721.65   | 0.57%             | 2039-06-01      | 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      | $8289827.13   | 0.85%             | 2032-06-01      | 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      | $5728610.00   | 0.59%             | 2036-08-01      | Fixed         | 5.00%                 | 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      | $3551593.31   | 0.37%             | 2035-06-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| VOLUSIA CNTY FL EDUCTNL FAC AU   | Volusia County Educational Facility Authority                                | CUSIP: 928836PS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2287323.20   | 0.24%             | 2033-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CA CITY &CNTY AR   | San Francisco City & County Airport Comm-San Francisco International Airport | CUSIP: 79766DLU1<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   5010000 | PA      | $5291517.91   | 0.54%             | 2034-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA ST TURNPIKE AUTH        | Oklahoma Turnpike Authority                                                  | CUSIP: 679111F66<br>LEI: 549300J83EP2PBDYH615 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1493455.47   | 0.15%             | 2039-01-01      | 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      | $6413691.86   | 0.66%             | 2037-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CENTRL TX REGL MOBILITY AUTH R   | Central Texas Regional Mobility Authority                                    | CUSIP: 155498PC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1932792.56   | 0.20%             | 2038-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TX ELEC & GAS REVE   | City of San Antonio TX Electric & Gas Systems Revenue                        | CUSIP: 79625GNL3<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $7010413.80   | 0.72%             | 2036-02-01      | Fixed         | 5.00%                 | 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      | $3005983.75   | 0.31%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N TX TOLLWAY AUTH REVENUE        | North Texas Tollway Authority                                                | CUSIP: 66285WU79<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |   2750000 | PA      | $3096083.93   | 0.32%             | 2039-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UTILITY DEBT SECURITIZATION AU   | Utility Debt Securitization Authority                                        | CUSIP: 91802RJC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9000000 | PA      | $10495116.90  | 1.08%             | 2037-06-15      | 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      | $1067019.00   | 0.11%             | 2041-12-01      | 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      | $2918064.75   | 0.30%             | 2035-07-01      | 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      | $2170448.40   | 0.22%             | 2038-06-01      | 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      | $1536089.13   | 0.16%             | 2045-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                      | State of Illinois                                                            | CUSIP: 452153JZ3<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2144627.20   | 0.22%             | 2042-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH ST PERSO   | New York State Dormitory Authority                                           | CUSIP: 64990KHN6<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   4585000 | PA      | $5346234.25   | 0.55%             | 2034-03-15      | 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      | $2834839.92   | 0.29%             | 2034-06-01      | Fixed         | 1.75%                 | 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      | $10514426.00  | 1.08%             | 2034-07-01      | Fixed         | 5.53%                 | No            |                  2 | On Loan: No      |
| NORTH DAKOTA ST HSG FIN AGY      | North Dakota Housing Finance Agency                                          | CUSIP: 65889BEL4<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003219.80   | 0.10%             | 2045-07-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH REVENUE     | Illinois Finance Authority                                                   | CUSIP: 45204FWF8<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   4640000 | PA      | $5350313.94   | 0.55%             | 2034-04-01      | 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      | $7907292.29   | 0.81%             | 2039-03-01      | Fixed         | 2.00%                 | 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      | $10673770.00  | 1.10%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST SCH BLDG AUTH   | Massachusetts School Building Authority                                      | CUSIP: 576000G31<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $2034128.95   | 0.21%             | 2037-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UTILITY DEBT SECURITIZATION AU   | Utility Debt Securitization Authority                                        | CUSIP: 91802RJD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12000000 | PA      | $14020261.20  | 1.44%             | 2037-12-15      | 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        |   2205000 | PA      | $2461481.63   | 0.25%             | 2031-07-01      | 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      | $1454082.37   | 0.15%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CA CITY &CNTY AR   | San Francisco City & County Airport Comm-San Francisco International Airport | CUSIP: 79766DLV9<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   5800000 | PA      | $6110060.46   | 0.63%             | 2035-05-01      | 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      | $1191522.63   | 0.12%             | 2041-10-31      | Fixed         | 4.00%                 | 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      | $9020229.48   | 0.93%             | 2034-02-15      | 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      | $8597726.00   | 0.88%             | 2040-04-01      | 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      | $2341988.00   | 0.24%             | 2035-08-01      | 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      | $4516849.46   | 0.46%             | 2033-08-01      | 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      | $5932687.90   | 0.61%             | 2037-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                      | City of New York NY                                                          | CUSIP: 64966SPY6<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1119370.40   | 0.12%             | 2031-08-01      | Fixed         | 5.00%                 | 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      | $6744252.97   | 0.69%             | 2031-07-01      | 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        |   2750000 | PA      | $3190269.50   | 0.33%             | 2036-06-15      | Fixed         | 5.25%                 | 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      | $6222771.00   | 0.64%             | 2037-08-15      | 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      | $3959746.52   | 0.41%             | 2043-12-01      | 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      | $7290486.29   | 0.75%             | 2034-04-01      | 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      | $9310244.00   | 0.96%             | 2035-07-01      | 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      | $1333633.80   | 0.14%             | 2046-10-31      | Fixed         | 4.00%                 | 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        |   9000000 | PA      | $10475008.20  | 1.08%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST    | New Jersey Transportation Trust Fund Authority                               | CUSIP: 64613CHF8<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2298653.00   | 0.24%             | 2037-06-15      | 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      | $9321227.50   | 0.96%             | 2041-04-01      | Fixed         | 5.00%                 | 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      | $3072722.97   | 0.32%             | 2034-07-01      | 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        |   1750000 | PA      | $2015294.75   | 0.21%             | 2037-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CENTRL TX REGL MOBILITY AUTH R   | Central Texas Regional Mobility Authority                                    | CUSIP: 155498PB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1415000 | PA      | $1627412.58   | 0.17%             | 2037-01-01      | Fixed         | 5.00%                 | 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      | $2234445.71   | 0.23%             | 2041-07-01      | Fixed         | 5.00%                 | 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      | $2017294.69   | 0.21%             | 2049-06-30      | 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      | $1043470.20   | 0.11%             | 2043-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                      | State of Illinois                                                            | CUSIP: 452153CY3<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   8500000 | PA      | $9293272.70   | 0.96%             | 2037-03-01      | Fixed         | 5.25%                 | 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      | $6527049.75   | 0.67%             | 2044-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                      | City of New York NY                                                          | CUSIP: 64966SKJ4<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   3750000 | PA      | $4253247.38   | 0.44%             | 2032-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP   | New York Transportation Development Corp                                     | CUSIP: 650116JN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2126266.00   | 0.22%             | 2050-06-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND STADIUM AUTH BUILT TO   | Maryland Stadium Authority                                                   | CUSIP: 574294CL6<br>LEI: 549300VA283TTQRDNF71 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2757738.75   | 0.28%             | 2040-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST TRANSPRTN FUN   | Commonwealth of Massachusetts Transportation Fund Revenue                    | CUSIP: 57604TMM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2320723.60   | 0.24%             | 2038-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST                 | Commonwealth of Massachusetts                                                | CUSIP: 57582TFW7<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2287454.20   | 0.24%             | 2039-12-01      | Fixed         | 5.00%                 | 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      | $2772737.32   | 0.29%             | 2041-11-01      | 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      | $3396692.77   | 0.35%             | 2035-04-01      | Fixed         | 5.00%                 | 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      | $915480.90    | 0.09%             | 2031-02-01      | 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      | $2979153.60   | 0.31%             | 2038-01-01      | Fixed         | 4.00%                 | 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        |   5000000 | PA      | $5409234.50   | 0.56%             | 2037-02-01      | 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      | $3100820.70   | 0.32%             | 2054-06-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CENTRL TX REGL MOBILITY AUTH R   | Central Texas Regional Mobility Authority                                    | CUSIP: 155498PX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1314138.72   | 0.14%             | 2041-01-01      | Fixed         | 5.00%                 | 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      | $5705325.15   | 0.59%             | 2048-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NORTH EAST TX REGL MOBILITY AU   | North East Texas Regional Mobility Authority                                 | CUSIP: 659231BV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1836279.14   | 0.19%             | 2041-01-01      | 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      | $2441228.85   | 0.25%             | 2041-12-01      | 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      | $8378957.12   | 0.86%             | 2037-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET TRANSPRTN AUTH NY REVENUE    | Metropolitan Transportation Authority                                        | CUSIP: 59261A5W3<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |  15000000 | PA      | $16785852.00  | 1.73%             | 2031-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST UNIV                     | Ohio State University/The                                                    | CUSIP: 677632T92<br>LEI: JFC10ZULKO4X2E3HBY86 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5872780.50   | 0.60%             | 2035-06-01      | Fixed         | 5.00%                 | 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      | $2779047.25   | 0.29%             | 2036-01-01      | 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      | $1050154.60   | 0.11%             | 2042-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL    | New York City Transitional Finance Authority Future Tax Secured Revenue      | CUSIP: 64972JWZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2960000 | PA      | $3402371.70   | 0.35%             | 2033-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTHORITY A C   | Southeast Energy Authority A Cooperative District                            | CUSIP: 84136HDM2<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5363598.50   | 0.55%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST SMALL BUSINESS FIN   | Virginia Small Business Financing Authority                                  | CUSIP: 928104NV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2992090.20   | 0.31%             | 2037-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                      | City of New York NY                                                          | CUSIP: 64966SBW5<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2259007.20   | 0.23%             | 2032-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST TRANSPRTN FUN   | Commonwealth of Massachusetts Transportation Fund Revenue                    | CUSIP: 57604TMN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2302910.40   | 0.24%             | 2039-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH REVENUE      | Indiana Finance Authority                                                    | CUSIP: 45506EQQ9<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3320349.60   | 0.34%             | 2040-11-15      | 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      | $4578571.60   | 0.47%             | 2036-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH EAST TX REGL MOBILITY AU   | North East Texas Regional Mobility Authority                                 | CUSIP: 659231BW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1055000 | PA      | $1128174.69   | 0.12%             | 2042-01-01      | 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        |   2800000 | PA      | $3195764.32   | 0.33%             | 2033-07-01      | 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        |   1450000 | PA      | $1580700.25   | 0.16%             | 2037-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TX ELEC & GAS REVE   | City of San Antonio TX Electric & Gas Systems Revenue                        | CUSIP: 79625GGG2<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |   5460000 | PA      | $6255239.17   | 0.64%             | 2034-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF CALIFORNIA CA REVENUES   | University of California                                                     | CUSIP: 91412HWK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5930051.50   | 0.61%             | 2040-05-15      | Fixed         | 5.50%                 | 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      | $3315038.51   | 0.34%             | 2034-04-01      | 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      | $1812488.32   | 0.19%             | 2037-06-01      | 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      | $1054769.90   | 0.11%             | 2041-06-30      | Fixed         | 5.50%                 | 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        |   2750000 | PA      | $2983653.20   | 0.31%             | 2041-05-01      | 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        |   7090000 | PA      | $7756012.62   | 0.80%             | 2041-03-15      | 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      | $3739675.10   | 0.38%             | 2038-12-31      | Fixed         | 4.00%                 | 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      | $6682572.60   | 0.69%             | 2037-06-15      | Fixed         | 5.00%                 | 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        |   3480000 | PA      | $3936460.12   | 0.40%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA                  | City of Philadelphia PA                                                      | CUSIP: 717813C80<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1151618.80   | 0.12%             | 2033-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST                 | Commonwealth of Massachusetts                                                | CUSIP: 57582TFY3<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1398881.50   | 0.14%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL    | New York City Transitional Finance Authority Future Tax Secured Revenue      | CUSIP: 64972JZC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2921575.00   | 0.30%             | 2036-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TX ELEC & GAS REVE   | City of San Antonio TX Electric & Gas Systems Revenue                        | CUSIP: 79625GDR1<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |   2985000 | PA      | $3204367.35   | 0.33%             | 2038-02-01      | 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      | $2012875.40   | 0.21%             | 2039-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                      | City of New York NY                                                          | CUSIP: 64966Q3R9<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5699665.50   | 0.59%             | 2034-08-01      | Fixed         | 5.00%                 | 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      | $5731501.50   | 0.59%             | 2034-08-15      | Fixed         | 5.00%                 | 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      | $3420075.00   | 0.35%             | 2035-02-01      | Fixed         | 5.00%                 | 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        |   5015000 | PA      | $5519982.92   | 0.57%             | 2035-06-30      | Fixed         | 5.25%                 | 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      | $3932251.75   | 0.40%             | 2034-07-01      | 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      | $12236655.50  | 1.26%             | 2042-07-01      | 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      | $1735598.02   | 0.18%             | 2036-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET TRANSPRTN AUTH NY REVENUE    | Metropolitan Transportation Authority                                        | CUSIP: 59261A5Y9<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   3490000 | PA      | $3985883.98   | 0.41%             | 2033-11-15      | 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      | $3034072.50   | 0.31%             | 2045-12-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                      | State of Illinois                                                            | CUSIP: 452153FA2<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $11000729.00  | 1.13%             | 2034-05-01      | 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      | $2390207.39   | 0.25%             | 2032-01-01      | 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      | $7192523.00   | 0.74%             | 2033-04-01      | Fixed         | 5.00%                 | 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      | $5848624.50   | 0.60%             | 2036-04-01      | Fixed         | 5.25%                 | 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      | $5678566.85   | 0.58%             | 2038-01-01      | 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      | $2183079.20   | 0.22%             | 2040-03-01      | 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      | $2727351.50   | 0.28%             | 2040-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALABAMA ST HIGHWAY AUTH SPL OB   | Alabama Highway Authority                                                    | CUSIP: 010559AN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5753352.50   | 0.59%             | 2038-09-01      | Fixed         | 5.00%                 | 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      | $2212399.77   | 0.23%             | 2044-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH ST PERSO   | New York State Dormitory Authority                                           | CUSIP: 64990KHP1<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $4115291.95   | 0.42%             | 2035-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH EAST TX REGL MOBILITY AU   | North East Texas Regional Mobility Authority                                 | CUSIP: 659231BX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1185000 | PA      | $1257554.35   | 0.13%             | 2043-01-01      | 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      | $5032681.00   | 0.52%             | 2049-06-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST                 | Commonwealth of Massachusetts                                                | CUSIP: 57582TFX5<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1981060.38   | 0.20%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CENTRL TX REGL MOBILITY AUTH R   | Central Texas Regional Mobility Authority                                    | CUSIP: 155498PW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1106913.80   | 0.11%             | 2040-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST SPL TAX OBLIG R   | State of Connecticut Special Tax Revenue                                     | CUSIP: 207758Z55<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2307068.00   | 0.24%             | 2038-07-01      | 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      | $2709585.00   | 0.28%             | 2041-03-01      | 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        |   4000000 | PA      | $4424951.60   | 0.46%             | 2040-03-15      | 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      | $5021340.50   | 0.52%             | 2037-12-31      | Fixed         | 4.00%                 | 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      | $3570877.82   | 0.37%             | 2036-06-01      | Fixed         | 1.85%                 | No            |                  2 | On Loan: No      |
| PORT OF SEATTLE WA REVENUE       | Port of Seattle WA                                                           | CUSIP: 735389P77<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2203850.60   | 0.23%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BNY MELLON, NATIONAL ASSOCIATION | FICC                                                                         | CUSIP: 000000000<br>LEI: 4EP6JBYBTPTQ47LZOB67 | Long             | RA               | CORP              | US        |  33521000 | PA      | $33521000.00  | 3.45%             |  |  |  | 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      | $3949724.10   | 0.41%             | 2033-07-01      | Fixed         | 5.00%                 | 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      | $1350142.20   | 0.14%             | 2035-01-01      | 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      | $5554983.50   | 0.57%             | 2035-10-01      | Fixed         | 5.00%                 | 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      | $6902409.36   | 0.71%             | 2039-09-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CA CITY &CNTY AR   | San Francisco City & County Airport Comm-San Francisco International Airport | CUSIP: 79766DTM1<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3286184.10   | 0.34%             | 2032-05-01      | Fixed         | 5.00%                 | 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      | $3756881.12   | 0.39%             | 2037-06-15      | 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        |   2250000 | PA      | $2446163.10   | 0.25%             | 2042-06-15      | Fixed         | 5.25%                 | 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      | $1346002.63   | 0.14%             | 2043-07-01      | 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      | $3248746.88   | 0.33%             | 2037-02-01      | 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      | $3191679.90   | 0.33%             | 2043-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL    | New York City Transitional Finance Authority Future Tax Secured Revenue      | CUSIP: 64972JZD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2889336.50   | 0.30%             | 2037-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH SALES TA   | New York State Dormitory Authority                                           | CUSIP: 64990AXS9<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2223503.80   | 0.23%             | 2041-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL    | New York City Transitional Finance Authority Future Tax Secured Revenue      | CUSIP: 64972JJU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1931758.45   | 0.20%             | 2037-11-01      | 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      | $4590444.15   | 0.47%             | 2054-12-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TARRANT CNTY TX CULTURAL EDU F   | Tarrant County Cultural Education Facilities Finance Corp                    | CUSIP: 87638TJW4<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3346073.40   | 0.34%             | 2051-11-15      | Variable      | 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      | $9753919.97   | 1.00%             | 2031-12-01      | 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        |   2350000 | PA      | $2612094.56   | 0.27%             | 2032-06-15      | 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      | $6891729.96   | 0.71%             | 2030-07-01      | 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      | $1988392.00   | 0.20%             | 2039-07-01      | Fixed         | 4.00%                 | 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      | $1240080.77   | 0.13%             | 2039-11-01      | 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      | $9191352.60   | 0.95%             | 2058-01-01      | 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      | $3046851.49   | 0.31%             | 2034-02-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| TRIBOROUGH NY BRIDGE & TUNNEL    | Triborough Bridge & Tunnel Authority                                         | CUSIP: 896032AU3<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1623542.70   | 0.17%             | 2043-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH SALES TA   | New York State Dormitory Authority                                           | CUSIP: 64990AXR1<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1126118.60   | 0.12%             | 2040-03-15      | 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      | $5573206.00   | 0.57%             | 2032-02-01      | 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      | $3536650.98   | 0.36%             | 2034-08-01      | 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      | $6644417.40   | 0.68%             | 2033-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF CALIFORNIA CA REVENUES   | University of California                                                     | CUSIP: 91412HWH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $11953127.00  | 1.23%             | 2036-05-15      | 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      | $2510818.00   | 0.26%             | 2038-07-01      | Fixed         | 4.00%                 | 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      | $7678549.20   | 0.79%             | 2040-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TRIBOROUGH NY BRIDGE & TUNNEL    | Triborough Bridge & Tunnel Authority                                         | CUSIP: 896032AT6<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1096815.50   | 0.11%             | 2042-12-01      | 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        |   4975000 | PA      | $5007322.08   | 0.51%             | 2044-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL    | New York City Transitional Finance Authority Future Tax Secured Revenue      | CUSIP: 64972JJW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4461739.60   | 0.46%             | 2039-11-01      | 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      | $2016524.60   | 0.21%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA                  | City of Philadelphia PA                                                      | CUSIP: 717813C98<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |   1305000 | PA      | $1517549.40   | 0.16%             | 2034-08-01      | Fixed         | 5.00%                 | 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      | $1649682.45   | 0.17%             | 2040-08-15      | 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        |   5000000 | PA      | $5694723.00   | 0.59%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF WTR & P   | Los Angeles Department of Water & Power                                      | CUSIP: 544532QE7<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10882339.00  | 1.12%             | 2030-07-01      | Fixed         | 5.00%                 | 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      | $1207309.73   | 0.12%             | 2031-12-01      | 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      | $6000412.29   | 0.62%             | 2049-10-01      | Fixed         | 5.25%                 | 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      | $2562139.28   | 0.26%             | 2031-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL    | New York City Transitional Finance Authority Building Aid Revenue            | CUSIP: 64972LBD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $5255996.85   | 0.54%             | 2036-07-15      | 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      | $6277791.00   | 0.65%             | 2048-06-30      | Fixed         | 5.75%                 | 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      | $4599085.05   | 0.47%             | 2028-01-01      | 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      | $10328130.00  | 1.06%             | 2033-11-15      | Fixed         | 4.00%                 | 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      | $1118571.63   | 0.12%             | 2035-07-01      | Fixed         | 4.00%                 | 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      | $4986958.64   | 0.51%             | 2038-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                      | City of New York NY                                                          | CUSIP: 64966SGZ3<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5477349.00   | 0.56%             | 2040-09-01      | 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      | $3365410.20   | 0.35%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTHORITY A C   | Southeast Energy Authority A Cooperative District                            | CUSIP: 84136HCT8<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |  11850000 | PA      | $12730985.88  | 1.31%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TX ELEC & GAS REVE   | City of San Antonio TX Electric & Gas Systems Revenue                        | CUSIP: 79625GLL5<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |   6455000 | PA      | $7269026.49   | 0.75%             | 2039-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TARRANT CNTY TX CULTURAL EDU F   | Tarrant County Cultural Education Facilities Finance Corp                    | CUSIP: 87638TJX2<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2847822.75   | 0.29%             | 2051-11-15      | Variable      | 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      | $2774713.50   | 0.29%             | 2039-08-15      | 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      | $1638912.45   | 0.17%             | 2033-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL MIDWAY ARPT REVENUE   | Chicago Midway International Airport                                         | CUSIP: 167562US4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2194177.80   | 0.23%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CENTRL TX REGL MOBILITY AUTH R   | Central Texas Regional Mobility Authority                                    | CUSIP: 155498PA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1571264.73   | 0.16%             | 2036-01-01      | 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      | $3444801.60   | 0.35%             | 2036-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TX ELEC & GAS REVE   | City of San Antonio TX Electric & Gas Systems Revenue                        | CUSIP: 79625GNP4<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |   7500000 | PA      | $8530917.75   | 0.88%             | 2039-02-01      | 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        |   3000000 | PA      | $3320283.00   | 0.34%             | 2038-01-01      | 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      | $1099632.30   | 0.11%             | 2030-12-01      | 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      | $2414649.49   | 0.25%             | 2042-03-01      | 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      | $3061893.30   | 0.31%             | 2045-07-01      | Fixed         | 4.94%                 | 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        |   2880000 | PA      | $2895880.61   | 0.30%             | 2044-09-01      | Fixed         | 4.35%                 | 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      | $1107578.34   | 0.11%             | 2036-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST SPL TAX OBLIG R   | State of Connecticut Special Tax Revenue                                     | CUSIP: 207758Z48<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2300000 | PA      | $2676234.92   | 0.28%             | 2037-07-01      | 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      | $4315315.97   | 0.44%             | 2035-02-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| NASH HLTH CARE SYS NC HLTH CAR   | Nash Health Care Systems                                                     | CUSIP: 631163BK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1107534.00   | 0.11%             | 2032-02-01      | Fixed         | 5.00%                 | 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      | $2159297.20   | 0.22%             | 2041-01-01      | Fixed         | 5.25%                 | 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      | $1081869.50   | 0.11%             | 2042-08-15      | 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      | $1089072.00   | 0.11%             | 2033-12-01      | 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      | $4307514.83   | 0.44%             | 2048-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL    | New York City Transitional Finance Authority Future Tax Secured Revenue      | CUSIP: 64972JYY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5706474.00   | 0.59%             | 2032-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CENTRL TX REGL MOBILITY AUTH R   | Central Texas Regional Mobility Authority                                    | CUSIP: 155498NZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1448216.75   | 0.15%             | 2035-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI TOLL REVENU   | Public Finance Authority                                                     | CUSIP: 74448UAB4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3095790.90   | 0.32%             | 2060-06-30      | Fixed         | 5.75%                 | 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      | $2601989.56   | 0.27%             | 2040-06-01      | Fixed         | 2.12%                 | 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      | $5786444.50   | 0.60%             | 2033-09-01      | 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      | $1122803.56   | 0.12%             | 2039-03-15      | 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      | $3401025.30   | 0.35%             | 2038-08-01      | 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      | $1947489.78   | 0.20%             | 2041-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                      | State of Illinois                                                            | CUSIP: 452153KC2<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2088679.80   | 0.21%             | 2045-05-01      | Fixed         | 5.25%                 | 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      | $1585619.81   | 0.16%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                      | State of Illinois                                                            | CUSIP: 452153KS7<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   7255000 | PA      | $8119740.14   | 0.83%             | 2033-02-01      | Fixed         | 5.00%                 | 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      | $3058979.10   | 0.31%             | 2037-06-15      | Fixed         | 4.00%                 | 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      | $5673891.00   | 0.58%             | 2035-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA ST TURNPIKE AUTH        | Oklahoma Turnpike Authority                                                  | CUSIP: 679111F74<br>LEI: 549300J83EP2PBDYH615 | Long             | DBT              | MUN               | US        |   2115000 | PA      | $2386731.39   | 0.25%             | 2040-01-01      | 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      | $10452036.18  | 1.07%             | 2036-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-24

**Name of Applicant:** AMG Funds

**Signature:** Thomas Disbrow

**Name of Signer:** Thomas Disbrow

**Title:** Principal Financial Officer