# EDGAR Filing Document

**Accession Number:** 0000926243
**File Stem:** 0001752724-23-060526
**Filing Date:** 2023-3
**Character Count:** 676609
**Document Hash:** c5026661291985d41e8b22887e63bd24
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-060526.hdr.sgml**: 20230321

**ACCESSION NUMBER**: 0001752724-23-060526

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230321

**DATE AS OF CHANGE**: 20230321

**PERIOD START**: 20231031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** COMMERCE FUNDS
- **CENTRAL INDEX KEY:** 0000926243
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08598
- **FILM NUMBER:** 23747860

**BUSINESS ADDRESS:**
- **STREET 1:** 1000 WALNUT ST
- **CITY:** KANSAS CITY
- **STATE:** MO
- **ZIP:** 64121
- **BUSINESS PHONE:** 8006212550

**MAIL ADDRESS:**
- **STREET 1:** PO BOX 219525
- **CITY:** KANSAS CITY
- **STATE:** MO
- **ZIP:** 64121

## Series and Classes Contracts Data

### The National Tax-Free Intermediate Bond Fund (Series ID: S000010032)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000027733 | Shares       | CFNLX           |

## Nport-Ex

THE GROWTH FUND

## Schedule of Investments
*January 31, 2023 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – 95.1%** | **Common Stocks – 95.1%** | **Common Stocks – 95.1%** |
| **Automobiles\* – 2.0%** | **Automobiles\* – 2.0%** | **Automobiles\* – 2.0%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21355 | Tesla, Inc. | $3699113 |
| **Beverages – 1.0%** | **Beverages – 1.0%** | **Beverages – 1.0%** |
| 10600 | PepsiCo., Inc. | 1812812 |
| **Biotechnology – 2.1%** | **Biotechnology – 2.1%** | **Biotechnology – 2.1%** |
| 13405 | AbbVie, Inc. | 1980589 |
| 7005 | Amgen, Inc. | 1768062 |
|  |  | 3748651 |
| **Capital Markets – 2.0%** | **Capital Markets – 2.0%** | **Capital Markets – 2.0%** |
| 3885 | MSCI, Inc. | 2065111 |
| 14377 | Raymond James Financial, Inc. | 1621294 |
|  |  | 3686405 |
| **Chemicals – 1.8%** | **Chemicals – 1.8%** | **Chemicals – 1.8%** |
| 15760 | RPM International, Inc. | 1416982 |
| 7780 | The Sherwin-Williams Co. | 1840670 |
|  |  | 3257652 |
| **Commercial Services & Supplies – 2.8%** | **Commercial Services & Supplies – 2.8%** | **Commercial Services & Supplies – 2.8%** |
| 25545 | Copart, Inc.<sup>\*</sup> | 1701553 |
| 43100 | Rollins, Inc. | 1568840 |
| 11625 | Waste Management, Inc. | 1798736 |
|  |  | 5069129 |
| **Communications Equipment\* – 1.0%** | **Communications Equipment\* – 1.0%** | **Communications Equipment\* – 1.0%** |
| 14930 | Arista Networks, Inc. | 1881479 |
| **Electrical Equipment – 1.0%** | **Electrical Equipment – 1.0%** | **Electrical Equipment – 1.0%** |
| 6200 | Rockwell Automation, Inc. | 1748586 |
| **Electronic Equipment, Instruments & Components – 2.0%** | **Electronic Equipment, Instruments & Components – 2.0%** | **Electronic Equipment, Instruments & Components – 2.0%** |
| 24280 | Amphenol Corp. Class A | 1936816 |
| 8635 | CDW Corp. | 1692719 |
|  |  | 3629535 |
| **Equity Real Estate Investment Trusts (REITs) – 2.1%** | **Equity Real Estate Investment Trusts (REITs) – 2.1%** | **Equity Real Estate Investment Trusts (REITs) – 2.1%** |
| 25285 | Equity LifeStyle Properties, Inc. | 1814957 |
| 6415 | Public Storage | 1952341 |
|  |  | 3767298 |
| **Food & Staples Retailing – 1.0%** | **Food & Staples Retailing – 1.0%** | **Food & Staples Retailing – 1.0%** |
| 3360 | Costco Wholesale Corp. | 1717430 |
| **Health Care Equipment & Supplies – 2.2%** | **Health Care Equipment & Supplies – 2.2%** | **Health Care Equipment & Supplies – 2.2%** |
| 17780 | Abbott Laboratories | 1965579 |
| 7825 | Stryker Corp. | 1986063 |
|  |  | 3951642 |
| **Health Care Providers & Services – 2.9%** | **Health Care Providers & Services – 2.9%** | **Health Care Providers & Services – 2.9%** |
| 5155 | McKesson Corp. | 1952095 |
| 6615 | UnitedHealth Group, Inc. | 3302142 |
|  |  | 5254237 |
| **Hotels, Restaurants & Leisure – 4.3%** | **Hotels, Restaurants & Leisure – 4.3%** | **Hotels, Restaurants & Leisure – 4.3%** |
| 14025 | Hilton Worldwide Holdings, Inc. | 2034887 |
| 7015 | McDonald's Corp. | 1875811 |
| 18810 | Starbucks Corp. | 2052924 |
| 22745 | Wyndham Hotels & Resorts, Inc. | 1762965 |
|  |  | 7726587 |
| **Household Products – 0.9%** | **Household Products – 0.9%** | **Household Products – 0.9%** |
| 20155 | Church & Dwight Co., Inc. | 1629733 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **Industrial Conglomerates – 1.0%** | **Industrial Conglomerates – 1.0%** | **Industrial Conglomerates – 1.0%** |
| 9065 | Honeywell International, Inc. | $1889871 |
| **Insurance – 0.9%** | **Insurance – 0.9%** | **Insurance – 0.9%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12440 | Assurant, Inc. | 1649420 |
| **Interactive Media & Services\* – 5.3%** | **Interactive Media & Services\* – 5.3%** | **Interactive Media & Services\* – 5.3%** |
| 97865 | Alphabet, Inc. Class A | 9672977 |
| **Internet & Direct Marketing Retail – 5.7%** | **Internet & Direct Marketing Retail – 5.7%** | **Internet & Direct Marketing Retail – 5.7%** |
| 81290 | Amazon.com, Inc.<sup>\*</sup> | 8383438 |
| 37465 | eBay, Inc. | 1854517 |
|  |  | 10237955 |
| **IT Services – 7.0%** | **IT Services – 7.0%** | **IT Services – 7.0%** |
| 11290 | Broadridge Financial Solutions, Inc. | 1697564 |
| 18955 | Fiserv, Inc.<sup>\*</sup> | 2022120 |
| 8595 | FleetCor Technologies, Inc.<sup>\*</sup> | 1794722 |
| 8970 | Jack Henry & Associates, Inc. | 1615407 |
| 6840 | Mastercard, Inc. Class A | 2534904 |
| 13275 | Visa, Inc. Class A | 3056038 |
|  |  | 12720755 |
| **Life Sciences Tools & Services – 3.2%** | **Life Sciences Tools & Services – 3.2%** | **Life Sciences Tools & Services – 3.2%** |
| 12525 | Agilent Technologies, Inc. | 1904802 |
| 1305 | Mettler-Toledo International, Inc.<sup>\*</sup> | 2000461 |
| 3425 | Thermo Fisher Scientific, Inc. | 1953380 |
|  |  | 5858643 |
| **Machinery – 1.1%** | **Machinery – 1.1%** | **Machinery – 1.1%** |
| 8640 | Illinois Tool Works, Inc. | 2039386 |
| **Multiline Retail – 1.0%** | **Multiline Retail – 1.0%** | **Multiline Retail – 1.0%** |
| 7935 | Dollar General Corp. | 1853616 |
| **Oil, Gas & Consumable Fuels – 2.2%** | **Oil, Gas & Consumable Fuels – 2.2%** | **Oil, Gas & Consumable Fuels – 2.2%** |
| 11965 | Cheniere Energy, Inc. | 1828132 |
| 8945 | Pioneer Natural Resources Co. | 2060481 |
|  |  | 3888613 |
| **Personal Products – 1.2%** | **Personal Products – 1.2%** | **Personal Products – 1.2%** |
| 7960 | The Estee Lauder Cos., Inc. Class A | 2205557 |
| **Pharmaceuticals – 1.2%** | **Pharmaceuticals – 1.2%** | **Pharmaceuticals – 1.2%** |
| 12695 | Zoetis, Inc. | 2100895 |
| **Road & Rail – 2.1%** | **Road & Rail – 2.1%** | **Road & Rail – 2.1%** |
| 60725 | CSX Corp. | 1877617 |
| 9060 | Union Pacific Corp. | 1849961 |
|  |  | 3727578 |
| **Semiconductors & Semiconductor Equipment – 3.9%** | **Semiconductors & Semiconductor Equipment – 3.9%** | **Semiconductors & Semiconductor Equipment – 3.9%** |
| 21235 | Microchip Technology, Inc. | 1648260 |
| 18035 | NVIDIA Corp. | 3523498 |
| 10975 | Texas Instruments, Inc. | 1944880 |
|  |  | 7116638 |
| **Software – 14.8%** | **Software – 14.8%** | **Software – 14.8%** |
| 6670 | ANSYS, Inc.<sup>\*</sup> | 1776621 |
| 11760 | Cadence Design Systems, Inc.<sup>\*</sup> | 2150081 |
| 69560 | Microsoft Corp. | 17237664 |
| 70825 | Gen Digital Inc. | 1629683 |
| 12055 | Palo Alto Networks, Inc.<sup>\*</sup> | 1912405 |
| 11260 | Workday, Inc. Class A<sup>\*</sup> | 2042902 |
|  |  | 26749356 |

---

------

THE GROWTH FUND

## Schedule of Investments (continued)
*January 31, 2023 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **Specialty Retail – 2.0%** | **Specialty Retail – 2.0%** | **Specialty Retail – 2.0%** |
| 5935 | The Home Depot, Inc. | $1923949 |
| 7675 | Tractor Supply Co. | 1749823 |
|  |  | 3673772 |
| **Technology Hardware, Storage & Peripherals – 12.2%** | **Technology Hardware, Storage & Peripherals – 12.2%** | **Technology Hardware, Storage & Peripherals – 12.2%** |
| &nbsp;&nbsp;&nbsp;&nbsp;141145 | Apple, Inc. | 20365812 |
| 25055 | NetApp, Inc. | 1659393 |
|  |  | 22025205 |
| **Textiles, Apparel & Luxury Goods – 1.2%** | **Textiles, Apparel & Luxury Goods – 1.2%** | **Textiles, Apparel & Luxury Goods – 1.2%** |
| 17365 | Nike, Inc. Class B | 2211085 |
| **TOTAL COMMON STOCKS<br>(Cost $114,347,793)** | **TOTAL COMMON STOCKS<br>(Cost $114,347,793)** | $172201611 |
| **Exchange Traded Fund – 3.9%** | **Exchange Traded Fund – 3.9%** | **Exchange Traded Fund – 3.9%** |
| 30310 | iShares Russell 1000 Growth ETF<br> (Cost $6,527,387) | 7034345 |
| **Shares** | **Dividend Rate** | **Value** |
| **Investment Company – 1.7%** | **Investment Company – 1.7%** | **Investment Company – 1.7%** |
| State Street Institutional US Government Money Market Fund -<br>Premier Class | State Street Institutional US Government Money Market Fund -<br>Premier Class | State Street Institutional US Government Money Market Fund -<br>Premier Class |
| 3013841 | 4.183% | 3013841 |
| **(Cost $3,013,841)** | **(Cost $3,013,841)** |  |
| **TOTAL INVESTMENTS – 100.7%<br>(Cost $123,889,021)** | **TOTAL INVESTMENTS – 100.7%<br>(Cost $123,889,021)** | $182249797 |
| **LIABILITIES IN EXCESS OF<br> OTHER ASSETS – (0.7)%** | **LIABILITIES IN EXCESS OF<br> OTHER ASSETS – (0.7)%** | (1286310) |
| **NET ASSETS – 100.0%** | **NET ASSETS – 100.0%** | $180963487 |

---

---

| | |
|:---|:---|
| The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets. | The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets. |
| \* | Non-income producing security. |

---

------

THE VALUE FUND

## Schedule of Investments
*January 31, 2023 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – 96.1%** | **Common Stocks – 96.1%** | **Common Stocks – 96.1%** |
| **Aerospace & Defense – 1.8%** | **Aerospace & Defense – 1.8%** | **Aerospace & Defense – 1.8%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23500 | General Dynamics Corp. | $5476910 |
| **Air Freight & Logistics – 2.0%** | **Air Freight & Logistics – 2.0%** | **Air Freight & Logistics – 2.0%** |
| 33000 | United Parcel Service, Inc. Class B | 6112590 |
| **Banks – 7.5%** | **Banks – 7.5%** | **Banks – 7.5%** |
| 66000 | JPMorgan Chase & Co. | 9237360 |
| 138000 | Truist Financial Corp. | 6815820 |
| 133000 | U.S. Bancorp. | 6623400 |
|  |  | 22676580 |
| **Beverages – 1.8%** | **Beverages – 1.8%** | **Beverages – 1.8%** |
| 32000 | PepsiCo., Inc. | 5472640 |
| **Biotechnology – 2.1%** | **Biotechnology – 2.1%** | **Biotechnology – 2.1%** |
| 25500 | Amgen, Inc. | 6436200 |
| **Capital Markets – 8.4%** | **Capital Markets – 8.4%** | **Capital Markets – 8.4%** |
| 41000 | CME Group, Inc. | 7243060 |
| 66500 | Morgan Stanley | 6472445 |
| 66000 | Northern Trust Corp. | 6400020 |
| 47500 | T. Rowe Price Group, Inc. | 5532325 |
|  |  | 25647850 |
| **Chemicals – 2.0%** | **Chemicals – 2.0%** | **Chemicals – 2.0%** |
| 68500 | Eastman Chemical Co. | 6039645 |
| **Communications Equipment – 1.9%** | **Communications Equipment – 1.9%** | **Communications Equipment – 1.9%** |
| 120000 | Cisco Systems, Inc. | 5840400 |
| **Containers & Packaging – 1.9%** | **Containers & Packaging – 1.9%** | **Containers & Packaging – 1.9%** |
| 95500 | Sonoco Products Co. | 5836005 |
| **Diversified Telecommunication Services – 2.0%** | **Diversified Telecommunication Services – 2.0%** | **Diversified Telecommunication Services – 2.0%** |
| 300000 | AT&T, Inc. | 6111000 |
| **Electric Utilities – 5.2%** | **Electric Utilities – 5.2%** | **Electric Utilities – 5.2%** |
| 75000 | American Electric Power Co., Inc. | 7047000 |
| 87000 | Duke Energy Corp. | 8913150 |
|  |  | 15960150 |
| **Electrical Equipment – 3.8%** | **Electrical Equipment – 3.8%** | **Electrical Equipment – 3.8%** |
| 37000 | Eaton Corp. PLC | 6001770 |
| 61000 | Emerson Electric Co. | 5503420 |
|  |  | 11505190 |
| **Equity Real Estate Investment Trusts (REITs) – 4.0%** | **Equity Real Estate Investment Trusts (REITs) – 4.0%** | **Equity Real Estate Investment Trusts (REITs) – 4.0%** |
| 19500 | Public Storage | 5934630 |
| 73000 | WP Carey, Inc. | 6243690 |
|  |  | 12178320 |
| **Food & Staples Retailing – 1.7%** | **Food & Staples Retailing – 1.7%** | **Food & Staples Retailing – 1.7%** |
| 68500 | SYSCO Corp. | 5306010 |
| **Food Products – 1.8%** | **Food Products – 1.8%** | **Food Products – 1.8%** |
| 85000 | Mondelez International, Inc. Class A | 5562400 |
| **Health Care Equipment & Supplies – 2.1%** | **Health Care Equipment & Supplies – 2.1%** | **Health Care Equipment & Supplies – 2.1%** |
| 75000 | Medtronic PLC | 6276750 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **Health Care Providers & Services – 1.6%** | **Health Care Providers & Services – 1.6%** | **Health Care Providers & Services – 1.6%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56500 | CVS Health Corp. | $4984430 |
| **Hotels, Restaurants & Leisure – 1.9%** | **Hotels, Restaurants & Leisure – 1.9%** | **Hotels, Restaurants & Leisure – 1.9%** |
| 21500 | McDonald's Corp. | 5749100 |
| **Household Durables – 2.1%** | **Household Durables – 2.1%** | **Household Durables – 2.1%** |
| 40500 | Whirlpool Corp. | 6301395 |
| **Household Products – 1.8%** | **Household Products – 1.8%** | **Household Products – 1.8%** |
| 38500 | The Procter & Gamble Co. | 5481630 |
| **Insurance – 4.3%** | **Insurance – 4.3%** | **Insurance – 4.3%** |
| 97000 | MetLife, Inc. | 7082940 |
| 64000 | Principal Financial Group, Inc. | 5923200 |
|  |  | 13006140 |
| **IT Services – 3.6%** | **IT Services – 3.6%** | **IT Services – 3.6%** |
| 39500 | International Business Machines Corp. | 5321835 |
| 48000 | Paychex, Inc. | 5561280 |
|  |  | 10883115 |
| **Machinery – 2.1%** | **Machinery – 2.1%** | **Machinery – 2.1%** |
| 26500 | Illinois Tool Works, Inc. | 6255060 |
| **Media – 4.3%** | **Media – 4.3%** | **Media – 4.3%** |
| 32000 | Nexstar Media Group, Inc. | 6552640 |
| 180500 | The Interpublic Group of Cos., Inc. | 6581030 |
|  |  | 13133670 |
| **Oil, Gas & Consumable Fuels – 9.7%** | **Oil, Gas & Consumable Fuels – 9.7%** | **Oil, Gas & Consumable Fuels – 9.7%** |
| 100500 | Chevron Corp. | 17489010 |
| 91000 | ONEOK, Inc. | 6231680 |
| 25250 | Pioneer Natural Resources Co. | 5816338 |
|  |  | 29537028 |
| **Pharmaceuticals – 8.8%** | **Pharmaceuticals – 8.8%** | **Pharmaceuticals – 8.8%** |
| 57000 | Johnson & Johnson | 9314940 |
| 79000 | Merck & Co., Inc. | 8485390 |
| 201500 | Pfizer, Inc. | 8898240 |
|  |  | 26698570 |
| **Semiconductors & Semiconductor Equipment – 1.9%** | **Semiconductors & Semiconductor Equipment – 1.9%** | **Semiconductors & Semiconductor Equipment – 1.9%** |
| 33000 | Texas Instruments, Inc. | 5847930 |
| **Specialty Retail – 4.0%** | **Specialty Retail – 4.0%** | **Specialty Retail – 4.0%** |
| 71000 | Best Buy Co., Inc. | 6299120 |
| 18000 | The Home Depot, Inc. | 5835060 |
|  |  | 12134180 |
| **TOTAL COMMON STOCKS<br>(Cost $235,210,245)** | **TOTAL COMMON STOCKS<br>(Cost $235,210,245)** | $292450888 |
| **Exchange Traded Fund – 2.6%** | **Exchange Traded Fund – 2.6%** | **Exchange Traded Fund – 2.6%** |
| 50000 | iShares Russell 1000 Value Index Fund | 7972500 |

---

------

THE VALUE FUND

## Schedule of Investments (continued)
*January 31, 2023 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Shares** | **Dividend Rate** |  | **Value** |
| **Investment Company – 1.2%** | **Investment Company – 1.2%** | **Investment Company – 1.2%** | **Investment Company – 1.2%** |
| $3556906 | State Street Institutional US Government Money Market Fund - Premier Class | 4.183% | $3556906 |
| **(Cost $3,556,906)** | **(Cost $3,556,906)** | **(Cost $3,556,906)** |  |
| **TOTAL INVESTMENTS – 99.9%<br>(Cost $246,305,654)** | **TOTAL INVESTMENTS – 99.9%<br>(Cost $246,305,654)** | **TOTAL INVESTMENTS – 99.9%<br>(Cost $246,305,654)** | $303980294 |
| **OTHER ASSETS IN EXCESS OF<br> LIABILITIES – 0.1%** | **OTHER ASSETS IN EXCESS OF<br> LIABILITIES – 0.1%** | **OTHER ASSETS IN EXCESS OF<br> LIABILITIES – 0.1%** | 322746 |
| **NET ASSETS – 100.0%** | **NET ASSETS – 100.0%** | **NET ASSETS – 100.0%** | $304303040 |

---

The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets.

------

THE MIDCAP GROWTH FUND

## Schedule of Investments
*January 31, 2023 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – 94.9%** | **Common Stocks – 94.9%** | **Common Stocks – 94.9%** |
| **Aerospace & Defense – 1.2%** | **Aerospace & Defense – 1.2%** | **Aerospace & Defense – 1.2%** |
| 67510 | Howmet Aerospace, Inc. | $2746982 |
| **Air Freight & Logistics – 1.2%** | **Air Freight & Logistics – 1.2%** | **Air Freight & Logistics – 1.2%** |
| 27695 | CH Robinson Worldwide, Inc. | 2774208 |
| Biotechnology**\*** – 1.3% | Biotechnology**\*** – 1.3% | Biotechnology**\*** – 1.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;164930 | Exelixis, Inc. | 2906067 |
| **Capital Markets – 3.3%** | **Capital Markets – 3.3%** | **Capital Markets – 3.3%** |
| 5790 | FactSet Research Systems, Inc. | 2448822 |
| 9695 | Morningstar, Inc. | 2354722 |
| 5170 | MSCI, Inc. | 2748165 |
|  |  | 7551709 |
| **Chemicals – 2.2%** | **Chemicals – 2.2%** | **Chemicals – 2.2%** |
| 20745 | FMC Corp. | 2761782 |
| 25400 | RPM International, Inc. | 2283714 |
|  |  | 5045496 |
| **Commercial Services & Supplies – 2.3%** | **Commercial Services & Supplies – 2.3%** | **Commercial Services & Supplies – 2.3%** |
| 19485 | MSA Safety, Inc. | 2657559 |
| 69115 | Rollins, Inc. | 2515786 |
|  |  | 5173345 |
| **Communications Equipment – 2.3%** | **Communications Equipment – 2.3%** | **Communications Equipment – 2.3%** |
| 19900 | Arista Networks, Inc.\* | 2507798 |
| 9170 | Ubiquiti, Inc. | 2679107 |
|  |  | 5186905 |
| **Construction Materials – 1.1%** | **Construction Materials – 1.1%** | **Construction Materials – 1.1%** |
| 7175 | Martin Marietta Materials, Inc. | 2580417 |
| **Distributors – 1.3%** | **Distributors – 1.3%** | **Distributors – 1.3%** |
| 7890 | Pool Corp. | 3042463 |
| **Diversified Financial Services – 1.3%** | **Diversified Financial Services – 1.3%** | **Diversified Financial Services – 1.3%** |
| 40450 | Apollo Global Management, Inc. | 2863051 |
| **Electrical Equipment – 1.2%** | **Electrical Equipment – 1.2%** | **Electrical Equipment – 1.2%** |
| 9740 | Rockwell Automation, Inc. | 2746972 |
| **Electronic Equipment, Instruments & Components – 4.8%** | **Electronic Equipment, Instruments & Components – 4.8%** | **Electronic Equipment, Instruments & Components – 4.8%** |
| 32290 | Amphenol Corp. Class A | 2575773 |
| 13715 | CDW Corp. | 2688551 |
| 14290 | Keysight Technologies, Inc.\* | 2562912 |
| 10055 | Zebra Technologies Corp. Class A\* | 3179190 |
|  |  | 11006426 |
| **Entertainment\* – 1.3%** | **Entertainment\* – 1.3%** | **Entertainment\* – 1.3%** |
| 25315 | Take-Two Interactive Software, Inc. | 2866418 |
| **Equity Real Estate Investment Trusts (REITs) – 2.4%** | **Equity Real Estate Investment Trusts (REITs) – 2.4%** | **Equity Real Estate Investment Trusts (REITs) – 2.4%** |
| 39900 | Equity LifeStyle Properties, Inc. | 2864022 |
| 16790 | Extra Space Storage, Inc. | 2649966 |
|  |  | 5513988 |
| **Food Products – 3.7%** | **Food Products – 3.7%** | **Food Products – 3.7%** |
| 30730 | Lamb Weston Holdings, Inc. | 3069620 |
| 111320 | Pilgrim's Pride Corp.\* | 2702849 |
| 11200 | The Hershey Co. | 2515520 |
|  |  | 8287989 |
| **Health Care Equipment & Supplies\* – 1.2%** | **Health Care Equipment & Supplies\* – 1.2%** | **Health Care Equipment & Supplies\* – 1.2%** |
| 35745 | Globus Medical, Inc. Class A | 2698748 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **Health Care Providers & Services – 2.2%** | **Health Care Providers & Services – 2.2%** | **Health Care Providers & Services – 2.2%** |
| 5135 | Chemed Corp. | $2593894 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7590 | Molina Healthcare, Inc.\* | 2366790 |
|  |  | 4960684 |
| **Hotels, Restaurants & Leisure – 6.1%** | **Hotels, Restaurants & Leisure – 6.1%** | **Hotels, Restaurants & Leisure – 6.1%** |
| 1705 | Chipotle Mexican Grill, Inc.\* | 2807078 |
| 22125 | Choice Hotels International, Inc. | 2718941 |
| 7315 | Domino's Pizza, Inc. | 2582195 |
| 19165 | Hilton Worldwide Holdings, Inc. | 2780650 |
| 36700 | Wyndham Hotels & Resorts, Inc. | 2844617 |
|  |  | 13733481 |
| **Household Durables – 1.4%** | **Household Durables – 1.4%** | **Household Durables – 1.4%** |
| 52325 | Toll Brothers, Inc. | 3112814 |
| **Household Products – 1.1%** | **Household Products – 1.1%** | **Household Products – 1.1%** |
| 32285 | Church & Dwight Co., Inc. | 2610565 |
| **Insurance – 1.2%** | **Insurance – 1.2%** | **Insurance – 1.2%** |
| 20300 | Assurant, Inc. | 2691577 |
| **Internet & Direct Marketing Retail – 1.3%** | **Internet & Direct Marketing Retail – 1.3%** | **Internet & Direct Marketing Retail – 1.3%** |
| 60545 | eBay, Inc. | 2996978 |
| **IT Services – 7.0%** | **IT Services – 7.0%** | **IT Services – 7.0%** |
| 18230 | Broadridge Financial Solutions, Inc. | 2741063 |
| 7520 | Gartner, Inc.\* | 2542813 |
| 58240 | Genpact Ltd. | 2753587 |
| 34275 | GoDaddy, Inc. Class A\* | 2815005 |
| 14455 | Jack Henry & Associates, Inc. | 2603201 |
| 21465 | Paychex, Inc. | 2486935 |
|  |  | 15942604 |
| **Life Sciences Tools & Services – 8.2%** | **Life Sciences Tools & Services – 8.2%** | **Life Sciences Tools & Services – 8.2%** |
| 16790 | Agilent Technologies, Inc. | 2553423 |
| 30430 | Bio-Techne Corp. | 2424054 |
| 39475 | Bruker Corp. | 2767987 |
| 12210 | IQVIA Holdings, Inc.\* | 2801096 |
| 1745 | Mettler-Toledo International, Inc.\* | 2674946 |
| 7680 | Waters Corp.\* | 2523494 |
| 10505 | West Pharmaceutical Services, Inc. | 2790128 |
|  |  | 18535128 |
| **Machinery – 7.2%** | **Machinery – 7.2%** | **Machinery – 7.2%** |
| 44170 | Donaldson Co., Inc. | 2753999 |
| 38115 | Graco, Inc. | 2604017 |
| 11105 | Nordson Corp. | 2701846 |
| 32700 | Otis Worldwide Corp. | 2688921 |
| 8870 | Parker Hannifin Corp. | 2891620 |
| 23605 | The Toro Co. | 2632430 |
|  |  | 16272833 |
| **Media – 1.3%** | **Media – 1.3%** | **Media – 1.3%** |
| 14690 | Nexstar Media Group, Inc. | 3008071 |
| **Oil, Gas & Consumable Fuels – 3.2%** | **Oil, Gas & Consumable Fuels – 3.2%** | **Oil, Gas & Consumable Fuels – 3.2%** |
| 16020 | Cheniere Energy, Inc. | 2447696 |
| 39530 | ONEOK, Inc. | 2707014 |
| 1035 | Texas Pacific Land Corp. | 2065705 |
|  |  | 7220415 |
| **Professional Services – 2.2%** | **Professional Services – 2.2%** | **Professional Services – 2.2%** |
| 25350 | Booz Allen Hamilton Holding Corp. | 2399124 |
| 32280 | CoStar Group, Inc.\* | 2514612 |
|  |  | 4913736 |

---

------

THE MIDCAP GROWTH FUND

## Schedule of Investments (continued)
*January 31, 2023 (Unaudited)* 

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Common Stocks – (continued)** | **Common Stocks – (continued)** | **Common Stocks – (continued)** |
| **Road & Rail – 2.4%** | **Road & Rail – 2.4%** | **Road & Rail – 2.4%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14365 | JB Hunt Transport Services, Inc. | $2715703 |
| 15400 | Landstar System, Inc. | 2661582 |
|  |  | 5377285 |
| **Software – 12.0%** | **Software – 12.0%** | **Software – 12.0%** |
| 10395 | ANSYS, Inc.\* | 2768812 |
| 43445 | Black Knight, Inc.\* | 2632333 |
| 15735 | Cadence Design Systems, Inc.\* | 2876830 |
| 112935 | Dropbox, Inc. Class A\* | 2623480 |
| 4265 | Fair Isaac Corp.\* | 2840277 |
| 21465 | Manhattan Associates, Inc.\* | 2798177 |
| 115045 | Gen Digital Inc. | 2647186 |
| 20830 | PTC, Inc.\* | 2809550 |
| 7825 | Synopsys, Inc.\* | 2768094 |
| 7900 | Tyler Technologies, Inc.\* | 2549883 |
|  |  | 27314622 |
| **Specialty Retail – 3.7%** | **Specialty Retail – 3.7%** | **Specialty Retail – 3.7%** |
| 18170 | Advance Auto Parts, Inc. | 2766928 |
| 31485 | Best Buy Co., Inc. | 2793349 |
| 12355 | Tractor Supply Co. | 2816816 |
|  |  | 8377093 |
| **Technology Hardware, Storage & Peripherals – 1.2%** | **Technology Hardware, Storage & Peripherals – 1.2%** | **Technology Hardware, Storage & Peripherals – 1.2%** |
| 40780 | NetApp, Inc. | 2700859 |
| **Textiles, Apparel & Luxury Goods\* – 1.1%** | **Textiles, Apparel & Luxury Goods\* – 1.1%** | **Textiles, Apparel & Luxury Goods\* – 1.1%** |
| 8110 | Lululemon Athletica, Inc. | 2488797 |
| **TOTAL COMMON STOCKS<br>(Cost $165,709,175)** | **TOTAL COMMON STOCKS<br>(Cost $165,709,175)** | $215248726 |
| **Exchange Traded Fund – 3.5%** | **Exchange Traded Fund – 3.5%** | **Exchange Traded Fund – 3.5%** |
| 86990 | iShares Russell Midcap Growth Index Fund<br> (Cost $6,527,387) | 7906521 |
| **Investment Company – 1.5%** | **Investment Company – 1.5%** | **Investment Company – 1.5%** |
| State Street Institutional US Government Money Market Fund -<br>Premier Class | State Street Institutional US Government Money Market Fund -<br>Premier Class | State Street Institutional US Government Money Market Fund -<br>Premier Class |
| 3463192 | 4.183% | 3463192 |
| **(Cost $3,463,192)** | **(Cost $3,463,192)** | **(Cost $3,463,192)** |
| **TOTAL INVESTMENTS – 99.9%<br>(Cost $176,378,797)** | **TOTAL INVESTMENTS – 99.9%<br>(Cost $176,378,797)** | $226618439 |
| **OTHER ASSETS IN EXCESS OF<br> LIABILITIES – 0.1%** | **OTHER ASSETS IN EXCESS OF<br> LIABILITIES – 0.1%** | 192180 |
| **NET ASSETS – 100.0%** | **NET ASSETS – 100.0%** | $226810619 |

---

---

| | |
|:---|:---|
| The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets. | The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets. |
| \* | Non-income producing security. |

---

------

THE BOND FUND

## Schedule of Investments
*January 31, 2023 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – 46.7%** | **Corporate Obligations – 46.7%** | **Corporate Obligations – 46.7%** | **Corporate Obligations – 46.7%** |
| **Aerospace/Defense<sup>(a)</sup> – 0.5%** | **Aerospace/Defense<sup>(a)</sup> – 0.5%** | **Aerospace/Defense<sup>(a)</sup> – 0.5%** | **Aerospace/Defense<sup>(a)</sup> – 0.5%** |
| The Boeing Co. | The Boeing Co. | The Boeing Co. | The Boeing Co. |
| $5000000 | 5.805% | 05/01/50 | $5065913 |
| **Auto Manufacturers – 2.6%** | **Auto Manufacturers – 2.6%** | **Auto Manufacturers – 2.6%** | **Auto Manufacturers – 2.6%** |
| BMW Finance NV<sup>(a)(b)</sup> | BMW Finance NV<sup>(a)(b)</sup> | BMW Finance NV<sup>(a)(b)</sup> | BMW Finance NV<sup>(a)(b)</sup> |
| 4000000 | 2.400 | 08/14/24 | 3861046 |
| Ford Motor Co.<sup>(a)</sup> | Ford Motor Co.<sup>(a)</sup> | Ford Motor Co.<sup>(a)</sup> | Ford Motor Co.<sup>(a)</sup> |
| 2000000 | 4.346 | 12/08/26 | 1946606 |
| Ford Motor Credit Co. LLC | Ford Motor Credit Co. LLC | Ford Motor Credit Co. LLC | Ford Motor Credit Co. LLC |
| 2500000 | 4.134 | 08/04/25 | 2380762 |
| General Motors Co.<sup>(a)</sup> | General Motors Co.<sup>(a)</sup> | General Motors Co.<sup>(a)</sup> | General Motors Co.<sup>(a)</sup> |
| 3450000 | 6.600 | 04/01/36 | 3596840 |
| General Motors Financial Co., Inc.<sup>(a)</sup> | General Motors Financial Co., Inc.<sup>(a)</sup> | General Motors Financial Co., Inc.<sup>(a)</sup> | General Motors Financial Co., Inc.<sup>(a)</sup> |
| 2000000 | 2.400 | 04/10/28 | 1738851 |
| 1615000 | 3.100 | 01/12/32 | 1336337 |
| Mercedes-Benz Finance North America LLC<sup>(b)</sup> | Mercedes-Benz Finance North America LLC<sup>(b)</sup> | Mercedes-Benz Finance North America LLC<sup>(b)</sup> | Mercedes-Benz Finance North America LLC<sup>(b)</sup> |
| 1485000 | 0.750 | 03/01/24 | 1418786 |
| 2000000 | 5.375 | 11/26/25 | 2030054 |
| PACCAR Financial Corp. | PACCAR Financial Corp. | PACCAR Financial Corp. | PACCAR Financial Corp. |
| 5000000 | 2.150 | 08/15/24 | 4803891 |
| Volkswagen Group of America Finance LLC<sup>(b)</sup> | Volkswagen Group of America Finance LLC<sup>(b)</sup> | Volkswagen Group of America Finance LLC<sup>(b)</sup> | Volkswagen Group of America Finance LLC<sup>(b)</sup> |
| 4000000 | 4.750 | 11/13/28 | 3963842 |
|  |  |  | 27077015 |
| **Banks – 8.3%** | **Banks – 8.3%** | **Banks – 8.3%** | **Banks – 8.3%** |
| Bank of America Corp. | Bank of America Corp. | Bank of America Corp. | Bank of America Corp. |
| 3000000 | 4.450 | 03/03/26 | 2969565 |
| (3M USD LIBOR + 1.040%) | (3M USD LIBOR + 1.040%) | (3M USD LIBOR + 1.040%) | (3M USD LIBOR + 1.040%) |
| 6749000 | 3.419 <sup>(a)(c)</sup> | 12/20/28 | 6301165 |
| Citigroup, Inc. | Citigroup, Inc. | Citigroup, Inc. | Citigroup, Inc. |
| 1000000 | 5.500 | 09/13/25 | 1013217 |
| 3500000 | 4.450 | 09/29/27 | 3428291 |
| (SOFR + 2.086%) | (SOFR + 2.086%) | (SOFR + 2.086%) | (SOFR + 2.086%) |
| 4400000 | 4.910 <sup>(a)(c)</sup> | 05/24/33 | 4333590 |
| (SOFR + 1.379%) | (SOFR + 1.379%) | (SOFR + 1.379%) | (SOFR + 1.379%) |
| 2000000 | 2.904 <sup>(a)(c)</sup> | 11/03/42 | 1491580 |
| HSBC Holdings PLC | HSBC Holdings PLC | HSBC Holdings PLC | HSBC Holdings PLC |
| 3130000 | 6.100 | 01/14/42 | 3498785 |
| Huntington Bancshares, Inc.<sup>(a)(c)</sup><br> (SOFR + 2.050%) | Huntington Bancshares, Inc.<sup>(a)(c)</sup><br> (SOFR + 2.050%) | Huntington Bancshares, Inc.<sup>(a)(c)</sup><br> (SOFR + 2.050%) | Huntington Bancshares, Inc.<sup>(a)(c)</sup><br> (SOFR + 2.050%) |
| 4000000 | 5.023 | 05/17/33 | 3934470 |
| JPMorgan Chase & Co. | JPMorgan Chase & Co. | JPMorgan Chase & Co. | JPMorgan Chase & Co. |
| (3M USD LIBOR + 1.000%) | (3M USD LIBOR + 1.000%) | (3M USD LIBOR + 1.000%) | (3M USD LIBOR + 1.000%) |
| 150000 | 5.822 <sup>(c)</sup> | 04/26/23 | 149863 |
| (SOFR + 0.885%) | (SOFR + 0.885%) | (SOFR + 0.885%) | (SOFR + 0.885%) |
| 1500000 | 5.208 <sup>(a)(c)</sup> | 04/22/27 | 1477410 |
| (SOFR + 1.560%) | (SOFR + 1.560%) | (SOFR + 1.560%) | (SOFR + 1.560%) |
| 1000000 | 4.323 <sup>(a)(c)</sup> | 04/26/28 | 976768 |
| (3M USD LIBOR + 1.330%) | (3M USD LIBOR + 1.330%) | (3M USD LIBOR + 1.330%) | (3M USD LIBOR + 1.330%) |
| 2000000 | 4.452 <sup>(a)(c)</sup> | 12/05/29 | 1946657 |
| (3M USD LIBOR + 1.160%) | (3M USD LIBOR + 1.160%) | (3M USD LIBOR + 1.160%) | (3M USD LIBOR + 1.160%) |
| 1650000 | 3.702 <sup>(a)(c)</sup> | 05/06/30 | 1531864 |
| 2520000 | 5.600 | 07/15/41 | 2697512 |
| KeyBank NA | KeyBank NA | KeyBank NA | KeyBank NA |
| 3000000 | 3.400 | 05/20/26 | 2846841 |
| Mitsubishi UFJ Financial Group, Inc. | Mitsubishi UFJ Financial Group, Inc. | Mitsubishi UFJ Financial Group, Inc. | Mitsubishi UFJ Financial Group, Inc. |
| 3000000 | 3.777 | 03/02/25 | 2930070 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Banks – (continued)** | **Banks – (continued)** | **Banks – (continued)** | **Banks – (continued)** |
| Morgan Stanley<sup>(a)(c)</sup><br> (SOFR + 1.200%) | Morgan Stanley<sup>(a)(c)</sup><br> (SOFR + 1.200%) | Morgan Stanley<sup>(a)(c)</sup><br> (SOFR + 1.200%) | Morgan Stanley<sup>(a)(c)</sup><br> (SOFR + 1.200%) |
| $2900000 | 2.511% | 10/20/32 | $2388714 |
| Northern Trust Corp.<sup>(a)</sup> | Northern Trust Corp.<sup>(a)</sup> | Northern Trust Corp.<sup>(a)</sup> | Northern Trust Corp.<sup>(a)</sup> |
| 5438000 | 3.150 | 05/03/29 | 5064773 |
| PNC Bank NA | PNC Bank NA | PNC Bank NA | PNC Bank NA |
| 3830000 | 4.050 | 07/26/28 | 3695990 |
| The PNC Financial Services Group, Inc.<sup>(a)(c)</sup><br> (3M USD LIBOR + 3.678%) | The PNC Financial Services Group, Inc.<sup>(a)(c)</sup><br> (3M USD LIBOR + 3.678%) | The PNC Financial Services Group, Inc.<sup>(a)(c)</sup><br> (3M USD LIBOR + 3.678%) | The PNC Financial Services Group, Inc.<sup>(a)(c)</sup><br> (3M USD LIBOR + 3.678%) |
| 2500000 | 8.492 | 07/29/49 | 2506249 |
| Truist Financial Corp. | Truist Financial Corp. | Truist Financial Corp. | Truist Financial Corp. |
| 3500000 | 2.500 <sup>(a)</sup> | 08/01/24 | 3384347 |
| 2265000 | 1.125 <sup>(a)</sup> | 08/03/27 | 1966137 |
| (SOFR + 2.300%) | (SOFR + 2.300%) | (SOFR + 2.300%) | (SOFR + 2.300%) |
| 1900000 | 6.123 <sup>(a)(c)</sup> | 10/28/33 | 2061757 |
| (SOFR + 1.852%) | (SOFR + 1.852%) | (SOFR + 1.852%) | (SOFR + 1.852%) |
| 1000000 | 5.122 <sup>(a)</sup> | 01/26/34 | 1010031 |
| U.S. Bancorp<sup>(a)</sup><br> (SOFR + 1.600%) | U.S. Bancorp<sup>(a)</sup><br> (SOFR + 1.600%) | U.S. Bancorp<sup>(a)</sup><br> (SOFR + 1.600%) | U.S. Bancorp<sup>(a)</sup><br> (SOFR + 1.600%) |
| 7000000 | 4.839 | 02/01/34 | 6952950 |
| UBS Group AG | UBS Group AG | UBS Group AG | UBS Group AG |
| (1 year CMT + 0.850%) | (1 year CMT + 0.850%) | (1 year CMT + 0.850%) | (1 year CMT + 0.850%) |
| 2000000 | 1.494 <sup>(a)(b)(c)</sup> | 08/10/27 | 1758811 |
| (1 year CMT + 1.750%) | (1 year CMT + 1.750%) | (1 year CMT + 1.750%) | (1 year CMT + 1.750%) |
| 2500000 | 4.751 <sup>(a)(b)(c)</sup> | 05/12/28 | 2453885 |
| Wells Fargo & Co. | Wells Fargo & Co. | Wells Fargo & Co. | Wells Fargo & Co. |
| 2500000 | 4.100 | 06/03/26 | 2454249 |
| 1500000 | 4.650 | 11/04/44 | 1377576 |
| 5000000 | 4.750 | 12/07/46 | 4598702 |
| Wells Fargo Bank NA<sup>(d)</sup> | Wells Fargo Bank NA<sup>(d)</sup> | Wells Fargo Bank NA<sup>(d)</sup> | Wells Fargo Bank NA<sup>(d)</sup> |
| 2000000 | 6.180 | 02/15/36 | 2035221 |
|  |  |  | 85237040 |
| **Beverages<sup>(a)</sup> – 0.8%** | **Beverages<sup>(a)</sup> – 0.8%** | **Beverages<sup>(a)</sup> – 0.8%** | **Beverages<sup>(a)</sup> – 0.8%** |
| Anheuser-Busch InBev Worldwide, Inc. | Anheuser-Busch InBev Worldwide, Inc. | Anheuser-Busch InBev Worldwide, Inc. | Anheuser-Busch InBev Worldwide, Inc. |
| 1000000 | 4.600 | 04/15/48 | 940328 |
| 6000000 | 4.439 | 10/06/48 | 5503922 |
| PepsiCo, Inc. | PepsiCo, Inc. | PepsiCo, Inc. | PepsiCo, Inc. |
| 2190000 | 4.450 | 04/14/46 | 2193992 |
|  |  |  | 8638242 |
| **Biotechnology<sup>(a)</sup> – 0.2%** | **Biotechnology<sup>(a)</sup> – 0.2%** | **Biotechnology<sup>(a)</sup> – 0.2%** | **Biotechnology<sup>(a)</sup> – 0.2%** |
| Amgen, Inc. | Amgen, Inc. | Amgen, Inc. | Amgen, Inc. |
| 3175000 | 2.770 | 09/01/53 | 2042700 |
| **Chemicals<sup>(a)</sup> – 0.3%** | **Chemicals<sup>(a)</sup> – 0.3%** | **Chemicals<sup>(a)</sup> – 0.3%** | **Chemicals<sup>(a)</sup> – 0.3%** |
| Linde, Inc. | Linde, Inc. | Linde, Inc. | Linde, Inc. |
| 2000000 | 3.200 | 01/30/26 | 1952243 |
| The Sherwin-Williams Co. | The Sherwin-Williams Co. | The Sherwin-Williams Co. | The Sherwin-Williams Co. |
| 1075000 | 2.200 | 03/15/32 | 881127 |
|  |  |  | 2833370 |
| **Commercial Services – 1.5%** | **Commercial Services – 1.5%** | **Commercial Services – 1.5%** | **Commercial Services – 1.5%** |
| Emory University<sup>(a)</sup> | Emory University<sup>(a)</sup> | Emory University<sup>(a)</sup> | Emory University<sup>(a)</sup> |
| 2000000 | 1.566 | 09/01/25 | 1843638 |
| Equifax, Inc.<sup>(a)</sup> | Equifax, Inc.<sup>(a)</sup> | Equifax, Inc.<sup>(a)</sup> | Equifax, Inc.<sup>(a)</sup> |
| 2000000 | 5.100 | 12/15/27 | 2026955 |

---

------

THE BOND FUND

## Schedule of Investments (continued)
*January 31, 2023 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Commercial Services – (continued)** | **Commercial Services – (continued)** | **Commercial Services – (continued)** | **Commercial Services – (continued)** |
| Henry J. Kaiser Family Foundation | Henry J. Kaiser Family Foundation | Henry J. Kaiser Family Foundation | Henry J. Kaiser Family Foundation |
| $6250000 | 3.356% | 12/01/25 | $5928151 |
| Northwestern University | Northwestern University | Northwestern University | Northwestern University |
| 1000000 | 4.643 | 12/01/44 | 998732 |
| The Corp. of Gonzaga University | The Corp. of Gonzaga University | The Corp. of Gonzaga University | The Corp. of Gonzaga University |
| 3500000 | 4.158 | 04/01/46 | 2926423 |
| Thomas Jefferson University | Thomas Jefferson University | Thomas Jefferson University | Thomas Jefferson University |
| 1375000 | 2.368 | 11/01/25 | 1273854 |
|  |  |  | 14997753 |
| **Computers<sup>(a)</sup> – 0.3%** | **Computers<sup>(a)</sup> – 0.3%** | **Computers<sup>(a)</sup> – 0.3%** | **Computers<sup>(a)</sup> – 0.3%** |
| CGI, Inc. | CGI, Inc. | CGI, Inc. | CGI, Inc. |
| 4000000 | 2.300 | 09/14/31 | 3137597 |
| **Computers & Peripherals<sup>(a)</sup> – 0.4%** | **Computers & Peripherals<sup>(a)</sup> – 0.4%** | **Computers & Peripherals<sup>(a)</sup> – 0.4%** | **Computers & Peripherals<sup>(a)</sup> – 0.4%** |
| Amazon.com, Inc. | Amazon.com, Inc. | Amazon.com, Inc. | Amazon.com, Inc. |
| 2000000 | 4.700 | 12/01/32 | 2044697 |
| Meta Platforms, Inc. | Meta Platforms, Inc. | Meta Platforms, Inc. | Meta Platforms, Inc. |
| 2320000 | 3.850 | 08/15/32 | 2152304 |
|  |  |  | 4197001 |
| **Distribution/Wholesale<sup>(a)</sup> – 0.3%** | **Distribution/Wholesale<sup>(a)</sup> – 0.3%** | **Distribution/Wholesale<sup>(a)</sup> – 0.3%** | **Distribution/Wholesale<sup>(a)</sup> – 0.3%** |
| WW Grainger, Inc. | WW Grainger, Inc. | WW Grainger, Inc. | WW Grainger, Inc. |
| 3260000 | 4.600 | 06/15/45 | 3192251 |
| **Diversified Financial Services – 1.9%** | **Diversified Financial Services – 1.9%** | **Diversified Financial Services – 1.9%** | **Diversified Financial Services – 1.9%** |
| Aircastle Ltd.<sup>(a)</sup> | Aircastle Ltd.<sup>(a)</sup> | Aircastle Ltd.<sup>(a)</sup> | Aircastle Ltd.<sup>(a)</sup> |
| 1000000 | 4.250 | 06/15/26 | 963160 |
| Aviation Capital Group LLC<sup>(a)(b)</sup> | Aviation Capital Group LLC<sup>(a)(b)</sup> | Aviation Capital Group LLC<sup>(a)(b)</sup> | Aviation Capital Group LLC<sup>(a)(b)</sup> |
| 5500000 | 1.950 | 09/20/26 | 4769229 |
| Blackstone Secured Lending Fund<sup>(a)</sup> | Blackstone Secured Lending Fund<sup>(a)</sup> | Blackstone Secured Lending Fund<sup>(a)</sup> | Blackstone Secured Lending Fund<sup>(a)</sup> |
| 4200000 | 3.625 | 01/15/26 | 3912213 |
| Brookfield Finance, Inc.<sup>(a)</sup> | Brookfield Finance, Inc.<sup>(a)</sup> | Brookfield Finance, Inc.<sup>(a)</sup> | Brookfield Finance, Inc.<sup>(a)</sup> |
| 3100000 | 4.700 | 09/20/47 | 2690742 |
| Capital One Financial Corp.<sup>(a)(c)</sup><br> (SOFR + 2.370%) | Capital One Financial Corp.<sup>(a)(c)</sup><br> (SOFR + 2.370%) | Capital One Financial Corp.<sup>(a)(c)</sup><br> (SOFR + 2.370%) | Capital One Financial Corp.<sup>(a)(c)</sup><br> (SOFR + 2.370%) |
| 3000000 | 5.268 | 05/10/33 | 2929475 |
| CDP Financial, Inc.<sup>(b)</sup> | CDP Financial, Inc.<sup>(b)</sup> | CDP Financial, Inc.<sup>(b)</sup> | CDP Financial, Inc.<sup>(b)</sup> |
| 1000000 | 3.150 | 07/24/24 | 976243 |
| The Charles Schwab Corp.<sup>(a)</sup> | The Charles Schwab Corp.<sup>(a)</sup> | The Charles Schwab Corp.<sup>(a)</sup> | The Charles Schwab Corp.<sup>(a)</sup> |
| 1225000 | 2.750 | 10/01/29 | 1095814 |
| 2500000 | 1.950 | 12/01/31 | 2041278 |
|  |  |  | 19378154 |
| **Electrical Equipment – 3.6%** | **Electrical Equipment – 3.6%** | **Electrical Equipment – 3.6%** | **Electrical Equipment – 3.6%** |
| Arizona Public Service Co. | Arizona Public Service Co. | Arizona Public Service Co. | Arizona Public Service Co. |
| 2150000 | 6.875 | 08/01/36 | 2397086 |
| Consumers Energy Co.<sup>(a)</sup> | Consumers Energy Co.<sup>(a)</sup> | Consumers Energy Co.<sup>(a)</sup> | Consumers Energy Co.<sup>(a)</sup> |
| 3290000 | 3.950 | 07/15/47 | 2848007 |
| Emerson Electric Co. | Emerson Electric Co. | Emerson Electric Co. | Emerson Electric Co. |
| 1000000 | 6.125 | 04/15/39 | 1094852 |
| Entergy Louisiana LLC<sup>(a)</sup> | Entergy Louisiana LLC<sup>(a)</sup> | Entergy Louisiana LLC<sup>(a)</sup> | Entergy Louisiana LLC<sup>(a)</sup> |
| 3000000 | 3.780 | 04/01/25 | 2911210 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Electrical Equipment – (continued)** | **Electrical Equipment – (continued)** | **Electrical Equipment – (continued)** | **Electrical Equipment – (continued)** |
| Gulf Power Co.<sup>(a)</sup> | Gulf Power Co.<sup>(a)</sup> | Gulf Power Co.<sup>(a)</sup> | Gulf Power Co.<sup>(a)</sup> |
| $1250000 | 4.550% | 10/01/44 | $1160140 |
| Louisville Gas & Electric Co.<sup>(a)</sup> | Louisville Gas & Electric Co.<sup>(a)</sup> | Louisville Gas & Electric Co.<sup>(a)</sup> | Louisville Gas & Electric Co.<sup>(a)</sup> |
| 1850000 | 4.650 | 11/15/43 | 1672026 |
| National Grid USA | National Grid USA | National Grid USA | National Grid USA |
| 3375000 | 8.000 | 11/15/30 | 3808236 |
| Nevada Power Co.<sup>(a)</sup> | Nevada Power Co.<sup>(a)</sup> | Nevada Power Co.<sup>(a)</sup> | Nevada Power Co.<sup>(a)</sup> |
| 1250000 | 3.125 | 08/01/50 | 901852 |
| Ohio Power Co. | Ohio Power Co. | Ohio Power Co. | Ohio Power Co. |
| 2870000 | 5.850 | 10/01/35 | 2965377 |
| Pacific Gas and Electric Co.<sup>(a)</sup> | Pacific Gas and Electric Co.<sup>(a)</sup> | Pacific Gas and Electric Co.<sup>(a)</sup> | Pacific Gas and Electric Co.<sup>(a)</sup> |
| 1000000 | 4.550 | 07/01/30 | 930340 |
| 1000000 | 4.950 | 07/01/50 | 830094 |
| PacifiCorp | PacifiCorp | PacifiCorp | PacifiCorp |
| 1900000 | 6.100 | 08/01/36 | 2066672 |
| PG&E Wildfire Recovery Funding LLC | PG&E Wildfire Recovery Funding LLC | PG&E Wildfire Recovery Funding LLC | PG&E Wildfire Recovery Funding LLC |
| 1149257 | 3.594 | 06/01/30 | 1104774 |
| PPL Electric Utilities Corp.<sup>(a)</sup> | PPL Electric Utilities Corp.<sup>(a)</sup> | PPL Electric Utilities Corp.<sup>(a)</sup> | PPL Electric Utilities Corp.<sup>(a)</sup> |
| 2225000 | 4.750 | 07/15/43 | 2137439 |
| Public Service Enterprise Group, Inc.<sup>(a)</sup> | Public Service Enterprise Group, Inc.<sup>(a)</sup> | Public Service Enterprise Group, Inc.<sup>(a)</sup> | Public Service Enterprise Group, Inc.<sup>(a)</sup> |
| 5500000 | 8.625 | 04/15/31 | 6589605 |
| Southern California Edison Co. | Southern California Edison Co. | Southern California Edison Co. | Southern California Edison Co. |
| 1000000 | 5.550 | 01/15/37 | 1029537 |
| Wisconsin Power and Light Co.<sup>(a)</sup> | Wisconsin Power and Light Co.<sup>(a)</sup> | Wisconsin Power and Light Co.<sup>(a)</sup> | Wisconsin Power and Light Co.<sup>(a)</sup> |
| 1000000 | 1.950 | 09/16/31 | 809682 |
| Wisconsin Public Service Corp.<sup>(a)</sup> | Wisconsin Public Service Corp.<sup>(a)</sup> | Wisconsin Public Service Corp.<sup>(a)</sup> | Wisconsin Public Service Corp.<sup>(a)</sup> |
| 3000000 | 3.300 | 09/01/49 | 2257760 |
|  |  |  | 37514689 |
| **Energy Minerals<sup>(a)</sup> – 0.4%** | **Energy Minerals<sup>(a)</sup> – 0.4%** | **Energy Minerals<sup>(a)</sup> – 0.4%** | **Energy Minerals<sup>(a)</sup> – 0.4%** |
| HF Sinclair Corp. | HF Sinclair Corp. | HF Sinclair Corp. | HF Sinclair Corp. |
| 3850000 | 5.875 | 04/01/26 | 3874886 |
| **Entertainment<sup>(a)(b)</sup> – 0.1%** | **Entertainment<sup>(a)(b)</sup> – 0.1%** | **Entertainment<sup>(a)(b)</sup> – 0.1%** | **Entertainment<sup>(a)(b)</sup> – 0.1%** |
| Warnermedia Holdings, Inc. | Warnermedia Holdings, Inc. | Warnermedia Holdings, Inc. | Warnermedia Holdings, Inc. |
| 1000000 | 3.755 | 03/15/27 | 935758 |
| **Food<sup>(a)(b)</sup> – 0.7%** | **Food<sup>(a)(b)</sup> – 0.7%** | **Food<sup>(a)(b)</sup> – 0.7%** | **Food<sup>(a)(b)</sup> – 0.7%** |
| Nestle Holdings, Inc. | Nestle Holdings, Inc. | Nestle Holdings, Inc. | Nestle Holdings, Inc. |
| 6700000 | 4.300 | 10/01/32 | 6785150 |
| **Gas<sup>(a)</sup> – 0.7%** | **Gas<sup>(a)</sup> – 0.7%** | **Gas<sup>(a)</sup> – 0.7%** | **Gas<sup>(a)</sup> – 0.7%** |
| Atmos Energy Corp. | Atmos Energy Corp. | Atmos Energy Corp. | Atmos Energy Corp. |
| 1400000 | 4.125 | 03/15/49 | 1217865 |
| Boston Gas Co.<sup>(b)</sup> | Boston Gas Co.<sup>(b)</sup> | Boston Gas Co.<sup>(b)</sup> | Boston Gas Co.<sup>(b)</sup> |
| 2900000 | 3.001 | 08/01/29 | 2577745 |
| Northwest Natural Gas Co. | Northwest Natural Gas Co. | Northwest Natural Gas Co. | Northwest Natural Gas Co. |
| 4650000 | 3.869 | 06/15/49 | 3600054 |
|  |  |  | 7395664 |
| **Healthcare-Products<sup>(a)</sup> – 0.2%** | **Healthcare-Products<sup>(a)</sup> – 0.2%** | **Healthcare-Products<sup>(a)</sup> – 0.2%** | **Healthcare-Products<sup>(a)</sup> – 0.2%** |
| Baxter International, Inc. | Baxter International, Inc. | Baxter International, Inc. | Baxter International, Inc. |
| 3000000 | 2.539 | 02/01/32 | 2448210 |

---

------

THE BOND FUND

*January 31, 2023 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Healthcare-Services – 2.5%** | **Healthcare-Services – 2.5%** | **Healthcare-Services – 2.5%** | **Healthcare-Services – 2.5%** |
| Adventist Health System<sup>(a)</sup> | Adventist Health System<sup>(a)</sup> | Adventist Health System<sup>(a)</sup> | Adventist Health System<sup>(a)</sup> |
| $7000000 | 2.952% | 03/01/29 | $6140918 |
| Ascension Health | Ascension Health | Ascension Health | Ascension Health |
| 3000000 | 2.532 <sup>(a)</sup> | 11/15/29 | 2629601 |
| 1500000 | 3.945 | 11/15/46 | 1316590 |
| Baptist Health South Florida, Inc. | Baptist Health South Florida, Inc. | Baptist Health South Florida, Inc. | Baptist Health South Florida, Inc. |
| 3695000 | 4.342 | 11/15/41 | 3258237 |
| Community Health Network, Inc. | Community Health Network, Inc. | Community Health Network, Inc. | Community Health Network, Inc. |
| 2225000 | 4.237 | 05/01/25 | 2161353 |
| Mayo Clinic | Mayo Clinic | Mayo Clinic | Mayo Clinic |
| 2600000 | 3.774 | 11/15/43 | 2256544 |
| SSM Health Care Corp.<sup>(a)</sup> | SSM Health Care Corp.<sup>(a)</sup> | SSM Health Care Corp.<sup>(a)</sup> | SSM Health Care Corp.<sup>(a)</sup> |
| 3000000 | 3.688 | 06/01/23 | 2989103 |
| 4990000 | 3.823 | 06/01/27 | 4818297 |
|  |  |  | 25570643 |
| **Insurance – 6.4%** | **Insurance – 6.4%** | **Insurance – 6.4%** | **Insurance – 6.4%** |
| Americo Life, Inc.<sup>(b)</sup> | Americo Life, Inc.<sup>(b)</sup> | Americo Life, Inc.<sup>(b)</sup> | Americo Life, Inc.<sup>(b)</sup> |
| 5206000 | 3.450 | 04/15/31 | 4096595 |
| Arch Capital Group Ltd. | Arch Capital Group Ltd. | Arch Capital Group Ltd. | Arch Capital Group Ltd. |
| 2149000 | 7.350 | 05/01/34 | 2520500 |
| Assured Guaranty US Holdings, Inc.<sup>(a)</sup> | Assured Guaranty US Holdings, Inc.<sup>(a)</sup> | Assured Guaranty US Holdings, Inc.<sup>(a)</sup> | Assured Guaranty US Holdings, Inc.<sup>(a)</sup> |
| 4715000 | 3.150 | 06/15/31 | 4087238 |
| AXIS Specialty Finance LLC<sup>(a)</sup> | AXIS Specialty Finance LLC<sup>(a)</sup> | AXIS Specialty Finance LLC<sup>(a)</sup> | AXIS Specialty Finance LLC<sup>(a)</sup> |
| 3000000 | 3.900 | 07/15/29 | 2789971 |
| Berkshire Hathaway Finance Corp.<sup>(a)</sup> | Berkshire Hathaway Finance Corp.<sup>(a)</sup> | Berkshire Hathaway Finance Corp.<sup>(a)</sup> | Berkshire Hathaway Finance Corp.<sup>(a)</sup> |
| 4220000 | 4.200 | 08/15/48 | 3924252 |
| Equitable Financial Life Global Funding<sup>(b)</sup> | Equitable Financial Life Global Funding<sup>(b)</sup> | Equitable Financial Life Global Funding<sup>(b)</sup> | Equitable Financial Life Global Funding<sup>(b)</sup> |
| 3000000 | 1.300 | 07/12/26 | 2652248 |
| 5000000 | 1.750 | 11/15/30 | 3986116 |
| Guardian Life Global Funding<sup>(b)</sup> | Guardian Life Global Funding<sup>(b)</sup> | Guardian Life Global Funding<sup>(b)</sup> | Guardian Life Global Funding<sup>(b)</sup> |
| 5000000 | 1.250 | 11/19/27 | 4291681 |
| Jackson National Life Global Funding<sup>(b)</sup> | Jackson National Life Global Funding<sup>(b)</sup> | Jackson National Life Global Funding<sup>(b)</sup> | Jackson National Life Global Funding<sup>(b)</sup> |
| 2600000 | 3.250 | 01/30/24 | 2552829 |
| Loews Corp. | Loews Corp. | Loews Corp. | Loews Corp. |
| 3000000 | 6.000 | 02/01/35 | 3236351 |
| MassMutual Global Funding II<sup>(b)</sup> | MassMutual Global Funding II<sup>(b)</sup> | MassMutual Global Funding II<sup>(b)</sup> | MassMutual Global Funding II<sup>(b)</sup> |
| 6150000 | 2.950 | 01/11/25 | 5947859 |
| MetLife, Inc.<sup>(a)</sup> | MetLife, Inc.<sup>(a)</sup> | MetLife, Inc.<sup>(a)</sup> | MetLife, Inc.<sup>(a)</sup> |
| 2055000 | 10.750 | 08/01/39 | 2825830 |
| New York Life Global Funding<sup>(b)</sup> | New York Life Global Funding<sup>(b)</sup> | New York Life Global Funding<sup>(b)</sup> | New York Life Global Funding<sup>(b)</sup> |
| 7500000 | 4.550 | 01/28/33 | 7500193 |
| Principal Life Global Funding II<sup>(b)</sup> | Principal Life Global Funding II<sup>(b)</sup> | Principal Life Global Funding II<sup>(b)</sup> | Principal Life Global Funding II<sup>(b)</sup> |
| 1340000 | 0.500 | 01/08/24 | 1285453 |
| Reinsurance Group of America, Inc. | Reinsurance Group of America, Inc. | Reinsurance Group of America, Inc. | Reinsurance Group of America, Inc. |
| 2500000 | 3.150 <sup>(a)</sup> | 06/15/30 | 2201292 |
| (3M USD LIBOR + 2.665%) | (3M USD LIBOR + 2.665%) | (3M USD LIBOR + 2.665%) | (3M USD LIBOR + 2.665%) |
| 2000000 | 7.434 <sup>(a)(c)</sup> | 12/15/65 | 1763267 |
| Reliance Standard Life Global Funding II<sup>(b)</sup> | Reliance Standard Life Global Funding II<sup>(b)</sup> | Reliance Standard Life Global Funding II<sup>(b)</sup> | Reliance Standard Life Global Funding II<sup>(b)</sup> |
| 1750000 | 2.750 | 01/21/27 | 1598692 |
| Teachers Insurance & Annuity Association of America<sup>(a)(b)</sup> | Teachers Insurance & Annuity Association of America<sup>(a)(b)</sup> | Teachers Insurance & Annuity Association of America<sup>(a)(b)</sup> | Teachers Insurance & Annuity Association of America<sup>(a)(b)</sup> |
| 3000000 | 4.270 | 05/15/47 | 2681845 |
| The Prudential Insurance Co. of America<sup>(b)</sup> | The Prudential Insurance Co. of America<sup>(b)</sup> | The Prudential Insurance Co. of America<sup>(b)</sup> | The Prudential Insurance Co. of America<sup>(b)</sup> |
| 2775000 | 8.300 | 07/01/25 | 2938340 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Insurance – (continued)** | **Insurance – (continued)** | **Insurance – (continued)** | **Insurance – (continued)** |
| The Travelers Cos., Inc.<sup>(a)</sup> | The Travelers Cos., Inc.<sup>(a)</sup> | The Travelers Cos., Inc.<sup>(a)</sup> | The Travelers Cos., Inc.<sup>(a)</sup> |
| $2000000 | 4.100% | 03/04/49 | $1744546 |
| Travelers Property Casualty Corp. | Travelers Property Casualty Corp. | Travelers Property Casualty Corp. | Travelers Property Casualty Corp. |
| 1493000 | 7.750 | 04/15/26 | 1633305 |
|  |  |  | 66258403 |
| **Machinery-Diversified – 0.7%** | **Machinery-Diversified – 0.7%** | **Machinery-Diversified – 0.7%** | **Machinery-Diversified – 0.7%** |
| John Deere Capital Corp. | John Deere Capital Corp. | John Deere Capital Corp. | John Deere Capital Corp. |
| 4000000 | 4.350 | 09/15/32 | 4013125 |
| Rockwell Automation, Inc.<sup>(a)</sup> | Rockwell Automation, Inc.<sup>(a)</sup> | Rockwell Automation, Inc.<sup>(a)</sup> | Rockwell Automation, Inc.<sup>(a)</sup> |
| 3000000 | 3.500 | 03/01/29 | 2862569 |
|  |  |  | 6875694 |
| **Media – 0.5%** | **Media – 0.5%** | **Media – 0.5%** | **Media – 0.5%** |
| Comcast Corp. | Comcast Corp. | Comcast Corp. | Comcast Corp. |
| 1250000 | 6.400 | 05/15/38 | 1417066 |
| 1500000 | 2.800 <sup>(a)</sup> | 01/15/51 | 1030681 |
| ViacomCBS, Inc. | ViacomCBS, Inc. | ViacomCBS, Inc. | ViacomCBS, Inc. |
| 2500000 | 7.875 | 09/01/23 | 2537465 |
|  |  |  | 4985212 |
| **Miscellaneous Manufacturing<sup>(a)(c)</sup> – 0.4%** | **Miscellaneous Manufacturing<sup>(a)(c)</sup> – 0.4%** | **Miscellaneous Manufacturing<sup>(a)(c)</sup> – 0.4%** | **Miscellaneous Manufacturing<sup>(a)(c)</sup> – 0.4%** |
| General Electric Co.<br> (3M USD LIBOR + 3.330%) | General Electric Co.<br> (3M USD LIBOR + 3.330%) | General Electric Co.<br> (3M USD LIBOR + 3.330%) | General Electric Co.<br> (3M USD LIBOR + 3.330%) |
| 3748000 | 8.099 | 12/29/49 | 3735819 |
| **Oil-Field Services – 2.1%** | **Oil-Field Services – 2.1%** | **Oil-Field Services – 2.1%** | **Oil-Field Services – 2.1%** |
| Apache Corp.<sup>(a)</sup> | Apache Corp.<sup>(a)</sup> | Apache Corp.<sup>(a)</sup> | Apache Corp.<sup>(a)</sup> |
| 2835000 | 5.100 | 09/01/40 | 2475664 |
| BP Capital Markets America, Inc.<sup>(a)</sup> | BP Capital Markets America, Inc.<sup>(a)</sup> | BP Capital Markets America, Inc.<sup>(a)</sup> | BP Capital Markets America, Inc.<sup>(a)</sup> |
| 4000000 | 3.543 | 04/06/27 | 3875077 |
| Equinor ASA | Equinor ASA | Equinor ASA | Equinor ASA |
| 1795000 | 6.800 | 01/15/28 | 1956786 |
| Phillips 66<sup>(a)</sup> | Phillips 66<sup>(a)</sup> | Phillips 66<sup>(a)</sup> | Phillips 66<sup>(a)</sup> |
| 3000000 | 4.650 | 11/15/34 | 2949885 |
| Saudi Arabian Oil Co.<sup>(b)</sup> | Saudi Arabian Oil Co.<sup>(b)</sup> | Saudi Arabian Oil Co.<sup>(b)</sup> | Saudi Arabian Oil Co.<sup>(b)</sup> |
| 5000000 | 3.500 | 04/16/29 | 4686900 |
| Schlumberger Investment SA<sup>(a)</sup> | Schlumberger Investment SA<sup>(a)</sup> | Schlumberger Investment SA<sup>(a)</sup> | Schlumberger Investment SA<sup>(a)</sup> |
| 3600000 | 2.650 | 06/26/30 | 3195042 |
| Tosco Corp. | Tosco Corp. | Tosco Corp. | Tosco Corp. |
| 2095000 | 8.125 | 02/15/30 | 2502263 |
|  |  |  | 21641617 |
| **Paper and Forest Products – 1.0%** | **Paper and Forest Products – 1.0%** | **Paper and Forest Products – 1.0%** | **Paper and Forest Products – 1.0%** |
| Georgia-Pacific LLC<sup>(b)</sup> | Georgia-Pacific LLC<sup>(b)</sup> | Georgia-Pacific LLC<sup>(b)</sup> | Georgia-Pacific LLC<sup>(b)</sup> |
| 2225000 | 0.625 | 05/15/24 | 2109299 |
| 5000000 | 2.100 <sup>(a)</sup> | 04/30/27 | 4548889 |
| International Paper Co. | International Paper Co. | International Paper Co. | International Paper Co. |
| 2925000 | 8.700 | 06/15/38 | 3841269 |
|  |  |  | 10499457 |
| **Pharmaceuticals – 1.6%** | **Pharmaceuticals – 1.6%** | **Pharmaceuticals – 1.6%** | **Pharmaceuticals – 1.6%** |
| Bristol-Myers Squibb Co.<sup>(a)</sup> | Bristol-Myers Squibb Co.<sup>(a)</sup> | Bristol-Myers Squibb Co.<sup>(a)</sup> | Bristol-Myers Squibb Co.<sup>(a)</sup> |
| 3250000 | 3.900 | 02/20/28 | 3197730 |

---

------

THE BOND FUND

*January 31, 2023 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Pharmaceuticals – (continued)** | **Pharmaceuticals – (continued)** | **Pharmaceuticals – (continued)** | **Pharmaceuticals – (continued)** |
| CVS Pass-Through Trust<sup>(b)</sup> | CVS Pass-Through Trust<sup>(b)</sup> | CVS Pass-Through Trust<sup>(b)</sup> | CVS Pass-Through Trust<sup>(b)</sup> |
| $2152164 | 7.507% | 01/10/32 | $2322530 |
| Johnson & Johnson | Johnson & Johnson | Johnson & Johnson | Johnson & Johnson |
| 4970000 | 5.950 | 08/15/37 | 5754576 |
| Pfizer, Inc. | Pfizer, Inc. | Pfizer, Inc. | Pfizer, Inc. |
| 2000000 | 1.750 <sup>(a)</sup> | 08/18/31 | 1667977 |
| 2900000 | 7.200 | 03/15/39 | 3701255 |
|  |  |  | 16644068 |
| **Pipelines – 2.0%** | **Pipelines – 2.0%** | **Pipelines – 2.0%** | **Pipelines – 2.0%** |
| DCP Midstream Operating LP | DCP Midstream Operating LP | DCP Midstream Operating LP | DCP Midstream Operating LP |
| 3397000 | 8.125 | 08/16/30 | 3873256 |
| Energy Transfer LP<sup>(a)</sup> | Energy Transfer LP<sup>(a)</sup> | Energy Transfer LP<sup>(a)</sup> | Energy Transfer LP<sup>(a)</sup> |
| 3000000 | 4.900 | 03/15/35 | 2816698 |
| Kinder Morgan Energy Partners LP | Kinder Morgan Energy Partners LP | Kinder Morgan Energy Partners LP | Kinder Morgan Energy Partners LP |
| 4175000 | 5.800 | 03/15/35 | 4267956 |
| Magellan Midstream Partners LP<sup>(a)</sup> | Magellan Midstream Partners LP<sup>(a)</sup> | Magellan Midstream Partners LP<sup>(a)</sup> | Magellan Midstream Partners LP<sup>(a)</sup> |
| 2635000 | 3.950 | 03/01/50 | 2077201 |
| Tennessee Gas Pipeline Co. LLC | Tennessee Gas Pipeline Co. LLC | Tennessee Gas Pipeline Co. LLC | Tennessee Gas Pipeline Co. LLC |
| 628000 | 8.375 | 06/15/32 | 730269 |
| 1450000 | 7.625 | 04/01/37 | 1641553 |
| TransCanada PipeLines Ltd.<sup>(a)</sup> | TransCanada PipeLines Ltd.<sup>(a)</sup> | TransCanada PipeLines Ltd.<sup>(a)</sup> | TransCanada PipeLines Ltd.<sup>(a)</sup> |
| 1000000 | 4.875 | 01/15/26 | 1004267 |
| Transcanada Trust<sup>(a)(c)</sup><br> (3M USD LIBOR + 3.208%) | Transcanada Trust<sup>(a)(c)</sup><br> (3M USD LIBOR + 3.208%) | Transcanada Trust<sup>(a)(c)</sup><br> (3M USD LIBOR + 3.208%) | Transcanada Trust<sup>(a)(c)</sup><br> (3M USD LIBOR + 3.208%) |
| 4660000 | 5.300 | 03/15/77 | 4194000 |
|  |  |  | 20605200 |
| **Real Estate<sup>(a)</sup> – 3.3%** | **Real Estate<sup>(a)</sup> – 3.3%** | **Real Estate<sup>(a)</sup> – 3.3%** | **Real Estate<sup>(a)</sup> – 3.3%** |
| AvalonBay Communities, Inc. | AvalonBay Communities, Inc. | AvalonBay Communities, Inc. | AvalonBay Communities, Inc. |
| 1500000 | 1.900 | 12/01/28 | 1289436 |
| ERP Operating LP | ERP Operating LP | ERP Operating LP | ERP Operating LP |
| 1505000 | 2.850 | 11/01/26 | 1412180 |
| Healthcare Realty Holding LP | Healthcare Realty Holding LP | Healthcare Realty Holding LP | Healthcare Realty Holding LP |
| 1075000 | 2.050 | 03/15/31 | 817509 |
| Kimco Realty Corp. | Kimco Realty Corp. | Kimco Realty Corp. | Kimco Realty Corp. |
| 1000000 | 3.850 | 06/01/25 | 966343 |
| Mid-America Apartments LP | Mid-America Apartments LP | Mid-America Apartments LP | Mid-America Apartments LP |
| 1900000 | 1.100 | 09/15/26 | 1676385 |
| National Retail Properties, Inc. | National Retail Properties, Inc. | National Retail Properties, Inc. | National Retail Properties, Inc. |
| 1000000 | 3.900 | 06/15/24 | 983287 |
| Office Properties Income Trust | Office Properties Income Trust | Office Properties Income Trust | Office Properties Income Trust |
| 4000000 | 4.250 | 05/15/24 | 3880837 |
| Omega Healthcare Investors, Inc. | Omega Healthcare Investors, Inc. | Omega Healthcare Investors, Inc. | Omega Healthcare Investors, Inc. |
| 4500000 | 4.750 | 01/15/28 | 4312689 |
| Physicians Realty LP | Physicians Realty LP | Physicians Realty LP | Physicians Realty LP |
| 1325000 | 2.625 | 11/01/31 | 1084844 |
| Piedmont Operating Partnership LP | Piedmont Operating Partnership LP | Piedmont Operating Partnership LP | Piedmont Operating Partnership LP |
| 1290000 | 3.400 | 06/01/23 | 1281979 |
| Realty Income Corp. | Realty Income Corp. | Realty Income Corp. | Realty Income Corp. |
| 2400000 | 0.750 | 03/15/26 | 2120296 |
| 2400000 | 3.950 | 08/15/27 | 2337938 |
| SBA Tower Trust<sup>(b)</sup> | SBA Tower Trust<sup>(b)</sup> | SBA Tower Trust<sup>(b)</sup> | SBA Tower Trust<sup>(b)</sup> |
| 1575000 | 2.836 | 01/15/25 | 1488304 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** | **Corporate Obligations – (continued)** |
| **Real Estate<sup>(a)</sup> – (continued)** | **Real Estate<sup>(a)</sup> – (continued)** | **Real Estate<sup>(a)</sup> – (continued)** | **Real Estate<sup>(a)</sup> – (continued)** |
| Scentre Group Trust 1/Scentre Group Trust 2<sup>(b)</sup> | Scentre Group Trust 1/Scentre Group Trust 2<sup>(b)</sup> | Scentre Group Trust 1/Scentre Group Trust 2<sup>(b)</sup> | Scentre Group Trust 1/Scentre Group Trust 2<sup>(b)</sup> |
| $4000000 | 3.750% | 03/23/27 | $3772789 |
| Simon Property Group LP | Simon Property Group LP | Simon Property Group LP | Simon Property Group LP |
| 2815000 | 3.750 | 02/01/24 | 2780399 |
| Sun Communities Operating LP | Sun Communities Operating LP | Sun Communities Operating LP | Sun Communities Operating LP |
| 1000000 | 2.700 | 07/15/31 | 821297 |
| Ventas Realty LP | Ventas Realty LP | Ventas Realty LP | Ventas Realty LP |
| 2910000 | 3.500 | 02/01/25 | 2818322 |
|  |  |  | 33844834 |
| **Semiconductors<sup>(a)</sup> – 0.6%** | **Semiconductors<sup>(a)</sup> – 0.6%** | **Semiconductors<sup>(a)</sup> – 0.6%** | **Semiconductors<sup>(a)</sup> – 0.6%** |
| Broadcom, Inc.<sup>(b)</sup> | Broadcom, Inc.<sup>(b)</sup> | Broadcom, Inc.<sup>(b)</sup> | Broadcom, Inc.<sup>(b)</sup> |
| 1000000 | 1.950 | 02/15/28 | 866505 |
| 3500000 | 3.469 | 04/15/34 | 2895317 |
| Texas Instruments, Inc. | Texas Instruments, Inc. | Texas Instruments, Inc. | Texas Instruments, Inc. |
| 2925000 | 3.875 | 03/15/39 | 2716988 |
|  |  |  | 6478810 |
| **Software<sup>(a)</sup> – 0.5%** | **Software<sup>(a)</sup> – 0.5%** | **Software<sup>(a)</sup> – 0.5%** | **Software<sup>(a)</sup> – 0.5%** |
| Fidelity National Information Services, Inc. | Fidelity National Information Services, Inc. | Fidelity National Information Services, Inc. | Fidelity National Information Services, Inc. |
| 2500000 | 1.150 | 03/01/26 | 2227158 |
| Salesforce, Inc. | Salesforce, Inc. | Salesforce, Inc. | Salesforce, Inc. |
| 2850000 | 1.950 | 07/15/31 | 2361069 |
| 1000000 | 2.900 | 07/15/51 | 709452 |
|  |  |  | 5297679 |
| **Telecommunications – 1.0%** | **Telecommunications – 1.0%** | **Telecommunications – 1.0%** | **Telecommunications – 1.0%** |
| AT&T, Inc. | AT&T, Inc. | AT&T, Inc. | AT&T, Inc. |
| 4000000 | 6.250 | 03/29/41 | 4121670 |
| Sprint Spectrum Co. LLC/Sprint Spectrum Co. II LLC/Sprint Spectrum Co. III LLC<sup>(a)(b)</sup> | Sprint Spectrum Co. LLC/Sprint Spectrum Co. II LLC/Sprint Spectrum Co. III LLC<sup>(a)(b)</sup> | Sprint Spectrum Co. LLC/Sprint Spectrum Co. II LLC/Sprint Spectrum Co. III LLC<sup>(a)(b)</sup> | Sprint Spectrum Co. LLC/Sprint Spectrum Co. II LLC/Sprint Spectrum Co. III LLC<sup>(a)(b)</sup> |
| 1125000 | 4.738 | 03/20/25 | 1115749 |
| Verizon Communications, Inc. | Verizon Communications, Inc. | Verizon Communications, Inc. | Verizon Communications, Inc. |
| 4748000 | 4.329 | 09/21/28 | 4674041 |
|  |  |  | 9911460 |
| **Transportation – 1.1%** | **Transportation – 1.1%** | **Transportation – 1.1%** | **Transportation – 1.1%** |
| Burlington Northern Santa Fe LLC<sup>(a)</sup> | Burlington Northern Santa Fe LLC<sup>(a)</sup> | Burlington Northern Santa Fe LLC<sup>(a)</sup> | Burlington Northern Santa Fe LLC<sup>(a)</sup> |
| 1220000 | 4.950 | 09/15/41 | 1231096 |
| Canadian National Railway Co. | Canadian National Railway Co. | Canadian National Railway Co. | Canadian National Railway Co. |
| 1190000 | 6.200 | 06/01/36 | 1351659 |
| 1310000 | 2.450 <sup>(a)</sup> | 05/01/50 | 884421 |
| Canadian Pacific Railway Co. | Canadian Pacific Railway Co. | Canadian Pacific Railway Co. | Canadian Pacific Railway Co. |
| 1980000 | 5.750 | 01/15/42 | 2067346 |
| 2500000 | 6.125 <sup>(a)(e)</sup> | 09/15/15 | 2724757 |
| Kansas City Southern<sup>(a)</sup> | Kansas City Southern<sup>(a)</sup> | Kansas City Southern<sup>(a)</sup> | Kansas City Southern<sup>(a)</sup> |
| 1000000 | 4.950 | 08/15/45 | 957991 |
| 1500000 | 4.700 | 05/01/48 | 1395898 |
| The Kansas City Southern Railway Co.<sup>(a)</sup> | The Kansas City Southern Railway Co.<sup>(a)</sup> | The Kansas City Southern Railway Co.<sup>(a)</sup> | The Kansas City Southern Railway Co.<sup>(a)</sup> |
| 500000 | 4.950 | 08/15/45 | 469595 |
|  |  |  | 11082763 |
| **Trucking & Leasing<sup>(a)</sup> – 0.2%** | **Trucking & Leasing<sup>(a)</sup> – 0.2%** | **Trucking & Leasing<sup>(a)</sup> – 0.2%** | **Trucking & Leasing<sup>(a)</sup> – 0.2%** |
| GATX Corp. | GATX Corp. | GATX Corp. | GATX Corp. |
| 3155000 | 3.100 | 06/01/51 | 2056101 |
| **TOTAL CORPORATE OBLIGATIONS<br>(Cost $530,438,739)** | **TOTAL CORPORATE OBLIGATIONS<br>(Cost $530,438,739)** | **TOTAL CORPORATE OBLIGATIONS<br>(Cost $530,438,739)** | $480239153 |

---

------

THE BOND FUND

*January 31, 2023 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Asset-Backed Securities – 17.3%** | **Asset-Backed Securities – 17.3%** | **Asset-Backed Securities – 17.3%** | **Asset-Backed Securities – 17.3%** |
| **Automotive<sup>(b)</sup> – 2.8%** | **Automotive<sup>(b)</sup> – 2.8%** | **Automotive<sup>(b)</sup> – 2.8%** | **Automotive<sup>(b)</sup> – 2.8%** |
| Avis Budget Rental Car Funding AESOP LLC Series 2017-2A, Class A | Avis Budget Rental Car Funding AESOP LLC Series 2017-2A, Class A | Avis Budget Rental Car Funding AESOP LLC Series 2017-2A, Class A | Avis Budget Rental Car Funding AESOP LLC Series 2017-2A, Class A |
| $726667 | 2.970% | 03/20/24 | $725099 |
| Avis Budget Rental Car Funding AESOP LLC Series 2018-1A, Class A | Avis Budget Rental Car Funding AESOP LLC Series 2018-1A, Class A | Avis Budget Rental Car Funding AESOP LLC Series 2018-1A, Class A | Avis Budget Rental Car Funding AESOP LLC Series 2018-1A, Class A |
| 4150000 | 3.700 | 09/20/24 | 4115382 |
| Avis Budget Rental Car Funding AESOP LLC Series 2019-3A, Class A | Avis Budget Rental Car Funding AESOP LLC Series 2019-3A, Class A | Avis Budget Rental Car Funding AESOP LLC Series 2019-3A, Class A | Avis Budget Rental Car Funding AESOP LLC Series 2019-3A, Class A |
| 11100000 | 2.360 | 03/20/26 | 10492145 |
| Avis Budget Rental Car Funding AESOP LLC Series 2020-2A, Class A | Avis Budget Rental Car Funding AESOP LLC Series 2020-2A, Class A | Avis Budget Rental Car Funding AESOP LLC Series 2020-2A, Class A | Avis Budget Rental Car Funding AESOP LLC Series 2020-2A, Class A |
| 2080000 | 2.020 | 02/20/27 | 1899463 |
| Avis Budget Rental Car Funding AESOP LLC Series 2021-1A, Class A | Avis Budget Rental Car Funding AESOP LLC Series 2021-1A, Class A | Avis Budget Rental Car Funding AESOP LLC Series 2021-1A, Class A | Avis Budget Rental Car Funding AESOP LLC Series 2021-1A, Class A |
| 4150000 | 1.380 | 08/20/27 | 3678452 |
| Ford Credit Auto Owner Trust Series 2018-1, Class A | Ford Credit Auto Owner Trust Series 2018-1, Class A | Ford Credit Auto Owner Trust Series 2018-1, Class A | Ford Credit Auto Owner Trust Series 2018-1, Class A |
| 5000000 | 3.190 | 07/15/31 | 4845556 |
| Hertz Vehicle Financing III LP Series 2021-2A, Class A | Hertz Vehicle Financing III LP Series 2021-2A, Class A | Hertz Vehicle Financing III LP Series 2021-2A, Class A | Hertz Vehicle Financing III LP Series 2021-2A, Class A |
| 2800000 | 1.680 | 12/27/27 | 2473008 |
|  |  |  | 28229105 |
| **Credit Card<sup>(b)</sup> – 0.2%** | **Credit Card<sup>(b)</sup> – 0.2%** | **Credit Card<sup>(b)</sup> – 0.2%** | **Credit Card<sup>(b)</sup> – 0.2%** |
| Avant Credit Card Master Trust Series 2021-1A, Class A | Avant Credit Card Master Trust Series 2021-1A, Class A | Avant Credit Card Master Trust Series 2021-1A, Class A | Avant Credit Card Master Trust Series 2021-1A, Class A |
| 2000000 | 1.370 | 04/15/27 | 1843836 |
| **Home Equity – 0.3%** | **Home Equity – 0.3%** | **Home Equity – 0.3%** | **Home Equity – 0.3%** |
| Accredited Mortgage Loan Trust Series 2004-4, Class A1B<sup>(c)</sup><br> (1M USD LIBOR + 0.780%) | Accredited Mortgage Loan Trust Series 2004-4, Class A1B<sup>(c)</sup><br> (1M USD LIBOR + 0.780%) | Accredited Mortgage Loan Trust Series 2004-4, Class A1B<sup>(c)</sup><br> (1M USD LIBOR + 0.780%) | Accredited Mortgage Loan Trust Series 2004-4, Class A1B<sup>(c)</sup><br> (1M USD LIBOR + 0.780%) |
| 376642 | 5.144 | 01/25/35 | 370853 |
| Ameriquest Mortgage Securities, Inc. Series 2004-FR1W, Class A6<sup>(f)</sup> | Ameriquest Mortgage Securities, Inc. Series 2004-FR1W, Class A6<sup>(f)</sup> | Ameriquest Mortgage Securities, Inc. Series 2004-FR1W, Class A6<sup>(f)</sup> | Ameriquest Mortgage Securities, Inc. Series 2004-FR1W, Class A6<sup>(f)</sup> |
| 54758 | 3.865 | 05/25/34 | 54118 |
| EquiFirst Mortgage Loan Trust Series 2003-2, Class 2A2<sup>(f)</sup> | EquiFirst Mortgage Loan Trust Series 2003-2, Class 2A2<sup>(f)</sup> | EquiFirst Mortgage Loan Trust Series 2003-2, Class 2A2<sup>(f)</sup> | EquiFirst Mortgage Loan Trust Series 2003-2, Class 2A2<sup>(f)</sup> |
| 113521 | 4.250 | 09/25/33 | 106010 |
| Morgan Stanley ABS Capital I, Inc. Trust Series 2005-HE1, Class M1<sup>(c)</sup><br> (1M USD LIBOR + 0.675%) | Morgan Stanley ABS Capital I, Inc. Trust Series 2005-HE1, Class M1<sup>(c)</sup><br> (1M USD LIBOR + 0.675%) | Morgan Stanley ABS Capital I, Inc. Trust Series 2005-HE1, Class M1<sup>(c)</sup><br> (1M USD LIBOR + 0.675%) | Morgan Stanley ABS Capital I, Inc. Trust Series 2005-HE1, Class M1<sup>(c)</sup><br> (1M USD LIBOR + 0.675%) |
| 1460043 | 5.181 | 12/25/34 | 1374493 |
| Renaissance Home Equity Loan Trust Series 2005-3, Class AF4<sup>(f)</sup> | Renaissance Home Equity Loan Trust Series 2005-3, Class AF4<sup>(f)</sup> | Renaissance Home Equity Loan Trust Series 2005-3, Class AF4<sup>(f)</sup> | Renaissance Home Equity Loan Trust Series 2005-3, Class AF4<sup>(f)</sup> |
| 345999 | 5.140 | 11/25/35 | 341592 |
| Southern Pacific Secured Asset Corp. Series 1998-2, Class A7<sup>(f)</sup> | Southern Pacific Secured Asset Corp. Series 1998-2, Class A7<sup>(f)</sup> | Southern Pacific Secured Asset Corp. Series 1998-2, Class A7<sup>(f)</sup> | Southern Pacific Secured Asset Corp. Series 1998-2, Class A7<sup>(f)</sup> |
| 696512 | 7.490 | 07/25/29 | 648023 |
|  |  |  | 2895089 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Asset-Backed Securities – (continued)** | **Asset-Backed Securities – (continued)** | **Asset-Backed Securities – (continued)** | **Asset-Backed Securities – (continued)** |
| **Manufactured Housing – 0.0%** | **Manufactured Housing – 0.0%** | **Manufactured Housing – 0.0%** | **Manufactured Housing – 0.0%** |
| Mid-State Trust Series 2011, Class A1 | Mid-State Trust Series 2011, Class A1 | Mid-State Trust Series 2011, Class A1 | Mid-State Trust Series 2011, Class A1 |
| $89840 | 4.864% | 07/15/38 | $87056 |
| **Other – 13.5%** | **Other – 13.5%** | **Other – 13.5%** | **Other – 13.5%** |
| Affirm Asset Securitization Trust Series 22-A, Class 1A<sup>(b)</sup> | Affirm Asset Securitization Trust Series 22-A, Class 1A<sup>(b)</sup> | Affirm Asset Securitization Trust Series 22-A, Class 1A<sup>(b)</sup> | Affirm Asset Securitization Trust Series 22-A, Class 1A<sup>(b)</sup> |
| 1000000 | 4.300 | 05/17/27 | 964354 |
| AFN LLC Series 2019-1A, Class A1<sup>(b)</sup> | AFN LLC Series 2019-1A, Class A1<sup>(b)</sup> | AFN LLC Series 2019-1A, Class A1<sup>(b)</sup> | AFN LLC Series 2019-1A, Class A1<sup>(b)</sup> |
| 4858272 | 3.780 | 05/20/49 | 4606949 |
| Aligned Data Centers Issuer LLC Series 2021-1A, Class A2<sup>(b)</sup> | Aligned Data Centers Issuer LLC Series 2021-1A, Class A2<sup>(b)</sup> | Aligned Data Centers Issuer LLC Series 2021-1A, Class A2<sup>(b)</sup> | Aligned Data Centers Issuer LLC Series 2021-1A, Class A2<sup>(b)</sup> |
| 4700000 | 1.937 | 08/15/46 | 4167707 |
| Beacon Container Finance LLC Series 2021-1A, Class A<sup>(b)</sup> | Beacon Container Finance LLC Series 2021-1A, Class A<sup>(b)</sup> | Beacon Container Finance LLC Series 2021-1A, Class A<sup>(b)</sup> | Beacon Container Finance LLC Series 2021-1A, Class A<sup>(b)</sup> |
| 2625000 | 2.250 | 10/22/46 | 2296835 |
| BHG Securitization Trust Series 2021-B, Class B<sup>(b)</sup> | BHG Securitization Trust Series 2021-B, Class B<sup>(b)</sup> | BHG Securitization Trust Series 2021-B, Class B<sup>(b)</sup> | BHG Securitization Trust Series 2021-B, Class B<sup>(b)</sup> |
| 1000000 | 1.670 | 10/17/34 | 858043 |
| CAL Funding IV Ltd. Series 2020-1A, Class A<sup>(b)</sup> | CAL Funding IV Ltd. Series 2020-1A, Class A<sup>(b)</sup> | CAL Funding IV Ltd. Series 2020-1A, Class A<sup>(b)</sup> | CAL Funding IV Ltd. Series 2020-1A, Class A<sup>(b)</sup> |
| 4810000 | 2.220 | 09/25/45 | 4289002 |
| Chase Funding Mortgage Loan Asset-Backed Certificates Series 2002-3, Class 1A5<sup>(f)</sup> | Chase Funding Mortgage Loan Asset-Backed Certificates Series 2002-3, Class 1A5<sup>(f)</sup> | Chase Funding Mortgage Loan Asset-Backed Certificates Series 2002-3, Class 1A5<sup>(f)</sup> | Chase Funding Mortgage Loan Asset-Backed Certificates Series 2002-3, Class 1A5<sup>(f)</sup> |
| 636069 | 5.907 | 06/25/32 | 590991 |
| Chase Funding Mortgage Loan Asset-Backed Certificates Series 2004-1, Class 2A2<sup>(c)</sup><br> (1M USD LIBOR + 0.460%) | Chase Funding Mortgage Loan Asset-Backed Certificates Series 2004-1, Class 2A2<sup>(c)</sup><br> (1M USD LIBOR + 0.460%) | Chase Funding Mortgage Loan Asset-Backed Certificates Series 2004-1, Class 2A2<sup>(c)</sup><br> (1M USD LIBOR + 0.460%) | Chase Funding Mortgage Loan Asset-Backed Certificates Series 2004-1, Class 2A2<sup>(c)</sup><br> (1M USD LIBOR + 0.460%) |
| 3188570 | 4.966 | 12/25/33 | 3013017 |
| CLI Funding LLC Series 2018-1A, Class A1<sup>(b)</sup> | CLI Funding LLC Series 2018-1A, Class A1<sup>(b)</sup> | CLI Funding LLC Series 2018-1A, Class A1<sup>(b)</sup> | CLI Funding LLC Series 2018-1A, Class A1<sup>(b)</sup> |
| 3190133 | 2.720 | 01/18/47 | 2815738 |
| CMFT Net Lease Master Issuer LLC Series 2021-1, Class A1<sup>(b)</sup> | CMFT Net Lease Master Issuer LLC Series 2021-1, Class A1<sup>(b)</sup> | CMFT Net Lease Master Issuer LLC Series 2021-1, Class A1<sup>(b)</sup> | CMFT Net Lease Master Issuer LLC Series 2021-1, Class A1<sup>(b)</sup> |
| 3146906 | 2.090 | 07/20/51 | 2693640 |
| Countrywide Asset-Backed Certificates Series 2007-QH1, Class A1<sup>(b)(c)</sup><br> (1M USD LIBOR + 0.400%) | Countrywide Asset-Backed Certificates Series 2007-QH1, Class A1<sup>(b)(c)</sup><br> (1M USD LIBOR + 0.400%) | Countrywide Asset-Backed Certificates Series 2007-QH1, Class A1<sup>(b)(c)</sup><br> (1M USD LIBOR + 0.400%) | Countrywide Asset-Backed Certificates Series 2007-QH1, Class A1<sup>(b)(c)</sup><br> (1M USD LIBOR + 0.400%) |
| 365970 | 4.906 | 02/25/37 | 334412 |
| DB Master Finance LLC Series 2021-1A, Class A2II<sup>(b)</sup> | DB Master Finance LLC Series 2021-1A, Class A2II<sup>(b)</sup> | DB Master Finance LLC Series 2021-1A, Class A2II<sup>(b)</sup> | DB Master Finance LLC Series 2021-1A, Class A2II<sup>(b)</sup> |
| 3960000 | 2.493 | 11/20/51 | 3392302 |
| Diamond Infrastructure Funding LLC Series 2021-1A, Class A<sup>(b)</sup> | Diamond Infrastructure Funding LLC Series 2021-1A, Class A<sup>(b)</sup> | Diamond Infrastructure Funding LLC Series 2021-1A, Class A<sup>(b)</sup> | Diamond Infrastructure Funding LLC Series 2021-1A, Class A<sup>(b)</sup> |
| 4000000 | 1.760 | 04/15/49 | 3426543 |
| Domino's Pizza Master Issuer LLC Series 2017-1A, Class A23<sup>(b)</sup> | Domino's Pizza Master Issuer LLC Series 2017-1A, Class A23<sup>(b)</sup> | Domino's Pizza Master Issuer LLC Series 2017-1A, Class A23<sup>(b)</sup> | Domino's Pizza Master Issuer LLC Series 2017-1A, Class A23<sup>(b)</sup> |
| 6175000 | 4.118 | 07/25/47 | 5878118 |
| DRIVEN BRANDS FUNDING LLC Series 2021-1A, Class A2<sup>(b)</sup> | DRIVEN BRANDS FUNDING LLC Series 2021-1A, Class A2<sup>(b)</sup> | DRIVEN BRANDS FUNDING LLC Series 2021-1A, Class A2<sup>(b)</sup> | DRIVEN BRANDS FUNDING LLC Series 2021-1A, Class A2<sup>(b)</sup> |
| 2715625 | 2.791 | 10/20/51 | 2242066 |
| FCI Funding LLC Series 2021-1A, Class A<sup>(b)</sup> | FCI Funding LLC Series 2021-1A, Class A<sup>(b)</sup> | FCI Funding LLC Series 2021-1A, Class A<sup>(b)</sup> | FCI Funding LLC Series 2021-1A, Class A<sup>(b)</sup> |
| 715845 | 1.130 | 04/15/33 | 703076 |
| GBX Leasing Series 2022-1, Class A<sup>(b)</sup> | GBX Leasing Series 2022-1, Class A<sup>(b)</sup> | GBX Leasing Series 2022-1, Class A<sup>(b)</sup> | GBX Leasing Series 2022-1, Class A<sup>(b)</sup> |
| 1628215 | 2.870 | 02/20/52 | 1411661 |
| Global SC Finance VII S.r.l. Series 2020-2A, Class A<sup>(b)</sup> | Global SC Finance VII S.r.l. Series 2020-2A, Class A<sup>(b)</sup> | Global SC Finance VII S.r.l. Series 2020-2A, Class A<sup>(b)</sup> | Global SC Finance VII S.r.l. Series 2020-2A, Class A<sup>(b)</sup> |
| 3949376 | 2.260 | 11/19/40 | 3574138 |
| Harvest SBA Loan Trust Series 2018-1, Class A<sup>(b)(c)</sup><br> (1M USD LIBOR + 2.250%) | Harvest SBA Loan Trust Series 2018-1, Class A<sup>(b)(c)</sup><br> (1M USD LIBOR + 2.250%) | Harvest SBA Loan Trust Series 2018-1, Class A<sup>(b)(c)</sup><br> (1M USD LIBOR + 2.250%) | Harvest SBA Loan Trust Series 2018-1, Class A<sup>(b)(c)</sup><br> (1M USD LIBOR + 2.250%) |
| 982891 | 6.639 | 08/25/44 | 966766 |

---

------

THE BOND FUND

*January 31, 2023 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Asset-Backed Securities – (continued)** | **Asset-Backed Securities – (continued)** | **Asset-Backed Securities – (continued)** | **Asset-Backed Securities – (continued)** |
| **Other – (continued)** | **Other – (continued)** | **Other – (continued)** | **Other – (continued)** |
| Home Partners of America Trust Series 2019-1, Class A<sup>(b)</sup> | Home Partners of America Trust Series 2019-1, Class A<sup>(b)</sup> | Home Partners of America Trust Series 2019-1, Class A<sup>(b)</sup> | Home Partners of America Trust Series 2019-1, Class A<sup>(b)</sup> |
| $6277412 | 2.908% | 09/17/39 | $5754626 |
| Jack in the Box Funding LLC Series 2022-1A, Class A2I<sup>(b)</sup> | Jack in the Box Funding LLC Series 2022-1A, Class A2I<sup>(b)</sup> | Jack in the Box Funding LLC Series 2022-1A, Class A2I<sup>(b)</sup> | Jack in the Box Funding LLC Series 2022-1A, Class A2I<sup>(b)</sup> |
| 3940000 | 3.445 | 02/26/52 | 3519082 |
| Lendmark Funding Trust Series 2021-2A, Class A<sup>(b)</sup> | Lendmark Funding Trust Series 2021-2A, Class A<sup>(b)</sup> | Lendmark Funding Trust Series 2021-2A, Class A<sup>(b)</sup> | Lendmark Funding Trust Series 2021-2A, Class A<sup>(b)</sup> |
| 2000000 | 2.000 | 04/20/32 | 1714826 |
| LFS LLC Series 2021-A, Class A<sup>(b)</sup> | LFS LLC Series 2021-A, Class A<sup>(b)</sup> | LFS LLC Series 2021-A, Class A<sup>(b)</sup> | LFS LLC Series 2021-A, Class A<sup>(b)</sup> |
| 641796 | 2.460 | 04/15/33 | 613032 |
| LFS LLC Series 2021-B, Class A<sup>(b)</sup> | LFS LLC Series 2021-B, Class A<sup>(b)</sup> | LFS LLC Series 2021-B, Class A<sup>(b)</sup> | LFS LLC Series 2021-B, Class A<sup>(b)</sup> |
| 1814292 | 2.400 | 12/15/33 | 1682139 |
| Long Beach Mortgage Loan Trust Series 2003-4, Class AV1<sup>(c)</sup><br> (1M USD LIBOR + 0.620%) | Long Beach Mortgage Loan Trust Series 2003-4, Class AV1<sup>(c)</sup><br> (1M USD LIBOR + 0.620%) | Long Beach Mortgage Loan Trust Series 2003-4, Class AV1<sup>(c)</sup><br> (1M USD LIBOR + 0.620%) | Long Beach Mortgage Loan Trust Series 2003-4, Class AV1<sup>(c)</sup><br> (1M USD LIBOR + 0.620%) |
| 128343 | 5.126 | 08/25/33 | 122769 |
| Longtrain Leasing III LLC Series 2015-1A, Class A1<sup>(b)</sup> | Longtrain Leasing III LLC Series 2015-1A, Class A1<sup>(b)</sup> | Longtrain Leasing III LLC Series 2015-1A, Class A1<sup>(b)</sup> | Longtrain Leasing III LLC Series 2015-1A, Class A1<sup>(b)</sup> |
| 1991828 | 2.980 | 01/15/45 | 1923258 |
| Longtrain Leasing III LLC Series 2015-1A, Class A2<sup>(b)</sup> | Longtrain Leasing III LLC Series 2015-1A, Class A2<sup>(b)</sup> | Longtrain Leasing III LLC Series 2015-1A, Class A2<sup>(b)</sup> | Longtrain Leasing III LLC Series 2015-1A, Class A2<sup>(b)</sup> |
| 4861135 | 4.060 | 01/15/45 | 4555869 |
| NP SPE II LLC Series 2016-1A, Class A1<sup>(b)</sup> | NP SPE II LLC Series 2016-1A, Class A1<sup>(b)</sup> | NP SPE II LLC Series 2016-1A, Class A1<sup>(b)</sup> | NP SPE II LLC Series 2016-1A, Class A1<sup>(b)</sup> |
| 1330880 | 4.164 | 04/20/46 | 1280406 |
| OnDeck Asset Securitization Trust LLC Series 2021-1A, Class A<sup>(b)</sup> | OnDeck Asset Securitization Trust LLC Series 2021-1A, Class A<sup>(b)</sup> | OnDeck Asset Securitization Trust LLC Series 2021-1A, Class A<sup>(b)</sup> | OnDeck Asset Securitization Trust LLC Series 2021-1A, Class A<sup>(b)</sup> |
| 1500000 | 1.590 | 05/17/27 | 1383722 |
| PACEWell 5 Trust Series 2021-1, Class A<sup>(b)</sup> | PACEWell 5 Trust Series 2021-1, Class A<sup>(b)</sup> | PACEWell 5 Trust Series 2021-1, Class A<sup>(b)</sup> | PACEWell 5 Trust Series 2021-1, Class A<sup>(b)</sup> |
| 2707460 | 2.628 | 10/10/59 | 2236727 |
| PEAR Series 2020-1, Class A<sup>(b)</sup> | PEAR Series 2020-1, Class A<sup>(b)</sup> | PEAR Series 2020-1, Class A<sup>(b)</sup> | PEAR Series 2020-1, Class A<sup>(b)</sup> |
| 1688281 | 3.750 | 12/15/32 | 1655691 |
| Progress Residential Trust Series 2020-SFR2, Class A<sup>(b)</sup> | Progress Residential Trust Series 2020-SFR2, Class A<sup>(b)</sup> | Progress Residential Trust Series 2020-SFR2, Class A<sup>(b)</sup> | Progress Residential Trust Series 2020-SFR2, Class A<sup>(b)</sup> |
| 998766 | 2.078 | 06/17/37 | 934234 |
| Sabey Data Center Issuer LLC Series 2021-1, Class A2<sup>(b)</sup> | Sabey Data Center Issuer LLC Series 2021-1, Class A2<sup>(b)</sup> | Sabey Data Center Issuer LLC Series 2021-1, Class A2<sup>(b)</sup> | Sabey Data Center Issuer LLC Series 2021-1, Class A2<sup>(b)</sup> |
| 3000000 | 1.881 | 06/20/46 | 2635380 |
| ServiceMaster Funding LLC Series 2020-1, Class A2I<sup>(b)</sup> | ServiceMaster Funding LLC Series 2020-1, Class A2I<sup>(b)</sup> | ServiceMaster Funding LLC Series 2020-1, Class A2I<sup>(b)</sup> | ServiceMaster Funding LLC Series 2020-1, Class A2I<sup>(b)</sup> |
| 3920000 | 2.841 | 01/30/51 | 3280519 |
| SERVPRO Master Issuer LLC Series 21-1A, Class A2<sup>(b)</sup> | SERVPRO Master Issuer LLC Series 21-1A, Class A2<sup>(b)</sup> | SERVPRO Master Issuer LLC Series 21-1A, Class A2<sup>(b)</sup> | SERVPRO Master Issuer LLC Series 21-1A, Class A2<sup>(b)</sup> |
| 1965000 | 2.394 | 04/25/51 | 1609856 |
| Sierra Timeshare Receivables Funding LLC Series 2021-1A, Class A<sup>(b)</sup> | Sierra Timeshare Receivables Funding LLC Series 2021-1A, Class A<sup>(b)</sup> | Sierra Timeshare Receivables Funding LLC Series 2021-1A, Class A<sup>(b)</sup> | Sierra Timeshare Receivables Funding LLC Series 2021-1A, Class A<sup>(b)</sup> |
| 364955 | 0.990 | 11/20/37 | 340003 |
| STAR Trust Series 2021-SFR1, Class A<sup>(b)(c)</sup><br> (1M USD LIBOR + 0.600%) | STAR Trust Series 2021-SFR1, Class A<sup>(b)(c)</sup><br> (1M USD LIBOR + 0.600%) | STAR Trust Series 2021-SFR1, Class A<sup>(b)(c)</sup><br> (1M USD LIBOR + 0.600%) | STAR Trust Series 2021-SFR1, Class A<sup>(b)(c)</sup><br> (1M USD LIBOR + 0.600%) |
| 3318137 | 5.055 | 04/17/38 | 3244159 |
| State of Hawaii Department of Business Economic Development & Tourism Series 2014-A, Class A2 | State of Hawaii Department of Business Economic Development & Tourism Series 2014-A, Class A2 | State of Hawaii Department of Business Economic Development & Tourism Series 2014-A, Class A2 | State of Hawaii Department of Business Economic Development & Tourism Series 2014-A, Class A2 |
| 5720090 | 3.242 | 01/01/31 | 5397752 |
| Structured Asset Investment Loan Trust Series 2003-BC5, Class M1<sup>(c)</sup><br> (1M USD LIBOR + 1.125%) | Structured Asset Investment Loan Trust Series 2003-BC5, Class M1<sup>(c)</sup><br> (1M USD LIBOR + 1.125%) | Structured Asset Investment Loan Trust Series 2003-BC5, Class M1<sup>(c)</sup><br> (1M USD LIBOR + 1.125%) | Structured Asset Investment Loan Trust Series 2003-BC5, Class M1<sup>(c)</sup><br> (1M USD LIBOR + 1.125%) |
| 133792 | 5.631 | 06/25/33 | 132629 |
| Taco Bell Funding LLC Series 2021-1A, Class A2I<sup>(b)</sup> | Taco Bell Funding LLC Series 2021-1A, Class A2I<sup>(b)</sup> | Taco Bell Funding LLC Series 2021-1A, Class A2I<sup>(b)</sup> | Taco Bell Funding LLC Series 2021-1A, Class A2I<sup>(b)</sup> |
| 1905750 | 1.946 | 08/25/51 | 1664116 |
| Thrust Engine Leasing 2021 DAC Series 2021-1A, Class A<sup>(b)</sup> | Thrust Engine Leasing 2021 DAC Series 2021-1A, Class A<sup>(b)</sup> | Thrust Engine Leasing 2021 DAC Series 2021-1A, Class A<sup>(b)</sup> | Thrust Engine Leasing 2021 DAC Series 2021-1A, Class A<sup>(b)</sup> |
| 4716032 | 4.163 | 07/15/40 | 3516192 |
| Tif Funding II LLC Series 2020-1A, Class A<sup>(b)</sup> | Tif Funding II LLC Series 2020-1A, Class A<sup>(b)</sup> | Tif Funding II LLC Series 2020-1A, Class A<sup>(b)</sup> | Tif Funding II LLC Series 2020-1A, Class A<sup>(b)</sup> |
| 1866833 | 2.090 | 08/20/45 | 1650556 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Asset-Backed Securities – (continued)** | **Asset-Backed Securities – (continued)** | **Asset-Backed Securities – (continued)** | **Asset-Backed Securities – (continued)** |
| **Other – (continued)** | **Other – (continued)** | **Other – (continued)** | **Other – (continued)** |
| Towd Point Mortgage Trust Series 2017-3, Class A2<sup>(b)(c)(g)</sup> | Towd Point Mortgage Trust Series 2017-3, Class A2<sup>(b)(c)(g)</sup> | Towd Point Mortgage Trust Series 2017-3, Class A2<sup>(b)(c)(g)</sup> | Towd Point Mortgage Trust Series 2017-3, Class A2<sup>(b)(c)(g)</sup> |
| $1850000 | 3.000% | 07/25/57 | $1747146 |
| Towd Point Mortgage Trust Series 2018-2,Class A2<sup>(b)(c)(g)</sup> | Towd Point Mortgage Trust Series 2018-2,Class A2<sup>(b)(c)(g)</sup> | Towd Point Mortgage Trust Series 2018-2,Class A2<sup>(b)(c)(g)</sup> | Towd Point Mortgage Trust Series 2018-2,Class A2<sup>(b)(c)(g)</sup> |
| 5500000 | 3.500 | 03/25/58 | 5157782 |
| Trinity Rail Leasing 2020 LLC Series 2020-2A, Class A2<sup>(b)</sup> | Trinity Rail Leasing 2020 LLC Series 2020-2A, Class A2<sup>(b)</sup> | Trinity Rail Leasing 2020 LLC Series 2020-2A, Class A2<sup>(b)</sup> | Trinity Rail Leasing 2020 LLC Series 2020-2A, Class A2<sup>(b)</sup> |
| 10315000 | 2.560 | 11/19/50 | 8909626 |
| Trinity Rail Leasing LLC Series 2019-1A, Class A<sup>(b)</sup> | Trinity Rail Leasing LLC Series 2019-1A, Class A<sup>(b)</sup> | Trinity Rail Leasing LLC Series 2019-1A, Class A<sup>(b)</sup> | Trinity Rail Leasing LLC Series 2019-1A, Class A<sup>(b)</sup> |
| 4218886 | 3.820 | 04/17/49 | 3966889 |
| Trinity Rail Leasing LLC Series 2019-2A, Class A2<sup>(b)</sup> | Trinity Rail Leasing LLC Series 2019-2A, Class A2<sup>(b)</sup> | Trinity Rail Leasing LLC Series 2019-2A, Class A2<sup>(b)</sup> | Trinity Rail Leasing LLC Series 2019-2A, Class A2<sup>(b)</sup> |
| 3000000 | 3.100 | 10/18/49 | 2761025 |
| Triton Container Finance VIII LLC Series 2020-1A, Class A<sup>(b)</sup> | Triton Container Finance VIII LLC Series 2020-1A, Class A<sup>(b)</sup> | Triton Container Finance VIII LLC Series 2020-1A, Class A<sup>(b)</sup> | Triton Container Finance VIII LLC Series 2020-1A, Class A<sup>(b)</sup> |
| 5010417 | 2.110 | 09/20/45 | 4405373 |
| Triton Container Finance VIII LLC Series 2021-1A, Class A<sup>(b)</sup> | Triton Container Finance VIII LLC Series 2021-1A, Class A<sup>(b)</sup> | Triton Container Finance VIII LLC Series 2021-1A, Class A<sup>(b)</sup> | Triton Container Finance VIII LLC Series 2021-1A, Class A<sup>(b)</sup> |
| 422083 | 1.860 | 03/20/46 | 364603 |
| TVEST 2021A LLC Series 2021-A<sup>(b)</sup> | TVEST 2021A LLC Series 2021-A<sup>(b)</sup> | TVEST 2021A LLC Series 2021-A<sup>(b)</sup> | TVEST 2021A LLC Series 2021-A<sup>(b)</sup> |
| 1451024 | 2.350 | 09/15/33 | 1399687 |
| Vantage Data Centers LLC Series 2020-1A, Class A2<sup>(b)</sup> | Vantage Data Centers LLC Series 2020-1A, Class A2<sup>(b)</sup> | Vantage Data Centers LLC Series 2020-1A, Class A2<sup>(b)</sup> | Vantage Data Centers LLC Series 2020-1A, Class A2<sup>(b)</sup> |
| 8250000 | 1.645 | 09/15/45 | 7397377 |
| Wendy's Funding LLC Series 2019-1A, Class A2I<sup>(b)</sup> | Wendy's Funding LLC Series 2019-1A, Class A2I<sup>(b)</sup> | Wendy's Funding LLC Series 2019-1A, Class A2I<sup>(b)</sup> | Wendy's Funding LLC Series 2019-1A, Class A2I<sup>(b)</sup> |
| 2730000 | 3.783 | 06/15/49 | 2580055 |
| Wendy's Funding LLC Series 2021-1A, Class A2I<sup>(b)</sup> | Wendy's Funding LLC Series 2021-1A, Class A2I<sup>(b)</sup> | Wendy's Funding LLC Series 2021-1A, Class A2I<sup>(b)</sup> | Wendy's Funding LLC Series 2021-1A, Class A2I<sup>(b)</sup> |
| 1231250 | 2.370 | 06/15/51 | 1042077 |
|  |  |  | 138804541 |
| **Student Loan – 0.5%** | **Student Loan – 0.5%** | **Student Loan – 0.5%** | **Student Loan – 0.5%** |
| DRB Prime Student Loan Trust Series 2017-A, Class A2B<sup>(b)</sup> | DRB Prime Student Loan Trust Series 2017-A, Class A2B<sup>(b)</sup> | DRB Prime Student Loan Trust Series 2017-A, Class A2B<sup>(b)</sup> | DRB Prime Student Loan Trust Series 2017-A, Class A2B<sup>(b)</sup> |
| 45804 | 2.850 | 05/27/42 | 45707 |
| Massachusetts Educational Financing Authority Series 2018-A, Class A | Massachusetts Educational Financing Authority Series 2018-A, Class A | Massachusetts Educational Financing Authority Series 2018-A, Class A | Massachusetts Educational Financing Authority Series 2018-A, Class A |
| 1363359 | 3.850 | 05/25/33 | 1325456 |
| Navient Private Education Loan Trust Series 2015-AA, Class A2A<sup>(b)</sup> | Navient Private Education Loan Trust Series 2015-AA, Class A2A<sup>(b)</sup> | Navient Private Education Loan Trust Series 2015-AA, Class A2A<sup>(b)</sup> | Navient Private Education Loan Trust Series 2015-AA, Class A2A<sup>(b)</sup> |
| 489661 | 2.650 | 12/15/28 | 485397 |
| Navient Private Education Refi Loan Trust Series 2018-A, Class A2<sup>(b)</sup> | Navient Private Education Refi Loan Trust Series 2018-A, Class A2<sup>(b)</sup> | Navient Private Education Refi Loan Trust Series 2018-A, Class A2<sup>(b)</sup> | Navient Private Education Refi Loan Trust Series 2018-A, Class A2<sup>(b)</sup> |
| 52208 | 3.190 | 02/18/42 | 51842 |
| Sofi Professional Loan Program Trust Series 2018-C, Class A2FX<sup>(b)</sup> | Sofi Professional Loan Program Trust Series 2018-C, Class A2FX<sup>(b)</sup> | Sofi Professional Loan Program Trust Series 2018-C, Class A2FX<sup>(b)</sup> | Sofi Professional Loan Program Trust Series 2018-C, Class A2FX<sup>(b)</sup> |
| 1925484 | 3.590 | 01/25/48 | 1864029 |
| South Carolina Student Loan Corp. Series 2015-A, Class A<sup>(c)</sup><br> (1M USD LIBOR + 1.500%) | South Carolina Student Loan Corp. Series 2015-A, Class A<sup>(c)</sup><br> (1M USD LIBOR + 1.500%) | South Carolina Student Loan Corp. Series 2015-A, Class A<sup>(c)</sup><br> (1M USD LIBOR + 1.500%) | South Carolina Student Loan Corp. Series 2015-A, Class A<sup>(c)</sup><br> (1M USD LIBOR + 1.500%) |
| 1127814 | 6.006 | 01/25/36 | 1128488 |

---

------

THE BOND FUND

*January 31, 2023 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Asset-Backed Securities – (continued)** | **Asset-Backed Securities – (continued)** | **Asset-Backed Securities – (continued)** | **Asset-Backed Securities – (continued)** |
| **Student Loan – (continued)** | **Student Loan – (continued)** | **Student Loan – (continued)** | **Student Loan – (continued)** |
| Towd Point Asset Trust Series 2018-SL1, Class A<sup>(b)(c)</sup><br> (1M USD LIBOR + 0.600%) | Towd Point Asset Trust Series 2018-SL1, Class A<sup>(b)(c)</sup><br> (1M USD LIBOR + 0.600%) | Towd Point Asset Trust Series 2018-SL1, Class A<sup>(b)(c)</sup><br> (1M USD LIBOR + 0.600%) | Towd Point Asset Trust Series 2018-SL1, Class A<sup>(b)(c)</sup><br> (1M USD LIBOR + 0.600%) |
| $564615 | 5.106% | 01/25/46 | $561468 |
|  |  |  | 5462387 |
| **TOTAL ASSET-BACKED SECURITIES<br>(Cost $194,267,660)** | **TOTAL ASSET-BACKED SECURITIES<br>(Cost $194,267,660)** | **TOTAL ASSET-BACKED SECURITIES<br>(Cost $194,267,660)** | $177322014 |
| **Mortgage-Backed Obligations – 13.7%** | **Mortgage-Backed Obligations – 13.7%** | **Mortgage-Backed Obligations – 13.7%** | **Mortgage-Backed Obligations – 13.7%** |
| **Collateralized Mortgage Obligations – 12.7%** | **Collateralized Mortgage Obligations – 12.7%** | **Collateralized Mortgage Obligations – 12.7%** | **Collateralized Mortgage Obligations – 12.7%** |
| Agate Bay Mortgage Loan Trust Series 2016-2, Class A3<sup>(b)(c)(g)</sup> | Agate Bay Mortgage Loan Trust Series 2016-2, Class A3<sup>(b)(c)(g)</sup> | Agate Bay Mortgage Loan Trust Series 2016-2, Class A3<sup>(b)(c)(g)</sup> | Agate Bay Mortgage Loan Trust Series 2016-2, Class A3<sup>(b)(c)(g)</sup> |
| 169787 | 3.500% | 03/25/46 | 153741 |
| Banc of America Alternative Loan Trust Series 2005-10, Class 6A1 | Banc of America Alternative Loan Trust Series 2005-10, Class 6A1 | Banc of America Alternative Loan Trust Series 2005-10, Class 6A1 | Banc of America Alternative Loan Trust Series 2005-10, Class 6A1 |
| 6853 | 5.500 | 11/25/20 | 6054 |
| Bayview MSR Opportunity Master Fund Trust Series 2021-2, Class A2<sup>(b)(c)(g)</sup> | Bayview MSR Opportunity Master Fund Trust Series 2021-2, Class A2<sup>(b)(c)(g)</sup> | Bayview MSR Opportunity Master Fund Trust Series 2021-2, Class A2<sup>(b)(c)(g)</sup> | Bayview MSR Opportunity Master Fund Trust Series 2021-2, Class A2<sup>(b)(c)(g)</sup> |
| 3352538 | 2.500 | 06/25/51 | 2795179 |
| Bayview MSR Opportunity Master Fund Trust<br>Series 2021-INV2-6, Class A1<sup>(b)(c)(g)</sup> | Bayview MSR Opportunity Master Fund Trust<br>Series 2021-INV2-6, Class A1<sup>(b)(c)(g)</sup> | Bayview MSR Opportunity Master Fund Trust<br>Series 2021-INV2-6, Class A1<sup>(b)(c)(g)</sup> | Bayview MSR Opportunity Master Fund Trust<br>Series 2021-INV2-6, Class A1<sup>(b)(c)(g)</sup> |
| 9208068 | 3.000 | 10/25/51 | 7971811 |
| Bear Stearns Alt-A Trust Series 2005-9, Class 25A1<sup>(c)(g)</sup> | Bear Stearns Alt-A Trust Series 2005-9, Class 25A1<sup>(c)(g)</sup> | Bear Stearns Alt-A Trust Series 2005-9, Class 25A1<sup>(c)(g)</sup> | Bear Stearns Alt-A Trust Series 2005-9, Class 25A1<sup>(c)(g)</sup> |
| 786321 | 3.626 | 11/25/35 | 573588 |
| Bear Stearns Asset Backed Securities Trust Series 2003-AC7, Class A2<sup>(f)</sup> | Bear Stearns Asset Backed Securities Trust Series 2003-AC7, Class A2<sup>(f)</sup> | Bear Stearns Asset Backed Securities Trust Series 2003-AC7, Class A2<sup>(f)</sup> | Bear Stearns Asset Backed Securities Trust Series 2003-AC7, Class A2<sup>(f)</sup> |
| 164642 | 5.750 | 01/25/34 | 139260 |
| CAFL Issuer LLC Series 2022-RTL1, Class A1<sup>(f)</sup> | CAFL Issuer LLC Series 2022-RTL1, Class A1<sup>(f)</sup> | CAFL Issuer LLC Series 2022-RTL1, Class A1<sup>(f)</sup> | CAFL Issuer LLC Series 2022-RTL1, Class A1<sup>(f)</sup> |
| 2000000 | 4.250 | 05/28/29 | 1875484 |
| Citigroup Mortgage Loan Trust, Inc. Series 2004-NCM2, Class 1CB2 | Citigroup Mortgage Loan Trust, Inc. Series 2004-NCM2, Class 1CB2 | Citigroup Mortgage Loan Trust, Inc. Series 2004-NCM2, Class 1CB2 | Citigroup Mortgage Loan Trust, Inc. Series 2004-NCM2, Class 1CB2 |
| 345509 | 6.750 | 08/25/34 | 326585 |
| Citigroup Mortgage Loan Trust, Inc. Series 2007-AR5, Class 1A3A<sup>(c)(g)</sup> | Citigroup Mortgage Loan Trust, Inc. Series 2007-AR5, Class 1A3A<sup>(c)(g)</sup> | Citigroup Mortgage Loan Trust, Inc. Series 2007-AR5, Class 1A3A<sup>(c)(g)</sup> | Citigroup Mortgage Loan Trust, Inc. Series 2007-AR5, Class 1A3A<sup>(c)(g)</sup> |
| 18602 | 4.189 | 04/25/37 | 17999 |
| Countrywide Alternative Loan Trust Series 2004-18CB, Class 3A1 | Countrywide Alternative Loan Trust Series 2004-18CB, Class 3A1 | Countrywide Alternative Loan Trust Series 2004-18CB, Class 3A1 | Countrywide Alternative Loan Trust Series 2004-18CB, Class 3A1 |
| 11417 | 5.250 | 09/25/19 | 11085 |
| Countrywide Alternative Loan Trust Series 2005-J1, Class 3A1 | Countrywide Alternative Loan Trust Series 2005-J1, Class 3A1 | Countrywide Alternative Loan Trust Series 2005-J1, Class 3A1 | Countrywide Alternative Loan Trust Series 2005-J1, Class 3A1 |
| 2793 | 6.500 | 08/25/32 | 2773 |
| Countrywide Home Loans Trust Series 2005-27, Class 2A1 | Countrywide Home Loans Trust Series 2005-27, Class 2A1 | Countrywide Home Loans Trust Series 2005-27, Class 2A1 | Countrywide Home Loans Trust Series 2005-27, Class 2A1 |
| 333306 | 5.500 | 12/25/35 | 149210 |
| Countrywide Home Loans Trust Series 2005-6, Class 2A1 | Countrywide Home Loans Trust Series 2005-6, Class 2A1 | Countrywide Home Loans Trust Series 2005-6, Class 2A1 | Countrywide Home Loans Trust Series 2005-6, Class 2A1 |
| 58779 | 5.500 | 04/25/35 | 46268 |
| Countrywide Home Loans Trust Series 2005-7, Class 1A1<sup>(c)</sup><br> (1M USD LIBOR + 0.540%) | Countrywide Home Loans Trust Series 2005-7, Class 1A1<sup>(c)</sup><br> (1M USD LIBOR + 0.540%) | Countrywide Home Loans Trust Series 2005-7, Class 1A1<sup>(c)</sup><br> (1M USD LIBOR + 0.540%) | Countrywide Home Loans Trust Series 2005-7, Class 1A1<sup>(c)</sup><br> (1M USD LIBOR + 0.540%) |
| 437521 | 5.046 | 03/25/35 | 383190 |
| CS First Boston Mortgage Securities Corp. Series 2003-19, Class 1A4 | CS First Boston Mortgage Securities Corp. Series 2003-19, Class 1A4 | CS First Boston Mortgage Securities Corp. Series 2003-19, Class 1A4 | CS First Boston Mortgage Securities Corp. Series 2003-19, Class 1A4 |
| 101753 | 5.250 | 07/25/33 | 96931 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Mortgage-Backed Obligations – (continued)** | **Mortgage-Backed Obligations – (continued)** | **Mortgage-Backed Obligations – (continued)** | **Mortgage-Backed Obligations – (continued)** |
| **Collateralized Mortgage Obligations – (continued)** | **Collateralized Mortgage Obligations – (continued)** | **Collateralized Mortgage Obligations – (continued)** | **Collateralized Mortgage Obligations – (continued)** |
| CSMC Trust Series 2013-6, Class 1A1<sup>(b)(c)(g)</sup> | CSMC Trust Series 2013-6, Class 1A1<sup>(b)(c)(g)</sup> | CSMC Trust Series 2013-6, Class 1A1<sup>(b)(c)(g)</sup> | CSMC Trust Series 2013-6, Class 1A1<sup>(b)(c)(g)</sup> |
| $3270872 | 2.500% | 07/25/28 | $3012916 |
| CSMC Trust Series 2017-HL2, Class A1<sup>(b)(c)(g)</sup> | CSMC Trust Series 2017-HL2, Class A1<sup>(b)(c)(g)</sup> | CSMC Trust Series 2017-HL2, Class A1<sup>(b)(c)(g)</sup> | CSMC Trust Series 2017-HL2, Class A1<sup>(b)(c)(g)</sup> |
| 393781 | 3.500 | 10/25/47 | 357119 |
| EverBank Mortgage Loan Trust Series 2013-2, Class A<sup>(b)(c)(g)</sup> | EverBank Mortgage Loan Trust Series 2013-2, Class A<sup>(b)(c)(g)</sup> | EverBank Mortgage Loan Trust Series 2013-2, Class A<sup>(b)(c)(g)</sup> | EverBank Mortgage Loan Trust Series 2013-2, Class A<sup>(b)(c)(g)</sup> |
| 501980 | 3.000 | 06/25/43 | 455933 |
| FHLMC REMIC Series 1579, Class PM | FHLMC REMIC Series 1579, Class PM | FHLMC REMIC Series 1579, Class PM | FHLMC REMIC Series 1579, Class PM |
| 2233 | 6.700 | 09/15/23 | 2231 |
| FHLMC REMIC Series 2103, Class TE | FHLMC REMIC Series 2103, Class TE | FHLMC REMIC Series 2103, Class TE | FHLMC REMIC Series 2103, Class TE |
| 17234 | 6.000 | 12/15/28 | 17711 |
| FHLMC REMIC Series 2110, Class PG | FHLMC REMIC Series 2110, Class PG | FHLMC REMIC Series 2110, Class PG | FHLMC REMIC Series 2110, Class PG |
| 86757 | 6.000 | 01/15/29 | 88567 |
| FHLMC REMIC Series 2391, Class Z | FHLMC REMIC Series 2391, Class Z | FHLMC REMIC Series 2391, Class Z | FHLMC REMIC Series 2391, Class Z |
| 262217 | 6.000 | 12/15/31 | 269814 |
| FHLMC REMIC Series 2603, Class C | FHLMC REMIC Series 2603, Class C | FHLMC REMIC Series 2603, Class C | FHLMC REMIC Series 2603, Class C |
| 2202 | 5.500 | 04/15/23 | 2194 |
| FHLMC REMIC Series 4088, Class EP | FHLMC REMIC Series 4088, Class EP | FHLMC REMIC Series 4088, Class EP | FHLMC REMIC Series 4088, Class EP |
| 70178 | 2.750 | 09/15/41 | 69364 |
| FHLMC REMIC Series 4272, Class DG | FHLMC REMIC Series 4272, Class DG | FHLMC REMIC Series 4272, Class DG | FHLMC REMIC Series 4272, Class DG |
| 174892 | 3.000 | 04/15/43 | 168759 |
| FHLMC REMIC Series 4370, Class PA | FHLMC REMIC Series 4370, Class PA | FHLMC REMIC Series 4370, Class PA | FHLMC REMIC Series 4370, Class PA |
| 75119 | 3.500 | 09/15/41 | 73676 |
| FHLMC REMIC Series 4792, Class AC | FHLMC REMIC Series 4792, Class AC | FHLMC REMIC Series 4792, Class AC | FHLMC REMIC Series 4792, Class AC |
| 161404 | 3.500 | 05/15/48 | 151082 |
| FHLMC REMIC Series 5020, Class KW | FHLMC REMIC Series 5020, Class KW | FHLMC REMIC Series 5020, Class KW | FHLMC REMIC Series 5020, Class KW |
| 6000000 | 2.000 | 09/25/45 | 5109110 |
| FHLMC REMIC Series 5081, Class QA | FHLMC REMIC Series 5081, Class QA | FHLMC REMIC Series 5081, Class QA | FHLMC REMIC Series 5081, Class QA |
| 661983 | 2.000 | 12/25/50 | 559333 |
| FHLMC REMIC Series 5139, Class EC | FHLMC REMIC Series 5139, Class EC | FHLMC REMIC Series 5139, Class EC | FHLMC REMIC Series 5139, Class EC |
| 4250000 | 2.500 | 09/25/51 | 3308146 |
| Finance of America Structured Securities Trust | Finance of America Structured Securities Trust | Finance of America Structured Securities Trust | Finance of America Structured Securities Trust |
| 1493676 | 2.500 | 01/25/57 | 1357040 |
| First Horizon Alternative Mortgage Securities Series 2006-RE1, Class A1<sup>(c)(g)</sup> | First Horizon Alternative Mortgage Securities Series 2006-RE1, Class A1<sup>(c)(g)</sup> | First Horizon Alternative Mortgage Securities Series 2006-RE1, Class A1<sup>(c)(g)</sup> | First Horizon Alternative Mortgage Securities Series 2006-RE1, Class A1<sup>(c)(g)</sup> |
| 593004 | 5.500 | 05/25/35 | 402255 |
| Flagstar Mortgage Trust Series 2018-2, Class A4<sup>(b)(c)(g)</sup> | Flagstar Mortgage Trust Series 2018-2, Class A4<sup>(b)(c)(g)</sup> | Flagstar Mortgage Trust Series 2018-2, Class A4<sup>(b)(c)(g)</sup> | Flagstar Mortgage Trust Series 2018-2, Class A4<sup>(b)(c)(g)</sup> |
| 127848 | 3.500 | 04/25/48 | 125325 |
| Flagstar Mortgage Trust Series 2019-1INV, Class A3<sup>(b)(c)(g)</sup> | Flagstar Mortgage Trust Series 2019-1INV, Class A3<sup>(b)(c)(g)</sup> | Flagstar Mortgage Trust Series 2019-1INV, Class A3<sup>(b)(c)(g)</sup> | Flagstar Mortgage Trust Series 2019-1INV, Class A3<sup>(b)(c)(g)</sup> |
| 1006021 | 3.500 | 10/25/49 | 917640 |
| Flagstar Mortgage Trust Series 2021-8INV, Class A3<sup>(b)(c)(g)</sup> | Flagstar Mortgage Trust Series 2021-8INV, Class A3<sup>(b)(c)(g)</sup> | Flagstar Mortgage Trust Series 2021-8INV, Class A3<sup>(b)(c)(g)</sup> | Flagstar Mortgage Trust Series 2021-8INV, Class A3<sup>(b)(c)(g)</sup> |
| 3480167 | 2.500 | 09/25/51 | 2901590 |
| FNMA REMIC Series 2001-45, Class WG | FNMA REMIC Series 2001-45, Class WG | FNMA REMIC Series 2001-45, Class WG | FNMA REMIC Series 2001-45, Class WG |
| 28167 | 6.500 | 09/25/31 | 28793 |
| FNMA REMIC Series 2003-117, Class KB | FNMA REMIC Series 2003-117, Class KB | FNMA REMIC Series 2003-117, Class KB | FNMA REMIC Series 2003-117, Class KB |
| 1199290 | 6.000 | 12/25/33 | 1254137 |
| FNMA REMIC Series 2003-14, Class AP | FNMA REMIC Series 2003-14, Class AP | FNMA REMIC Series 2003-14, Class AP | FNMA REMIC Series 2003-14, Class AP |
| 6656 | 4.000 | 03/25/33 | 6546 |
| FNMA REMIC Series 2004-53, Class NC | FNMA REMIC Series 2004-53, Class NC | FNMA REMIC Series 2004-53, Class NC | FNMA REMIC Series 2004-53, Class NC |
| 8853 | 5.500 | 07/25/24 | 8814 |
| FNMA REMIC Series 2014-80, Class KA | FNMA REMIC Series 2014-80, Class KA | FNMA REMIC Series 2014-80, Class KA | FNMA REMIC Series 2014-80, Class KA |
| 883533 | 2.000 | 03/25/44 | 700708 |
| FNMA REMIC Series 2015-2, Class PA | FNMA REMIC Series 2015-2, Class PA | FNMA REMIC Series 2015-2, Class PA | FNMA REMIC Series 2015-2, Class PA |
| 1123148 | 2.250 | 03/25/44 | 1046291 |

---

------

THE BOND FUND

*January 31, 2023 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Mortgage-Backed Obligations – (continued)** | **Mortgage-Backed Obligations – (continued)** | **Mortgage-Backed Obligations – (continued)** | **Mortgage-Backed Obligations – (continued)** |
| **Collateralized Mortgage Obligations – (continued)** | **Collateralized Mortgage Obligations – (continued)** | **Collateralized Mortgage Obligations – (continued)** | **Collateralized Mortgage Obligations – (continued)** |
| FNMA REMIC Series 2015-30, Class JA | FNMA REMIC Series 2015-30, Class JA | FNMA REMIC Series 2015-30, Class JA | FNMA REMIC Series 2015-30, Class JA |
| $927078 | 2.000% | 05/25/45 | $820594 |
| FNMA REMIC Series 2016-16, Class PD | FNMA REMIC Series 2016-16, Class PD | FNMA REMIC Series 2016-16, Class PD | FNMA REMIC Series 2016-16, Class PD |
| 451882 | 3.000 | 12/25/44 | 434182 |
| FNMA Series 2003-W6, Class 3A | FNMA Series 2003-W6, Class 3A | FNMA Series 2003-W6, Class 3A | FNMA Series 2003-W6, Class 3A |
| 50889 | 6.500 | 09/25/42 | 52492 |
| GCAT Trust Series 2022-HX1, Class A1<sup>(b)(c)(g)</sup> | GCAT Trust Series 2022-HX1, Class A1<sup>(b)(c)(g)</sup> | GCAT Trust Series 2022-HX1, Class A1<sup>(b)(c)(g)</sup> | GCAT Trust Series 2022-HX1, Class A1<sup>(b)(c)(g)</sup> |
| 6320063 | 2.885 | 12/27/66 | 5742559 |
| GNMA REMIC Series 17-H23, Class MA | GNMA REMIC Series 17-H23, Class MA | GNMA REMIC Series 17-H23, Class MA | GNMA REMIC Series 17-H23, Class MA |
| 1284806 | 3.000 | 11/20/67 | 1227905 |
| GNMA REMIC Series 2015-167, Class KM | GNMA REMIC Series 2015-167, Class KM | GNMA REMIC Series 2015-167, Class KM | GNMA REMIC Series 2015-167, Class KM |
| 88451 | 3.000 | 12/20/43 | 83757 |
| GNMA REMIC Series 2015-94, Class AT | GNMA REMIC Series 2015-94, Class AT | GNMA REMIC Series 2015-94, Class AT | GNMA REMIC Series 2015-94, Class AT |
| 477571 | 2.250 | 07/16/45 | 434141 |
| GNMA REMIC Series 2016-129, Class W | GNMA REMIC Series 2016-129, Class W | GNMA REMIC Series 2016-129, Class W | GNMA REMIC Series 2016-129, Class W |
| 171054 | 2.500 | 07/20/46 | 150429 |
| GNMA REMIC Series 2018-37, Class KT | GNMA REMIC Series 2018-37, Class KT | GNMA REMIC Series 2018-37, Class KT | GNMA REMIC Series 2018-37, Class KT |
| 509475 | 3.500 | 03/20/48 | 479665 |
| GNMA REMIC Series 2021-116, Class LG | GNMA REMIC Series 2021-116, Class LG | GNMA REMIC Series 2021-116, Class LG | GNMA REMIC Series 2021-116, Class LG |
| 9032760 | 2.000 | 06/20/51 | 7984649 |
| GS Mortgage-Backed Securities Trust Series 2021-GR3, Class A2<sup>(b)(c)(g)</sup> | GS Mortgage-Backed Securities Trust Series 2021-GR3, Class A2<sup>(b)(c)(g)</sup> | GS Mortgage-Backed Securities Trust Series 2021-GR3, Class A2<sup>(b)(c)(g)</sup> | GS Mortgage-Backed Securities Trust Series 2021-GR3, Class A2<sup>(b)(c)(g)</sup> |
| 7152117 | 2.500 | 04/25/52 | 5963078 |
| GS Mortgage-Backed Securities Trust Series 2021-MM1, Class A2<sup>(b)(c)(g)</sup> | GS Mortgage-Backed Securities Trust Series 2021-MM1, Class A2<sup>(b)(c)(g)</sup> | GS Mortgage-Backed Securities Trust Series 2021-MM1, Class A2<sup>(b)(c)(g)</sup> | GS Mortgage-Backed Securities Trust Series 2021-MM1, Class A2<sup>(b)(c)(g)</sup> |
| 10231955 | 2.500 | 04/25/52 | 8530893 |
| GSR Mortgage Loan Trust Series 2004-12, Class 1A1<sup>(c)</sup><br> (1M USD LIBOR + 0.340%) | GSR Mortgage Loan Trust Series 2004-12, Class 1A1<sup>(c)</sup><br> (1M USD LIBOR + 0.340%) | GSR Mortgage Loan Trust Series 2004-12, Class 1A1<sup>(c)</sup><br> (1M USD LIBOR + 0.340%) | GSR Mortgage Loan Trust Series 2004-12, Class 1A1<sup>(c)</sup><br> (1M USD LIBOR + 0.340%) |
| 237538 | 4.846 | 12/25/34 | 214905 |
| GSR Mortgage Loan Trust Series 2004-7, Class 1A1<sup>(c)(g)</sup> | GSR Mortgage Loan Trust Series 2004-7, Class 1A1<sup>(c)(g)</sup> | GSR Mortgage Loan Trust Series 2004-7, Class 1A1<sup>(c)(g)</sup> | GSR Mortgage Loan Trust Series 2004-7, Class 1A1<sup>(c)(g)</sup> |
| 52570 | 3.028 | 06/25/34 | 50341 |
| Impac CMB Trust Series 2003-2F, Class A<sup>(f)</sup> | Impac CMB Trust Series 2003-2F, Class A<sup>(f)</sup> | Impac CMB Trust Series 2003-2F, Class A<sup>(f)</sup> | Impac CMB Trust Series 2003-2F, Class A<sup>(f)</sup> |
| 88003 | 5.730 | 01/25/33 | 86483 |
| Impac CMB Trust Series 2004-4, Class 1A1<sup>(c)</sup><br> (1M USD LIBOR + 0.640%) | Impac CMB Trust Series 2004-4, Class 1A1<sup>(c)</sup><br> (1M USD LIBOR + 0.640%) | Impac CMB Trust Series 2004-4, Class 1A1<sup>(c)</sup><br> (1M USD LIBOR + 0.640%) | Impac CMB Trust Series 2004-4, Class 1A1<sup>(c)</sup><br> (1M USD LIBOR + 0.640%) |
| 127611 | 5.146 | 09/25/34 | 124968 |
| Impac CMB Trust Series 2004-4, Class 2A2<sup>(f)</sup> | Impac CMB Trust Series 2004-4, Class 2A2<sup>(f)</sup> | Impac CMB Trust Series 2004-4, Class 2A2<sup>(f)</sup> | Impac CMB Trust Series 2004-4, Class 2A2<sup>(f)</sup> |
| 1075220 | 5.342 | 09/25/34 | 1098357 |
| Impac Secured Assets Corp. Series 2004-2, Class A6<sup>(f)</sup> | Impac Secured Assets Corp. Series 2004-2, Class A6<sup>(f)</sup> | Impac Secured Assets Corp. Series 2004-2, Class A6<sup>(f)</sup> | Impac Secured Assets Corp. Series 2004-2, Class A6<sup>(f)</sup> |
| 5 | 4.812 | 08/25/34 | 5 |
| Imperial Fund Mortgage Trust Series 2022-NQM1,<br>Class A1<sup>(b)(c)(g)</sup> | Imperial Fund Mortgage Trust Series 2022-NQM1,<br>Class A1<sup>(b)(c)(g)</sup> | Imperial Fund Mortgage Trust Series 2022-NQM1,<br>Class A1<sup>(b)(c)(g)</sup> | Imperial Fund Mortgage Trust Series 2022-NQM1,<br>Class A1<sup>(b)(c)(g)</sup> |
| 3163944 | 2.493 | 02/25/67 | 2845132 |
| J.P. Morgan Mortgage Trust Series 2021-14, Class A3<sup>(b)(c)(g)</sup> | J.P. Morgan Mortgage Trust Series 2021-14, Class A3<sup>(b)(c)(g)</sup> | J.P. Morgan Mortgage Trust Series 2021-14, Class A3<sup>(b)(c)(g)</sup> | J.P. Morgan Mortgage Trust Series 2021-14, Class A3<sup>(b)(c)(g)</sup> |
| 10763737 | 2.500 | 05/25/52 | 8974266 |
| JPMorgan Alternative Loan Trust Series 2006-S1, Class 1A16 | JPMorgan Alternative Loan Trust Series 2006-S1, Class 1A16 | JPMorgan Alternative Loan Trust Series 2006-S1, Class 1A16 | JPMorgan Alternative Loan Trust Series 2006-S1, Class 1A16 |
| 741224 | 6.000 | 03/25/36 | 416251 |
| JPMorgan Mortgage Trust Series 2007-A2, Class 4A2<sup>(c)(g)</sup> | JPMorgan Mortgage Trust Series 2007-A2, Class 4A2<sup>(c)(g)</sup> | JPMorgan Mortgage Trust Series 2007-A2, Class 4A2<sup>(c)(g)</sup> | JPMorgan Mortgage Trust Series 2007-A2, Class 4A2<sup>(c)(g)</sup> |
| 105853 | 3.464 | 04/25/37 | 86664 |
| JPMorgan Mortgage Trust Series 2013-3, Class A3<sup>(b)(c)(g)</sup> | JPMorgan Mortgage Trust Series 2013-3, Class A3<sup>(b)(c)(g)</sup> | JPMorgan Mortgage Trust Series 2013-3, Class A3<sup>(b)(c)(g)</sup> | JPMorgan Mortgage Trust Series 2013-3, Class A3<sup>(b)(c)(g)</sup> |
| 465977 | 3.353 | 07/25/43 | 429295 |
| JPMorgan Mortgage Trust Series 2014-2, Class 1A1<sup>(b)(c)(g)</sup> | JPMorgan Mortgage Trust Series 2014-2, Class 1A1<sup>(b)(c)(g)</sup> | JPMorgan Mortgage Trust Series 2014-2, Class 1A1<sup>(b)(c)(g)</sup> | JPMorgan Mortgage Trust Series 2014-2, Class 1A1<sup>(b)(c)(g)</sup> |
| 492003 | 3.000 | 06/25/29 | 459341 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Mortgage-Backed Obligations – (continued)** | **Mortgage-Backed Obligations – (continued)** | **Mortgage-Backed Obligations – (continued)** | **Mortgage-Backed Obligations – (continued)** |
| **Collateralized Mortgage Obligations – (continued)** | **Collateralized Mortgage Obligations – (continued)** | **Collateralized Mortgage Obligations – (continued)** | **Collateralized Mortgage Obligations – (continued)** |
| JPMorgan Mortgage Trust Series 2017-3, Class 1A3<sup>(b)(c)(g)</sup> | JPMorgan Mortgage Trust Series 2017-3, Class 1A3<sup>(b)(c)(g)</sup> | JPMorgan Mortgage Trust Series 2017-3, Class 1A3<sup>(b)(c)(g)</sup> | JPMorgan Mortgage Trust Series 2017-3, Class 1A3<sup>(b)(c)(g)</sup> |
| $1081198 | 3.500% | 08/25/47 | $993291 |
| JPMorgan Mortgage Trust Series 2017-4, Class A3<sup>(b)(c)(g)</sup> | JPMorgan Mortgage Trust Series 2017-4, Class A3<sup>(b)(c)(g)</sup> | JPMorgan Mortgage Trust Series 2017-4, Class A3<sup>(b)(c)(g)</sup> | JPMorgan Mortgage Trust Series 2017-4, Class A3<sup>(b)(c)(g)</sup> |
| 117055 | 3.500 | 11/25/48 | 108302 |
| JPMorgan Mortgage Trust Series 2017-6, Class A3<sup>(b)(c)(g)</sup> | JPMorgan Mortgage Trust Series 2017-6, Class A3<sup>(b)(c)(g)</sup> | JPMorgan Mortgage Trust Series 2017-6, Class A3<sup>(b)(c)(g)</sup> | JPMorgan Mortgage Trust Series 2017-6, Class A3<sup>(b)(c)(g)</sup> |
| 516000 | 3.500 | 12/25/48 | 476229 |
| JPMorgan Mortgage Trust Series 2021-10, Class A3<sup>(b)(c)(g)</sup> | JPMorgan Mortgage Trust Series 2021-10, Class A3<sup>(b)(c)(g)</sup> | JPMorgan Mortgage Trust Series 2021-10, Class A3<sup>(b)(c)(g)</sup> | JPMorgan Mortgage Trust Series 2021-10, Class A3<sup>(b)(c)(g)</sup> |
| 2654758 | 2.500 | 12/25/51 | 2220041 |
| JPMorgan Mortgage Trust Series 2021-7, Class A4<sup>(b)(c)(g)</sup> | JPMorgan Mortgage Trust Series 2021-7, Class A4<sup>(b)(c)(g)</sup> | JPMorgan Mortgage Trust Series 2021-7, Class A4<sup>(b)(c)(g)</sup> | JPMorgan Mortgage Trust Series 2021-7, Class A4<sup>(b)(c)(g)</sup> |
| 4000789 | 2.500 | 11/25/51 | 3539874 |
| Kiavi Issuer Trust Series 2022 SR1, Class A1A<sup>(b)(f)</sup> | Kiavi Issuer Trust Series 2022 SR1, Class A1A<sup>(b)(f)</sup> | Kiavi Issuer Trust Series 2022 SR1, Class A1A<sup>(b)(f)</sup> | Kiavi Issuer Trust Series 2022 SR1, Class A1A<sup>(b)(f)</sup> |
| 5500000 | 6.000 | 09/25/25 | 5280000 |
| Master Adjustable Rate Mortgages Trust Series 2003-2,<br>Class 6A1<sup>(c)(g)</sup> | Master Adjustable Rate Mortgages Trust Series 2003-2,<br>Class 6A1<sup>(c)(g)</sup> | Master Adjustable Rate Mortgages Trust Series 2003-2,<br>Class 6A1<sup>(c)(g)</sup> | Master Adjustable Rate Mortgages Trust Series 2003-2,<br>Class 6A1<sup>(c)(g)</sup> |
| 198233 | 3.559 | 07/25/33 | 189523 |
| Master Alternative Loans Trust Series 2004-4, Class 1A1 | Master Alternative Loans Trust Series 2004-4, Class 1A1 | Master Alternative Loans Trust Series 2004-4, Class 1A1 | Master Alternative Loans Trust Series 2004-4, Class 1A1 |
| 38270 | 5.500 | 05/25/34 | 36761 |
| Master Alternative Loans Trust Series 2004-4, Class 8A1 | Master Alternative Loans Trust Series 2004-4, Class 8A1 | Master Alternative Loans Trust Series 2004-4, Class 8A1 | Master Alternative Loans Trust Series 2004-4, Class 8A1 |
| 361295 | 6.500 | 05/25/34 | 349025 |
| Morgan Stanley Dean Witter Capital I, Inc. Trust<br>Series 2003-HYB1, Class A3<sup>(c)(g)</sup> | Morgan Stanley Dean Witter Capital I, Inc. Trust<br>Series 2003-HYB1, Class A3<sup>(c)(g)</sup> | Morgan Stanley Dean Witter Capital I, Inc. Trust<br>Series 2003-HYB1, Class A3<sup>(c)(g)</sup> | Morgan Stanley Dean Witter Capital I, Inc. Trust<br>Series 2003-HYB1, Class A3<sup>(c)(g)</sup> |
| 73803 | 3.951 | 03/25/33 | 65396 |
| Morgan Stanley Mortgage Loan Trust Series 2005-7,<br>Class 2A1<sup>(c)(g)</sup> | Morgan Stanley Mortgage Loan Trust Series 2005-7,<br>Class 2A1<sup>(c)(g)</sup> | Morgan Stanley Mortgage Loan Trust Series 2005-7,<br>Class 2A1<sup>(c)(g)</sup> | Morgan Stanley Mortgage Loan Trust Series 2005-7,<br>Class 2A1<sup>(c)(g)</sup> |
| 332079 | 5.102 | 11/25/35 | 205950 |
| Morgan Stanley Mortgage Loan Trust Series 2007-12, Class 3A22 | Morgan Stanley Mortgage Loan Trust Series 2007-12, Class 3A22 | Morgan Stanley Mortgage Loan Trust Series 2007-12, Class 3A22 | Morgan Stanley Mortgage Loan Trust Series 2007-12, Class 3A22 |
| 479199 | 6.000 | 08/25/37 | 200524 |
| New Residential Mortgage Loan Trust Series 2017-6A,<br>Class A1<sup>(b)(c)(g)</sup> | New Residential Mortgage Loan Trust Series 2017-6A,<br>Class A1<sup>(b)(c)(g)</sup> | New Residential Mortgage Loan Trust Series 2017-6A,<br>Class A1<sup>(b)(c)(g)</sup> | New Residential Mortgage Loan Trust Series 2017-6A,<br>Class A1<sup>(b)(c)(g)</sup> |
| 2269988 | 4.000 | 08/27/57 | 2152031 |
| New Residential Mortgage Loan Trust Series 2021-INV1,<br>Class A2<sup>(b)(c)(g)</sup> | New Residential Mortgage Loan Trust Series 2021-INV1,<br>Class A2<sup>(b)(c)(g)</sup> | New Residential Mortgage Loan Trust Series 2021-INV1,<br>Class A2<sup>(b)(c)(g)</sup> | New Residential Mortgage Loan Trust Series 2021-INV1,<br>Class A2<sup>(b)(c)(g)</sup> |
| 4430613 | 2.500 | 06/25/51 | 3694024 |
| OBX Trust Series 2019-INV2, Class A5<sup>(b)(c)(g)</sup> | OBX Trust Series 2019-INV2, Class A5<sup>(b)(c)(g)</sup> | OBX Trust Series 2019-INV2, Class A5<sup>(b)(c)(g)</sup> | OBX Trust Series 2019-INV2, Class A5<sup>(b)(c)(g)</sup> |
| 143417 | 4.000 | 05/27/49 | 136575 |
| Oceanview Mortgage Trust Series 2021-3, Class A4<sup>(b)(c)(g)</sup> | Oceanview Mortgage Trust Series 2021-3, Class A4<sup>(b)(c)(g)</sup> | Oceanview Mortgage Trust Series 2021-3, Class A4<sup>(b)(c)(g)</sup> | Oceanview Mortgage Trust Series 2021-3, Class A4<sup>(b)(c)(g)</sup> |
| 4172749 | 2.500 | 06/25/51 | 3673651 |
| Rate Mortgage Trust Series 2021-J1, Class A7<sup>(b)(c)(g)</sup> | Rate Mortgage Trust Series 2021-J1, Class A7<sup>(b)(c)(g)</sup> | Rate Mortgage Trust Series 2021-J1, Class A7<sup>(b)(c)(g)</sup> | Rate Mortgage Trust Series 2021-J1, Class A7<sup>(b)(c)(g)</sup> |
| 4364313 | 2.500 | 07/25/51 | 3861518 |
| RBSGC Mortgage Pass-Through Certificates Series 2007-B,<br>Class 2A1<sup>(c)(g)</sup> | RBSGC Mortgage Pass-Through Certificates Series 2007-B,<br>Class 2A1<sup>(c)(g)</sup> | RBSGC Mortgage Pass-Through Certificates Series 2007-B,<br>Class 2A1<sup>(c)(g)</sup> | RBSGC Mortgage Pass-Through Certificates Series 2007-B,<br>Class 2A1<sup>(c)(g)</sup> |
| 173311 | 4.053 | 11/25/21 | 103784 |
| RBSGC Mortgage Pass-Through Certificates Series 2007-B,<br>Class 3A1<sup>(c)(g)</sup> | RBSGC Mortgage Pass-Through Certificates Series 2007-B,<br>Class 3A1<sup>(c)(g)</sup> | RBSGC Mortgage Pass-Through Certificates Series 2007-B,<br>Class 3A1<sup>(c)(g)</sup> | RBSGC Mortgage Pass-Through Certificates Series 2007-B,<br>Class 3A1<sup>(c)(g)</sup> |
| 3151 | 5.622 | 07/25/35 | 3111 |
| Residential Accredit Loans, Inc. Series 2005-QS11, Class A2<sup>(c)</sup><br> (1M USD LIBOR + 0.500%) | Residential Accredit Loans, Inc. Series 2005-QS11, Class A2<sup>(c)</sup><br> (1M USD LIBOR + 0.500%) | Residential Accredit Loans, Inc. Series 2005-QS11, Class A2<sup>(c)</sup><br> (1M USD LIBOR + 0.500%) | Residential Accredit Loans, Inc. Series 2005-QS11, Class A2<sup>(c)</sup><br> (1M USD LIBOR + 0.500%) |
| 101364 | 5.006 | 07/25/35 | 73980 |
| Residential Funding Mortgage Securities I, Inc. Series 2005-S7, Class A5 | Residential Funding Mortgage Securities I, Inc. Series 2005-S7, Class A5 | Residential Funding Mortgage Securities I, Inc. Series 2005-S7, Class A5 | Residential Funding Mortgage Securities I, Inc. Series 2005-S7, Class A5 |
| 48786 | 5.500 | 11/25/35 | 38967 |

---

------

THE BOND FUND

*January 31, 2023 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Mortgage-Backed Obligations – (continued)** | **Mortgage-Backed Obligations – (continued)** | **Mortgage-Backed Obligations – (continued)** | **Mortgage-Backed Obligations – (continued)** |
| **Collateralized Mortgage Obligations – (continued)** | **Collateralized Mortgage Obligations – (continued)** | **Collateralized Mortgage Obligations – (continued)** | **Collateralized Mortgage Obligations – (continued)** |
| Seasoned Credit Risk Transfer Trust Series 2017-3, Class MA | Seasoned Credit Risk Transfer Trust Series 2017-3, Class MA | Seasoned Credit Risk Transfer Trust Series 2017-3, Class MA | Seasoned Credit Risk Transfer Trust Series 2017-3, Class MA |
| $1923691 | 3.000% | 07/25/56 | $1817810 |
| Seasoned Loans Structured Transaction Series 2018-1, Class A2 | Seasoned Loans Structured Transaction Series 2018-1, Class A2 | Seasoned Loans Structured Transaction Series 2018-1, Class A2 | Seasoned Loans Structured Transaction Series 2018-1, Class A2 |
| 1245000 | 3.500 | 06/25/28 | 1180301 |
| Sequoia Mortgage Trust Series 2004-10, Class A1A<sup>(c)</sup><br> (1M USD LIBOR + 0.620%) | Sequoia Mortgage Trust Series 2004-10, Class A1A<sup>(c)</sup><br> (1M USD LIBOR + 0.620%) | Sequoia Mortgage Trust Series 2004-10, Class A1A<sup>(c)</sup><br> (1M USD LIBOR + 0.620%) | Sequoia Mortgage Trust Series 2004-10, Class A1A<sup>(c)</sup><br> (1M USD LIBOR + 0.620%) |
| 154620 | 5.106 | 11/20/34 | 137493 |
| Sequoia Mortgage Trust Series 2013-2, Class A1<sup>(c)(g)</sup> | Sequoia Mortgage Trust Series 2013-2, Class A1<sup>(c)(g)</sup> | Sequoia Mortgage Trust Series 2013-2, Class A1<sup>(c)(g)</sup> | Sequoia Mortgage Trust Series 2013-2, Class A1<sup>(c)(g)</sup> |
| 483481 | 1.874 | 02/25/43 | 410441 |
| Sequoia Mortgage Trust Series 2013-6, Class A1<sup>(c)(g)</sup> | Sequoia Mortgage Trust Series 2013-6, Class A1<sup>(c)(g)</sup> | Sequoia Mortgage Trust Series 2013-6, Class A1<sup>(c)(g)</sup> | Sequoia Mortgage Trust Series 2013-6, Class A1<sup>(c)(g)</sup> |
| 1073970 | 2.500 | 05/25/43 | 939802 |
| Sequoia Mortgage Trust Series 2015-4, Class A1<sup>(b)(c)(g)</sup> | Sequoia Mortgage Trust Series 2015-4, Class A1<sup>(b)(c)(g)</sup> | Sequoia Mortgage Trust Series 2015-4, Class A1<sup>(b)(c)(g)</sup> | Sequoia Mortgage Trust Series 2015-4, Class A1<sup>(b)(c)(g)</sup> |
| 515103 | 3.000 | 11/25/30 | 475833 |
| Sequoia Mortgage Trust Series 2016-3, Class A1<sup>(b)(c)(g)</sup> | Sequoia Mortgage Trust Series 2016-3, Class A1<sup>(b)(c)(g)</sup> | Sequoia Mortgage Trust Series 2016-3, Class A1<sup>(b)(c)(g)</sup> | Sequoia Mortgage Trust Series 2016-3, Class A1<sup>(b)(c)(g)</sup> |
| 549441 | 3.500 | 11/25/46 | 496433 |
| Sequoia Mortgage Trust Series 2017-5, Class A1<sup>(b)(c)(g)</sup> | Sequoia Mortgage Trust Series 2017-5, Class A1<sup>(b)(c)(g)</sup> | Sequoia Mortgage Trust Series 2017-5, Class A1<sup>(b)(c)(g)</sup> | Sequoia Mortgage Trust Series 2017-5, Class A1<sup>(b)(c)(g)</sup> |
| 466633 | 3.500 | 08/25/47 | 427289 |
| Sequoia Mortgage Trust Series 2017-6, Class A1<sup>(b)(c)(g)</sup> | Sequoia Mortgage Trust Series 2017-6, Class A1<sup>(b)(c)(g)</sup> | Sequoia Mortgage Trust Series 2017-6, Class A1<sup>(b)(c)(g)</sup> | Sequoia Mortgage Trust Series 2017-6, Class A1<sup>(b)(c)(g)</sup> |
| 1126233 | 3.500 | 09/25/47 | 1023268 |
| Sequoia Mortgage Trust Series 2018-2, Class A1<sup>(b)(c)(g)</sup> | Sequoia Mortgage Trust Series 2018-2, Class A1<sup>(b)(c)(g)</sup> | Sequoia Mortgage Trust Series 2018-2, Class A1<sup>(b)(c)(g)</sup> | Sequoia Mortgage Trust Series 2018-2, Class A1<sup>(b)(c)(g)</sup> |
| 388267 | 3.500 | 02/25/48 | 351743 |
| Shellpoint Co-Originator Trust Series 2017-2, Class A1<sup>(b)(c)(g)</sup> | Shellpoint Co-Originator Trust Series 2017-2, Class A1<sup>(b)(c)(g)</sup> | Shellpoint Co-Originator Trust Series 2017-2, Class A1<sup>(b)(c)(g)</sup> | Shellpoint Co-Originator Trust Series 2017-2, Class A1<sup>(b)(c)(g)</sup> |
| 605103 | 3.500 | 10/25/47 | 547423 |
| Structured Adjustable Rate Mortgage Loan Trust Series 2004-14, Class 1A<sup>(c)(g)</sup> | Structured Adjustable Rate Mortgage Loan Trust Series 2004-14, Class 1A<sup>(c)(g)</sup> | Structured Adjustable Rate Mortgage Loan Trust Series 2004-14, Class 1A<sup>(c)(g)</sup> | Structured Adjustable Rate Mortgage Loan Trust Series 2004-14, Class 1A<sup>(c)(g)</sup> |
| 117086 | 3.901 | 10/25/34 | 109183 |
| Structured Adjustable Rate Mortgage Loan Trust Series 2004-4, Class 3A4<sup>(c)(g)</sup> | Structured Adjustable Rate Mortgage Loan Trust Series 2004-4, Class 3A4<sup>(c)(g)</sup> | Structured Adjustable Rate Mortgage Loan Trust Series 2004-4, Class 3A4<sup>(c)(g)</sup> | Structured Adjustable Rate Mortgage Loan Trust Series 2004-4, Class 3A4<sup>(c)(g)</sup> |
| 28254 | 4.162 | 04/25/34 | 28000 |
| Structured Asset Securities Corp. Series 2003-31A, Class 2A7<sup>(c)(g)</sup> | Structured Asset Securities Corp. Series 2003-31A, Class 2A7<sup>(c)(g)</sup> | Structured Asset Securities Corp. Series 2003-31A, Class 2A7<sup>(c)(g)</sup> | Structured Asset Securities Corp. Series 2003-31A, Class 2A7<sup>(c)(g)</sup> |
| 114542 | 4.243 | 10/25/33 | 110194 |
| Structured Asset Securities Corp. Series 2003-34A, Class 3A3<sup>(c)(g)</sup> | Structured Asset Securities Corp. Series 2003-34A, Class 3A3<sup>(c)(g)</sup> | Structured Asset Securities Corp. Series 2003-34A, Class 3A3<sup>(c)(g)</sup> | Structured Asset Securities Corp. Series 2003-34A, Class 3A3<sup>(c)(g)</sup> |
| 77184 | 3.986 | 11/25/33 | 75319 |
| Structured Asset Securities Corp. Series 2003-34A, Class 6A<sup>(c)(g)</sup> | Structured Asset Securities Corp. Series 2003-34A, Class 6A<sup>(c)(g)</sup> | Structured Asset Securities Corp. Series 2003-34A, Class 6A<sup>(c)(g)</sup> | Structured Asset Securities Corp. Series 2003-34A, Class 6A<sup>(c)(g)</sup> |
| 65572 | 4.112 | 11/25/33 | 59936 |
| UWM Mortgage Trust Series 2021-INV4, Class A3<sup>(b)(c)(g)</sup> | UWM Mortgage Trust Series 2021-INV4, Class A3<sup>(b)(c)(g)</sup> | UWM Mortgage Trust Series 2021-INV4, Class A3<sup>(b)(c)(g)</sup> | UWM Mortgage Trust Series 2021-INV4, Class A3<sup>(b)(c)(g)</sup> |
| 11034432 | 2.500 | 12/25/51 | 9102855 |
| Wells Fargo Mortgage Backed Securities Trust Series 2021-2, Class A1<sup>(b)(c)(g)</sup> | Wells Fargo Mortgage Backed Securities Trust Series 2021-2, Class A1<sup>(b)(c)(g)</sup> | Wells Fargo Mortgage Backed Securities Trust Series 2021-2, Class A1<sup>(b)(c)(g)</sup> | Wells Fargo Mortgage Backed Securities Trust Series 2021-2, Class A1<sup>(b)(c)(g)</sup> |
| 308810 | 2.500 | 06/25/51 | 257471 |
| WinWater Mortgage Loan Trust Series 2015-5, Class A3<sup>(b)(c)(g)</sup> | WinWater Mortgage Loan Trust Series 2015-5, Class A3<sup>(b)(c)(g)</sup> | WinWater Mortgage Loan Trust Series 2015-5, Class A3<sup>(b)(c)(g)</sup> | WinWater Mortgage Loan Trust Series 2015-5, Class A3<sup>(b)(c)(g)</sup> |
| 1063621 | 3.500 | 08/20/45 | 961513 |
| WinWater Mortgage Loan Trust Series 2016-1, Class 1A5<sup>(b)(c)(g)</sup> | WinWater Mortgage Loan Trust Series 2016-1, Class 1A5<sup>(b)(c)(g)</sup> | WinWater Mortgage Loan Trust Series 2016-1, Class 1A5<sup>(b)(c)(g)</sup> | WinWater Mortgage Loan Trust Series 2016-1, Class 1A5<sup>(b)(c)(g)</sup> |
| 747956 | 3.500 | 01/20/46 | 678272 |
| **TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS<br>(Cost $150,002,512)** | **TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS<br>(Cost $150,002,512)** | **TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS<br>(Cost $150,002,512)** | $130227740 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Mortgage-Backed Obligations – (continued)** | **Mortgage-Backed Obligations – (continued)** | **Mortgage-Backed Obligations – (continued)** | **Mortgage-Backed Obligations – (continued)** |
| **Commercial Mortgage Obligations – 0.4%** | **Commercial Mortgage Obligations – 0.4%** | **Commercial Mortgage Obligations – 0.4%** | **Commercial Mortgage Obligations – 0.4%** |
| Commercial Mortgage Pass-Through Certificates<br>Series 2014-CR14, Class A2 | Commercial Mortgage Pass-Through Certificates<br>Series 2014-CR14, Class A2 | Commercial Mortgage Pass-Through Certificates<br>Series 2014-CR14, Class A2 | Commercial Mortgage Pass-Through Certificates<br>Series 2014-CR14, Class A2 |
| $775620 | 3.147% | 02/10/47 | $768416 |
| GNMA REMIC Series 2013-68, Class B<sup>(c)(g)</sup> | GNMA REMIC Series 2013-68, Class B<sup>(c)(g)</sup> | GNMA REMIC Series 2013-68, Class B<sup>(c)(g)</sup> | GNMA REMIC Series 2013-68, Class B<sup>(c)(g)</sup> |
| 653279 | 2.500 | 08/16/43 | 625175 |
| LSTAR Commercial Mortgage Trust Series 2016-4, Class A2<sup>(b)</sup> | LSTAR Commercial Mortgage Trust Series 2016-4, Class A2<sup>(b)</sup> | LSTAR Commercial Mortgage Trust Series 2016-4, Class A2<sup>(b)</sup> | LSTAR Commercial Mortgage Trust Series 2016-4, Class A2<sup>(b)</sup> |
| 838032 | 2.579 | 03/10/49 | 836583 |
| Morgan Stanley Bank of America Merrill Lynch Trust<br>Series 2015-C22, Class A2 | Morgan Stanley Bank of America Merrill Lynch Trust<br>Series 2015-C22, Class A2 | Morgan Stanley Bank of America Merrill Lynch Trust<br>Series 2015-C22, Class A2 | Morgan Stanley Bank of America Merrill Lynch Trust<br>Series 2015-C22, Class A2 |
| 1954843 | 2.739 | 04/15/48 | 1950183 |
| **TOTAL COMMERCIAL MORTGAGE OBLIGATIONS<br>(Cost $4,251,721)** | **TOTAL COMMERCIAL MORTGAGE OBLIGATIONS<br>(Cost $4,251,721)** | **TOTAL COMMERCIAL MORTGAGE OBLIGATIONS<br>(Cost $4,251,721)** | $4180357 |
| **Federal Agencies – 0.6%** | **Federal Agencies – 0.6%** | **Federal Agencies – 0.6%** | **Federal Agencies – 0.6%** |
| FHLMC | FHLMC | FHLMC | FHLMC |
| 39932 | 7.000 | 05/01/26 | 40152 |
| 9062 | 7.500 | 12/01/30 | 9662 |
| 16576 | 7.500 | 01/01/31 | 17408 |
| 30384 | 7.000 | 08/01/31 | 31914 |
| 392919 | 5.000 | 05/01/33 | 403006 |
| (1 Year CMT + 2.229%) | (1 Year CMT + 2.229%) | (1 Year CMT + 2.229%) | (1 Year CMT + 2.229%) |
| 39963 | 3.214 <sup>(c)</sup> | 05/01/34 | 40519 |
| (12M USD LIBOR + 1.841%) | (12M USD LIBOR + 1.841%) | (12M USD LIBOR + 1.841%) | (12M USD LIBOR + 1.841%) |
| 66534 | 4.090 <sup>(c)</sup> | 01/01/36 | 65176 |
| 508108 | 4.000 | 06/01/42 | 504108 |
| 394445 | 3.000 | 06/01/45 | 361188 |
| (12M USD LIBOR + 1.600%) | (12M USD LIBOR + 1.600%) | (12M USD LIBOR + 1.600%) | (12M USD LIBOR + 1.600%) |
| 779121 | 2.716 <sup>(c)</sup> | 07/01/45 | 751378 |
| FNMA | FNMA | FNMA | FNMA |
| 355582 | 2.500 | 05/01/28 | 338581 |
| (6M USD LIBOR + 1.413%) | (6M USD LIBOR + 1.413%) | (6M USD LIBOR + 1.413%) | (6M USD LIBOR + 1.413%) |
| 13023 | 2.663 <sup>(c)</sup> | 02/01/33 | 12708 |
| (12M USD LIBOR + 1.760%) | (12M USD LIBOR + 1.760%) | (12M USD LIBOR + 1.760%) | (12M USD LIBOR + 1.760%) |
| 31447 | 2.291 <sup>(c)</sup> | 02/01/35 | 30941 |
| (12M USD LIBOR + 1.597%) | (12M USD LIBOR + 1.597%) | (12M USD LIBOR + 1.597%) | (12M USD LIBOR + 1.597%) |
| 93010 | 5.862 <sup>(c)</sup> | 12/01/45 | 95403 |
| 125441 | 4.500 | 01/01/48 | 122097 |
| 870422 | 2.500 | 06/01/51 | 744875 |
| GNMA | GNMA | GNMA | GNMA |
| 4834 | 7.500 | 08/20/25 | 4867 |
| 22476 | 7.500 | 07/20/26 | 22836 |
| 9353 | 6.500 | 04/15/31 | 9698 |
| 58759 | 6.500 | 05/15/31 | 60928 |
| 733436 | 2.500 | 06/20/31 | 690656 |
| 17842 | 5.000 | 02/20/49 | 17789 |
| UMBS | UMBS | UMBS | UMBS |
| 2861 | 6.500 | 03/01/26 | 2963 |
| 7634 | 6.500 | 10/01/28 | 7907 |
| 8170 | 7.500 | 09/01/29 | 8149 |
| 19922 | 7.000 | 03/01/31 | 19946 |
| 1829 | 7.500 | 03/01/31 | 1866 |
| 6401 | 7.000 | 11/01/31 | 6377 |
| 21171 | 7.000 | 01/01/32 | 21122 |
| 32190 | 6.000 | 12/01/32 | 33060 |
| 930310 | 3.500 | 08/01/35 | 911245 |

---

------

THE BOND FUND

*January 31, 2023 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Mortgage-Backed Obligations – (continued)** | **Mortgage-Backed Obligations – (continued)** | **Mortgage-Backed Obligations – (continued)** | **Mortgage-Backed Obligations – (continued)** |
| **Federal Agencies – (continued)** | **Federal Agencies – (continued)** | **Federal Agencies – (continued)** | **Federal Agencies – (continued)** |
| UMBS (continued) | UMBS (continued) | UMBS (continued) | UMBS (continued) |
| $591668 | 5.000% | 08/01/48 | $609683 |
|  |  |  | 5998208 |
| **TOTAL MORTGAGE-BACKED OBLIGATIONS<br>(Cost $160,696,218)** | **TOTAL MORTGAGE-BACKED OBLIGATIONS<br>(Cost $160,696,218)** | **TOTAL MORTGAGE-BACKED OBLIGATIONS<br>(Cost $160,696,218)** | $140406305 |
| **U.S. Treasury Obligations – 10.2%** | **U.S. Treasury Obligations – 10.2%** | **U.S. Treasury Obligations – 10.2%** | **U.S. Treasury Obligations – 10.2%** |
| United States Treasury Bonds | United States Treasury Bonds | United States Treasury Bonds | United States Treasury Bonds |
| 12000000 | 1.750 | 08/15/41 | 8706563 |
| 3000000 | 3.125 | 08/15/44 | 2690859 |
| 2125000 | 2.500 | 02/15/45 | 1705063 |
| 5000000 | 2.500 | 02/15/46 | 3990039 |
| 38000000 | 2.750 | 11/15/47 | 31683984 |
| 6000000 | 3.000 | 02/15/48 | 5244609 |
| 7000000 | 2.250 | 08/15/49 | 5257930 |
| United States Treasury Inflation Indexed Bond | United States Treasury Inflation Indexed Bond | United States Treasury Inflation Indexed Bond | United States Treasury Inflation Indexed Bond |
| 9223060 | 0.750 | 02/15/42 | 8028926 |
| United States Treasury Inflation Indexed Note | United States Treasury Inflation Indexed Note | United States Treasury Inflation Indexed Note | United States Treasury Inflation Indexed Note |
| 6162500 | 0.375 | 01/15/27 | 5881456 |
| United States Treasury Notes | United States Treasury Notes | United States Treasury Notes | United States Treasury Notes |
| 10000000 | 2.125 | 03/31/24 | 9709375 |
| 6000000 | 2.875 | 05/31/25 | 5836875 |
| 5000000 | 1.500 | 08/15/26 | 4619141 |
| 2000000 | 2.250 | 02/15/27 | 1890000 |
| 6380000 | 0.625 | 05/15/30 | 5207426 |
| 5000000 | 1.375 | 11/15/31 | 4204102 |
| **TOTAL U.S. TREASURY OBLIGATIONS<br>(Cost $113,716,453)** | **TOTAL U.S. TREASURY OBLIGATIONS<br>(Cost $113,716,453)** | **TOTAL U.S. TREASURY OBLIGATIONS<br>(Cost $113,716,453)** | $104656348 |
| **Municipal Bond Obligations – 10.0%** | **Municipal Bond Obligations – 10.0%** | **Municipal Bond Obligations – 10.0%** | **Municipal Bond Obligations – 10.0%** |
| **California – 1.7%** | **California – 1.7%** | **California – 1.7%** | **California – 1.7%** |
| Beverly Hills CA Unified School District GO Bonds (Capital Appreciation) (Refunding) Series 2016<sup>(a)(h)</sup> | Beverly Hills CA Unified School District GO Bonds (Capital Appreciation) (Refunding) Series 2016<sup>(a)(h)</sup> | Beverly Hills CA Unified School District GO Bonds (Capital Appreciation) (Refunding) Series 2016<sup>(a)(h)</sup> | Beverly Hills CA Unified School District GO Bonds (Capital Appreciation) (Refunding) Series 2016<sup>(a)(h)</sup> |
| 5000000 | 0.000% | 08/01/38 | 2820247 |
| California State Municipal Finance Authority Refunding Revenue Bonds (Taxable-Refunding-University Of San Diego) Series B | California State Municipal Finance Authority Refunding Revenue Bonds (Taxable-Refunding-University Of San Diego) Series B | California State Municipal Finance Authority Refunding Revenue Bonds (Taxable-Refunding-University Of San Diego) Series B | California State Municipal Finance Authority Refunding Revenue Bonds (Taxable-Refunding-University Of San Diego) Series B |
| 3130000 | 2.536 | 10/01/29 | 2779304 |
| City of National City CA Pension Obligation Revenue (Taxable) Series 2021 | City of National City CA Pension Obligation Revenue (Taxable) Series 2021 | City of National City CA Pension Obligation Revenue (Taxable) Series 2021 | City of National City CA Pension Obligation Revenue (Taxable) Series 2021 |
| 3820000 | 2.649 | 11/01/31 | 3248444 |
| Foothill-De Anza CA Community College District GO Bonds (Taxable - Election of 2006) Series E<sup>(a)</sup> | Foothill-De Anza CA Community College District GO Bonds (Taxable - Election of 2006) Series E<sup>(a)</sup> | Foothill-De Anza CA Community College District GO Bonds (Taxable - Election of 2006) Series E<sup>(a)</sup> | Foothill-De Anza CA Community College District GO Bonds (Taxable - Election of 2006) Series E<sup>(a)</sup> |
| 1730000 | 3.223 | 08/01/38 | 1501612 |
| Napa Valley Unified School District GO Bonds (Build America Bonds-Taxable) Series B<sup>(a)</sup> | Napa Valley Unified School District GO Bonds (Build America Bonds-Taxable) Series B<sup>(a)</sup> | Napa Valley Unified School District GO Bonds (Build America Bonds-Taxable) Series B<sup>(a)</sup> | Napa Valley Unified School District GO Bonds (Build America Bonds-Taxable) Series B<sup>(a)</sup> |
| 3000000 | 6.507 | 08/01/43 | 3531515 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** |
| **California – (continued)** | **California – (continued)** | **California – (continued)** | **California – (continued)** |
| Poway CA Unified School District GO Bonds (Taxable-Refunding-Improvement Date 2002-1) Series 2019 | Poway CA Unified School District GO Bonds (Taxable-Refunding-Improvement Date 2002-1) Series 2019 | Poway CA Unified School District GO Bonds (Taxable-Refunding-Improvement Date 2002-1) Series 2019 | Poway CA Unified School District GO Bonds (Taxable-Refunding-Improvement Date 2002-1) Series 2019 |
| $3750000 | 2.414% | 08/01/27 | $3466001 |
|  |  |  | 17347123 |
| **Colorado – 0.1%** | **Colorado – 0.1%** | **Colorado – 0.1%** | **Colorado – 0.1%** |
| County of El Paso, Colorado Revenue Bonds (Taxable-Refunding) Series 2020 B | County of El Paso, Colorado Revenue Bonds (Taxable-Refunding) Series 2020 B | County of El Paso, Colorado Revenue Bonds (Taxable-Refunding) Series 2020 B | County of El Paso, Colorado Revenue Bonds (Taxable-Refunding) Series 2020 B |
| 730000 | 0.800 | 06/01/23 | 719843 |
| **Connecticut – 0.3%** | **Connecticut – 0.3%** | **Connecticut – 0.3%** | **Connecticut – 0.3%** |
| Connecticut State GO Bonds Unlimited (Taxable) Series A | Connecticut State GO Bonds Unlimited (Taxable) Series A | Connecticut State GO Bonds Unlimited (Taxable) Series A | Connecticut State GO Bonds Unlimited (Taxable) Series A |
| 3500000 | 3.743 | 09/15/25 | 3462468 |
| **Florida<sup>(a)</sup>** – 0.3% | **Florida<sup>(a)</sup>** – 0.3% | **Florida<sup>(a)</sup>** – 0.3% | **Florida<sup>(a)</sup>** – 0.3% |
| Florida Development Finance Corp. (Taxable-Refunding-Shands Jacksonville Medical Center Obligated Group) Series B AGM | Florida Development Finance Corp. (Taxable-Refunding-Shands Jacksonville Medical Center Obligated Group) Series B AGM | Florida Development Finance Corp. (Taxable-Refunding-Shands Jacksonville Medical Center Obligated Group) Series B AGM | Florida Development Finance Corp. (Taxable-Refunding-Shands Jacksonville Medical Center Obligated Group) Series B AGM |
| 1800000 | 3.223 | 02/01/32 | 1552366 |
| Miami-Dade County FL Health Facilities Authority (Taxable-Refunding, Variety Children's Hospital Obligated Group) Series 2021 | Miami-Dade County FL Health Facilities Authority (Taxable-Refunding, Variety Children's Hospital Obligated Group) Series 2021 | Miami-Dade County FL Health Facilities Authority (Taxable-Refunding, Variety Children's Hospital Obligated Group) Series 2021 | Miami-Dade County FL Health Facilities Authority (Taxable-Refunding, Variety Children's Hospital Obligated Group) Series 2021 |
| 1500000 | 2.520 | 08/01/31 | 1236409 |
|  |  |  | 2788775 |
| **Hawaii<sup>(a)</sup>** – 0.3% | **Hawaii<sup>(a)</sup>** – 0.3% | **Hawaii<sup>(a)</sup>** – 0.3% | **Hawaii<sup>(a)</sup>** – 0.3% |
| State of Hawaii GO Bonds Series 2020 | State of Hawaii GO Bonds Series 2020 | State of Hawaii GO Bonds Series 2020 | State of Hawaii GO Bonds Series 2020 |
| 2960000 | 0.571 | 10/01/23 | 2888729 |
| **Idaho<sup>(a)</sup>** – 0.5% | **Idaho<sup>(a)</sup>** – 0.5% | **Idaho<sup>(a)</sup>** – 0.5% | **Idaho<sup>(a)</sup>** – 0.5% |
| Idaho Housing & Finance Association Economic Development Revenue Bonds Taxable (Facilities Project) Series 2011<sup>(b)</sup> | Idaho Housing & Finance Association Economic Development Revenue Bonds Taxable (Facilities Project) Series 2011<sup>(b)</sup> | Idaho Housing & Finance Association Economic Development Revenue Bonds Taxable (Facilities Project) Series 2011<sup>(b)</sup> | Idaho Housing & Finance Association Economic Development Revenue Bonds Taxable (Facilities Project) Series 2011<sup>(b)</sup> |
| 4100000 | 7.000 | 01/01/31 | 4111131 |
| Idaho State Building Authority Revenue Bonds Taxable (Idaho Board of Education Project) Series A | Idaho State Building Authority Revenue Bonds Taxable (Idaho Board of Education Project) Series A | Idaho State Building Authority Revenue Bonds Taxable (Idaho Board of Education Project) Series A | Idaho State Building Authority Revenue Bonds Taxable (Idaho Board of Education Project) Series A |
| 1500000 | 3.120 | 09/01/24 | 1468822 |
|  |  |  | 5579953 |
| **Illinois – 0.4%** | **Illinois – 0.4%** | **Illinois – 0.4%** | **Illinois – 0.4%** |
| Will County Elementary School District No 122 GO Bonds (Taxable-Refunding) Series A | Will County Elementary School District No 122 GO Bonds (Taxable-Refunding) Series A | Will County Elementary School District No 122 GO Bonds (Taxable-Refunding) Series A | Will County Elementary School District No 122 GO Bonds (Taxable-Refunding) Series A |
| 2750000 | 2.111 | 10/01/27 | 2469292 |
| Will County Forest Preservation District GO Bonds Build America Bonds Direct Payment Series 2009 | Will County Forest Preservation District GO Bonds Build America Bonds Direct Payment Series 2009 | Will County Forest Preservation District GO Bonds Build America Bonds Direct Payment Series 2009 | Will County Forest Preservation District GO Bonds Build America Bonds Direct Payment Series 2009 |
| 1000000 | 5.700 | 12/15/27 | 1061653 |
| Winnebago County IL GO Bonds Series 2018 | Winnebago County IL GO Bonds Series 2018 | Winnebago County IL GO Bonds Series 2018 | Winnebago County IL GO Bonds Series 2018 |
| 1035000 | 3.900 | 12/30/25 | 1019455 |
|  |  |  | 4550400 |
| **Indiana<sup>(a)</sup>** – 0.1% | **Indiana<sup>(a)</sup>** – 0.1% | **Indiana<sup>(a)</sup>** – 0.1% | **Indiana<sup>(a)</sup>** – 0.1% |
| Indiana University Revenue Bonds (Taxable-Refunding) Series B | Indiana University Revenue Bonds (Taxable-Refunding) Series B | Indiana University Revenue Bonds (Taxable-Refunding) Series B | Indiana University Revenue Bonds (Taxable-Refunding) Series B |
| 1000000 | 2.767 | 06/01/37 | 794923 |

---

------

THE BOND FUND

*January 31, 2023 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** |
| **Kentucky – 1.1%** | **Kentucky – 1.1%** | **Kentucky – 1.1%** | **Kentucky – 1.1%** |
| Kentucky Higher Education Student Loan Corp. (Taxable) Series A | Kentucky Higher Education Student Loan Corp. (Taxable) Series A | Kentucky Higher Education Student Loan Corp. (Taxable) Series A | Kentucky Higher Education Student Loan Corp. (Taxable) Series A |
| $4500000 | 2.685% | 06/01/31 | $3716841 |
| Kentucky State Property & Buildings Commission Revenue Bonds (Taxable-Refunding) Series D | Kentucky State Property & Buildings Commission Revenue Bonds (Taxable-Refunding) Series D | Kentucky State Property & Buildings Commission Revenue Bonds (Taxable-Refunding) Series D | Kentucky State Property & Buildings Commission Revenue Bonds (Taxable-Refunding) Series D |
| 5000000 | 2.522 | 11/01/27 | 4502714 |
| River City, Inc. KY Parking Authority Revenue Bonds (Refunding) Series B<sup>(a)</sup> | River City, Inc. KY Parking Authority Revenue Bonds (Refunding) Series B<sup>(a)</sup> | River City, Inc. KY Parking Authority Revenue Bonds (Refunding) Series B<sup>(a)</sup> | River City, Inc. KY Parking Authority Revenue Bonds (Refunding) Series B<sup>(a)</sup> |
| 2890000 | 2.750 | 12/01/33 | 2859266 |
|  |  |  | 11078821 |
| **Louisiana – 0.2%** | **Louisiana – 0.2%** | **Louisiana – 0.2%** | **Louisiana – 0.2%** |
| City of New Orleans LA GO Bonds (Taxable-Refunding) Series 2021 | City of New Orleans LA GO Bonds (Taxable-Refunding) Series 2021 | City of New Orleans LA GO Bonds (Taxable-Refunding) Series 2021 | City of New Orleans LA GO Bonds (Taxable-Refunding) Series 2021 |
| 2085000 | 2.054 | 09/01/28 | 1826995 |
| **Michigan – 0.3%** | **Michigan – 0.3%** | **Michigan – 0.3%** | **Michigan – 0.3%** |
| Dearborn MI GO Bonds (Taxable) Series B | Dearborn MI GO Bonds (Taxable) Series B | Dearborn MI GO Bonds (Taxable) Series B | Dearborn MI GO Bonds (Taxable) Series B |
| 1750000 | 3.879 | 05/01/27 | 1717587 |
| Fraser MI Public School District GO Bonds (Taxable-Refunding) Series 2019 (Q-SBLF) | Fraser MI Public School District GO Bonds (Taxable-Refunding) Series 2019 (Q-SBLF) | Fraser MI Public School District GO Bonds (Taxable-Refunding) Series 2019 (Q-SBLF) | Fraser MI Public School District GO Bonds (Taxable-Refunding) Series 2019 (Q-SBLF) |
| 2150000 | 2.380 | 05/01/29 | 1898299 |
|  |  |  | 3615886 |
| **Mississippi<sup>(a)</sup> – 0.4%** | **Mississippi<sup>(a)</sup> – 0.4%** | **Mississippi<sup>(a)</sup> – 0.4%** | **Mississippi<sup>(a)</sup> – 0.4%** |
| Mississippi Medical Center Educational Building Corp. Revenue Bonds (Taxable-Refunding-University) Series B | Mississippi Medical Center Educational Building Corp. Revenue Bonds (Taxable-Refunding-University) Series B | Mississippi Medical Center Educational Building Corp. Revenue Bonds (Taxable-Refunding-University) Series B | Mississippi Medical Center Educational Building Corp. Revenue Bonds (Taxable-Refunding-University) Series B |
| 1465000 | 3.000 | 06/01/23 | 1457124 |
| State of Mississippi GO (Taxable-Refunding-Bonds) Series 2020 | State of Mississippi GO (Taxable-Refunding-Bonds) Series 2020 | State of Mississippi GO (Taxable-Refunding-Bonds) Series 2020 | State of Mississippi GO (Taxable-Refunding-Bonds) Series 2020 |
| 3000000 | 1.282 | 11/01/28 | 2534285 |
|  |  |  | 3991409 |
| **Missouri<sup>(a)</sup> – 0.5%** | **Missouri<sup>(a)</sup> – 0.5%** | **Missouri<sup>(a)</sup> – 0.5%** | **Missouri<sup>(a)</sup> – 0.5%** |
| Curators University of Missouri System Facilities Revenue Bonds Build America Bonds | Curators University of Missouri System Facilities Revenue Bonds Build America Bonds | Curators University of Missouri System Facilities Revenue Bonds Build America Bonds | Curators University of Missouri System Facilities Revenue Bonds Build America Bonds |
| 2500000 | 5.792 | 11/01/41 | 2848350 |
| Missouri State Highways & Transit Commission State Road Revenue Bonds Build America Bonds Series 2010 | Missouri State Highways & Transit Commission State Road Revenue Bonds Build America Bonds Series 2010 | Missouri State Highways & Transit Commission State Road Revenue Bonds Build America Bonds Series 2010 | Missouri State Highways & Transit Commission State Road Revenue Bonds Build America Bonds Series 2010 |
| 2800000 | 4.820 | 05/01/23 | 2800445 |
|  |  |  | 5648795 |
| **Nebraska – 0.3%** | **Nebraska – 0.3%** | **Nebraska – 0.3%** | **Nebraska – 0.3%** |
| University of Nebraska Facilities Corp. Revenue Bonds (Taxable-Refunding) Series A | University of Nebraska Facilities Corp. Revenue Bonds (Taxable-Refunding) Series A | University of Nebraska Facilities Corp. Revenue Bonds (Taxable-Refunding) Series A | University of Nebraska Facilities Corp. Revenue Bonds (Taxable-Refunding) Series A |
| 3750000 | 2.175 | 10/01/26 | 3494370 |
| **New Jersey<sup>(a)</sup> – 0.3%** | **New Jersey<sup>(a)</sup> – 0.3%** | **New Jersey<sup>(a)</sup> – 0.3%** | **New Jersey<sup>(a)</sup> – 0.3%** |
| Rutgers New Jersey State University Revenue Bonds (Taxable-Refunding) Series R | Rutgers New Jersey State University Revenue Bonds (Taxable-Refunding) Series R | Rutgers New Jersey State University Revenue Bonds (Taxable-Refunding) Series R | Rutgers New Jersey State University Revenue Bonds (Taxable-Refunding) Series R |
| 4000000 | 2.588 | 05/01/27 | 3695972 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** |
| **New York<sup>(a)</sup> – 0.7%** | **New York<sup>(a)</sup> – 0.7%** | **New York<sup>(a)</sup> – 0.7%** | **New York<sup>(a)</sup> – 0.7%** |
| New York State Dormitory Authority Revenue Bonds (Taxable-Refunding) Series B | New York State Dormitory Authority Revenue Bonds (Taxable-Refunding) Series B | New York State Dormitory Authority Revenue Bonds (Taxable-Refunding) Series B | New York State Dormitory Authority Revenue Bonds (Taxable-Refunding) Series B |
| $2700000 | 3.229% | 03/15/30 | $2530211 |
| New York State Thruway Authority Revenue Bonds (Taxable-Refunding) Series M | New York State Thruway Authority Revenue Bonds (Taxable-Refunding) Series M | New York State Thruway Authority Revenue Bonds (Taxable-Refunding) Series M | New York State Thruway Authority Revenue Bonds (Taxable-Refunding) Series M |
| 2755000 | 2.500 | 01/01/27 | 2562435 |
| New York State Urban Development Corp. Revenue Bonds Series 2019 B | New York State Urban Development Corp. Revenue Bonds Series 2019 B | New York State Urban Development Corp. Revenue Bonds Series 2019 B | New York State Urban Development Corp. Revenue Bonds Series 2019 B |
| 1950000 | 3.350 | 03/15/26 | 1891783 |
|  |  |  | 6984429 |
| **Ohio – 0.7%** | **Ohio – 0.7%** | **Ohio – 0.7%** | **Ohio – 0.7%** |
| City of Cincinnati OH GO Bonds (Taxable-Refunding) Series A<sup>(a)</sup> | City of Cincinnati OH GO Bonds (Taxable-Refunding) Series A<sup>(a)</sup> | City of Cincinnati OH GO Bonds (Taxable-Refunding) Series A<sup>(a)</sup> | City of Cincinnati OH GO Bonds (Taxable-Refunding) Series A<sup>(a)</sup> |
| 2865000 | 1.880 | 12/01/31 | 2332214 |
| South-Western City OH School District Franklin & Pickaway Countries GO Bonds (CABS-Taxable-Refunding) Series C<sup>(h)</sup> | South-Western City OH School District Franklin & Pickaway Countries GO Bonds (CABS-Taxable-Refunding) Series C<sup>(h)</sup> | South-Western City OH School District Franklin & Pickaway Countries GO Bonds (CABS-Taxable-Refunding) Series C<sup>(h)</sup> | South-Western City OH School District Franklin & Pickaway Countries GO Bonds (CABS-Taxable-Refunding) Series C<sup>(h)</sup> |
| 2740000 | 0.000 | 12/01/28 | 2094290 |
| University of Cincinnati Revenue Bonds (Taxable-Refunding) Series B | University of Cincinnati Revenue Bonds (Taxable-Refunding) Series B | University of Cincinnati Revenue Bonds (Taxable-Refunding) Series B | University of Cincinnati Revenue Bonds (Taxable-Refunding) Series B |
| 3000000 | 1.775 | 06/01/29 | 2586226 |
|  |  |  | 7012730 |
| **Oregon – 0.2%** | **Oregon – 0.2%** | **Oregon – 0.2%** | **Oregon – 0.2%** |
| Oregon Education Districts Full Faith & Credit Pension Obligations GO Bonds (Taxable) Series 2018<sup>(a)</sup> | Oregon Education Districts Full Faith & Credit Pension Obligations GO Bonds (Taxable) Series 2018<sup>(a)</sup> | Oregon Education Districts Full Faith & Credit Pension Obligations GO Bonds (Taxable) Series 2018<sup>(a)</sup> | Oregon Education Districts Full Faith & Credit Pension Obligations GO Bonds (Taxable) Series 2018<sup>(a)</sup> |
| 495000 | 4.220 | 06/30/30 | 489985 |
| Portland OR Community College District GO Bonds Series 2018 | Portland OR Community College District GO Bonds Series 2018 | Portland OR Community College District GO Bonds Series 2018 | Portland OR Community College District GO Bonds Series 2018 |
| 1250000 | 3.970 | 06/01/27 | 1238754 |
|  |  |  | 1728739 |
| **Pennsylvania<sup>(a)</sup> – 0.5%** | **Pennsylvania<sup>(a)</sup> – 0.5%** | **Pennsylvania<sup>(a)</sup> – 0.5%** | **Pennsylvania<sup>(a)</sup> – 0.5%** |
| County of Allegheny PA GO (Taxable-Refunding-Bonds) Series C-79 | County of Allegheny PA GO (Taxable-Refunding-Bonds) Series C-79 | County of Allegheny PA GO (Taxable-Refunding-Bonds) Series C-79 | County of Allegheny PA GO (Taxable-Refunding-Bonds) Series C-79 |
| 1650000 | 0.973 | 11/01/25 | 1509496 |
| State Public School Building Authority Revenue Bonds (Qualified School Construction Bonds) | State Public School Building Authority Revenue Bonds (Qualified School Construction Bonds) | State Public School Building Authority Revenue Bonds (Qualified School Construction Bonds) | State Public School Building Authority Revenue Bonds (Qualified School Construction Bonds) |
| 3000000 | 6.495 | 09/15/28 | 3259561 |
|  |  |  | 4769057 |
| **Rhode Island – 0.2%** | **Rhode Island – 0.2%** | **Rhode Island – 0.2%** | **Rhode Island – 0.2%** |
| Rhode Island State Student Loan Authority Loan Revenue Bonds (Taxable) Series 1 | Rhode Island State Student Loan Authority Loan Revenue Bonds (Taxable) Series 1 | Rhode Island State Student Loan Authority Loan Revenue Bonds (Taxable) Series 1 | Rhode Island State Student Loan Authority Loan Revenue Bonds (Taxable) Series 1 |
| 2000000 | 2.530 | 12/01/25 | 1878180 |
| **Texas – 0.7%** | **Texas – 0.7%** | **Texas – 0.7%** | **Texas – 0.7%** |
| Austin TX Community College District GO (Taxable-Refunding) Series 2020 | Austin TX Community College District GO (Taxable-Refunding) Series 2020 | Austin TX Community College District GO (Taxable-Refunding) Series 2020 | Austin TX Community College District GO (Taxable-Refunding) Series 2020 |
| 2120000 | 5.000 | 08/01/23 | 2125209 |

---

------

THE BOND FUND

*January 31, 2023 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** |
| **Texas – (continued)** | **Texas – (continued)** | **Texas – (continued)** | **Texas – (continued)** |
| City of Houston TX GO Bonds (Taxable-Refunding) Series B<sup>(a)</sup> | City of Houston TX GO Bonds (Taxable-Refunding) Series B<sup>(a)</sup> | City of Houston TX GO Bonds (Taxable-Refunding) Series B<sup>(a)</sup> | City of Houston TX GO Bonds (Taxable-Refunding) Series B<sup>(a)</sup> |
| $5000000 | 2.130% | 03/01/26 | $4681560 |
|  |  |  | 6806769 |
| **Washington<sup>(a)</sup> – 0.2%** | **Washington<sup>(a)</sup> – 0.2%** | **Washington<sup>(a)</sup> – 0.2%** | **Washington<sup>(a)</sup> – 0.2%** |
| Seattle Municipal Light & Power Revenue Bonds Taxable Clean Renewable Energy Bonds Series C | Seattle Municipal Light & Power Revenue Bonds Taxable Clean Renewable Energy Bonds Series C | Seattle Municipal Light & Power Revenue Bonds Taxable Clean Renewable Energy Bonds Series C | Seattle Municipal Light & Power Revenue Bonds Taxable Clean Renewable Energy Bonds Series C |
| 2000000 | 3.750 | 06/01/33 | 1883919 |
| **TOTAL MUNICIPAL BOND OBLIGATIONS<br>(Cost $108,835,724)** | **TOTAL MUNICIPAL BOND OBLIGATIONS<br>(Cost $108,835,724)** | **TOTAL MUNICIPAL BOND OBLIGATIONS<br>(Cost $108,835,724)** | $102548285 |
| **Agency Debenture<sup>(a)</sup> – 0.6%** | **Agency Debenture<sup>(a)</sup> – 0.6%** | **Agency Debenture<sup>(a)</sup> – 0.6%** | **Agency Debenture<sup>(a)</sup> – 0.6%** |
| FNMA | FNMA | FNMA | FNMA |
| 6400000 | 0.420% | 11/18/24 | 5952012 |
| **(Cost $6,400,000)** | **(Cost $6,400,000)** | **(Cost $6,400,000)** |  |
| **Shares** | **Description** | **Distribution**<br> **Rate** | **Value** |
| **Investment Company – 1.5%** | **Investment Company – 1.5%** | **Investment Company – 1.5%** | **Investment Company – 1.5%** |
| 15706330 | State Street<br>Institutional<br>US Government<br>Money Market<br>Fund - Premier<br>Class | 4.183% | $15706330 |
| **(Cost $15,706,330)** | **(Cost $15,706,330)** | **(Cost $15,706,330)** |  |
| **TOTAL INVESTMENTS – 100.0%<br>(Cost $1,130,061,124)** | **TOTAL INVESTMENTS – 100.0%<br>(Cost $1,130,061,124)** | **TOTAL INVESTMENTS – 100.0%<br>(Cost $1,130,061,124)** | $1026830447 |
| **OTHER ASSETS IN EXCESS OF<br> LIABILITIES – 0.0%** | **OTHER ASSETS IN EXCESS OF<br> LIABILITIES – 0.0%** | **OTHER ASSETS IN EXCESS OF<br> LIABILITIES – 0.0%** | 22815 |
| **NET ASSETS – 100.0%** | **NET ASSETS – 100.0%** | **NET ASSETS – 100.0%** | $1026853262 |

---

---

| | |
|:---|:---|
| The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets. | The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets. |
| (a) | Security with "Call" features with resetting interest rates. |
| (b) | 144A securities. Securities restricted for resale to Qualified Institutional Buyers. |
| (c) | Variable rate security. The interest rate shown reflects the rate as of January 31, 2023 |
| (d) | Securities with "Put" features with resetting interest rates. Maturity dates disclosed are the next interest reset dates. |
| (e) | Actual maturity date is September 15, 2115. |
| (f) | Step-up Bond. Coupon rate increases in increments to maturity. Rate disclosed is as of January 31, 2023. Maturity date disclosed is the ultimate maturity. |
| (g) | Rate shown is that which is in effect on January 31, 2023. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. |
| (h) | Security issued with a zero coupon. The actual effective yield of this security is different than the stated coupon due to the accretion of discount. |

---

---

| | |
|:---|:---|
| **Investment Abbreviations:** | **Investment Abbreviations:** |
| AGM | — Insured by Assured Guaranty Municipal Corp. |
| FHLMC | — Federal Home Loan Mortgage Corp. |
| FNMA | — Federal National Mortgage Association |
| GNMA | — Government National Mortgage Association |
| GO | — General Obligation |
| LIBOR | — London Interbank Offered Rate |
| Q-SBLF | — Qualified School Bond Loan Fund |
| REMIC | — Real Estate Mortgage Investment Conduit |

---

------

THE SHORT-TERM GOVERNMENT FUND

## Schedule of Investments
*January 31, 2023 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Mortgage-Backed Obligations – 56.2%** | **Mortgage-Backed Obligations – 56.2%** | **Mortgage-Backed Obligations – 56.2%** | **Mortgage-Backed Obligations – 56.2%** |
| **Collateralized Mortgage Obligations – 43.9%** | **Collateralized Mortgage Obligations – 43.9%** | **Collateralized Mortgage Obligations – 43.9%** | **Collateralized Mortgage Obligations – 43.9%** |
| Banc of America Funding Corp. Series 2004-A, Class 1A3 | Banc of America Funding Corp. Series 2004-A, Class 1A3 | Banc of America Funding Corp. Series 2004-A, Class 1A3 | Banc of America Funding Corp. Series 2004-A, Class 1A3 |
| $1434 | 4.496 %<sup>(a)</sup> | 09/20/34 | $1327 |
| Banc of America Mortgage Securities, Inc. Series 2003-J, Class 2A1 | Banc of America Mortgage Securities, Inc. Series 2003-J, Class 2A1 | Banc of America Mortgage Securities, Inc. Series 2003-J, Class 2A1 | Banc of America Mortgage Securities, Inc. Series 2003-J, Class 2A1 |
| 51425 | 3.796 <sup>(a)</sup> | 11/25/33 | 45927 |
| Barclays Mortgage Loan Trust Series 2021-NQM1, Class A1<sup>(b)</sup> | Barclays Mortgage Loan Trust Series 2021-NQM1, Class A1<sup>(b)</sup> | Barclays Mortgage Loan Trust Series 2021-NQM1, Class A1<sup>(b)</sup> | Barclays Mortgage Loan Trust Series 2021-NQM1, Class A1<sup>(b)</sup> |
| 386960 | 1.747 <sup>(a)(c)</sup> | 09/25/51 | 341005 |
| Bear Stearns Adjustable Rate Mortgage Trust Series 2004-9,<br>Class 24A1 | Bear Stearns Adjustable Rate Mortgage Trust Series 2004-9,<br>Class 24A1 | Bear Stearns Adjustable Rate Mortgage Trust Series 2004-9,<br>Class 24A1 | Bear Stearns Adjustable Rate Mortgage Trust Series 2004-9,<br>Class 24A1 |
| 14361 | 4.320 <sup>(a)</sup> | 11/25/34 | 13039 |
| BINOM Securitization Trust Series 2021-INV1, Class A1<sup>(b)</sup> | BINOM Securitization Trust Series 2021-INV1, Class A1<sup>(b)</sup> | BINOM Securitization Trust Series 2021-INV1, Class A1<sup>(b)</sup> | BINOM Securitization Trust Series 2021-INV1, Class A1<sup>(b)</sup> |
| 450034 | 2.034 <sup>(a)(c)</sup> | 06/25/56 | 401770 |
| BRAVO Residential Funding Trust Series 2021-NQM1,<br>Class A1<sup>(b)</sup> | BRAVO Residential Funding Trust Series 2021-NQM1,<br>Class A1<sup>(b)</sup> | BRAVO Residential Funding Trust Series 2021-NQM1,<br>Class A1<sup>(b)</sup> | BRAVO Residential Funding Trust Series 2021-NQM1,<br>Class A1<sup>(b)</sup> |
| 222144 | 0.941 <sup>(a)(c)</sup> | 02/25/49 | 196732 |
| BRAVO Residential Funding Trust Series 2021-NQM2,<br>Class A1<sup>(b)</sup> | BRAVO Residential Funding Trust Series 2021-NQM2,<br>Class A1<sup>(b)</sup> | BRAVO Residential Funding Trust Series 2021-NQM2,<br>Class A1<sup>(b)</sup> | BRAVO Residential Funding Trust Series 2021-NQM2,<br>Class A1<sup>(b)</sup> |
| 299837 | 0.970 <sup>(a)(c)</sup> | 03/25/60 | 283365 |
| Bunker Hill Loan Depositary Trust Series 2020-1, Class A1<sup>(b)</sup> | Bunker Hill Loan Depositary Trust Series 2020-1, Class A1<sup>(b)</sup> | Bunker Hill Loan Depositary Trust Series 2020-1, Class A1<sup>(b)</sup> | Bunker Hill Loan Depositary Trust Series 2020-1, Class A1<sup>(b)</sup> |
| 155712 | 1.724 <sup>(a)(c)</sup> | 02/25/55 | 148795 |
| Citigroup Mortgage Loan Trust, Inc. Series 2004-HYB3, Class A1 | Citigroup Mortgage Loan Trust, Inc. Series 2004-HYB3, Class A1 | Citigroup Mortgage Loan Trust, Inc. Series 2004-HYB3, Class A1 | Citigroup Mortgage Loan Trust, Inc. Series 2004-HYB3, Class A1 |
| 14333 | 3.542 <sup>(a)</sup> | 09/25/34 | 12716 |
| Credit Suisse Mortgage Capital Certificates Series 2021-NQM5, Class A1<sup>(b)</sup> | Credit Suisse Mortgage Capital Certificates Series 2021-NQM5, Class A1<sup>(b)</sup> | Credit Suisse Mortgage Capital Certificates Series 2021-NQM5, Class A1<sup>(b)</sup> | Credit Suisse Mortgage Capital Certificates Series 2021-NQM5, Class A1<sup>(b)</sup> |
| 355269 | 0.938 <sup>(a)(c)</sup> | 05/25/66 | 286031 |
| Fannie Mae Grantor Trust Series 2011-T2, Class A1 | Fannie Mae Grantor Trust Series 2011-T2, Class A1 | Fannie Mae Grantor Trust Series 2011-T2, Class A1 | Fannie Mae Grantor Trust Series 2011-T2, Class A1 |
| 447649 | 2.500 | 08/25/51 | 415558 |
| FHLMC REMIC PAC Series 2022, Class PE | FHLMC REMIC PAC Series 2022, Class PE | FHLMC REMIC PAC Series 2022, Class PE | FHLMC REMIC PAC Series 2022, Class PE |
| 3726 | 6.500 | 01/15/28 | 3808 |
| FHLMC REMIC PAC Series 2109, Class PE | FHLMC REMIC PAC Series 2109, Class PE | FHLMC REMIC PAC Series 2109, Class PE | FHLMC REMIC PAC Series 2109, Class PE |
| 11633 | 6.000 | 12/15/28 | 11924 |
| FHLMC REMIC PAC Series 23, Class PK | FHLMC REMIC PAC Series 23, Class PK | FHLMC REMIC PAC Series 23, Class PK | FHLMC REMIC PAC Series 23, Class PK |
| 3275 | 6.000 | 11/25/23 | 3269 |
| FHLMC REMIC Series 3753, Class AS | FHLMC REMIC Series 3753, Class AS | FHLMC REMIC Series 3753, Class AS | FHLMC REMIC Series 3753, Class AS |
| 209671 | 3.500 | 11/15/25 | 205690 |
| FHLMC REMIC Series 3816, Class HA | FHLMC REMIC Series 3816, Class HA | FHLMC REMIC Series 3816, Class HA | FHLMC REMIC Series 3816, Class HA |
| 524109 | 3.500 | 11/15/25 | 514144 |
| FHLMC REMIC Series 4561, Class BA | FHLMC REMIC Series 4561, Class BA | FHLMC REMIC Series 4561, Class BA | FHLMC REMIC Series 4561, Class BA |
| 291903 | 3.500 | 09/15/42 | 285957 |
| FHLMC REMIC Series 4690, Class VK | FHLMC REMIC Series 4690, Class VK | FHLMC REMIC Series 4690, Class VK | FHLMC REMIC Series 4690, Class VK |
| 219510 | 3.500 | 09/15/28 | 217284 |
| FHLMC REMIC Series 5065, Class A | FHLMC REMIC Series 5065, Class A | FHLMC REMIC Series 5065, Class A | FHLMC REMIC Series 5065, Class A |
| 483410 | 2.000 | 09/25/30 | 474307 |
| FHLMC REMIC Series 5131, Class MA | FHLMC REMIC Series 5131, Class MA | FHLMC REMIC Series 5131, Class MA | FHLMC REMIC Series 5131, Class MA |
| 660190 | 1.500 | 04/25/49 | 571235 |
| FHLMC REMIC Series 5140, Class H | FHLMC REMIC Series 5140, Class H | FHLMC REMIC Series 5140, Class H | FHLMC REMIC Series 5140, Class H |
| 883792 | 2.000 | 08/25/46 | 772950 |
| FHLMC REMIC Series 5144, Class PC | FHLMC REMIC Series 5144, Class PC | FHLMC REMIC Series 5144, Class PC | FHLMC REMIC Series 5144, Class PC |
| 904956 | 1.500 | 09/25/51 | 742531 |
| FNMA REMIC Series 1993-182, Class FA<sup>(d)</sup><br> (10 Year CMT – 0.650%) | FNMA REMIC Series 1993-182, Class FA<sup>(d)</sup><br> (10 Year CMT – 0.650%) | FNMA REMIC Series 1993-182, Class FA<sup>(d)</sup><br> (10 Year CMT – 0.650%) | FNMA REMIC Series 1993-182, Class FA<sup>(d)</sup><br> (10 Year CMT – 0.650%) |
| 275 | 2.790 | 09/25/23 | 275 |
| FNMA REMIC Series 2003-117, Class KB | FNMA REMIC Series 2003-117, Class KB | FNMA REMIC Series 2003-117, Class KB | FNMA REMIC Series 2003-117, Class KB |
| 222268 | 6.000 | 12/25/33 | 232433 |
| FNMA REMIC Series 2003-14, Class AP | FNMA REMIC Series 2003-14, Class AP | FNMA REMIC Series 2003-14, Class AP | FNMA REMIC Series 2003-14, Class AP |
| 8949 | 4.000 | 03/25/33 | 8801 |
| FNMA REMIC Series 2010-109, Class M | FNMA REMIC Series 2010-109, Class M | FNMA REMIC Series 2010-109, Class M | FNMA REMIC Series 2010-109, Class M |
| 330651 | 3.000 | 09/25/40 | 313565 |
| FNMA REMIC Series 2011-146, Class NB | FNMA REMIC Series 2011-146, Class NB | FNMA REMIC Series 2011-146, Class NB | FNMA REMIC Series 2011-146, Class NB |
| 22222 | 4.000 | 09/25/41 | 21725 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Mortgage-Backed Obligations – (continued)** | **Mortgage-Backed Obligations – (continued)** | **Mortgage-Backed Obligations – (continued)** | **Mortgage-Backed Obligations – (continued)** |
| **Collateralized Mortgage Obligations – (continued)** | **Collateralized Mortgage Obligations – (continued)** | **Collateralized Mortgage Obligations – (continued)** | **Collateralized Mortgage Obligations – (continued)** |
| FNMA REMIC Series 2012-100, Class WA | FNMA REMIC Series 2012-100, Class WA | FNMA REMIC Series 2012-100, Class WA | FNMA REMIC Series 2012-100, Class WA |
| $210244 | 1.500% | 09/25/27 | $197862 |
| FNMA REMIC Series 2012-110, Class CA | FNMA REMIC Series 2012-110, Class CA | FNMA REMIC Series 2012-110, Class CA | FNMA REMIC Series 2012-110, Class CA |
| 194678 | 3.000 | 10/25/42 | 180675 |
| FNMA REMIC Series 2012-118, Class EB | FNMA REMIC Series 2012-118, Class EB | FNMA REMIC Series 2012-118, Class EB | FNMA REMIC Series 2012-118, Class EB |
| 219880 | 1.500 | 11/25/27 | 207013 |
| FNMA REMIC Series 2013-112, Class G | FNMA REMIC Series 2013-112, Class G | FNMA REMIC Series 2013-112, Class G | FNMA REMIC Series 2013-112, Class G |
| 119752 | 2.125 | 07/25/40 | 114834 |
| FNMA REMIC Series 2013-135, Class GA | FNMA REMIC Series 2013-135, Class GA | FNMA REMIC Series 2013-135, Class GA | FNMA REMIC Series 2013-135, Class GA |
| 271714 | 3.000 | 07/25/32 | 264423 |
| FNMA REMIC Series 2013-16, Class FY<sup>(d)</sup><br> (1M USD LIBOR + 0.350%) | FNMA REMIC Series 2013-16, Class FY<sup>(d)</sup><br> (1M USD LIBOR + 0.350%) | FNMA REMIC Series 2013-16, Class FY<sup>(d)</sup><br> (1M USD LIBOR + 0.350%) | FNMA REMIC Series 2013-16, Class FY<sup>(d)</sup><br> (1M USD LIBOR + 0.350%) |
| 950302 | 4.856 | 03/25/43 | 924466 |
| FNMA REMIC Series 2013-6, Class BE | FNMA REMIC Series 2013-6, Class BE | FNMA REMIC Series 2013-6, Class BE | FNMA REMIC Series 2013-6, Class BE |
| 226398 | 2.000 | 12/25/42 | 215804 |
| FNMA REMIC Series 2013-74, Class YA | FNMA REMIC Series 2013-74, Class YA | FNMA REMIC Series 2013-74, Class YA | FNMA REMIC Series 2013-74, Class YA |
| 173134 | 3.000 | 05/25/42 | 166510 |
| FNMA REMIC Series 2015-15, Class CA | FNMA REMIC Series 2015-15, Class CA | FNMA REMIC Series 2015-15, Class CA | FNMA REMIC Series 2015-15, Class CA |
| 381345 | 3.500 | 04/25/35 | 370508 |
| FNMA REMIC Series 2015-19, Class CA | FNMA REMIC Series 2015-19, Class CA | FNMA REMIC Series 2015-19, Class CA | FNMA REMIC Series 2015-19, Class CA |
| 129675 | 3.500 | 01/25/43 | 126579 |
| FNMA REMIC Series 2015-2, Class PA | FNMA REMIC Series 2015-2, Class PA | FNMA REMIC Series 2015-2, Class PA | FNMA REMIC Series 2015-2, Class PA |
| 174652 | 2.250 | 03/25/44 | 162701 |
| FNMA REMIC Series 2016-104, Class BA | FNMA REMIC Series 2016-104, Class BA | FNMA REMIC Series 2016-104, Class BA | FNMA REMIC Series 2016-104, Class BA |
| 242401 | 3.000 | 01/25/47 | 227988 |
| FNMA REMIC Series 2016-24, Class TA | FNMA REMIC Series 2016-24, Class TA | FNMA REMIC Series 2016-24, Class TA | FNMA REMIC Series 2016-24, Class TA |
| 55240 | 3.000 | 04/25/42 | 54304 |
| FNMA REMIC Series 2016-53, Class BV | FNMA REMIC Series 2016-53, Class BV | FNMA REMIC Series 2016-53, Class BV | FNMA REMIC Series 2016-53, Class BV |
| 482663 | 3.500 | 11/25/27 | 469970 |
| FNMA REMIC Series 2016-96, Class A | FNMA REMIC Series 2016-96, Class A | FNMA REMIC Series 2016-96, Class A | FNMA REMIC Series 2016-96, Class A |
| 295853 | 1.750 | 12/25/46 | 270475 |
| FNMA REMIC Series 2017-46, Class EA | FNMA REMIC Series 2017-46, Class EA | FNMA REMIC Series 2017-46, Class EA | FNMA REMIC Series 2017-46, Class EA |
| 129102 | 3.500 | 12/25/50 | 126481 |
| FNMA REMIC Series 2017-7, Class JA | FNMA REMIC Series 2017-7, Class JA | FNMA REMIC Series 2017-7, Class JA | FNMA REMIC Series 2017-7, Class JA |
| 173800 | 2.000 | 02/25/47 | 147948 |
| FNMA REMIC Series 2019-10, Class PT | FNMA REMIC Series 2019-10, Class PT | FNMA REMIC Series 2019-10, Class PT | FNMA REMIC Series 2019-10, Class PT |
| 263889 | 3.500 | 03/25/49 | 251683 |
| FNMA REMIC Series 2020-35, Class MA | FNMA REMIC Series 2020-35, Class MA | FNMA REMIC Series 2020-35, Class MA | FNMA REMIC Series 2020-35, Class MA |
| 336574 | 2.000 | 12/25/43 | 308504 |
| FNMA REMIC Series 2020-56, Class AH | FNMA REMIC Series 2020-56, Class AH | FNMA REMIC Series 2020-56, Class AH | FNMA REMIC Series 2020-56, Class AH |
| 647355 | 2.000 | 05/25/45 | 594287 |
| FNMA REMIC Series 2021-28, Class YG | FNMA REMIC Series 2021-28, Class YG | FNMA REMIC Series 2021-28, Class YG | FNMA REMIC Series 2021-28, Class YG |
| 714442 | 2.000 | 03/25/47 | 627339 |
| FNMA REMIC Series 2021-45, Class CB | FNMA REMIC Series 2021-45, Class CB | FNMA REMIC Series 2021-45, Class CB | FNMA REMIC Series 2021-45, Class CB |
| 546886 | 2.000 | 02/25/44 | 500585 |
| FNMA REMIC Series 2021-56, Class HE | FNMA REMIC Series 2021-56, Class HE | FNMA REMIC Series 2021-56, Class HE | FNMA REMIC Series 2021-56, Class HE |
| 610396 | 1.250 | 09/25/51 | 512589 |
| GCAT Trust Series 2021-NQM6, Class A1<sup>(b)</sup> | GCAT Trust Series 2021-NQM6, Class A1<sup>(b)</sup> | GCAT Trust Series 2021-NQM6, Class A1<sup>(b)</sup> | GCAT Trust Series 2021-NQM6, Class A1<sup>(b)</sup> |
| 413729 | 1.855 <sup>(a)(c)</sup> | 08/25/66 | 355601 |
| GNMA REMIC Series 2009-65, Class AF | GNMA REMIC Series 2009-65, Class AF | GNMA REMIC Series 2009-65, Class AF | GNMA REMIC Series 2009-65, Class AF |
| 7015 | 4.000 | 07/20/39 | 6928 |
| GNMA REMIC Series 2010-14, Class PA | GNMA REMIC Series 2010-14, Class PA | GNMA REMIC Series 2010-14, Class PA | GNMA REMIC Series 2010-14, Class PA |
| 4130 | 3.000 | 02/20/40 | 4029 |
| GNMA REMIC Series 2012-13, Class EG | GNMA REMIC Series 2012-13, Class EG | GNMA REMIC Series 2012-13, Class EG | GNMA REMIC Series 2012-13, Class EG |
| 173963 | 2.000 | 10/20/40 | 168697 |
| GNMA REMIC Series 2013-188, Class LE | GNMA REMIC Series 2013-188, Class LE | GNMA REMIC Series 2013-188, Class LE | GNMA REMIC Series 2013-188, Class LE |
| 518597 | 2.500 | 11/16/43 | 470946 |

---

------

THE SHORT-TERM GOVERNMENT FUND

## Schedule of Investments (continued)
*January 31, 2023 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Mortgage-Backed Obligations – (continued)** | **Mortgage-Backed Obligations – (continued)** | **Mortgage-Backed Obligations – (continued)** | **Mortgage-Backed Obligations – (continued)** |
| **Collateralized Mortgage Obligations – (continued)** | **Collateralized Mortgage Obligations – (continued)** | **Collateralized Mortgage Obligations – (continued)** | **Collateralized Mortgage Obligations – (continued)** |
| GNMA REMIC Series 2014-131, Class DM | GNMA REMIC Series 2014-131, Class DM | GNMA REMIC Series 2014-131, Class DM | GNMA REMIC Series 2014-131, Class DM |
| $72184 | 3.000% | 02/20/44 | $69710 |
| GNMA REMIC Series 2015-65, Class BD | GNMA REMIC Series 2015-65, Class BD | GNMA REMIC Series 2015-65, Class BD | GNMA REMIC Series 2015-65, Class BD |
| 239272 | 2.250 | 05/20/45 | 217750 |
| GNMA REMIC Series 2015-94, Class AT | GNMA REMIC Series 2015-94, Class AT | GNMA REMIC Series 2015-94, Class AT | GNMA REMIC Series 2015-94, Class AT |
| 213348 | 2.250 | 07/16/45 | 193946 |
| GNMA REMIC Series 2019-11, Class MA | GNMA REMIC Series 2019-11, Class MA | GNMA REMIC Series 2019-11, Class MA | GNMA REMIC Series 2019-11, Class MA |
| 154338 | 3.000 | 01/20/47 | 148998 |
| GNMA REMIC Series 2019-21, Class MA | GNMA REMIC Series 2019-21, Class MA | GNMA REMIC Series 2019-21, Class MA | GNMA REMIC Series 2019-21, Class MA |
| 282009 | 3.500 | 09/20/47 | 270766 |
| GS Mortgage-Backed Securities Trust Series 2020-NQM1,<br>Class A1<sup>(a)(b)(c)</sup> | GS Mortgage-Backed Securities Trust Series 2020-NQM1,<br>Class A1<sup>(a)(b)(c)</sup> | GS Mortgage-Backed Securities Trust Series 2020-NQM1,<br>Class A1<sup>(a)(b)(c)</sup> | GS Mortgage-Backed Securities Trust Series 2020-NQM1,<br>Class A1<sup>(a)(b)(c)</sup> |
| 148555 | 1.382 | 09/27/60 | 136024 |
| 418026 | 1.017 | 07/25/61 | 359858 |
| GSR Mortgage Loan Trust Series 2005-AR3, Class 2A1<sup>(d)</sup><br> (1M USD LIBOR + 0.440%) | GSR Mortgage Loan Trust Series 2005-AR3, Class 2A1<sup>(d)</sup><br> (1M USD LIBOR + 0.440%) | GSR Mortgage Loan Trust Series 2005-AR3, Class 2A1<sup>(d)</sup><br> (1M USD LIBOR + 0.440%) | GSR Mortgage Loan Trust Series 2005-AR3, Class 2A1<sup>(d)</sup><br> (1M USD LIBOR + 0.440%) |
| 39438 | 4.946 | 05/25/35 | 31034 |
| GSR Mortgage Loan Trust Series 2006-AR1, Class 2A4<sup>(d)</sup> | GSR Mortgage Loan Trust Series 2006-AR1, Class 2A4<sup>(d)</sup> | GSR Mortgage Loan Trust Series 2006-AR1, Class 2A4<sup>(d)</sup> | GSR Mortgage Loan Trust Series 2006-AR1, Class 2A4<sup>(d)</sup> |
| 166479 | 3.896 <sup>(a)</sup> | 01/25/36 | 160465 |
| Homeward Opportunities Fund I Trust Series 2020-2, Class A1<sup>(b)</sup> | Homeward Opportunities Fund I Trust Series 2020-2, Class A1<sup>(b)</sup> | Homeward Opportunities Fund I Trust Series 2020-2, Class A1<sup>(b)</sup> | Homeward Opportunities Fund I Trust Series 2020-2, Class A1<sup>(b)</sup> |
| 6463 | 1.657 <sup>(a)(c)</sup> | 05/25/65 | 6424 |
| Impac CMB Trust Series 2003-2F, Class A<sup>(e)</sup> | Impac CMB Trust Series 2003-2F, Class A<sup>(e)</sup> | Impac CMB Trust Series 2003-2F, Class A<sup>(e)</sup> | Impac CMB Trust Series 2003-2F, Class A<sup>(e)</sup> |
| 54478 | 5.730 | 01/25/33 | 53537 |
| Impac CMB Trust Series 2003-8, Class 2A1<sup>(d)</sup><br> (1M USD LIBOR + 0.900%) | Impac CMB Trust Series 2003-8, Class 2A1<sup>(d)</sup><br> (1M USD LIBOR + 0.900%) | Impac CMB Trust Series 2003-8, Class 2A1<sup>(d)</sup><br> (1M USD LIBOR + 0.900%) | Impac CMB Trust Series 2003-8, Class 2A1<sup>(d)</sup><br> (1M USD LIBOR + 0.900%) |
| 2405 | 5.406 | 10/25/33 | 2368 |
| Impac CMB Trust Series 2004-7, Class 1A1<sup>(d)</sup><br> (1M USD LIBOR + 0.740%) | Impac CMB Trust Series 2004-7, Class 1A1<sup>(d)</sup><br> (1M USD LIBOR + 0.740%) | Impac CMB Trust Series 2004-7, Class 1A1<sup>(d)</sup><br> (1M USD LIBOR + 0.740%) | Impac CMB Trust Series 2004-7, Class 1A1<sup>(d)</sup><br> (1M USD LIBOR + 0.740%) |
| 19986 | 5.246 | 11/25/34 | 19484 |
| Impac CMB Trust Series 2005-2, Class 2A2<sup>(d)</sup><br> (1M USD LIBOR + 0.800%) | Impac CMB Trust Series 2005-2, Class 2A2<sup>(d)</sup><br> (1M USD LIBOR + 0.800%) | Impac CMB Trust Series 2005-2, Class 2A2<sup>(d)</sup><br> (1M USD LIBOR + 0.800%) | Impac CMB Trust Series 2005-2, Class 2A2<sup>(d)</sup><br> (1M USD LIBOR + 0.800%) |
| 27638 | 5.306 | 04/25/35 | 24012 |
| Impac Secured Assets Corp. Series 2006-1, Class 2A1<sup>(d)</sup><br> (1M USD LIBOR + 0.700%) | Impac Secured Assets Corp. Series 2006-1, Class 2A1<sup>(d)</sup><br> (1M USD LIBOR + 0.700%) | Impac Secured Assets Corp. Series 2006-1, Class 2A1<sup>(d)</sup><br> (1M USD LIBOR + 0.700%) | Impac Secured Assets Corp. Series 2006-1, Class 2A1<sup>(d)</sup><br> (1M USD LIBOR + 0.700%) |
| 82757 | 5.206 | 05/25/36 | 70298 |
| IndyMac Index Mortgage Loan Trust Series 2004-AR6,<br>Class 6A1<sup>(d)</sup> | IndyMac Index Mortgage Loan Trust Series 2004-AR6,<br>Class 6A1<sup>(d)</sup> | IndyMac Index Mortgage Loan Trust Series 2004-AR6,<br>Class 6A1<sup>(d)</sup> | IndyMac Index Mortgage Loan Trust Series 2004-AR6,<br>Class 6A1<sup>(d)</sup> |
| 27864 | 3.982 <sup>(a)</sup> | 10/25/34 | 25104 |
| JPMorgan Mortgage Trust Series 2016-4, Class A3<sup>(b)</sup> | JPMorgan Mortgage Trust Series 2016-4, Class A3<sup>(b)</sup> | JPMorgan Mortgage Trust Series 2016-4, Class A3<sup>(b)</sup> | JPMorgan Mortgage Trust Series 2016-4, Class A3<sup>(b)</sup> |
| 106607 | 3.500 <sup>(a)(c)</sup> | 10/25/46 | 97208 |
| Lehman XS Trust Series 2005-7N, Class 1A1A<sup>(d)</sup><br> (1M USD LIBOR + 0.540%) | Lehman XS Trust Series 2005-7N, Class 1A1A<sup>(d)</sup><br> (1M USD LIBOR + 0.540%) | Lehman XS Trust Series 2005-7N, Class 1A1A<sup>(d)</sup><br> (1M USD LIBOR + 0.540%) | Lehman XS Trust Series 2005-7N, Class 1A1A<sup>(d)</sup><br> (1M USD LIBOR + 0.540%) |
| 66212 | 5.046 | 12/25/35 | 58061 |
| Master Adjustable Rate Mortgages Trust Series 2004-13,<br>Class 2A1<sup>(d)</sup> | Master Adjustable Rate Mortgages Trust Series 2004-13,<br>Class 2A1<sup>(d)</sup> | Master Adjustable Rate Mortgages Trust Series 2004-13,<br>Class 2A1<sup>(d)</sup> | Master Adjustable Rate Mortgages Trust Series 2004-13,<br>Class 2A1<sup>(d)</sup> |
| 28227 | 4.064 <sup>(a)</sup> | 04/21/34 | 26675 |
| MFA Trust Series 2021-INV2, Class A1<sup>(b)(d)</sup> | MFA Trust Series 2021-INV2, Class A1<sup>(b)(d)</sup> | MFA Trust Series 2021-INV2, Class A1<sup>(b)(d)</sup> | MFA Trust Series 2021-INV2, Class A1<sup>(b)(d)</sup> |
| 888591 | 1.906 <sup>(a)(c)</sup> | 11/25/56 | 748013 |
| MFA Trust Series 2021-NQM1, Class A1<sup>(b)(d)</sup> | MFA Trust Series 2021-NQM1, Class A1<sup>(b)(d)</sup> | MFA Trust Series 2021-NQM1, Class A1<sup>(b)(d)</sup> | MFA Trust Series 2021-NQM1, Class A1<sup>(b)(d)</sup> |
| 243662 | 1.153 <sup>(a)(c)</sup> | 04/25/65 | 217522 |
| MFA Trust Series 2021-NQM2, Class A1<sup>(b)(d)</sup> | MFA Trust Series 2021-NQM2, Class A1<sup>(b)(d)</sup> | MFA Trust Series 2021-NQM2, Class A1<sup>(b)(d)</sup> | MFA Trust Series 2021-NQM2, Class A1<sup>(b)(d)</sup> |
| 268361 | 1.029 <sup>(a)(c)</sup> | 11/25/64 | 222998 |
| MortgageIT Trust Series 2005-1, Class 1A1<sup>(d)</sup><br> (1M USD LIBOR + 0.640%) | MortgageIT Trust Series 2005-1, Class 1A1<sup>(d)</sup><br> (1M USD LIBOR + 0.640%) | MortgageIT Trust Series 2005-1, Class 1A1<sup>(d)</sup><br> (1M USD LIBOR + 0.640%) | MortgageIT Trust Series 2005-1, Class 1A1<sup>(d)</sup><br> (1M USD LIBOR + 0.640%) |
| 153198 | 5.146 | 02/25/35 | 146960 |
| MortgageIT Trust Series 2005-1, Class 1A2<sup>(d)</sup><br> (1M USD LIBOR + 0.780%) | MortgageIT Trust Series 2005-1, Class 1A2<sup>(d)</sup><br> (1M USD LIBOR + 0.780%) | MortgageIT Trust Series 2005-1, Class 1A2<sup>(d)</sup><br> (1M USD LIBOR + 0.780%) | MortgageIT Trust Series 2005-1, Class 1A2<sup>(d)</sup><br> (1M USD LIBOR + 0.780%) |
| 131773 | 5.286 | 02/25/35 | 126757 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Mortgage-Backed Obligations – (continued)** | **Mortgage-Backed Obligations – (continued)** | **Mortgage-Backed Obligations – (continued)** | **Mortgage-Backed Obligations – (continued)** |
| **Collateralized Mortgage Obligations – (continued)** | **Collateralized Mortgage Obligations – (continued)** | **Collateralized Mortgage Obligations – (continued)** | **Collateralized Mortgage Obligations – (continued)** |
| New Residential Mortgage Loan Trust Series 2019-RPL3,<br>Class A1<sup>(b)</sup> | New Residential Mortgage Loan Trust Series 2019-RPL3,<br>Class A1<sup>(b)</sup> | New Residential Mortgage Loan Trust Series 2019-RPL3,<br>Class A1<sup>(b)</sup> | New Residential Mortgage Loan Trust Series 2019-RPL3,<br>Class A1<sup>(b)</sup> |
| $600110 | 2.750 %<sup>(a)(c)</sup> | 07/25/59 | $565567 |
| Residential Accredit Loans, Inc. Series 2004-QA4, Class NB21 | Residential Accredit Loans, Inc. Series 2004-QA4, Class NB21 | Residential Accredit Loans, Inc. Series 2004-QA4, Class NB21 | Residential Accredit Loans, Inc. Series 2004-QA4, Class NB21 |
| 10149 | 4.070 <sup>(a)</sup> | 09/25/34 | 9345 |
| Sequoia Mortgage Trust Series 2003-2, Class A1<sup>(d)</sup><br> (1M USD LIBOR + 0.660%) | Sequoia Mortgage Trust Series 2003-2, Class A1<sup>(d)</sup><br> (1M USD LIBOR + 0.660%) | Sequoia Mortgage Trust Series 2003-2, Class A1<sup>(d)</sup><br> (1M USD LIBOR + 0.660%) | Sequoia Mortgage Trust Series 2003-2, Class A1<sup>(d)</sup><br> (1M USD LIBOR + 0.660%) |
| 16958 | 5.146 | 06/20/33 | 16257 |
| Sequoia Mortgage Trust Series 2010, Class 1A<sup>(d)</sup><br> (1M USD LIBOR + 0.800%) | Sequoia Mortgage Trust Series 2010, Class 1A<sup>(d)</sup><br> (1M USD LIBOR + 0.800%) | Sequoia Mortgage Trust Series 2010, Class 1A<sup>(d)</sup><br> (1M USD LIBOR + 0.800%) | Sequoia Mortgage Trust Series 2010, Class 1A<sup>(d)</sup><br> (1M USD LIBOR + 0.800%) |
| 8566 | 5.286 | 10/20/27 | 8232 |
| Structured Asset Securities Corp. Series 2003-31A, Class 2A7 | Structured Asset Securities Corp. Series 2003-31A, Class 2A7 | Structured Asset Securities Corp. Series 2003-31A, Class 2A7 | Structured Asset Securities Corp. Series 2003-31A, Class 2A7 |
| 103910 | 4.243 <sup>(a)</sup> | 10/25/33 | 99966 |
| Towd Point Mortgage Trust Series 2017-2, Class A1<sup>(b)</sup> | Towd Point Mortgage Trust Series 2017-2, Class A1<sup>(b)</sup> | Towd Point Mortgage Trust Series 2017-2, Class A1<sup>(b)</sup> | Towd Point Mortgage Trust Series 2017-2, Class A1<sup>(b)</sup> |
| 97240 | 2.750 <sup>(a)(c)</sup> | 04/25/57 | 96073 |
| Vendee Mortgage Trust Series 1996-2, Class 1Z | Vendee Mortgage Trust Series 1996-2, Class 1Z | Vendee Mortgage Trust Series 1996-2, Class 1Z | Vendee Mortgage Trust Series 1996-2, Class 1Z |
| 18738 | 6.750 | 06/15/26 | 19096 |
| Verus Securitization Trust Series 2021-2, Class A1<sup>(b)</sup> | Verus Securitization Trust Series 2021-2, Class A1<sup>(b)</sup> | Verus Securitization Trust Series 2021-2, Class A1<sup>(b)</sup> | Verus Securitization Trust Series 2021-2, Class A1<sup>(b)</sup> |
| 346915 | 1.031 <sup>(a)(c)</sup> | 02/25/66 | 300642 |
| **TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS<br>(Cost $20,865,320)** | **TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS<br>(Cost $20,865,320)** | **TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS<br>(Cost $20,865,320)** | $19105042 |
| **Commercial Mortgage Obligations – 3.5%** | **Commercial Mortgage Obligations – 3.5%** | **Commercial Mortgage Obligations – 3.5%** | **Commercial Mortgage Obligations – 3.5%** |
| FHLMC Multifamily Structured Pass Through Certificates | FHLMC Multifamily Structured Pass Through Certificates | FHLMC Multifamily Structured Pass Through Certificates | FHLMC Multifamily Structured Pass Through Certificates |
| 399397 | 2.905 | 04/25/24 | 390564 |
| GNMA REMIC Series 2010-141, Class B | GNMA REMIC Series 2010-141, Class B | GNMA REMIC Series 2010-141, Class B | GNMA REMIC Series 2010-141, Class B |
| 139334 | 2.717 | 02/16/44 | 135099 |
| GNMA REMIC Series 2022-196, Class AB | GNMA REMIC Series 2022-196, Class AB | GNMA REMIC Series 2022-196, Class AB | GNMA REMIC Series 2022-196, Class AB |
| 448385 | 3.250 | 04/16/54 | 418229 |
| GNMA REMIC Series 2022-199, Class A | GNMA REMIC Series 2022-199, Class A | GNMA REMIC Series 2022-199, Class A | GNMA REMIC Series 2022-199, Class A |
| 623377 | 3.250 | 02/16/54 | 583863 |
| **TOTAL COMMERCIAL MORTGAGE OBLIGATIONS<br>(Cost $1,517,348)** | **TOTAL COMMERCIAL MORTGAGE OBLIGATIONS<br>(Cost $1,517,348)** | **TOTAL COMMERCIAL MORTGAGE OBLIGATIONS<br>(Cost $1,517,348)** | $1527755 |
| **Federal Agencies – 8.8%** | **Federal Agencies – 8.8%** | **Federal Agencies – 8.8%** | **Federal Agencies – 8.8%** |
| FHLMC | FHLMC | FHLMC | FHLMC |
| 390 | 6.000 | 10/01/23 | 401 |
| 8319 | 5.000 | 05/01/27 | 8427 |
| 105256 | 2.500 | 04/01/28 | 100913 |
| (12M USD LIBOR + 1.600%), | (12M USD LIBOR + 1.600%), | (12M USD LIBOR + 1.600%), | (12M USD LIBOR + 1.600%), |
| 157278 | 2.716 <sup>(d)</sup> | 07/01/45 | 151678 |
| (12M USD LIBOR + 1.599%), | (12M USD LIBOR + 1.599%), | (12M USD LIBOR + 1.599%), | (12M USD LIBOR + 1.599%), |
| 140523 | 2.898 <sup>(d)</sup> | 07/01/46 | 142527 |
| FNMA | FNMA | FNMA | FNMA |
| 248538 | 3.500 | 10/01/26 | 244648 |
| 120360 | 3.500 | 12/01/27 | 117897 |
| 162022 | 2.500 | 03/01/28 | 154281 |
| 362413 | 2.500 | 05/01/28 | 345085 |
| 180866 | 3.000 | 05/01/28 | 174252 |
| 232701 | 2.500 | 07/01/28 | 220595 |
| 207779 | 3.000 | 09/01/28 | 201170 |
| 137855 | 2.500 | 01/01/30 | 133254 |
| 178992 | 3.500 | 10/01/32 | 175353 |
| 273642 | 3.000 | 08/01/33 | 252191 |
| (12M USD LIBOR + 1.597%), | (12M USD LIBOR + 1.597%), | (12M USD LIBOR + 1.597%), | (12M USD LIBOR + 1.597%), |
| 47334 | 5.862 <sup>(d)</sup> | 12/01/45 | 48551 |

---

------

THE SHORT-TERM GOVERNMENT FUND

*January 31, 2023 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Mortgage-Backed Obligations – (continued)** | **Mortgage-Backed Obligations – (continued)** | **Mortgage-Backed Obligations – (continued)** | **Mortgage-Backed Obligations – (continued)** |
| **Federal Agencies – (continued)** | **Federal Agencies – (continued)** | **Federal Agencies – (continued)** | **Federal Agencies – (continued)** |
| GNMA, | GNMA, | GNMA, | GNMA, |
| (1 Year CMT + 1.500%) | (1 Year CMT + 1.500%) | (1 Year CMT + 1.500%) | (1 Year CMT + 1.500%) |
| $18 | 2.000 %<sup>(d)</sup> | 11/20/24 | $18 |
| 67 | 3.000 <sup>(d)</sup> | 12/20/24 | 66 |
| 1453 | 2.875 <sup>(d)</sup> | 04/20/26 | 1434 |
| 1128 | 2.625 <sup>(d)</sup> | 08/20/26 | 1102 |
| 2103 | 2.625 <sup>(d)</sup> | 01/20/28 | 2055 |
| UMBS | UMBS | UMBS | UMBS |
| 182046 | 3.000 | 11/01/26 | 176732 |
| 147645 | 3.000 | 12/01/26 | 143618 |
| 209605 | 2.000 | 01/01/31 | 195660 |
| 1940 | 7.000 | 11/01/31 | 1932 |
| 211155 | 5.000 | 02/01/32 | 215783 |
| 57377 | 6.000 | 07/01/33 | 58927 |
| 356794 | 3.500 | 07/01/34 | 350368 |
| 213864 | 3.500 | 08/01/35 | 209482 |
|  |  |  | 3828400 |
| **TOTAL MORTGAGE-BACKED OBLIGATIONS<br>(Cost $26,429,211)** | **TOTAL MORTGAGE-BACKED OBLIGATIONS<br>(Cost $26,429,211)** | **TOTAL MORTGAGE-BACKED OBLIGATIONS<br>(Cost $26,429,211)** | $24461197 |
| **U.S. Treasury Obligations – 29.1%** | **U.S. Treasury Obligations – 29.1%** | **U.S. Treasury Obligations – 29.1%** | **U.S. Treasury Obligations – 29.1%** |
| United States Treasury Bill<sup>(f)</sup> | United States Treasury Bill<sup>(f)</sup> | United States Treasury Bill<sup>(f)</sup> | United States Treasury Bill<sup>(f)</sup> |
| 425000 | 0.000% | 05/18/23 | 419348 |
| United States Treasury Inflation Indexed Notes | United States Treasury Inflation Indexed Notes | United States Treasury Inflation Indexed Notes | United States Treasury Inflation Indexed Notes |
| 1198590 | 0.625 | 04/15/23 | 1193838 |
| 1275960 | 0.625 | 01/15/24 | 1250889 |
| United States Treasury Notes | United States Treasury Notes | United States Treasury Notes | United States Treasury Notes |
| 750000 | 0.125 | 04/30/23 | 741663 |
| 700000 | 0.375 | 08/15/24 | 657508 |
| United States Treasury Notes | United States Treasury Notes | United States Treasury Notes | United States Treasury Notes |
| 700000 | 0.125 | 05/15/23 | 691086 |
| 1500000 | 0.125 | 07/15/23 | 1468887 |
| 450000 | 1.250 | 07/31/23 | 442195 |
| 550000 | 1.375 | 08/31/23 | 539537 |
| 1000000 | 1.625 | 10/31/23 | 976758 |
| 1000000 | 0.250 | 05/15/24 | 945391 |
| 1000000 | 1.500 | 11/30/24 | 950938 |
| 750000 | 2.125 | 11/30/24 | 721230 |
| 950000 | 1.000 | 12/15/24 | 894299 |
| 500000 | 1.125 | 02/28/25 | 469883 |
| 300000 | 1.250 | 11/30/26 | 273199 |
| **TOTAL U.S. TREASURY OBLIGATIONS<br>(Cost $13,003,880)** | **TOTAL U.S. TREASURY OBLIGATIONS<br>(Cost $13,003,880)** | **TOTAL U.S. TREASURY OBLIGATIONS<br>(Cost $13,003,880)** | $12636649 |
| **U.S. Government Agency Obligations – 12.1%** | **U.S. Government Agency Obligations – 12.1%** | **U.S. Government Agency Obligations – 12.1%** | **U.S. Government Agency Obligations – 12.1%** |
| FFCB<sup>(g)</sup> | FFCB<sup>(g)</sup> | FFCB<sup>(g)</sup> | FFCB<sup>(g)</sup> |
| 600000 | 2.920% | 05/16/24 | 586159 |
| FHLB | FHLB | FHLB | FHLB |
| 775000 | 0.500 | 04/14/25 | 716919 |
| FHLMC | FHLMC | FHLMC | FHLMC |
| 700000 | 2.350 <sup>(g)</sup> | 03/25/25 | 670790 |
| 1000000 | 0.375 | 07/21/25 | 912389 |
| 750000 | 5.250 <sup>(g)</sup> | 11/28/25 | 749781 |
| FNMA | FNMA | FNMA | FNMA |
| 1000000 | 0.625 | 04/22/25 | 924013 |
| 750000 | 0.500 | 06/17/25 | 688724 |
| **TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS<br>(Cost $5,579,962)** | **TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS<br>(Cost $5,579,962)** | **TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS<br>(Cost $5,579,962)** | $5248775 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Shares** | **Description** | **Distribution**<br> **Rate** | **Value** |
| **Investment Company – 1.4%** | **Investment Company – 1.4%** | **Investment Company – 1.4%** | **Investment Company – 1.4%** |
| $606960 | State Street<br>Institutional<br>US Government<br>Money Market<br>Fund – Premier<br>Class | 4.183% | $606960 |
| **Principal<br>Amount** | **Interest**<br> **Rate** | **Maturity**<br> **Date** | **Value** |
| **Asset-Backed Securities<sup>(d)</sup> – 1.0%** | **Asset-Backed Securities<sup>(d)</sup> – 1.0%** | **Asset-Backed Securities<sup>(d)</sup> – 1.0%** | **Asset-Backed Securities<sup>(d)</sup> – 1.0%** |
| **Home Equity – 0.8%** | **Home Equity – 0.8%** | **Home Equity – 0.8%** | **Home Equity – 0.8%** |
| Morgan Stanley Capital, Inc. Series 2002-HE3, Class A2<br> (1M USD LIBOR + 1.080%) | Morgan Stanley Capital, Inc. Series 2002-HE3, Class A2<br> (1M USD LIBOR + 1.080%) | Morgan Stanley Capital, Inc. Series 2002-HE3, Class A2<br> (1M USD LIBOR + 1.080%) | Morgan Stanley Capital, Inc. Series 2002-HE3, Class A2<br> (1M USD LIBOR + 1.080%) |
| 181384 | 5.586% | 03/25/33 | 179134 |
| Terwin Mortgage Trust Series 2004-7HE, Class A3<sup>(b)</sup><br> (1M USD LIBOR + 1.400%) | Terwin Mortgage Trust Series 2004-7HE, Class A3<sup>(b)</sup><br> (1M USD LIBOR + 1.400%) | Terwin Mortgage Trust Series 2004-7HE, Class A3<sup>(b)</sup><br> (1M USD LIBOR + 1.400%) | Terwin Mortgage Trust Series 2004-7HE, Class A3<sup>(b)</sup><br> (1M USD LIBOR + 1.400%) |
| 148622 | 5.906 <sup>(c)</sup> | 07/25/34 | 129721 |
| Terwin Mortgage Trust Series 2004-9HE, Class A1<sup>(b)</sup><br> (1M USD LIBOR + 0.800%) | Terwin Mortgage Trust Series 2004-9HE, Class A1<sup>(b)</sup><br> (1M USD LIBOR + 0.800%) | Terwin Mortgage Trust Series 2004-9HE, Class A1<sup>(b)</sup><br> (1M USD LIBOR + 0.800%) | Terwin Mortgage Trust Series 2004-9HE, Class A1<sup>(b)</sup><br> (1M USD LIBOR + 0.800%) |
| 40121 | 5.306 <sup>(c)</sup> | 09/25/34 | 37657 |
|  |  |  | 346512 |
| **Other – 0.2%** | **Other – 0.2%** | **Other – 0.2%** | **Other – 0.2%** |
| Countrywide Asset-Backed Certificates Series 2004-6, Class 2A4<br> (1M USD LIBOR + 0.900%) | Countrywide Asset-Backed Certificates Series 2004-6, Class 2A4<br> (1M USD LIBOR + 0.900%) | Countrywide Asset-Backed Certificates Series 2004-6, Class 2A4<br> (1M USD LIBOR + 0.900%) | Countrywide Asset-Backed Certificates Series 2004-6, Class 2A4<br> (1M USD LIBOR + 0.900%) |
| 111391 | 5.406 | 11/25/34 | 106238 |
| **TOTAL ASSET-BACKED SECURITIES<br>(Cost $436,122)** | **TOTAL ASSET-BACKED SECURITIES<br>(Cost $436,122)** | **TOTAL ASSET-BACKED SECURITIES<br>(Cost $436,122)** | $452750 |
| **TOTAL INVESTMENTS – 99.8%<br>(Cost $46,056,135)** | **TOTAL INVESTMENTS – 99.8%<br>(Cost $46,056,135)** | **TOTAL INVESTMENTS – 99.8%<br>(Cost $46,056,135)** | $43406331 |
| **OTHER ASSETS IN EXCESS OF**<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**LIABILITIES – 0.2%** | **OTHER ASSETS IN EXCESS OF**<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**LIABILITIES – 0.2%** | **OTHER ASSETS IN EXCESS OF**<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**LIABILITIES – 0.2%** | 66937 |
| **NET ASSETS – 100.0%** | **NET ASSETS – 100.0%** | **NET ASSETS – 100.0%** | $43473268 |

---

---

| | |
|:---|:---|
| The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets. | The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets. |
| (a) | Rate shown is that which is in effect on January 31, 2023. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. |
| (b) | 144A securities. Securities restricted for resale to Qualified Institutional Buyers. |
| (c) | Exempt from registration under Rule 144A of the Securities Act of 1933. Under procedures approved by the Board of Trustees, such securities have been determined to be liquid by the Investment Adviser and may be resold, normally to qualified institutional buyers in transactions exempt from registration. Total market value of Rule 144A securities amounted to $4,931,006, which represents approximately 11.3% of net assets as of January 31, 2023. |
| (d) | Variable rate security. The interest rate shown reflects the rate as of January 31, 2023. |
| (e) | Step-up Bond. Coupon rate increases in increments to maturity. Rate disclosed is as of January 31, 2023. Maturity date disclosed is the ultimate maturity. |
| (f) | Security issued with a zero coupon. The actual effective yield of this security is different than the stated coupon due to the accretion of discount. |
| (g) | Security with "Call" features with resetting interest rates. |

---

------

THE SHORT-TERM GOVERNMENT FUND

*January 31, 2023 (Unaudited)* 

---

| | |
|:---|:---|
| **Investment Abbreviations:** | **Investment Abbreviations:** |
| FFCB | — Federal Farm Credit Bank |
| FHLB | — Federal Home Loan Bank |
| FHLMC | — Federal Home Loan Mortgage Corp. |
| FNMA | — Federal National Mortgage Association |
| GNMA | — Government National Mortgage Association |
| LIBOR | — London Interbank Offered Rate |
| PAC | — Planned Amortization Class |
| REMIC | — Real Estate Mortgage Investment Conduit |

---

------

THE NATIONAL TAX-FREE INTERMEDIATE BOND FUND

## Schedule of Investments
*January 31, 2023 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Municipal Bond Obligations – 97.0%** | **Municipal Bond Obligations – 97.0%** | **Municipal Bond Obligations – 97.0%** | **Municipal Bond Obligations – 97.0%** |
| **Alabama – 1.6%** | **Alabama – 1.6%** | **Alabama – 1.6%** | **Alabama – 1.6%** |
| Millbrook AL GO Bonds (Refunding) Series 2019 (AA-/NR) | Millbrook AL GO Bonds (Refunding) Series 2019 (AA-/NR) | Millbrook AL GO Bonds (Refunding) Series 2019 (AA-/NR) | Millbrook AL GO Bonds (Refunding) Series 2019 (AA-/NR) |
| $1625000 | 5.000% | 09/01/25 | $1736238 |
| 1705000 | 5.000 | 09/01/26 | 1865902 |
| Special Care Facilities Financing Authority of the City of Pell City Alabama Revenue Bonds (Refunding - Noland Health Services Inc.) Series 2021 (A/NR)<sup>(a)</sup> | Special Care Facilities Financing Authority of the City of Pell City Alabama Revenue Bonds (Refunding - Noland Health Services Inc.) Series 2021 (A/NR)<sup>(a)</sup> | Special Care Facilities Financing Authority of the City of Pell City Alabama Revenue Bonds (Refunding - Noland Health Services Inc.) Series 2021 (A/NR)<sup>(a)</sup> | Special Care Facilities Financing Authority of the City of Pell City Alabama Revenue Bonds (Refunding - Noland Health Services Inc.) Series 2021 (A/NR)<sup>(a)</sup> |
| 2255000 | 5.000 | 12/01/31 | 2491994 |
|  |  |  | 6094134 |
| **Alaska – 0.9%** | **Alaska – 0.9%** | **Alaska – 0.9%** | **Alaska – 0.9%** |
| Alaska State Municipal Bond Bank Authority Revenue Bonds (Master Resolution) Series A (A+/NR) | Alaska State Municipal Bond Bank Authority Revenue Bonds (Master Resolution) Series A (A+/NR) | Alaska State Municipal Bond Bank Authority Revenue Bonds (Master Resolution) Series A (A+/NR) | Alaska State Municipal Bond Bank Authority Revenue Bonds (Master Resolution) Series A (A+/NR) |
| 1000000 | 4.000 | 10/01/24 | 1024203 |
| 1000000 | 5.000 | 10/01/25 | 1062853 |
| 1000000 | 5.000 <sup>(a)</sup> | 10/01/28 | 1105830 |
| Alaska State Municipal Bond Bank Authority Revenue Bonds Series B (AMT) (A+/NR)<sup>(a)</sup> | Alaska State Municipal Bond Bank Authority Revenue Bonds Series B (AMT) (A+/NR)<sup>(a)</sup> | Alaska State Municipal Bond Bank Authority Revenue Bonds Series B (AMT) (A+/NR)<sup>(a)</sup> | Alaska State Municipal Bond Bank Authority Revenue Bonds Series B (AMT) (A+/NR)<sup>(a)</sup> |
| 450000 | 5.000 | 03/01/27 | 468418 |
|  |  |  | 3661304 |
| **Arizona – 1.2%** | **Arizona – 1.2%** | **Arizona – 1.2%** | **Arizona – 1.2%** |
| Arizona Industrial Development Authority Revenue Bonds<br>Series 2020 (NR/Aa2) | Arizona Industrial Development Authority Revenue Bonds<br>Series 2020 (NR/Aa2) | Arizona Industrial Development Authority Revenue Bonds<br>Series 2020 (NR/Aa2) | Arizona Industrial Development Authority Revenue Bonds<br>Series 2020 (NR/Aa2) |
| 1000000 | 5.000 | 05/01/31 | 1197380 |
| Arizona Industrial Development Authority Revenue Bonds<br>Series 2022 (A/NR)<sup>(a)</sup> | Arizona Industrial Development Authority Revenue Bonds<br>Series 2022 (A/NR)<sup>(a)</sup> | Arizona Industrial Development Authority Revenue Bonds<br>Series 2022 (A/NR)<sup>(a)</sup> | Arizona Industrial Development Authority Revenue Bonds<br>Series 2022 (A/NR)<sup>(a)</sup> |
| 2285000 | 4.000 | 11/01/39 | 2233479 |
| Yuma AZ Municipal Property Corp. Excise Tax Revenue Bonds (Refunding-Senior Lien) Series 2015 (AA-/A1)<sup>(a)</sup> | Yuma AZ Municipal Property Corp. Excise Tax Revenue Bonds (Refunding-Senior Lien) Series 2015 (AA-/A1)<sup>(a)</sup> | Yuma AZ Municipal Property Corp. Excise Tax Revenue Bonds (Refunding-Senior Lien) Series 2015 (AA-/A1)<sup>(a)</sup> | Yuma AZ Municipal Property Corp. Excise Tax Revenue Bonds (Refunding-Senior Lien) Series 2015 (AA-/A1)<sup>(a)</sup> |
| 1050000 | 4.000 | 07/01/26 | 1092532 |
|  |  |  | 4523391 |
| **Arkansas – 1.7%** | **Arkansas – 1.7%** | **Arkansas – 1.7%** | **Arkansas – 1.7%** |
| Arkansas State Development Finance Authority State Agency Facilities Revenue Bonds (Department of Community Correction Project) Series 2018 (AA-/NR)<sup>(a)</sup> | Arkansas State Development Finance Authority State Agency Facilities Revenue Bonds (Department of Community Correction Project) Series 2018 (AA-/NR)<sup>(a)</sup> | Arkansas State Development Finance Authority State Agency Facilities Revenue Bonds (Department of Community Correction Project) Series 2018 (AA-/NR)<sup>(a)</sup> | Arkansas State Development Finance Authority State Agency Facilities Revenue Bonds (Department of Community Correction Project) Series 2018 (AA-/NR)<sup>(a)</sup> |
| 980000 | 4.000 | 11/01/31 | 1051419 |
| City of Benton AR Public Utilities Revenue Bonds (Taxable-Refunding) Series 2020 (NR/A1) | City of Benton AR Public Utilities Revenue Bonds (Taxable-Refunding) Series 2020 (NR/A1) | City of Benton AR Public Utilities Revenue Bonds (Taxable-Refunding) Series 2020 (NR/A1) | City of Benton AR Public Utilities Revenue Bonds (Taxable-Refunding) Series 2020 (NR/A1) |
| 375000 | 1.950 | 09/01/23 | 369329 |
| 500000 | 2.280 | 09/01/26 | 463359 |
| 250000 | 2.400 <sup>(a)</sup> | 09/01/27 | 228144 |
| City of Forrest City AR Sales & Use Tax Revenue Bonds<br>Series 2021 (A-/NR) | City of Forrest City AR Sales & Use Tax Revenue Bonds<br>Series 2021 (A-/NR) | City of Forrest City AR Sales & Use Tax Revenue Bonds<br>Series 2021 (A-/NR) | City of Forrest City AR Sales & Use Tax Revenue Bonds<br>Series 2021 (A-/NR) |
| 635000 | 3.000 | 11/01/28 | 640420 |
| 650000 | 3.000 | 11/01/29 | 655987 |
| 675000 | 3.000 <sup>(a)</sup> | 11/01/30 | 679818 |
| 690000 | 3.000 <sup>(a)</sup> | 11/01/31 | 694610 |
| Fort Smith AR Water & Sewer Revenue Bonds (Refunding) Series 2018 (A/NR)<sup>(a)</sup> | Fort Smith AR Water & Sewer Revenue Bonds (Refunding) Series 2018 (A/NR)<sup>(a)</sup> | Fort Smith AR Water & Sewer Revenue Bonds (Refunding) Series 2018 (A/NR)<sup>(a)</sup> | Fort Smith AR Water & Sewer Revenue Bonds (Refunding) Series 2018 (A/NR)<sup>(a)</sup> |
| 500000 | 5.000 | 10/01/31 | 558103 |
| National Park AR Community College District GO Bonds (Refunding) Series 2018 (A+/NR)<sup>(a)</sup> | National Park AR Community College District GO Bonds (Refunding) Series 2018 (A+/NR)<sup>(a)</sup> | National Park AR Community College District GO Bonds (Refunding) Series 2018 (A+/NR)<sup>(a)</sup> | National Park AR Community College District GO Bonds (Refunding) Series 2018 (A+/NR)<sup>(a)</sup> |
| 645000 | 4.000 | 03/01/30 | 672991 |
| 635000 | 4.000 | 03/01/32 | 661088 |
|  |  |  | 6675268 |
| **California – 0.4%** | **California – 0.4%** | **California – 0.4%** | **California – 0.4%** |
| Corona-Norca CA Unified School District GO Bonds Series E (AA-/Aa3) | Corona-Norca CA Unified School District GO Bonds Series E (AA-/Aa3) | Corona-Norca CA Unified School District GO Bonds Series E (AA-/Aa3) | Corona-Norca CA Unified School District GO Bonds Series E (AA-/Aa3) |
| 450000 | 5.400 | 08/01/26 | 499928 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** |
| **California – (continued)** | **California – (continued)** | **California – (continued)** | **California – (continued)** |
| Placentia-Yorba Linda Unified School District (Refunding)<br>Series A (AA-/Aa2)<sup>(a)</sup> | Placentia-Yorba Linda Unified School District (Refunding)<br>Series A (AA-/Aa2)<sup>(a)</sup> | Placentia-Yorba Linda Unified School District (Refunding)<br>Series A (AA-/Aa2)<sup>(a)</sup> | Placentia-Yorba Linda Unified School District (Refunding)<br>Series A (AA-/Aa2)<sup>(a)</sup> |
| $1345000 | 3.000% | 08/01/36 | $1274508 |
|  |  |  | 1774436 |
| **Colorado – 1.6%** | **Colorado – 1.6%** | **Colorado – 1.6%** | **Colorado – 1.6%** |
| Adams County CO Certificates of Participation Series 2021 (A/NR)<sup>(a)</sup> | Adams County CO Certificates of Participation Series 2021 (A/NR)<sup>(a)</sup> | Adams County CO Certificates of Participation Series 2021 (A/NR)<sup>(a)</sup> | Adams County CO Certificates of Participation Series 2021 (A/NR)<sup>(a)</sup> |
| 550000 | 4.000 | 12/01/36 | 574412 |
| City & County of Denver Airport System Revenue Bonds (Refunding) Series D (AA-/Aa3)<sup>(a)</sup> | City & County of Denver Airport System Revenue Bonds (Refunding) Series D (AA-/Aa3)<sup>(a)</sup> | City & County of Denver Airport System Revenue Bonds (Refunding) Series D (AA-/Aa3)<sup>(a)</sup> | City & County of Denver Airport System Revenue Bonds (Refunding) Series D (AA-/Aa3)<sup>(a)</sup> |
| 500000 | 5.750 | 11/15/41 | 586737 |
| Colorado State Board for Community Colleges & Occupational Educational System Revenue Bonds (Refunding-Arapahoe Community College - Castle Rock Collaboration Campus) Series A (NR/Aa3)<sup>(a)</sup> | Colorado State Board for Community Colleges & Occupational Educational System Revenue Bonds (Refunding-Arapahoe Community College - Castle Rock Collaboration Campus) Series A (NR/Aa3)<sup>(a)</sup> | Colorado State Board for Community Colleges & Occupational Educational System Revenue Bonds (Refunding-Arapahoe Community College - Castle Rock Collaboration Campus) Series A (NR/Aa3)<sup>(a)</sup> | Colorado State Board for Community Colleges & Occupational Educational System Revenue Bonds (Refunding-Arapahoe Community College - Castle Rock Collaboration Campus) Series A (NR/Aa3)<sup>(a)</sup> |
| 450000 | 4.000 | 11/01/31 | 479713 |
| 850000 | 4.000 | 11/01/32 | 903216 |
| Colorado State Health Facilities Authority Revenue Bonds Series A (A+/NR) | Colorado State Health Facilities Authority Revenue Bonds Series A (A+/NR) | Colorado State Health Facilities Authority Revenue Bonds Series A (A+/NR) | Colorado State Health Facilities Authority Revenue Bonds Series A (A+/NR) |
| 1000000 | 5.000 | 11/01/23 | 1018591 |
| Colorado State Housing & Finance Authority Revenue Bonds (Taxable) Series C-1 (GNMA) (AAA/Aaa) | Colorado State Housing & Finance Authority Revenue Bonds (Taxable) Series C-1 (GNMA) (AAA/Aaa) | Colorado State Housing & Finance Authority Revenue Bonds (Taxable) Series C-1 (GNMA) (AAA/Aaa) | Colorado State Housing & Finance Authority Revenue Bonds (Taxable) Series C-1 (GNMA) (AAA/Aaa) |
| 310000 | 2.025 | 05/01/24 | 298454 |
| 280000 | 2.075 | 11/01/24 | 266767 |
| 250000 | 2.125 | 05/01/25 | 236050 |
| 250000 | 2.175 | 11/01/25 | 234565 |
| Denver City & County School District No. 1 GO Bonds Series 2021 (AA+/Aa1)<sup>(a)</sup> | Denver City & County School District No. 1 GO Bonds Series 2021 (AA+/Aa1)<sup>(a)</sup> | Denver City & County School District No. 1 GO Bonds Series 2021 (AA+/Aa1)<sup>(a)</sup> | Denver City & County School District No. 1 GO Bonds Series 2021 (AA+/Aa1)<sup>(a)</sup> |
| 500000 | 3.000 | 12/01/36 | 474719 |
| South Suburban Park & Recreation District Certification of Participation Series 2021 (AA-/NR)<sup>(a)</sup> | South Suburban Park & Recreation District Certification of Participation Series 2021 (AA-/NR)<sup>(a)</sup> | South Suburban Park & Recreation District Certification of Participation Series 2021 (AA-/NR)<sup>(a)</sup> | South Suburban Park & Recreation District Certification of Participation Series 2021 (AA-/NR)<sup>(a)</sup> |
| 1175000 | 4.000 | 12/15/41 | 1176189 |
|  |  |  | 6249413 |
| **Connecticut – 1.7%** | **Connecticut – 1.7%** | **Connecticut – 1.7%** | **Connecticut – 1.7%** |
| Connecticut State Higher Education Supplement Loan Authority Revenue Bonds (Chesla Loan Program) Series A (AMT)<br>(NR/Aa3)<sup>(a)(b)</sup> | Connecticut State Higher Education Supplement Loan Authority Revenue Bonds (Chesla Loan Program) Series A (AMT)<br>(NR/Aa3)<sup>(a)(b)</sup> | Connecticut State Higher Education Supplement Loan Authority Revenue Bonds (Chesla Loan Program) Series A (AMT)<br>(NR/Aa3)<sup>(a)(b)</sup> | Connecticut State Higher Education Supplement Loan Authority Revenue Bonds (Chesla Loan Program) Series A (AMT)<br>(NR/Aa3)<sup>(a)(b)</sup> |
| 560000 | 3.250 | 05/15/24 | 564854 |
| 830000 | 3.750 | 05/15/24 | 842408 |
| Connecticut State Higher Education Supplement Loan Authority Revenue Bonds (Chesla Loan Program) Series B (AMT)<br>(NR/Aa3) | Connecticut State Higher Education Supplement Loan Authority Revenue Bonds (Chesla Loan Program) Series B (AMT)<br>(NR/Aa3) | Connecticut State Higher Education Supplement Loan Authority Revenue Bonds (Chesla Loan Program) Series B (AMT)<br>(NR/Aa3) | Connecticut State Higher Education Supplement Loan Authority Revenue Bonds (Chesla Loan Program) Series B (AMT)<br>(NR/Aa3) |
| 330000 | 5.000 | 11/15/27 | 356836 |
| 450000 | 5.000 | 11/15/28 | 492502 |
| 450000 | 5.000 | 11/15/29 | 497437 |
| 385000 | 5.000 | 11/15/30 | 429518 |
| Connecticut State Housing Finance Authority Housing Finance Mortgage Program Revenue Bonds (Taxable Refunding) Series A-4 (AAA/Aaa) | Connecticut State Housing Finance Authority Housing Finance Mortgage Program Revenue Bonds (Taxable Refunding) Series A-4 (AAA/Aaa) | Connecticut State Housing Finance Authority Housing Finance Mortgage Program Revenue Bonds (Taxable Refunding) Series A-4 (AAA/Aaa) | Connecticut State Housing Finance Authority Housing Finance Mortgage Program Revenue Bonds (Taxable Refunding) Series A-4 (AAA/Aaa) |
| 330000 | 1.860 | 11/15/24 | 313240 |
| 530000 | 1.900 | 05/15/25 | 497547 |
| 765000 | 1.950 | 11/15/25 | 713094 |
| 500000 | 2.090 | 05/15/26 | 463092 |
| State of Connecticut GO Bonds (Social) Series B (AA-/Aa3)<sup>(a)</sup> | State of Connecticut GO Bonds (Social) Series B (AA-/Aa3)<sup>(a)</sup> | State of Connecticut GO Bonds (Social) Series B (AA-/Aa3)<sup>(a)</sup> | State of Connecticut GO Bonds (Social) Series B (AA-/Aa3)<sup>(a)</sup> |
| 1555000 | 3.000 | 06/01/32 | 1565869 |
|  |  |  | 6736397 |

---

------

THE NATIONAL TAX-FREE INTERMEDIATE BOND FUND

## Schedule of Investments (continued)
*January 31, 2023 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** |
| **Florida – 2.0%** | **Florida – 2.0%** | **Florida – 2.0%** | **Florida – 2.0%** |
| County of Broward FL Port Facilities Revenue Bond (Refunding) Series A (A/A1) | County of Broward FL Port Facilities Revenue Bond (Refunding) Series A (A/A1) | County of Broward FL Port Facilities Revenue Bond (Refunding) Series A (A/A1) | County of Broward FL Port Facilities Revenue Bond (Refunding) Series A (A/A1) |
| $870000 | 5.000% | 09/01/24 | $904709 |
| County of Broward FL Port Facilities Revenue Bond Series A (A/A1) | County of Broward FL Port Facilities Revenue Bond Series A (A/A1) | County of Broward FL Port Facilities Revenue Bond Series A (A/A1) | County of Broward FL Port Facilities Revenue Bond Series A (A/A1) |
| 620000 | 5.000 | 09/01/28 | 709056 |
| Florida State Housing Finance Corp. Revenue Bonds Series 1 (GNMA/FNMA/FHLMC) (NR/Aaa) | Florida State Housing Finance Corp. Revenue Bonds Series 1 (GNMA/FNMA/FHLMC) (NR/Aaa) | Florida State Housing Finance Corp. Revenue Bonds Series 1 (GNMA/FNMA/FHLMC) (NR/Aaa) | Florida State Housing Finance Corp. Revenue Bonds Series 1 (GNMA/FNMA/FHLMC) (NR/Aaa) |
| 535000 | 2.000 | 07/01/27 | 513471 |
| 495000 | 2.050 | 01/01/28 | 463592 |
| 515000 | 2.100 | 07/01/28 | 482903 |
| 520000 | 2.125 <sup>(a)</sup> | 01/01/29 | 487884 |
| Lake County FL School Board Certificates of Participation (Refunding-Master Lease Program) Series A (A/NR)<sup>(a)</sup> | Lake County FL School Board Certificates of Participation (Refunding-Master Lease Program) Series A (A/NR)<sup>(a)</sup> | Lake County FL School Board Certificates of Participation (Refunding-Master Lease Program) Series A (A/NR)<sup>(a)</sup> | Lake County FL School Board Certificates of Participation (Refunding-Master Lease Program) Series A (A/NR)<sup>(a)</sup> |
| 725000 | 5.000 | 06/01/24 | 731541 |
| Orange County FL Tourist Development Tax Revenue Bonds (Refunding) Series 2010 (AA-/NR) | Orange County FL Tourist Development Tax Revenue Bonds (Refunding) Series 2010 (AA-/NR) | Orange County FL Tourist Development Tax Revenue Bonds (Refunding) Series 2010 (AA-/NR) | Orange County FL Tourist Development Tax Revenue Bonds (Refunding) Series 2010 (AA-/NR) |
| 2000000 | 5.000 | 10/01/23 | 2033028 |
| South Broward Hospital District Hospital Revenue Bonds Series 2022 (AA/Aa3)<sup>(a)</sup> | South Broward Hospital District Hospital Revenue Bonds Series 2022 (AA/Aa3)<sup>(a)</sup> | South Broward Hospital District Hospital Revenue Bonds Series 2022 (AA/Aa3)<sup>(a)</sup> | South Broward Hospital District Hospital Revenue Bonds Series 2022 (AA/Aa3)<sup>(a)</sup> |
| 1755000 | 3.000 | 05/01/37 | 1638907 |
|  |  |  | 7965091 |
| **Georgia – 1.0%** | **Georgia – 1.0%** | **Georgia – 1.0%** | **Georgia – 1.0%** |
| Cherokee County GA Water & Sewer Authority Revenue Bonds (Refunding & Improvement) Series 1993 (NPFG) (NR/Aa1) | Cherokee County GA Water & Sewer Authority Revenue Bonds (Refunding & Improvement) Series 1993 (NPFG) (NR/Aa1) | Cherokee County GA Water & Sewer Authority Revenue Bonds (Refunding & Improvement) Series 1993 (NPFG) (NR/Aa1) | Cherokee County GA Water & Sewer Authority Revenue Bonds (Refunding & Improvement) Series 1993 (NPFG) (NR/Aa1) |
| 5000 | 5.500 | 08/01/23 | 5077 |
| Fulton County GA Development Authority Revenue Bonds (Refunding-Robert W Woodruff Arts Center, Inc.) Series A (NR/A2) | Fulton County GA Development Authority Revenue Bonds (Refunding-Robert W Woodruff Arts Center, Inc.) Series A (NR/A2) | Fulton County GA Development Authority Revenue Bonds (Refunding-Robert W Woodruff Arts Center, Inc.) Series A (NR/A2) | Fulton County GA Development Authority Revenue Bonds (Refunding-Robert W Woodruff Arts Center, Inc.) Series A (NR/A2) |
| 1000000 | 5.000 | 03/15/26 | 1072991 |
| Milledgeville & Baldwin County Development Authority Revenue Bonds(Refunding) Series 2021 (A+/NR) | Milledgeville & Baldwin County Development Authority Revenue Bonds(Refunding) Series 2021 (A+/NR) | Milledgeville & Baldwin County Development Authority Revenue Bonds(Refunding) Series 2021 (A+/NR) | Milledgeville & Baldwin County Development Authority Revenue Bonds(Refunding) Series 2021 (A+/NR) |
| 500000 | 5.000 | 06/15/30 | 583601 |
| 500000 | 5.000 | 06/15/31 | 590462 |
| 600000 | 5.000 <sup>(a)</sup> | 06/15/32 | 704669 |
| 700000 | 5.000 <sup>(a)</sup> | 06/15/33 | 819417 |
|  |  |  | 3776217 |
| **Idaho<sup>(a)</sup> – 0.6%** | **Idaho<sup>(a)</sup> – 0.6%** | **Idaho<sup>(a)</sup> – 0.6%** | **Idaho<sup>(a)</sup> – 0.6%** |
| County of Nez Perce ID Certification of Participation Series 2022 (NR/Aa3) | County of Nez Perce ID Certification of Participation Series 2022 (NR/Aa3) | County of Nez Perce ID Certification of Participation Series 2022 (NR/Aa3) | County of Nez Perce ID Certification of Participation Series 2022 (NR/Aa3) |
| 1000000 | 5.500 | 03/01/37 | 1156226 |
| Idaho Housing & Finance Association (Refunding Garvee) Series A (NR/A2) | Idaho Housing & Finance Association (Refunding Garvee) Series A (NR/A2) | Idaho Housing & Finance Association (Refunding Garvee) Series A (NR/A2) | Idaho Housing & Finance Association (Refunding Garvee) Series A (NR/A2) |
| 500000 | 4.000 | 07/15/36 | 517179 |
| 750000 | 4.000 | 07/15/37 | 771713 |
|  |  |  | 2445118 |
| **Illinois – 13.5%** | **Illinois – 13.5%** | **Illinois – 13.5%** | **Illinois – 13.5%** |
| Champaign County IL Community Unit School District No. 4 GO Bonds (Refunding) Series 2019 (AA/Aa2) | Champaign County IL Community Unit School District No. 4 GO Bonds (Refunding) Series 2019 (AA/Aa2) | Champaign County IL Community Unit School District No. 4 GO Bonds (Refunding) Series 2019 (AA/Aa2) | Champaign County IL Community Unit School District No. 4 GO Bonds (Refunding) Series 2019 (AA/Aa2) |
| 630000 | 4.000 | 06/01/28 | 681170 |
| Cook County IL School District No. 63 East Maine GO Bonds (Refunding) Series 2019 (NR/Aa2)<sup>(a)</sup> | Cook County IL School District No. 63 East Maine GO Bonds (Refunding) Series 2019 (NR/Aa2)<sup>(a)</sup> | Cook County IL School District No. 63 East Maine GO Bonds (Refunding) Series 2019 (NR/Aa2)<sup>(a)</sup> | Cook County IL School District No. 63 East Maine GO Bonds (Refunding) Series 2019 (NR/Aa2)<sup>(a)</sup> |
| 1460000 | 4.000 | 12/01/34 | 1522469 |
| Cook County IL Township High School District No. 208 Riverside-Brookfield GO Bonds (Refunding) Series B (AA+/NR) | Cook County IL Township High School District No. 208 Riverside-Brookfield GO Bonds (Refunding) Series B (AA+/NR) | Cook County IL Township High School District No. 208 Riverside-Brookfield GO Bonds (Refunding) Series B (AA+/NR) | Cook County IL Township High School District No. 208 Riverside-Brookfield GO Bonds (Refunding) Series B (AA+/NR) |
| 1090000 | 5.000 | 12/15/25 | 1167861 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** |
| **Illinois – (continued)** | **Illinois – (continued)** | **Illinois – (continued)** | **Illinois – (continued)** |
| Countryside IL GO Bonds (Taxable-Refunding) Series 2014 (NR/Aa2) | Countryside IL GO Bonds (Taxable-Refunding) Series 2014 (NR/Aa2) | Countryside IL GO Bonds (Taxable-Refunding) Series 2014 (NR/Aa2) | Countryside IL GO Bonds (Taxable-Refunding) Series 2014 (NR/Aa2) |
| $500000 | 3.300% | 01/01/24 | $493499 |
| DuPage County School District No 62 Gower Series 2021 (NR/Aa2) | DuPage County School District No 62 Gower Series 2021 (NR/Aa2) | DuPage County School District No 62 Gower Series 2021 (NR/Aa2) | DuPage County School District No 62 Gower Series 2021 (NR/Aa2) |
| 500000 | 4.000 | 12/30/30 | 553895 |
| 1365000 | 3.000 <sup>(a)</sup> | 12/30/38 | 1232446 |
| Elk Grove Village GO Bonds Series 2017 (AA+/NR) | Elk Grove Village GO Bonds Series 2017 (AA+/NR) | Elk Grove Village GO Bonds Series 2017 (AA+/NR) | Elk Grove Village GO Bonds Series 2017 (AA+/NR) |
| 530000 | 3.000 | 01/01/24 | 531500 |
| 550000 | 3.000 | 01/01/25 | 554040 |
| 1140000 | 5.000 | 01/01/26 | 1222505 |
| 525000 | 5.000 <sup>(a)</sup> | 01/01/28 | 576239 |
| Governors State University Revenue Bonds (Refunding) Series 2021 (AA/NR)<sup>(a)</sup> | Governors State University Revenue Bonds (Refunding) Series 2021 (AA/NR)<sup>(a)</sup> | Governors State University Revenue Bonds (Refunding) Series 2021 (AA/NR)<sup>(a)</sup> | Governors State University Revenue Bonds (Refunding) Series 2021 (AA/NR)<sup>(a)</sup> |
| 805000 | 4.000 | 10/01/34 | 832109 |
| 855000 | 4.000 | 10/01/36 | 867193 |
| Illinois Finance Authority Revenue Bonds (Refunding-The Carle Foundation) Series 2022 (AA-/NR)<sup>(a)</sup> | Illinois Finance Authority Revenue Bonds (Refunding-The Carle Foundation) Series 2022 (AA-/NR)<sup>(a)</sup> | Illinois Finance Authority Revenue Bonds (Refunding-The Carle Foundation) Series 2022 (AA-/NR)<sup>(a)</sup> | Illinois Finance Authority Revenue Bonds (Refunding-The Carle Foundation) Series 2022 (AA-/NR)<sup>(a)</sup> |
| 750000 | 5.000 | 06/01/42 | 826831 |
| Illinois Finance Authority Revenue Bonds (Refunding-The Carle Foundation) Series A (AA-/NR)<sup>(a)</sup> | Illinois Finance Authority Revenue Bonds (Refunding-The Carle Foundation) Series A (AA-/NR)<sup>(a)</sup> | Illinois Finance Authority Revenue Bonds (Refunding-The Carle Foundation) Series A (AA-/NR)<sup>(a)</sup> | Illinois Finance Authority Revenue Bonds (Refunding-The Carle Foundation) Series A (AA-/NR)<sup>(a)</sup> |
| 1550000 | 4.000 | 08/15/37 | 1577227 |
| Illinois Finance Authority Revenue Bonds (Rush University Medical Center Obligated Group) Series A (A+/A1) | Illinois Finance Authority Revenue Bonds (Rush University Medical Center Obligated Group) Series A (A+/A1) | Illinois Finance Authority Revenue Bonds (Rush University Medical Center Obligated Group) Series A (A+/A1) | Illinois Finance Authority Revenue Bonds (Rush University Medical Center Obligated Group) Series A (A+/A1) |
| 500000 | 5.000 | 11/15/24 | 520491 |
| Kane County IL Forest Preservation District GO Bonds Series A (AA+/NR)<sup>(a)</sup> | Kane County IL Forest Preservation District GO Bonds Series A (AA+/NR)<sup>(a)</sup> | Kane County IL Forest Preservation District GO Bonds Series A (AA+/NR)<sup>(a)</sup> | Kane County IL Forest Preservation District GO Bonds Series A (AA+/NR)<sup>(a)</sup> |
| 1695000 | 3.000 | 12/15/26 | 1723636 |
| Kendall Kane & Will Counties Community Unit School District No 308 GO Bonds Series 2022 (AA/A2) | Kendall Kane & Will Counties Community Unit School District No 308 GO Bonds Series 2022 (AA/A2) | Kendall Kane & Will Counties Community Unit School District No 308 GO Bonds Series 2022 (AA/A2) | Kendall Kane & Will Counties Community Unit School District No 308 GO Bonds Series 2022 (AA/A2) |
| 800000 | 5.000 | 02/01/23 | 800000 |
| 1035000 | 5.000 | 02/01/24 | 1060230 |
| Kendall Kane & Will Counties IL Community Unit School District No. 308 GO Bonds (Refunding) Series 2016 (NR/A2) | Kendall Kane & Will Counties IL Community Unit School District No. 308 GO Bonds (Refunding) Series 2016 (NR/A2) | Kendall Kane & Will Counties IL Community Unit School District No. 308 GO Bonds (Refunding) Series 2016 (NR/A2) | Kendall Kane & Will Counties IL Community Unit School District No. 308 GO Bonds (Refunding) Series 2016 (NR/A2) |
| 1115000 | 5.000 | 02/01/24 | 1141625 |
| 1000000 | 5.000 | 02/01/25 | 1047884 |
| Lake County IL Community Consolidated School District No. 46 Grayslake GO Bonds (Refunding) Series 2015 (AA+/NR) | Lake County IL Community Consolidated School District No. 46 Grayslake GO Bonds (Refunding) Series 2015 (AA+/NR) | Lake County IL Community Consolidated School District No. 46 Grayslake GO Bonds (Refunding) Series 2015 (AA+/NR) | Lake County IL Community Consolidated School District No. 46 Grayslake GO Bonds (Refunding) Series 2015 (AA+/NR) |
| 1000000 | 5.000 | 11/01/23 | 1017767 |
| Lake County IL Community Consolidated School District No. 73 Hawthorn GO Bonds (Refunding) Series B (AA+/NR)<sup>(a)</sup> | Lake County IL Community Consolidated School District No. 73 Hawthorn GO Bonds (Refunding) Series B (AA+/NR)<sup>(a)</sup> | Lake County IL Community Consolidated School District No. 73 Hawthorn GO Bonds (Refunding) Series B (AA+/NR)<sup>(a)</sup> | Lake County IL Community Consolidated School District No. 73 Hawthorn GO Bonds (Refunding) Series B (AA+/NR)<sup>(a)</sup> |
| 2450000 | 4.000 | 01/01/33 | 2576855 |
| Mount Prospect IL GO Bonds (Refunding) Series A (AA+/NR)<sup>(a)</sup> | Mount Prospect IL GO Bonds (Refunding) Series A (AA+/NR)<sup>(a)</sup> | Mount Prospect IL GO Bonds (Refunding) Series A (AA+/NR)<sup>(a)</sup> | Mount Prospect IL GO Bonds (Refunding) Series A (AA+/NR)<sup>(a)</sup> |
| 1000000 | 3.000 | 12/01/28 | 1018276 |
| Peoria County Community Unit School District No 323 GO Bonds (Refunding) Series 2022 (NR/Aa2)<sup>(a)</sup> | Peoria County Community Unit School District No 323 GO Bonds (Refunding) Series 2022 (NR/Aa2)<sup>(a)</sup> | Peoria County Community Unit School District No 323 GO Bonds (Refunding) Series 2022 (NR/Aa2)<sup>(a)</sup> | Peoria County Community Unit School District No 323 GO Bonds (Refunding) Series 2022 (NR/Aa2)<sup>(a)</sup> |
| 780000 | 3.000 | 04/01/32 | 796064 |
| 815000 | 3.000 | 04/01/33 | 826365 |
| Peoria IL GO Bonds (Refunding) Series B (A+/A2) | Peoria IL GO Bonds (Refunding) Series B (A+/A2) | Peoria IL GO Bonds (Refunding) Series B (A+/A2) | Peoria IL GO Bonds (Refunding) Series B (A+/A2) |
| 1205000 | 5.000 | 01/01/24 | 1228036 |
| Rolling Meadows IL GO Bonds Series 2019 (AA+/NR)<sup>(a)</sup> | Rolling Meadows IL GO Bonds Series 2019 (AA+/NR)<sup>(a)</sup> | Rolling Meadows IL GO Bonds Series 2019 (AA+/NR)<sup>(a)</sup> | Rolling Meadows IL GO Bonds Series 2019 (AA+/NR)<sup>(a)</sup> |
| 495000 | 4.000 | 12/15/34 | 521643 |
| 515000 | 4.000 | 12/15/35 | 537945 |
| 535000 | 4.000 | 12/15/36 | 555925 |
| 555000 | 4.000 | 12/15/37 | 574704 |
| 580000 | 4.000 | 12/15/38 | 598782 |
| 600000 | 4.000 | 12/15/39 | 615832 |
| Round Lake IL GO Bonds (Refunding) Series 2019 (NR/Aa2) | Round Lake IL GO Bonds (Refunding) Series 2019 (NR/Aa2) | Round Lake IL GO Bonds (Refunding) Series 2019 (NR/Aa2) | Round Lake IL GO Bonds (Refunding) Series 2019 (NR/Aa2) |
| 815000 | 4.000 | 01/01/24 | 825128 |
| 765000 | 4.000 | 01/01/25 | 785819 |
| Saint Clair County IL High School District No. 203 O'Fallon GO Bonds (Refunding) Series 2017 (NR/Aa2) | Saint Clair County IL High School District No. 203 O'Fallon GO Bonds (Refunding) Series 2017 (NR/Aa2) | Saint Clair County IL High School District No. 203 O'Fallon GO Bonds (Refunding) Series 2017 (NR/Aa2) | Saint Clair County IL High School District No. 203 O'Fallon GO Bonds (Refunding) Series 2017 (NR/Aa2) |
| 845000 | 4.000 | 12/01/23 | 854525 |
| 685000 | 4.000 | 12/01/24 | 702755 |

---

------

THE NATIONAL TAX-FREE INTERMEDIATE BOND FUND

*January 31, 2023 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** |
| **Illinois – (continued)** | **Illinois – (continued)** | **Illinois – (continued)** | **Illinois – (continued)** |
| Saint Clair County IL High School District No. 203 O'Fallon GO Bonds (Refunding) Series 2017 (NR/Aa2) (continued) | Saint Clair County IL High School District No. 203 O'Fallon GO Bonds (Refunding) Series 2017 (NR/Aa2) (continued) | Saint Clair County IL High School District No. 203 O'Fallon GO Bonds (Refunding) Series 2017 (NR/Aa2) (continued) | Saint Clair County IL High School District No. 203 O'Fallon GO Bonds (Refunding) Series 2017 (NR/Aa2) (continued) |
| $735000 | 4.000% | 12/01/25 | $766512 |
| Stark Knox Marshall Henry & Peoria Counties Community Unit School Dist No 100 (Refunding) Series 2021 BAM (AA/A1)<sup>(a)</sup> | Stark Knox Marshall Henry & Peoria Counties Community Unit School Dist No 100 (Refunding) Series 2021 BAM (AA/A1)<sup>(a)</sup> | Stark Knox Marshall Henry & Peoria Counties Community Unit School Dist No 100 (Refunding) Series 2021 BAM (AA/A1)<sup>(a)</sup> | Stark Knox Marshall Henry & Peoria Counties Community Unit School Dist No 100 (Refunding) Series 2021 BAM (AA/A1)<sup>(a)</sup> |
| 860000 | 4.000 | 12/01/38 | 884059 |
| University of Illinois Auxiliary Facilities System Revenue Bonds (Refunding) Series A (AA-/Aa3)<sup>(a)</sup> | University of Illinois Auxiliary Facilities System Revenue Bonds (Refunding) Series A (AA-/Aa3)<sup>(a)</sup> | University of Illinois Auxiliary Facilities System Revenue Bonds (Refunding) Series A (AA-/Aa3)<sup>(a)</sup> | University of Illinois Auxiliary Facilities System Revenue Bonds (Refunding) Series A (AA-/Aa3)<sup>(a)</sup> |
| 2000000 | 4.000 | 04/01/33 | 2026467 |
| Village of Palos Park IL GO Bonds Series 2022 (NR/Aa2)<sup>(a)</sup> | Village of Palos Park IL GO Bonds Series 2022 (NR/Aa2)<sup>(a)</sup> | Village of Palos Park IL GO Bonds Series 2022 (NR/Aa2)<sup>(a)</sup> | Village of Palos Park IL GO Bonds Series 2022 (NR/Aa2)<sup>(a)</sup> |
| 540000 | 3.500 | 12/01/38 | 503664 |
| 595000 | 3.500 | 12/01/41 | 534306 |
| Westchester Village of IL GO Bonds Series 2021 (BAM) (AA/A2)<sup>(a)</sup> | Westchester Village of IL GO Bonds Series 2021 (BAM) (AA/A2)<sup>(a)</sup> | Westchester Village of IL GO Bonds Series 2021 (BAM) (AA/A2)<sup>(a)</sup> | Westchester Village of IL GO Bonds Series 2021 (BAM) (AA/A2)<sup>(a)</sup> |
| 1000000 | 4.000 | 12/01/34 | 1063849 |
| 1825000 | 4.000 | 12/01/38 | 1877165 |
| Whiteside & Lee Counties Community Unit School District No. 5 Sterling GO Bonds Series A (AA/A1)<sup>(a)</sup> | Whiteside & Lee Counties Community Unit School District No. 5 Sterling GO Bonds Series A (AA/A1)<sup>(a)</sup> | Whiteside & Lee Counties Community Unit School District No. 5 Sterling GO Bonds Series A (AA/A1)<sup>(a)</sup> | Whiteside & Lee Counties Community Unit School District No. 5 Sterling GO Bonds Series A (AA/A1)<sup>(a)</sup> |
| 690000 | 4.000 | 12/01/33 | 744316 |
| 660000 | 4.000 | 12/01/34 | 705512 |
| Will County IL Community Unit School District No. 365 Valley View GO Bonds (Prerefunded-Capital Appreciation) Series 2003 (AGM) (AA/Aa2)<sup>(c)</sup> | Will County IL Community Unit School District No. 365 Valley View GO Bonds (Prerefunded-Capital Appreciation) Series 2003 (AGM) (AA/Aa2)<sup>(c)</sup> | Will County IL Community Unit School District No. 365 Valley View GO Bonds (Prerefunded-Capital Appreciation) Series 2003 (AGM) (AA/Aa2)<sup>(c)</sup> | Will County IL Community Unit School District No. 365 Valley View GO Bonds (Prerefunded-Capital Appreciation) Series 2003 (AGM) (AA/Aa2)<sup>(c)</sup> |
| 4770000 | 0.000 | 11/01/23 | 4683698 |
| Winnebago County IL GO Bonds (Refunding) Series C (NR/Aa3) | Winnebago County IL GO Bonds (Refunding) Series C (NR/Aa3) | Winnebago County IL GO Bonds (Refunding) Series C (NR/Aa3) | Winnebago County IL GO Bonds (Refunding) Series C (NR/Aa3) |
| 765000 | 5.000 | 12/30/25 | 821870 |
| 905000 | 5.000 | 12/30/28 | 1033991 |
| 960000 | 5.000 | 12/30/29 | 1113570 |
| Woodford Lasalle Livingston Etc. Counties Community Unit School District GO Bonds Series A (AA/NR)<sup>(a)</sup> | Woodford Lasalle Livingston Etc. Counties Community Unit School District GO Bonds Series A (AA/NR)<sup>(a)</sup> | Woodford Lasalle Livingston Etc. Counties Community Unit School District GO Bonds Series A (AA/NR)<sup>(a)</sup> | Woodford Lasalle Livingston Etc. Counties Community Unit School District GO Bonds Series A (AA/NR)<sup>(a)</sup> |
| 650000 | 4.000 | 12/01/30 | 710932 |
| 700000 | 4.000 | 12/01/31 | 763260 |
| 700000 | 4.000 | 12/01/32 | 760272 |
| 725000 | 4.000 | 12/01/33 | 781133 |
|  |  |  | 52743847 |
| **Indiana – 9.5%** | **Indiana – 9.5%** | **Indiana – 9.5%** | **Indiana – 9.5%** |
| Carmel IN Local Public Improvement Bank Revenue Bonds Series B-1 (AA/NR)<sup>(a)</sup> | Carmel IN Local Public Improvement Bank Revenue Bonds Series B-1 (AA/NR)<sup>(a)</sup> | Carmel IN Local Public Improvement Bank Revenue Bonds Series B-1 (AA/NR)<sup>(a)</sup> | Carmel IN Local Public Improvement Bank Revenue Bonds Series B-1 (AA/NR)<sup>(a)</sup> |
| 1810000 | 4.000 | 01/15/34 | 1892069 |
| Carmel Redevelopment Authority Revenue Bonds Series 2022 (AA/NR)<sup>(a)</sup> | Carmel Redevelopment Authority Revenue Bonds Series 2022 (AA/NR)<sup>(a)</sup> | Carmel Redevelopment Authority Revenue Bonds Series 2022 (AA/NR)<sup>(a)</sup> | Carmel Redevelopment Authority Revenue Bonds Series 2022 (AA/NR)<sup>(a)</sup> |
| 5000000 | 3.000 | 07/15/40 | 4421378 |
| City of Bloomington IN Revenue Bonds Series 2022 (AA-/NR)<sup>(a)</sup> | City of Bloomington IN Revenue Bonds Series 2022 (AA-/NR)<sup>(a)</sup> | City of Bloomington IN Revenue Bonds Series 2022 (AA-/NR)<sup>(a)</sup> | City of Bloomington IN Revenue Bonds Series 2022 (AA-/NR)<sup>(a)</sup> |
| 1365000 | 4.000 | 07/01/34 | 1462024 |
| Eastern Pulaski IN Multi-School Building Corp. Revenue Bonds (First Mortgage) Series 2015 (AA+/NR)<sup>(a)</sup> | Eastern Pulaski IN Multi-School Building Corp. Revenue Bonds (First Mortgage) Series 2015 (AA+/NR)<sup>(a)</sup> | Eastern Pulaski IN Multi-School Building Corp. Revenue Bonds (First Mortgage) Series 2015 (AA+/NR)<sup>(a)</sup> | Eastern Pulaski IN Multi-School Building Corp. Revenue Bonds (First Mortgage) Series 2015 (AA+/NR)<sup>(a)</sup> |
| 840000 | 4.000 | 07/15/28 | 844768 |
| Fort Wayne Redevelopment Authority Revenue Bonds Riverfront Phase II Project Series 2022 (NR/Aa3)<sup>(a)</sup> | Fort Wayne Redevelopment Authority Revenue Bonds Riverfront Phase II Project Series 2022 (NR/Aa3)<sup>(a)</sup> | Fort Wayne Redevelopment Authority Revenue Bonds Riverfront Phase II Project Series 2022 (NR/Aa3)<sup>(a)</sup> | Fort Wayne Redevelopment Authority Revenue Bonds Riverfront Phase II Project Series 2022 (NR/Aa3)<sup>(a)</sup> |
| 1935000 | 4.000 | 12/15/36 | 2015616 |
| Greater Clark In Building Corp. Revenue bonds (1st Mortgage) Series 2018 (AA+/NR)<sup>(a)</sup> | Greater Clark In Building Corp. Revenue bonds (1st Mortgage) Series 2018 (AA+/NR)<sup>(a)</sup> | Greater Clark In Building Corp. Revenue bonds (1st Mortgage) Series 2018 (AA+/NR)<sup>(a)</sup> | Greater Clark In Building Corp. Revenue bonds (1st Mortgage) Series 2018 (AA+/NR)<sup>(a)</sup> |
| 1000000 | 4.000 | 07/15/32 | 1059032 |
| Griffith Redevelopment Authority Revenue Bonds(Refunding) Series A (A+/NR)<sup>(a)</sup> | Griffith Redevelopment Authority Revenue Bonds(Refunding) Series A (A+/NR)<sup>(a)</sup> | Griffith Redevelopment Authority Revenue Bonds(Refunding) Series A (A+/NR)<sup>(a)</sup> | Griffith Redevelopment Authority Revenue Bonds(Refunding) Series A (A+/NR)<sup>(a)</sup> |
| 585000 | 3.000 | 07/15/33 | 583776 |
| Griffith Redevelopment Authority Revenue Bonds(Refunding) Series B (A+/NR)<sup>(a)</sup> | Griffith Redevelopment Authority Revenue Bonds(Refunding) Series B (A+/NR)<sup>(a)</sup> | Griffith Redevelopment Authority Revenue Bonds(Refunding) Series B (A+/NR)<sup>(a)</sup> | Griffith Redevelopment Authority Revenue Bonds(Refunding) Series B (A+/NR)<sup>(a)</sup> |
| 565000 | 3.000 | 07/15/32 | 566026 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** |
| **Indiana – (continued)** | **Indiana – (continued)** | **Indiana – (continued)** | **Indiana – (continued)** |
| Griffith Redevelopment Authority Revenue Bonds(Refunding) Series B (A+/NR)<sup>(a)</sup> (continued) | Griffith Redevelopment Authority Revenue Bonds(Refunding) Series B (A+/NR)<sup>(a)</sup> (continued) | Griffith Redevelopment Authority Revenue Bonds(Refunding) Series B (A+/NR)<sup>(a)</sup> (continued) | Griffith Redevelopment Authority Revenue Bonds(Refunding) Series B (A+/NR)<sup>(a)</sup> (continued) |
| $585000 | 3.000% | 07/15/33 | $583776 |
| Indiana Finance Authority Revenue Bonds (Educational Facilities-Butler University Project) Series A (A-/NR)<sup>(a)</sup> | Indiana Finance Authority Revenue Bonds (Educational Facilities-Butler University Project) Series A (A-/NR)<sup>(a)</sup> | Indiana Finance Authority Revenue Bonds (Educational Facilities-Butler University Project) Series A (A-/NR)<sup>(a)</sup> | Indiana Finance Authority Revenue Bonds (Educational Facilities-Butler University Project) Series A (A-/NR)<sup>(a)</sup> |
| 540000 | 5.000 | 02/01/25 | 552320 |
| 425000 | 5.000 | 02/01/27 | 435085 |
| 700000 | 5.000 | 02/01/28 | 716694 |
| 600000 | 5.000 | 02/01/29 | 614266 |
| Indiana State Finance Authority Revenue Bond (Refunding-Educational Facilities-Indianapolis Museum of Art) Series B (NR/A2)<sup>(a)</sup> | Indiana State Finance Authority Revenue Bond (Refunding-Educational Facilities-Indianapolis Museum of Art) Series B (NR/A2)<sup>(a)</sup> | Indiana State Finance Authority Revenue Bond (Refunding-Educational Facilities-Indianapolis Museum of Art) Series B (NR/A2)<sup>(a)</sup> | Indiana State Finance Authority Revenue Bond (Refunding-Educational Facilities-Indianapolis Museum of Art) Series B (NR/A2)<sup>(a)</sup> |
| 815000 | 5.000 | 02/01/28 | 816267 |
| Indiana State Finance Authority Revenue Bond (Refunding-Marion Hospital, Inc. Obligated Group) Series 2021 (A/NR) | Indiana State Finance Authority Revenue Bond (Refunding-Marion Hospital, Inc. Obligated Group) Series 2021 (A/NR) | Indiana State Finance Authority Revenue Bond (Refunding-Marion Hospital, Inc. Obligated Group) Series 2021 (A/NR) | Indiana State Finance Authority Revenue Bond (Refunding-Marion Hospital, Inc. Obligated Group) Series 2021 (A/NR) |
| 830000 | 4.000 | 07/01/31 | 880326 |
| 700000 | 4.000 <sup>(a)</sup> | 07/01/32 | 739819 |
| 700000 | 4.000 <sup>(a)</sup> | 07/01/36 | 717550 |
| IPS Multi-School Building Corp. Revenue Bonds Series 2022 (AA+/NR)<sup>(a)</sup> | IPS Multi-School Building Corp. Revenue Bonds Series 2022 (AA+/NR)<sup>(a)</sup> | IPS Multi-School Building Corp. Revenue Bonds Series 2022 (AA+/NR)<sup>(a)</sup> | IPS Multi-School Building Corp. Revenue Bonds Series 2022 (AA+/NR)<sup>(a)</sup> |
| 1685000 | 5.500 | 07/15/40 | 1944406 |
| Jefferson County Jail Building Corp Revenue Bonds Series 2021 (BAM) (AA/NR)<sup>(a)</sup> | Jefferson County Jail Building Corp Revenue Bonds Series 2021 (BAM) (AA/NR)<sup>(a)</sup> | Jefferson County Jail Building Corp Revenue Bonds Series 2021 (BAM) (AA/NR)<sup>(a)</sup> | Jefferson County Jail Building Corp Revenue Bonds Series 2021 (BAM) (AA/NR)<sup>(a)</sup> |
| 1955000 | 4.000 | 07/15/33 | 2132251 |
| Lake Central Multi-District School Building Corp. Revenue Bonds (Refunding-First Mortgage) Series B (AA+/NR) | Lake Central Multi-District School Building Corp. Revenue Bonds (Refunding-First Mortgage) Series B (AA+/NR) | Lake Central Multi-District School Building Corp. Revenue Bonds (Refunding-First Mortgage) Series B (AA+/NR) | Lake Central Multi-District School Building Corp. Revenue Bonds (Refunding-First Mortgage) Series B (AA+/NR) |
| 1000000 | 5.000 | 07/15/24 | 1029091 |
| Martinsville Redevelopment Authority Series 2021 BAM<br>(AA/NR)<sup>(a)</sup> | Martinsville Redevelopment Authority Series 2021 BAM<br>(AA/NR)<sup>(a)</sup> | Martinsville Redevelopment Authority Series 2021 BAM<br>(AA/NR)<sup>(a)</sup> | Martinsville Redevelopment Authority Series 2021 BAM<br>(AA/NR)<sup>(a)</sup> |
| 565000 | 3.000 | 08/01/33 | 564011 |
| 400000 | 3.000 | 08/01/35 | 388450 |
| 700000 | 3.000 | 08/01/37 | 651123 |
| Noblesville Redevelopment Authority Revenue Bonds (Pleasant street Project) Series 2022 (AA/NR)<sup>(a)</sup> | Noblesville Redevelopment Authority Revenue Bonds (Pleasant street Project) Series 2022 (AA/NR)<sup>(a)</sup> | Noblesville Redevelopment Authority Revenue Bonds (Pleasant street Project) Series 2022 (AA/NR)<sup>(a)</sup> | Noblesville Redevelopment Authority Revenue Bonds (Pleasant street Project) Series 2022 (AA/NR)<sup>(a)</sup> |
| 1000000 | 4.750 | 07/15/45 | 1045578 |
| Plainfield IN High School Building Corp. Revenue Bonds (Refunding-First Mortgage) Series 2014 (AA+/NR)<sup>(a)</sup> | Plainfield IN High School Building Corp. Revenue Bonds (Refunding-First Mortgage) Series 2014 (AA+/NR)<sup>(a)</sup> | Plainfield IN High School Building Corp. Revenue Bonds (Refunding-First Mortgage) Series 2014 (AA+/NR)<sup>(a)</sup> | Plainfield IN High School Building Corp. Revenue Bonds (Refunding-First Mortgage) Series 2014 (AA+/NR)<sup>(a)</sup> |
| 1000000 | 4.000 | 01/15/26 | 1024470 |
| Shelbyville IN Redevelopment Authority Series 2021 (A+/NR)<sup>(a)</sup> | Shelbyville IN Redevelopment Authority Series 2021 (A+/NR)<sup>(a)</sup> | Shelbyville IN Redevelopment Authority Series 2021 (A+/NR)<sup>(a)</sup> | Shelbyville IN Redevelopment Authority Series 2021 (A+/NR)<sup>(a)</sup> |
| 885000 | 3.000 | 08/01/29 | 891038 |
| 910000 | 3.000 | 08/01/30 | 914534 |
| 940000 | 3.000 | 08/01/31 | 943498 |
| 485000 | 4.000 | 08/01/32 | 522536 |
| Vinton-Tecumseh IN School Building Corporation Revenue Bonds (First Mortgage) Series A (AA+/NR)<sup>(a)</sup> | Vinton-Tecumseh IN School Building Corporation Revenue Bonds (First Mortgage) Series A (AA+/NR)<sup>(a)</sup> | Vinton-Tecumseh IN School Building Corporation Revenue Bonds (First Mortgage) Series A (AA+/NR)<sup>(a)</sup> | Vinton-Tecumseh IN School Building Corporation Revenue Bonds (First Mortgage) Series A (AA+/NR)<sup>(a)</sup> |
| 500000 | 5.000 | 07/15/31 | 551608 |
| 500000 | 5.000 | 07/15/32 | 550938 |
| Westfield High School 1995 Building Corp. Revenue Bonds (1st Mortgage) Series B (AA+/NR)<sup>(a)</sup> | Westfield High School 1995 Building Corp. Revenue Bonds (1st Mortgage) Series B (AA+/NR)<sup>(a)</sup> | Westfield High School 1995 Building Corp. Revenue Bonds (1st Mortgage) Series B (AA+/NR)<sup>(a)</sup> | Westfield High School 1995 Building Corp. Revenue Bonds (1st Mortgage) Series B (AA+/NR)<sup>(a)</sup> |
| 1000000 | 5.000 | 01/15/31 | 1072571 |
| 750000 | 5.000 | 07/15/31 | 804206 |
| Whitestown Redevelopment Authority Revenue Bonds (Refunding) Series B (AA+/NR)<sup>(a)</sup> | Whitestown Redevelopment Authority Revenue Bonds (Refunding) Series B (AA+/NR)<sup>(a)</sup> | Whitestown Redevelopment Authority Revenue Bonds (Refunding) Series B (AA+/NR)<sup>(a)</sup> | Whitestown Redevelopment Authority Revenue Bonds (Refunding) Series B (AA+/NR)<sup>(a)</sup> |
| 1625000 | 3.000 | 08/01/33 | 1644848 |
| 1670000 | 3.000 | 08/01/34 | 1677579 |
|  |  |  | 37253528 |
| **Iowa – 0.4%** | **Iowa – 0.4%** | **Iowa – 0.4%** | **Iowa – 0.4%** |
| County of Woodbury IA GO Bonds Series 2021 (NR/Aa3) | County of Woodbury IA GO Bonds Series 2021 (NR/Aa3) | County of Woodbury IA GO Bonds Series 2021 (NR/Aa3) | County of Woodbury IA GO Bonds Series 2021 (NR/Aa3) |
| 620000 | 4.000 | 06/01/25 | 642862 |
| 525000 | 3.000 <sup>(a)</sup> | 06/01/31 | 532190 |

---

------

THE NATIONAL TAX-FREE INTERMEDIATE BOND FUND

*January 31, 2023 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** |
| **Iowa – (continued)** | **Iowa – (continued)** | **Iowa – (continued)** | **Iowa – (continued)** |
| County of Woodbury IA GO Bonds Series 2021 (NR/Aa3) (continued) | County of Woodbury IA GO Bonds Series 2021 (NR/Aa3) (continued) | County of Woodbury IA GO Bonds Series 2021 (NR/Aa3) (continued) | County of Woodbury IA GO Bonds Series 2021 (NR/Aa3) (continued) |
| $555000 | 3.000 %<sup>(a)</sup> | 06/01/32 | $558028 |
|  |  |  | 1733080 |
| **Kansas<sup>(a)</sup> – 0.7%** | **Kansas<sup>(a)</sup> – 0.7%** | **Kansas<sup>(a)</sup> – 0.7%** | **Kansas<sup>(a)</sup> – 0.7%** |
| Geary County KS Unified School District No. 475 GO Bonds Series A (NR/Aa3)<sup>(b)</sup> | Geary County KS Unified School District No. 475 GO Bonds Series A (NR/Aa3)<sup>(b)</sup> | Geary County KS Unified School District No. 475 GO Bonds Series A (NR/Aa3)<sup>(b)</sup> | Geary County KS Unified School District No. 475 GO Bonds Series A (NR/Aa3)<sup>(b)</sup> |
| 700000 | 4.000 | 09/01/25 | 731543 |
| Scott County KS Unified School District No. 466 GO Bonds Series A (NR/A2)<sup>(b)</sup> | Scott County KS Unified School District No. 466 GO Bonds Series A (NR/A2)<sup>(b)</sup> | Scott County KS Unified School District No. 466 GO Bonds Series A (NR/A2)<sup>(b)</sup> | Scott County KS Unified School District No. 466 GO Bonds Series A (NR/A2)<sup>(b)</sup> |
| 1015000 | 5.000 | 09/01/25 | 1084745 |
| Wichita KS Sales Tax Special Obligation Revenue Bonds (River District Stadium Star Bond Project) Series 2018 (NR/A1) | Wichita KS Sales Tax Special Obligation Revenue Bonds (River District Stadium Star Bond Project) Series 2018 (NR/A1) | Wichita KS Sales Tax Special Obligation Revenue Bonds (River District Stadium Star Bond Project) Series 2018 (NR/A1) | Wichita KS Sales Tax Special Obligation Revenue Bonds (River District Stadium Star Bond Project) Series 2018 (NR/A1) |
| 1000000 | 5.000 | 09/01/31 | 1123834 |
|  |  |  | 2940122 |
| **Kentucky – 4.1%** | **Kentucky – 4.1%** | **Kentucky – 4.1%** | **Kentucky – 4.1%** |
| Appalachian Regional Healthcare Obligated Group Revenue Bonds (Refunding) Series 2021 (A/NR) | Appalachian Regional Healthcare Obligated Group Revenue Bonds (Refunding) Series 2021 (A/NR) | Appalachian Regional Healthcare Obligated Group Revenue Bonds (Refunding) Series 2021 (A/NR) | Appalachian Regional Healthcare Obligated Group Revenue Bonds (Refunding) Series 2021 (A/NR) |
| 1695000 | 5.000 | 07/01/30 | 1903080 |
| 855000 | 5.000 | 07/01/31 | 971569 |
| 1275000 | 5.000 <sup>(a)</sup> | 07/01/32 | 1443843 |
| Barren County KY School District Finance Corp. Revenue Bonds (Refunding) Series 2015 (NR/A1)<sup>(a)</sup> | Barren County KY School District Finance Corp. Revenue Bonds (Refunding) Series 2015 (NR/A1)<sup>(a)</sup> | Barren County KY School District Finance Corp. Revenue Bonds (Refunding) Series 2015 (NR/A1)<sup>(a)</sup> | Barren County KY School District Finance Corp. Revenue Bonds (Refunding) Series 2015 (NR/A1)<sup>(a)</sup> |
| 1000000 | 5.000 | 08/01/26 | 1046688 |
| Eastern Kentucky University Revenue Bonds Series A (AA/A1)<sup>(a)</sup> | Eastern Kentucky University Revenue Bonds Series A (AA/A1)<sup>(a)</sup> | Eastern Kentucky University Revenue Bonds Series A (AA/A1)<sup>(a)</sup> | Eastern Kentucky University Revenue Bonds Series A (AA/A1)<sup>(a)</sup> |
| 1830000 | 4.000 | 04/01/40 | 1874567 |
| Kentucky State Property & Building Commission Revenue Bonds (Project No. 112) Series B (A-/A1)<sup>(a)</sup> | Kentucky State Property & Building Commission Revenue Bonds (Project No. 112) Series B (A-/A1)<sup>(a)</sup> | Kentucky State Property & Building Commission Revenue Bonds (Project No. 112) Series B (A-/A1)<sup>(a)</sup> | Kentucky State Property & Building Commission Revenue Bonds (Project No. 112) Series B (A-/A1)<sup>(a)</sup> |
| 400000 | 5.000 | 11/01/27 | 435111 |
| Kentucky State Property & Building Commission Revenue Bonds (Project No. 117) Series B (NR/A1) | Kentucky State Property & Building Commission Revenue Bonds (Project No. 117) Series B (NR/A1) | Kentucky State Property & Building Commission Revenue Bonds (Project No. 117) Series B (NR/A1) | Kentucky State Property & Building Commission Revenue Bonds (Project No. 117) Series B (NR/A1) |
| 1000000 | 5.000 | 05/01/26 | 1080792 |
| 750000 | 5.000 <sup>(a)</sup> | 05/01/28 | 824310 |
| 915000 | 5.000 <sup>(a)</sup> | 05/01/29 | 1005258 |
| Kentucky State Property & Building Commission Revenue Bonds (Project No. 117) Series D (NR/A1) | Kentucky State Property & Building Commission Revenue Bonds (Project No. 117) Series D (NR/A1) | Kentucky State Property & Building Commission Revenue Bonds (Project No. 117) Series D (NR/A1) | Kentucky State Property & Building Commission Revenue Bonds (Project No. 117) Series D (NR/A1) |
| 750000 | 5.000 | 05/01/27 | 824398 |
| Kentucky State Property & Building Commission Series 2018 (AA/A1) | Kentucky State Property & Building Commission Series 2018 (AA/A1) | Kentucky State Property & Building Commission Series 2018 (AA/A1) | Kentucky State Property & Building Commission Series 2018 (AA/A1) |
| 885000 | 5.000 | 04/01/28 | 997307 |
| Kentucky State Property & Building Commission Series A (AA/A1) | Kentucky State Property & Building Commission Series A (AA/A1) | Kentucky State Property & Building Commission Series A (AA/A1) | Kentucky State Property & Building Commission Series A (AA/A1) |
| 960000 | 5.000 | 02/01/26 | 1034593 |
| Oldham County KY School District Finance Corp. (Refunding) Series 2016 (NR/A1) | Oldham County KY School District Finance Corp. (Refunding) Series 2016 (NR/A1) | Oldham County KY School District Finance Corp. (Refunding) Series 2016 (NR/A1) | Oldham County KY School District Finance Corp. (Refunding) Series 2016 (NR/A1) |
| 610000 | 5.000 | 06/01/23 | 615002 |
| 690000 | 5.000 | 06/01/24 | 711663 |
| Owensboro KY GO Bonds Series A (NR/A1)<sup>(a)</sup> | Owensboro KY GO Bonds Series A (NR/A1)<sup>(a)</sup> | Owensboro KY GO Bonds Series A (NR/A1)<sup>(a)</sup> | Owensboro KY GO Bonds Series A (NR/A1)<sup>(a)</sup> |
| 1200000 | 5.000 | 05/01/25 | 1207423 |
|  |  |  | 15975604 |
| **Louisiana – 1.9%** | **Louisiana – 1.9%** | **Louisiana – 1.9%** | **Louisiana – 1.9%** |
| City of Lafayette LA Communications System Revenue Bonds (Refunding) Series A (AA/A2) | City of Lafayette LA Communications System Revenue Bonds (Refunding) Series A (AA/A2) | City of Lafayette LA Communications System Revenue Bonds (Refunding) Series A (AA/A2) | City of Lafayette LA Communications System Revenue Bonds (Refunding) Series A (AA/A2) |
| 830000 | 4.000 | 11/01/28 | 899015 |
| 860000 | 3.000 | 11/01/29 | 878660 |
| 890000 | 3.000 | 11/01/30 | 907725 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** |
| **Louisiana – (continued)** | **Louisiana – (continued)** | **Louisiana – (continued)** | **Louisiana – (continued)** |
| Iberia Parish LA Parish wide School District GO Bonds<br>Series 2017 (AA-/NR) | Iberia Parish LA Parish wide School District GO Bonds<br>Series 2017 (AA-/NR) | Iberia Parish LA Parish wide School District GO Bonds<br>Series 2017 (AA-/NR) | Iberia Parish LA Parish wide School District GO Bonds<br>Series 2017 (AA-/NR) |
| $510000 | 3.000% | 03/01/24 | $513062 |
| 530000 | 4.000 | 03/01/25 | 547065 |
| 550000 | 4.000 | 03/01/26 | 577492 |
| 570000 | 4.000 | 03/01/27 | 607280 |
| 450000 | 4.000 <sup>(a)</sup> | 03/01/28 | 477087 |
| Louisiana Public Facilities Authority Revenue Bonds (Refunding-Ochsner Clinic Foundation Project) Series 2015 (A/A3)<sup>(a)</sup> | Louisiana Public Facilities Authority Revenue Bonds (Refunding-Ochsner Clinic Foundation Project) Series 2015 (A/A3)<sup>(a)</sup> | Louisiana Public Facilities Authority Revenue Bonds (Refunding-Ochsner Clinic Foundation Project) Series 2015 (A/A3)<sup>(a)</sup> | Louisiana Public Facilities Authority Revenue Bonds (Refunding-Ochsner Clinic Foundation Project) Series 2015 (A/A3)<sup>(a)</sup> |
| 800000 | 5.000 | 05/15/30 | 837036 |
| St. Tammany LA Parish Wide School District No 12 GO Bonds (Refunding) Series 2017 (AA/NR)<sup>(a)</sup> | St. Tammany LA Parish Wide School District No 12 GO Bonds (Refunding) Series 2017 (AA/NR)<sup>(a)</sup> | St. Tammany LA Parish Wide School District No 12 GO Bonds (Refunding) Series 2017 (AA/NR)<sup>(a)</sup> | St. Tammany LA Parish Wide School District No 12 GO Bonds (Refunding) Series 2017 (AA/NR)<sup>(a)</sup> |
| 980000 | 4.000 | 03/01/28 | 1038989 |
|  |  |  | 7283411 |
| **Maine – 2.6%** | **Maine – 2.6%** | **Maine – 2.6%** | **Maine – 2.6%** |
| Maine Municipal Bond Bank Revenue Bonds Series A<br>(AA+/Aa2)<sup>(a)</sup> | Maine Municipal Bond Bank Revenue Bonds Series A<br>(AA+/Aa2)<sup>(a)</sup> | Maine Municipal Bond Bank Revenue Bonds Series A<br>(AA+/Aa2)<sup>(a)</sup> | Maine Municipal Bond Bank Revenue Bonds Series A<br>(AA+/Aa2)<sup>(a)</sup> |
| 1000000 | 3.000 | 11/01/37 | 937119 |
| Maine State Governmental Facilities Authority Revenue Bonds Series A (AA-/Aa3)<sup>(a)</sup> | Maine State Governmental Facilities Authority Revenue Bonds Series A (AA-/Aa3)<sup>(a)</sup> | Maine State Governmental Facilities Authority Revenue Bonds Series A (AA-/Aa3)<sup>(a)</sup> | Maine State Governmental Facilities Authority Revenue Bonds Series A (AA-/Aa3)<sup>(a)</sup> |
| 2485000 | 4.000 | 10/01/32 | 2671994 |
| Maine State Health & Higher Educational Facilities Authority Revenue Bonds Series A (NR/A1)<sup>(a)</sup> | Maine State Health & Higher Educational Facilities Authority Revenue Bonds Series A (NR/A1)<sup>(a)</sup> | Maine State Health & Higher Educational Facilities Authority Revenue Bonds Series A (NR/A1)<sup>(a)</sup> | Maine State Health & Higher Educational Facilities Authority Revenue Bonds Series A (NR/A1)<sup>(a)</sup> |
| 115000 | 5.000 | 07/01/24 | 115234 |
| Maine State Housing Authority Mortgage Purchase Revenue Bonds Series B (AA+/Aa1) | Maine State Housing Authority Mortgage Purchase Revenue Bonds Series B (AA+/Aa1) | Maine State Housing Authority Mortgage Purchase Revenue Bonds Series B (AA+/Aa1) | Maine State Housing Authority Mortgage Purchase Revenue Bonds Series B (AA+/Aa1) |
| 1300000 | 1.950 | 11/15/24 | 1278771 |
| 835000 | 2.050 | 11/15/25 | 818800 |
| 1000000 | 2.100 | 11/15/26 | 973660 |
| Maine State Housing Authority Mortgage Purchase Revenue Bonds Series E (AA+/Aa1)<sup>(a)</sup> | Maine State Housing Authority Mortgage Purchase Revenue Bonds Series E (AA+/Aa1)<sup>(a)</sup> | Maine State Housing Authority Mortgage Purchase Revenue Bonds Series E (AA+/Aa1)<sup>(a)</sup> | Maine State Housing Authority Mortgage Purchase Revenue Bonds Series E (AA+/Aa1)<sup>(a)</sup> |
| 840000 | 2.150 | 11/15/29 | 789248 |
| 870000 | 2.250 | 11/15/30 | 810392 |
| 905000 | 2.350 | 11/15/31 | 841768 |
| Portland ME Airport Revenue Bonds (Refunding-General)<br>Series 2016 (A-/Baa1) | Portland ME Airport Revenue Bonds (Refunding-General)<br>Series 2016 (A-/Baa1) | Portland ME Airport Revenue Bonds (Refunding-General)<br>Series 2016 (A-/Baa1) | Portland ME Airport Revenue Bonds (Refunding-General)<br>Series 2016 (A-/Baa1) |
| 470000 | 5.000 | 01/01/24 | 479199 |
| 215000 | 5.000 <sup>(a)</sup> | 01/01/34 | 225866 |
| 330000 | 5.000 <sup>(a)</sup> | 01/01/35 | 345468 |
|  |  |  | 10287519 |
| **Maryland<sup>(a)</sup> – 0.5%** | **Maryland<sup>(a)</sup> – 0.5%** | **Maryland<sup>(a)</sup> – 0.5%** | **Maryland<sup>(a)</sup> – 0.5%** |
| Maryland State Water Quality Financing Administration Bay Restoration Fund Revenue Bonds Series 2015 (AA/Aa3) | Maryland State Water Quality Financing Administration Bay Restoration Fund Revenue Bonds Series 2015 (AA/Aa3) | Maryland State Water Quality Financing Administration Bay Restoration Fund Revenue Bonds Series 2015 (AA/Aa3) | Maryland State Water Quality Financing Administration Bay Restoration Fund Revenue Bonds Series 2015 (AA/Aa3) |
| 2000000 | 2.800 | 03/01/26 | 2008445 |
| **Massachusetts – 0.4%** | **Massachusetts – 0.4%** | **Massachusetts – 0.4%** | **Massachusetts – 0.4%** |
| Massachusetts Housing Finance Agency Revenue Bonds Series 2021 (AA+/Aa1)<sup>(a)</sup> | Massachusetts Housing Finance Agency Revenue Bonds Series 2021 (AA+/Aa1)<sup>(a)</sup> | Massachusetts Housing Finance Agency Revenue Bonds Series 2021 (AA+/Aa1)<sup>(a)</sup> | Massachusetts Housing Finance Agency Revenue Bonds Series 2021 (AA+/Aa1)<sup>(a)</sup> |
| 960000 | 1.850 | 06/01/32 | 828596 |
| 710000 | 1.900 | 12/01/32 | 610307 |
| Massachusetts State Housing Finance Agency Revenue Bonds Series B (AMT) (AA+/Aa2) | Massachusetts State Housing Finance Agency Revenue Bonds Series B (AMT) (AA+/Aa2) | Massachusetts State Housing Finance Agency Revenue Bonds Series B (AMT) (AA+/Aa2) | Massachusetts State Housing Finance Agency Revenue Bonds Series B (AMT) (AA+/Aa2) |
| 110000 | 3.250 | 06/01/23 | 110056 |
|  |  |  | 1548959 |
| **Michigan – 5.5%** | **Michigan – 5.5%** | **Michigan – 5.5%** | **Michigan – 5.5%** |
| Comstock Park MI Public Schools GO Bonds (Refunding)<br>Series 2015 (Q-SBLF) (AA/NR) | Comstock Park MI Public Schools GO Bonds (Refunding)<br>Series 2015 (Q-SBLF) (AA/NR) | Comstock Park MI Public Schools GO Bonds (Refunding)<br>Series 2015 (Q-SBLF) (AA/NR) | Comstock Park MI Public Schools GO Bonds (Refunding)<br>Series 2015 (Q-SBLF) (AA/NR) |
| 730000 | 5.000 | 05/01/24 | 753353 |

---

------

THE NATIONAL TAX-FREE INTERMEDIATE BOND FUND

*January 31, 2023 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** |
| **Michigan – (continued)** | **Michigan – (continued)** | **Michigan – (continued)** | **Michigan – (continued)** |
| Grand Blanc Community Schools (Taxable-Refunding)<br>Series 2021 (Q-SBLF) (AA/NR) | Grand Blanc Community Schools (Taxable-Refunding)<br>Series 2021 (Q-SBLF) (AA/NR) | Grand Blanc Community Schools (Taxable-Refunding)<br>Series 2021 (Q-SBLF) (AA/NR) | Grand Blanc Community Schools (Taxable-Refunding)<br>Series 2021 (Q-SBLF) (AA/NR) |
| $500000 | 2.000% | 05/01/25 | $475279 |
| 1475000 | 2.000 | 11/01/25 | 1387523 |
| 500000 | 2.000 | 05/01/26 | 465460 |
| 1875000 | 2.000 | 11/01/26 | 1727092 |
| Grand Traverse County MI Hospital Finance Authority Revenue Bonds (Munson Healthcare Obligated Group) Series A (NR/A1)<sup>(a)</sup> | Grand Traverse County MI Hospital Finance Authority Revenue Bonds (Munson Healthcare Obligated Group) Series A (NR/A1)<sup>(a)</sup> | Grand Traverse County MI Hospital Finance Authority Revenue Bonds (Munson Healthcare Obligated Group) Series A (NR/A1)<sup>(a)</sup> | Grand Traverse County MI Hospital Finance Authority Revenue Bonds (Munson Healthcare Obligated Group) Series A (NR/A1)<sup>(a)</sup> |
| 445000 | 5.000 | 07/01/30 | 495479 |
| 495000 | 5.000 | 07/01/32 | 548229 |
| Grand Traverse County MI Hospital Finance Authority Revenue Bonds (Munson Healthcare Obligated Group) Series B (NR/A1)<sup>(a)</sup> | Grand Traverse County MI Hospital Finance Authority Revenue Bonds (Munson Healthcare Obligated Group) Series B (NR/A1)<sup>(a)</sup> | Grand Traverse County MI Hospital Finance Authority Revenue Bonds (Munson Healthcare Obligated Group) Series B (NR/A1)<sup>(a)</sup> | Grand Traverse County MI Hospital Finance Authority Revenue Bonds (Munson Healthcare Obligated Group) Series B (NR/A1)<sup>(a)</sup> |
| 380000 | 5.000 | 07/01/31 | 422870 |
| Hazel Park School District GO Bonds (Refunding) Series 2022 (AA/NR) | Hazel Park School District GO Bonds (Refunding) Series 2022 (AA/NR) | Hazel Park School District GO Bonds (Refunding) Series 2022 (AA/NR) | Hazel Park School District GO Bonds (Refunding) Series 2022 (AA/NR) |
| 925000 | 4.000 | 05/01/23 | 928163 |
| 1135000 | 4.000 | 05/01/24 | 1155201 |
| Ingham County Building Authority Revenue Bonds (Justice Complex Project) Series 2020 (AA/NR)<sup>(a)</sup> | Ingham County Building Authority Revenue Bonds (Justice Complex Project) Series 2020 (AA/NR)<sup>(a)</sup> | Ingham County Building Authority Revenue Bonds (Justice Complex Project) Series 2020 (AA/NR)<sup>(a)</sup> | Ingham County Building Authority Revenue Bonds (Justice Complex Project) Series 2020 (AA/NR)<sup>(a)</sup> |
| 1485000 | 2.000 | 05/01/31 | 1331209 |
| Jackson College MI GO Bonds (Refunding) Series 2016 (NR/Aa2) | Jackson College MI GO Bonds (Refunding) Series 2016 (NR/Aa2) | Jackson College MI GO Bonds (Refunding) Series 2016 (NR/Aa2) | Jackson College MI GO Bonds (Refunding) Series 2016 (NR/Aa2) |
| 940000 | 3.000 | 05/01/25 | 951266 |
| Jenison MI Public Schools GO Bonds (Refunding) Series 2017 (NR/Aa3) | Jenison MI Public Schools GO Bonds (Refunding) Series 2017 (NR/Aa3) | Jenison MI Public Schools GO Bonds (Refunding) Series 2017 (NR/Aa3) | Jenison MI Public Schools GO Bonds (Refunding) Series 2017 (NR/Aa3) |
| 1110000 | 4.000 | 05/01/23 | 1114377 |
| Kalamazoo MI Public Schools GO Bonds Series 2018 (NR/A1)<sup>(a)</sup> | Kalamazoo MI Public Schools GO Bonds Series 2018 (NR/A1)<sup>(a)</sup> | Kalamazoo MI Public Schools GO Bonds Series 2018 (NR/A1)<sup>(a)</sup> | Kalamazoo MI Public Schools GO Bonds Series 2018 (NR/A1)<sup>(a)</sup> |
| 2370000 | 4.000 | 05/01/31 | 2551120 |
| Mattawan MI Consolidated School District GO Bonds Series I (Q-SBLF) (AA/NR)<sup>(a)(b)</sup> | Mattawan MI Consolidated School District GO Bonds Series I (Q-SBLF) (AA/NR)<sup>(a)(b)</sup> | Mattawan MI Consolidated School District GO Bonds Series I (Q-SBLF) (AA/NR)<sup>(a)(b)</sup> | Mattawan MI Consolidated School District GO Bonds Series I (Q-SBLF) (AA/NR)<sup>(a)(b)</sup> |
| 750000 | 5.000 | 05/01/25 | 795175 |
| Michigan State Housing Development Authority Revenue Bonds (Taxable-Refunding) Series B (AA/NR) | Michigan State Housing Development Authority Revenue Bonds (Taxable-Refunding) Series B (AA/NR) | Michigan State Housing Development Authority Revenue Bonds (Taxable-Refunding) Series B (AA/NR) | Michigan State Housing Development Authority Revenue Bonds (Taxable-Refunding) Series B (AA/NR) |
| 500000 | 2.816 | 04/01/25 | 480799 |
| Michigan State Housing Development Authority Revenue Bonds Series A (AA/NR) | Michigan State Housing Development Authority Revenue Bonds Series A (AA/NR) | Michigan State Housing Development Authority Revenue Bonds Series A (AA/NR) | Michigan State Housing Development Authority Revenue Bonds Series A (AA/NR) |
| 400000 | 2.150 | 04/01/25 | 394111 |
| 470000 | 2.550 <sup>(a)</sup> | 04/01/28 | 460524 |
| 410000 | 2.600 <sup>(a)</sup> | 10/01/28 | 401985 |
| Northwest Community Schools GO Bonds (School Building & Site) Series 2013 (Q-SBLF) (AA/NR)<sup>(a)</sup> | Northwest Community Schools GO Bonds (School Building & Site) Series 2013 (Q-SBLF) (AA/NR)<sup>(a)</sup> | Northwest Community Schools GO Bonds (School Building & Site) Series 2013 (Q-SBLF) (AA/NR)<sup>(a)</sup> | Northwest Community Schools GO Bonds (School Building & Site) Series 2013 (Q-SBLF) (AA/NR)<sup>(a)</sup> |
| 1000000 | 4.000 | 05/01/24 | 1003719 |
| Portland MI Public Schools GO Bonds (Refunding) Series 2016 (Q-SBLF) (AA/NR)<sup>(a)</sup> | Portland MI Public Schools GO Bonds (Refunding) Series 2016 (Q-SBLF) (AA/NR)<sup>(a)</sup> | Portland MI Public Schools GO Bonds (Refunding) Series 2016 (Q-SBLF) (AA/NR)<sup>(a)</sup> | Portland MI Public Schools GO Bonds (Refunding) Series 2016 (Q-SBLF) (AA/NR)<sup>(a)</sup> |
| 1150000 | 4.000 | 05/01/27 | 1215186 |
| Saginaw Township MI Community School District (Refunding) Series 2015 (Q-SBLF) (NR/Aa1)<sup>(a)</sup> | Saginaw Township MI Community School District (Refunding) Series 2015 (Q-SBLF) (NR/Aa1)<sup>(a)</sup> | Saginaw Township MI Community School District (Refunding) Series 2015 (Q-SBLF) (NR/Aa1)<sup>(a)</sup> | Saginaw Township MI Community School District (Refunding) Series 2015 (Q-SBLF) (NR/Aa1)<sup>(a)</sup> |
| 750000 | 4.000 | 05/01/28 | 784873 |
| Washtenaw MI Community College GO Bonds (Refunding) Series 2015 (NR/Aa1) | Washtenaw MI Community College GO Bonds (Refunding) Series 2015 (NR/Aa1) | Washtenaw MI Community College GO Bonds (Refunding) Series 2015 (NR/Aa1) | Washtenaw MI Community College GO Bonds (Refunding) Series 2015 (NR/Aa1) |
| 645000 | 4.000 | 04/01/25 | 665162 |
| Zeeland Public Schools GO Bonds Series I (AA/NR)<sup>(a)</sup> | Zeeland Public Schools GO Bonds Series I (AA/NR)<sup>(a)</sup> | Zeeland Public Schools GO Bonds Series I (AA/NR)<sup>(a)</sup> | Zeeland Public Schools GO Bonds Series I (AA/NR)<sup>(a)</sup> |
| 1000000 | 3.000 | 05/01/33 | 1003033 |
|  |  |  | 21511188 |
| **Minnesota – 0.1%** | **Minnesota – 0.1%** | **Minnesota – 0.1%** | **Minnesota – 0.1%** |
| Minnesota State Housing & Finance Agency Revenue Bonds Series A (GNMA/FNMA/FHLMC) (AA+/Aa1) | Minnesota State Housing & Finance Agency Revenue Bonds Series A (GNMA/FNMA/FHLMC) (AA+/Aa1) | Minnesota State Housing & Finance Agency Revenue Bonds Series A (GNMA/FNMA/FHLMC) (AA+/Aa1) | Minnesota State Housing & Finance Agency Revenue Bonds Series A (GNMA/FNMA/FHLMC) (AA+/Aa1) |
| 230000 | 1.700 | 07/01/26 | 219680 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** |
| **Mississippi – 1.3%** | **Mississippi – 1.3%** | **Mississippi – 1.3%** | **Mississippi – 1.3%** |
| Mississippi State Development Bank Special Obligation Revenue Bonds (Hinds County Project) Series 2017 (NR/WR)<sup>(a)</sup> | Mississippi State Development Bank Special Obligation Revenue Bonds (Hinds County Project) Series 2017 (NR/WR)<sup>(a)</sup> | Mississippi State Development Bank Special Obligation Revenue Bonds (Hinds County Project) Series 2017 (NR/WR)<sup>(a)</sup> | Mississippi State Development Bank Special Obligation Revenue Bonds (Hinds County Project) Series 2017 (NR/WR)<sup>(a)</sup> |
| $300000 | 5.000% | 11/01/29 | $312909 |
| 400000 | 5.000 | 11/01/30 | 417068 |
| 500000 | 5.000 | 11/01/31 | 518761 |
| 400000 | 5.000 | 11/01/32 | 414387 |
| Mississippi State Gaming Tax Revenue Bonds Series 2015-E (A-/A3) | Mississippi State Gaming Tax Revenue Bonds Series 2015-E (A-/A3) | Mississippi State Gaming Tax Revenue Bonds Series 2015-E (A-/A3) | Mississippi State Gaming Tax Revenue Bonds Series 2015-E (A-/A3) |
| 1055000 | 5.000 | 10/15/25 | 1120964 |
| Mississippi State Home Corp. Revenue Bonds Series 2022 (NR/Aaa) | Mississippi State Home Corp. Revenue Bonds Series 2022 (NR/Aaa) | Mississippi State Home Corp. Revenue Bonds Series 2022 (NR/Aaa) | Mississippi State Home Corp. Revenue Bonds Series 2022 (NR/Aaa) |
| 720000 | 1.800 | 06/01/30 | 645756 |
| 690000 | 1.850 | 12/01/30 | 616866 |
| 1000000 | 1.950 <sup>(a)</sup> | 06/01/31 | 888068 |
|  |  |  | 4934779 |
| **Missouri – 1.6%** | **Missouri – 1.6%** | **Missouri – 1.6%** | **Missouri – 1.6%** |
| City of Missouri Development Finance Board Revenue Bonds (Refunding) Series 2021 (A-/NR) | City of Missouri Development Finance Board Revenue Bonds (Refunding) Series 2021 (A-/NR) | City of Missouri Development Finance Board Revenue Bonds (Refunding) Series 2021 (A-/NR) | City of Missouri Development Finance Board Revenue Bonds (Refunding) Series 2021 (A-/NR) |
| 850000 | 4.000 | 04/01/28 | 903355 |
| 1825000 | 4.000 | 04/01/29 | 1953907 |
| 810000 | 4.000 | 04/01/30 | 869722 |
| Jackson County MO Special Obligation Revenue Bonds (Harry S. Truman Sports Complex) Series 2014 (NR/Aa3)<sup>(a)</sup> | Jackson County MO Special Obligation Revenue Bonds (Harry S. Truman Sports Complex) Series 2014 (NR/Aa3)<sup>(a)</sup> | Jackson County MO Special Obligation Revenue Bonds (Harry S. Truman Sports Complex) Series 2014 (NR/Aa3)<sup>(a)</sup> | Jackson County MO Special Obligation Revenue Bonds (Harry S. Truman Sports Complex) Series 2014 (NR/Aa3)<sup>(a)</sup> |
| 2300000 | 5.000 | 12/01/26 | 2393768 |
|  |  |  | 6120752 |
| **Nebraska<sup>(a)</sup> – 0.5%** | **Nebraska<sup>(a)</sup> – 0.5%** | **Nebraska<sup>(a)</sup> – 0.5%** | **Nebraska<sup>(a)</sup> – 0.5%** |
| Citry of Omaha Public Facilities Corp.Revenue Bonds Series A (AA+/Aa2) | Citry of Omaha Public Facilities Corp.Revenue Bonds Series A (AA+/Aa2) | Citry of Omaha Public Facilities Corp.Revenue Bonds Series A (AA+/Aa2) | Citry of Omaha Public Facilities Corp.Revenue Bonds Series A (AA+/Aa2) |
| 860000 | 3.000 | 04/15/34 | 859750 |
| 1070000 | 3.000 | 04/15/35 | 1048902 |
| Sarpy County NE Hospital Authority No.1 Revenue Bonds (Refunding-Nebraska Medicine) Series 2016 (AA-/NR) | Sarpy County NE Hospital Authority No.1 Revenue Bonds (Refunding-Nebraska Medicine) Series 2016 (AA-/NR) | Sarpy County NE Hospital Authority No.1 Revenue Bonds (Refunding-Nebraska Medicine) Series 2016 (AA-/NR) | Sarpy County NE Hospital Authority No.1 Revenue Bonds (Refunding-Nebraska Medicine) Series 2016 (AA-/NR) |
| 35000 | 3.000 | 05/15/46 | 28405 |
|  |  |  | 1937057 |
| **New Jersey – 2.0%** | **New Jersey – 2.0%** | **New Jersey – 2.0%** | **New Jersey – 2.0%** |
| County of Union NJ GO Bonds Series 2016 (AA+/Aaa)<sup>(a)</sup> | County of Union NJ GO Bonds Series 2016 (AA+/Aaa)<sup>(a)</sup> | County of Union NJ GO Bonds Series 2016 (AA+/Aaa)<sup>(a)</sup> | County of Union NJ GO Bonds Series 2016 (AA+/Aaa)<sup>(a)</sup> |
| 600000 | 2.000 | 03/01/27 | 579759 |
| Middlesex County NJ Cops Certificates of Participation (Refunding) Series 2017 (AA+/NR) | Middlesex County NJ Cops Certificates of Participation (Refunding) Series 2017 (AA+/NR) | Middlesex County NJ Cops Certificates of Participation (Refunding) Series 2017 (AA+/NR) | Middlesex County NJ Cops Certificates of Participation (Refunding) Series 2017 (AA+/NR) |
| 705000 | 4.000 | 06/15/26 | 744438 |
| 500000 | 4.000 | 06/15/27 | 536210 |
| 500000 | 4.000 <sup>(a)</sup> | 06/15/28 | 536099 |
| 760000 | 4.000 <sup>(a)</sup> | 06/15/29 | 812844 |
| New Jersey Housing & Mortgage Finance Agency MF Conduit Revenue Bonds (Lexington Manor Apartments Project) Series B (NR/Aaa) | New Jersey Housing & Mortgage Finance Agency MF Conduit Revenue Bonds (Lexington Manor Apartments Project) Series B (NR/Aaa) | New Jersey Housing & Mortgage Finance Agency MF Conduit Revenue Bonds (Lexington Manor Apartments Project) Series B (NR/Aaa) | New Jersey Housing & Mortgage Finance Agency MF Conduit Revenue Bonds (Lexington Manor Apartments Project) Series B (NR/Aaa) |
| 415000 | 3.150 | 06/15/25 | 417999 |
| New Jersey State Transportation Trust Fund Authority Revenue Bonds (Capital Appreciation) Transportation System Series 2006 (AMBAC) (AA+/Aa1)<sup>(c)</sup> | New Jersey State Transportation Trust Fund Authority Revenue Bonds (Capital Appreciation) Transportation System Series 2006 (AMBAC) (AA+/Aa1)<sup>(c)</sup> | New Jersey State Transportation Trust Fund Authority Revenue Bonds (Capital Appreciation) Transportation System Series 2006 (AMBAC) (AA+/Aa1)<sup>(c)</sup> | New Jersey State Transportation Trust Fund Authority Revenue Bonds (Capital Appreciation) Transportation System Series 2006 (AMBAC) (AA+/Aa1)<sup>(c)</sup> |
| 1255000 | 0.000 | 12/15/26 | 1140546 |
| Township of Washington NJ/Gloucester County GO Bonds Series 2021 (NR/Aa2)<sup>(a)</sup> | Township of Washington NJ/Gloucester County GO Bonds Series 2021 (NR/Aa2)<sup>(a)</sup> | Township of Washington NJ/Gloucester County GO Bonds Series 2021 (NR/Aa2)<sup>(a)</sup> | Township of Washington NJ/Gloucester County GO Bonds Series 2021 (NR/Aa2)<sup>(a)</sup> |
| 1000000 | 2.000 | 05/15/33 | 862043 |
| Ventnor City NJ GO Bonds (Refunding) Series 2017 (AA/NR) | Ventnor City NJ GO Bonds (Refunding) Series 2017 (AA/NR) | Ventnor City NJ GO Bonds (Refunding) Series 2017 (AA/NR) | Ventnor City NJ GO Bonds (Refunding) Series 2017 (AA/NR) |
| 690000 | 4.000 | 12/01/26 | 734301 |
| 705000 | 4.000 | 12/01/27 | 760900 |

---

------

THE NATIONAL TAX-FREE INTERMEDIATE BOND FUND

*January 31, 2023 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** |
| **New Jersey – (continued)** | **New Jersey – (continued)** | **New Jersey – (continued)** | **New Jersey – (continued)** |
| Ventnor City NJ GO Bonds (Refunding) Series 2017 (AA/NR) (continued) | Ventnor City NJ GO Bonds (Refunding) Series 2017 (AA/NR) (continued) | Ventnor City NJ GO Bonds (Refunding) Series 2017 (AA/NR) (continued) | Ventnor City NJ GO Bonds (Refunding) Series 2017 (AA/NR) (continued) |
| $730000 | 4.000 %<sup>(a)</sup> | 12/01/28 | $786969 |
|  |  |  | 7912108 |
| **New Mexico – 1.3%** | **New Mexico – 1.3%** | **New Mexico – 1.3%** | **New Mexico – 1.3%** |
| Las Cruces NM Joint Utility Revenue Bonds (Subordinate Line System Improvement) Series 2018 (NR/Aa3)<sup>(a)</sup> | Las Cruces NM Joint Utility Revenue Bonds (Subordinate Line System Improvement) Series 2018 (NR/Aa3)<sup>(a)</sup> | Las Cruces NM Joint Utility Revenue Bonds (Subordinate Line System Improvement) Series 2018 (NR/Aa3)<sup>(a)</sup> | Las Cruces NM Joint Utility Revenue Bonds (Subordinate Line System Improvement) Series 2018 (NR/Aa3)<sup>(a)</sup> |
| 845000 | 4.000 | 06/01/29 | 888994 |
| 500000 | 4.000 | 06/01/30 | 524123 |
| 500000 | 4.000 | 06/01/33 | 519824 |
| New Mexico State Mortgage Finance Authority Revenue Bonds Series A (NR/Aaa) | New Mexico State Mortgage Finance Authority Revenue Bonds Series A (NR/Aaa) | New Mexico State Mortgage Finance Authority Revenue Bonds Series A (NR/Aaa) | New Mexico State Mortgage Finance Authority Revenue Bonds Series A (NR/Aaa) |
| 775000 | 1.900 | 03/01/31 | 688083 |
| 520000 | 2.050 <sup>(a)</sup> | 03/01/32 | 472073 |
| 585000 | 2.100 <sup>(a)</sup> | 09/01/32 | 530029 |
| University of New Mexico NM Revenue Bonds (Refunding & Improvement-Subordinate Lien) Series A (AA-/Aa3)<sup>(a)</sup> | University of New Mexico NM Revenue Bonds (Refunding & Improvement-Subordinate Lien) Series A (AA-/Aa3)<sup>(a)</sup> | University of New Mexico NM Revenue Bonds (Refunding & Improvement-Subordinate Lien) Series A (AA-/Aa3)<sup>(a)</sup> | University of New Mexico NM Revenue Bonds (Refunding & Improvement-Subordinate Lien) Series A (AA-/Aa3)<sup>(a)</sup> |
| 1685000 | 2.250 | 06/01/27 | 1614081 |
|  |  |  | 5237207 |
| **New York<sup>(a)</sup> – 1.9%** | **New York<sup>(a)</sup> – 1.9%** | **New York<sup>(a)</sup> – 1.9%** | **New York<sup>(a)</sup> – 1.9%** |
| Little Falls City School District GO Bonds (Refunding)<br>Series 2022 (AA/NR) | Little Falls City School District GO Bonds (Refunding)<br>Series 2022 (AA/NR) | Little Falls City School District GO Bonds (Refunding)<br>Series 2022 (AA/NR) | Little Falls City School District GO Bonds (Refunding)<br>Series 2022 (AA/NR) |
| 1305000 | 2.250 | 02/01/33 | 1206416 |
| Monroe Country NY Development Corp. Revenue Bonds (Refunding John Fisher College) Series A (A-/NR) | Monroe Country NY Development Corp. Revenue Bonds (Refunding John Fisher College) Series A (A-/NR) | Monroe Country NY Development Corp. Revenue Bonds (Refunding John Fisher College) Series A (A-/NR) | Monroe Country NY Development Corp. Revenue Bonds (Refunding John Fisher College) Series A (A-/NR) |
| 500000 | 5.000 | 06/01/29 | 513349 |
| New York State Dormitory Authority Revenue Bonds (Refunding) Series A (AA+/NR) | New York State Dormitory Authority Revenue Bonds (Refunding) Series A (AA+/NR) | New York State Dormitory Authority Revenue Bonds (Refunding) Series A (AA+/NR) | New York State Dormitory Authority Revenue Bonds (Refunding) Series A (AA+/NR) |
| 3180000 | 4.000 | 03/15/38 | 3249119 |
| Upper Mohawk Valley Memorial Auditorium Authority Revenue Bonds (Refunding) Series 2021 (A+/NR) | Upper Mohawk Valley Memorial Auditorium Authority Revenue Bonds (Refunding) Series 2021 (A+/NR) | Upper Mohawk Valley Memorial Auditorium Authority Revenue Bonds (Refunding) Series 2021 (A+/NR) | Upper Mohawk Valley Memorial Auditorium Authority Revenue Bonds (Refunding) Series 2021 (A+/NR) |
| 890000 | 2.700 | 12/01/32 | 745539 |
| 915000 | 2.850 | 12/01/33 | 764503 |
| 940000 | 3.000 | 12/01/34 | 784538 |
|  |  |  | 7263464 |
| **North Carolina – 0.6%** | **North Carolina – 0.6%** | **North Carolina – 0.6%** | **North Carolina – 0.6%** |
| County of Hoke NC Revenue Bonds(Refunding) Series 2021 (A+/Aa3)<sup>(a)</sup> | County of Hoke NC Revenue Bonds(Refunding) Series 2021 (A+/Aa3)<sup>(a)</sup> | County of Hoke NC Revenue Bonds(Refunding) Series 2021 (A+/Aa3)<sup>(a)</sup> | County of Hoke NC Revenue Bonds(Refunding) Series 2021 (A+/Aa3)<sup>(a)</sup> |
| 865000 | 3.000 | 06/01/35 | 841617 |
| North Carolina State Housing Finance Agency Homeownership Revenue Bonds Series 39-B (GNMA/FNMA/FHLMC) (AA+/Aa1)<sup>(a)</sup> | North Carolina State Housing Finance Agency Homeownership Revenue Bonds Series 39-B (GNMA/FNMA/FHLMC) (AA+/Aa1)<sup>(a)</sup> | North Carolina State Housing Finance Agency Homeownership Revenue Bonds Series 39-B (GNMA/FNMA/FHLMC) (AA+/Aa1)<sup>(a)</sup> | North Carolina State Housing Finance Agency Homeownership Revenue Bonds Series 39-B (GNMA/FNMA/FHLMC) (AA+/Aa1)<sup>(a)</sup> |
| 610000 | 3.200 | 01/01/29 | 614270 |
| Western Carolina University Revenue Bonds (Refunding-Limited Obligation-Student Housing) (A/NR) | Western Carolina University Revenue Bonds (Refunding-Limited Obligation-Student Housing) (A/NR) | Western Carolina University Revenue Bonds (Refunding-Limited Obligation-Student Housing) (A/NR) | Western Carolina University Revenue Bonds (Refunding-Limited Obligation-Student Housing) (A/NR) |
| 350000 | 4.000 | 06/01/23 | 351437 |
| 480000 | 4.000 <sup>(a)</sup> | 06/01/25 | 482199 |
|  |  |  | 2289523 |
| **Ohio – 6.6%** | **Ohio – 6.6%** | **Ohio – 6.6%** | **Ohio – 6.6%** |
| Akron OH Certificates of Participation (District Energy Project) Series 2018 (A/NR)<sup>(a)</sup> | Akron OH Certificates of Participation (District Energy Project) Series 2018 (A/NR)<sup>(a)</sup> | Akron OH Certificates of Participation (District Energy Project) Series 2018 (A/NR)<sup>(a)</sup> | Akron OH Certificates of Participation (District Energy Project) Series 2018 (A/NR)<sup>(a)</sup> |
| 885000 | 4.000 | 12/01/29 | 930050 |
| 960000 | 4.000 | 12/01/31 | 1004769 |
| Akron OH GO Bonds (Refunding) (A+/NR)<sup>(a)</sup> | Akron OH GO Bonds (Refunding) (A+/NR)<sup>(a)</sup> | Akron OH GO Bonds (Refunding) (A+/NR)<sup>(a)</sup> | Akron OH GO Bonds (Refunding) (A+/NR)<sup>(a)</sup> |
| 545000 | 5.000 | 12/01/26 | 568711 |
| City of Akron OH Income Tax Revenue Bonds (Refunding)<br>Series 2022 (AA-/NR)<sup>(a)</sup> | City of Akron OH Income Tax Revenue Bonds (Refunding)<br>Series 2022 (AA-/NR)<sup>(a)</sup> | City of Akron OH Income Tax Revenue Bonds (Refunding)<br>Series 2022 (AA-/NR)<sup>(a)</sup> | City of Akron OH Income Tax Revenue Bonds (Refunding)<br>Series 2022 (AA-/NR)<sup>(a)</sup> |
| 1000000 | 4.000 | 12/01/32 | 1086756 |
| 1000000 | 4.000 | 12/01/33 | 1080662 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** |
| **Ohio – (continued)** | **Ohio – (continued)** | **Ohio – (continued)** | **Ohio – (continued)** |
| City of Middletown OH GO Bonds (Refunding) Series 2017 (NR/Aa3) | City of Middletown OH GO Bonds (Refunding) Series 2017 (NR/Aa3) | City of Middletown OH GO Bonds (Refunding) Series 2017 (NR/Aa3) | City of Middletown OH GO Bonds (Refunding) Series 2017 (NR/Aa3) |
| $995000 | 4.000% | 12/01/25 | $1041818 |
| 935000 | 5.000 | 12/01/27 | 1050929 |
| City of Middletown OH GO Bonds (Refunding) Series 2017 (NR/NR) | City of Middletown OH GO Bonds (Refunding) Series 2017 (NR/NR) | City of Middletown OH GO Bonds (Refunding) Series 2017 (NR/NR) | City of Middletown OH GO Bonds (Refunding) Series 2017 (NR/NR) |
| 100000 | 4.000 | 12/01/25 | 104455 |
| 110000 | 5.000 | 12/01/27 | 123424 |
| Cuyahoga Metropolitan Housing Authority Revenue Bonds<br>Series 2021 (A+/NR)<sup>(a)</sup> | Cuyahoga Metropolitan Housing Authority Revenue Bonds<br>Series 2021 (A+/NR)<sup>(a)</sup> | Cuyahoga Metropolitan Housing Authority Revenue Bonds<br>Series 2021 (A+/NR)<sup>(a)</sup> | Cuyahoga Metropolitan Housing Authority Revenue Bonds<br>Series 2021 (A+/NR)<sup>(a)</sup> |
| 2500000 | 2.000 | 12/01/31 | 2284922 |
| Dayton City School District Certificates of Participation Series 2021 (NR/A3)<sup>(a)</sup> | Dayton City School District Certificates of Participation Series 2021 (NR/A3)<sup>(a)</sup> | Dayton City School District Certificates of Participation Series 2021 (NR/A3)<sup>(a)</sup> | Dayton City School District Certificates of Participation Series 2021 (NR/A3)<sup>(a)</sup> |
| 610000 | 4.000 | 12/01/30 | 664792 |
| 660000 | 3.000 | 12/01/32 | 660932 |
| 675000 | 3.000 | 12/01/33 | 674212 |
| Dayton-Montgomery County Port Authority Revenue Bonds<br>Series 2021 (A-/NR) | Dayton-Montgomery County Port Authority Revenue Bonds<br>Series 2021 (A-/NR) | Dayton-Montgomery County Port Authority Revenue Bonds<br>Series 2021 (A-/NR) | Dayton-Montgomery County Port Authority Revenue Bonds<br>Series 2021 (A-/NR) |
| 430000 | 2.000 | 11/15/31 | 378415 |
| Licking Heights OH Local School District GO Bonds (Refunding) Series C (NR/Aa2) | Licking Heights OH Local School District GO Bonds (Refunding) Series C (NR/Aa2) | Licking Heights OH Local School District GO Bonds (Refunding) Series C (NR/Aa2) | Licking Heights OH Local School District GO Bonds (Refunding) Series C (NR/Aa2) |
| 765000 | 5.000 | 10/01/27 | 850940 |
| Mahoning County OH Career & Technical Center Board of Education Certificates of Participation (Refunding) Series 2017 (AA-/NR)<sup>(a)</sup> | Mahoning County OH Career & Technical Center Board of Education Certificates of Participation (Refunding) Series 2017 (AA-/NR)<sup>(a)</sup> | Mahoning County OH Career & Technical Center Board of Education Certificates of Participation (Refunding) Series 2017 (AA-/NR)<sup>(a)</sup> | Mahoning County OH Career & Technical Center Board of Education Certificates of Participation (Refunding) Series 2017 (AA-/NR)<sup>(a)</sup> |
| 630000 | 4.000 | 12/01/26 | 648035 |
| 500000 | 4.000 | 12/01/29 | 513817 |
| Maumee City School District GO Bonds (Refunding) Series B (AA-/NR) | Maumee City School District GO Bonds (Refunding) Series B (AA-/NR) | Maumee City School District GO Bonds (Refunding) Series B (AA-/NR) | Maumee City School District GO Bonds (Refunding) Series B (AA-/NR) |
| 1295000 | 3.000 | 12/01/30 | 1317358 |
| 1155000 | 4.000 | 12/01/31 | 1284516 |
| Miami Valley Career Technology Center OH GO Bonds<br>Series 2018 (NR/Aa3)<sup>(a)</sup> | Miami Valley Career Technology Center OH GO Bonds<br>Series 2018 (NR/Aa3)<sup>(a)</sup> | Miami Valley Career Technology Center OH GO Bonds<br>Series 2018 (NR/Aa3)<sup>(a)</sup> | Miami Valley Career Technology Center OH GO Bonds<br>Series 2018 (NR/Aa3)<sup>(a)</sup> |
| 725000 | 4.000 | 12/01/34 | 768023 |
| 2245000 | 4.000 | 12/01/36 | 2345568 |
| 2170000 | 4.000 | 12/01/37 | 2262419 |
| Ohio State Hospital Refunding Revenue Bonds (Cleveland Clinic Health System Obligated Group) Series A (AA/Aa2) | Ohio State Hospital Refunding Revenue Bonds (Cleveland Clinic Health System Obligated Group) Series A (AA/Aa2) | Ohio State Hospital Refunding Revenue Bonds (Cleveland Clinic Health System Obligated Group) Series A (AA/Aa2) | Ohio State Hospital Refunding Revenue Bonds (Cleveland Clinic Health System Obligated Group) Series A (AA/Aa2) |
| 1000000 | 5.000 | 01/01/24 | 1022401 |
| Toledo-Lucas County Port Authority Revenue Bonds Series 2021 (A-/NR) | Toledo-Lucas County Port Authority Revenue Bonds Series 2021 (A-/NR) | Toledo-Lucas County Port Authority Revenue Bonds Series 2021 (A-/NR) | Toledo-Lucas County Port Authority Revenue Bonds Series 2021 (A-/NR) |
| 430000 | 2.000 | 11/15/31 | 382520 |
| Triway Local School District COPS Certificates of Participation Series 2021 BAM (AA/NR)<sup>(a)</sup> | Triway Local School District COPS Certificates of Participation Series 2021 BAM (AA/NR)<sup>(a)</sup> | Triway Local School District COPS Certificates of Participation Series 2021 BAM (AA/NR)<sup>(a)</sup> | Triway Local School District COPS Certificates of Participation Series 2021 BAM (AA/NR)<sup>(a)</sup> |
| 1000000 | 4.000 | 12/01/30 | 1073119 |
| 1060000 | 4.000 | 12/01/31 | 1132694 |
| University of Toledo OH Revenue Bonds (Refunding-General Receipt) Series A (A/A2)<sup>(a)</sup> | University of Toledo OH Revenue Bonds (Refunding-General Receipt) Series A (A/A2)<sup>(a)</sup> | University of Toledo OH Revenue Bonds (Refunding-General Receipt) Series A (A/A2)<sup>(a)</sup> | University of Toledo OH Revenue Bonds (Refunding-General Receipt) Series A (A/A2)<sup>(a)</sup> |
| 700000 | 4.000 | 06/01/36 | 706532 |
|  |  |  | 25962789 |
| **Oklahoma – 2.1%** | **Oklahoma – 2.1%** | **Oklahoma – 2.1%** | **Oklahoma – 2.1%** |
| Bryan County School Finance Authority (A/NR) | Bryan County School Finance Authority (A/NR) | Bryan County School Finance Authority (A/NR) | Bryan County School Finance Authority (A/NR) |
| 895000 | 4.000 | 09/01/24 | 914908 |
| Leflore County OK Public Facility Authority Educational Facility Lease Revenue Bonds (Poteau Public School Project) Series 2019 (A-/NR) | Leflore County OK Public Facility Authority Educational Facility Lease Revenue Bonds (Poteau Public School Project) Series 2019 (A-/NR) | Leflore County OK Public Facility Authority Educational Facility Lease Revenue Bonds (Poteau Public School Project) Series 2019 (A-/NR) | Leflore County OK Public Facility Authority Educational Facility Lease Revenue Bonds (Poteau Public School Project) Series 2019 (A-/NR) |
| 1350000 | 4.000 | 12/01/28 | 1446093 |
| 1770000 | 4.000 <sup>(a)</sup> | 12/01/30 | 1896963 |
| McClain County Economic Development Authority Revenue Bonds (Washington Public Schools Project) Series 2022 (A-/NR)<sup>(a)</sup> | McClain County Economic Development Authority Revenue Bonds (Washington Public Schools Project) Series 2022 (A-/NR)<sup>(a)</sup> | McClain County Economic Development Authority Revenue Bonds (Washington Public Schools Project) Series 2022 (A-/NR)<sup>(a)</sup> | McClain County Economic Development Authority Revenue Bonds (Washington Public Schools Project) Series 2022 (A-/NR)<sup>(a)</sup> |
| 2000000 | 4.000 | 09/01/36 | 2100549 |

---

------

THE NATIONAL TAX-FREE INTERMEDIATE BOND FUND

*January 31, 2023 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** |
| **Oklahoma – (continued)** | **Oklahoma – (continued)** | **Oklahoma – (continued)** | **Oklahoma – (continued)** |
| Oklahoma State Capitol Improvement Authority Facility Revenue Bonds (Department of Correction) Series D (AA-/NR)<sup>(a)</sup> | Oklahoma State Capitol Improvement Authority Facility Revenue Bonds (Department of Correction) Series D (AA-/NR)<sup>(a)</sup> | Oklahoma State Capitol Improvement Authority Facility Revenue Bonds (Department of Correction) Series D (AA-/NR)<sup>(a)</sup> | Oklahoma State Capitol Improvement Authority Facility Revenue Bonds (Department of Correction) Series D (AA-/NR)<sup>(a)</sup> |
| $2000000 | 4.000% | 07/01/38 | $2030845 |
|  |  |  | 8389358 |
| **Oregon<sup>(a)</sup> – 0.3%** | **Oregon<sup>(a)</sup> – 0.3%** | **Oregon<sup>(a)</sup> – 0.3%** | **Oregon<sup>(a)</sup> – 0.3%** |
| State of Oregon Housing & Community Services Department Revenue Bonds Series A (NR/Aa2) | State of Oregon Housing & Community Services Department Revenue Bonds Series A (NR/Aa2) | State of Oregon Housing & Community Services Department Revenue Bonds Series A (NR/Aa2) | State of Oregon Housing & Community Services Department Revenue Bonds Series A (NR/Aa2) |
| 1315000 | 3.375 | 01/01/34 | 1338372 |
| **Pennsylvania – 10.7%** | **Pennsylvania – 10.7%** | **Pennsylvania – 10.7%** | **Pennsylvania – 10.7%** |
| Berwick Area School District GO Bonds Series 2021 (AA/NR)<sup>(a)</sup> | Berwick Area School District GO Bonds Series 2021 (AA/NR)<sup>(a)</sup> | Berwick Area School District GO Bonds Series 2021 (AA/NR)<sup>(a)</sup> | Berwick Area School District GO Bonds Series 2021 (AA/NR)<sup>(a)</sup> |
| 345000 | 3.000 | 11/15/34 | 343432 |
| 685000 | 3.000 | 11/15/35 | 674215 |
| 720000 | 3.000 | 11/15/36 | 701188 |
| Brandywine Heights PA Area School District GO Bonds (Refunding) Series A (AA-/NR) | Brandywine Heights PA Area School District GO Bonds (Refunding) Series A (AA-/NR) | Brandywine Heights PA Area School District GO Bonds (Refunding) Series A (AA-/NR) | Brandywine Heights PA Area School District GO Bonds (Refunding) Series A (AA-/NR) |
| 1650000 | 5.000 | 02/01/26 | 1771757 |
| Brandywine Heights PA Area School District GO Bonds (Refunding) Series B (AA-/NR) | Brandywine Heights PA Area School District GO Bonds (Refunding) Series B (AA-/NR) | Brandywine Heights PA Area School District GO Bonds (Refunding) Series B (AA-/NR) | Brandywine Heights PA Area School District GO Bonds (Refunding) Series B (AA-/NR) |
| 1365000 | 4.000 | 02/01/23 | 1365000 |
| Bucks County Technical School Authority Revenue Bonds Series 2022 (AA/A1)<sup>(a)</sup> | Bucks County Technical School Authority Revenue Bonds Series 2022 (AA/A1)<sup>(a)</sup> | Bucks County Technical School Authority Revenue Bonds Series 2022 (AA/A1)<sup>(a)</sup> | Bucks County Technical School Authority Revenue Bonds Series 2022 (AA/A1)<sup>(a)</sup> |
| 455000 | 4.000 | 02/15/33 | 492309 |
| 685000 | 4.000 | 02/15/36 | 717990 |
| Centre County PA Hospital Authority Revenue Bonds (Refunding Hospital Mount Nittany Medical Center Project) Series A (A+/NR) | Centre County PA Hospital Authority Revenue Bonds (Refunding Hospital Mount Nittany Medical Center Project) Series A (A+/NR) | Centre County PA Hospital Authority Revenue Bonds (Refunding Hospital Mount Nittany Medical Center Project) Series A (A+/NR) | Centre County PA Hospital Authority Revenue Bonds (Refunding Hospital Mount Nittany Medical Center Project) Series A (A+/NR) |
| 1000000 | 5.000 | 11/15/26 | 1085283 |
| Columbia Borough PA School District GO Bonds (Refunding) Series 2019 (A+/NR) | Columbia Borough PA School District GO Bonds (Refunding) Series 2019 (A+/NR) | Columbia Borough PA School District GO Bonds (Refunding) Series 2019 (A+/NR) | Columbia Borough PA School District GO Bonds (Refunding) Series 2019 (A+/NR) |
| 1790000 | 4.000 | 02/15/23 | 1790981 |
| Delaware Valley PA Regional Financial Authority Revenue Bonds Series A (CNTY-GTD) (A+/A1) | Delaware Valley PA Regional Financial Authority Revenue Bonds Series A (CNTY-GTD) (A+/A1) | Delaware Valley PA Regional Financial Authority Revenue Bonds Series A (CNTY-GTD) (A+/A1) | Delaware Valley PA Regional Financial Authority Revenue Bonds Series A (CNTY-GTD) (A+/A1) |
| 2100000 | 5.000 | 09/01/33 | 2520484 |
| Easton Area School District Revenue Bonds Series 2021 (NR/Aa2)<sup>(a)</sup> | Easton Area School District Revenue Bonds Series 2021 (NR/Aa2)<sup>(a)</sup> | Easton Area School District Revenue Bonds Series 2021 (NR/Aa2)<sup>(a)</sup> | Easton Area School District Revenue Bonds Series 2021 (NR/Aa2)<sup>(a)</sup> |
| 1100000 | 4.000 | 04/01/33 | 1195692 |
| Gateway School District Alleghany County GO Bonds Series 2021 (AA/A1)<sup>(a)</sup> | Gateway School District Alleghany County GO Bonds Series 2021 (AA/A1)<sup>(a)</sup> | Gateway School District Alleghany County GO Bonds Series 2021 (AA/A1)<sup>(a)</sup> | Gateway School District Alleghany County GO Bonds Series 2021 (AA/A1)<sup>(a)</sup> |
| 795000 | 3.000 | 10/15/35 | 758518 |
| 1300000 | 3.000 | 10/15/36 | 1214318 |
| Gateway School District Alleghany County GO Bonds<br>Series 2021 (BAM) (AA/A1)<sup>(a)</sup> | Gateway School District Alleghany County GO Bonds<br>Series 2021 (BAM) (AA/A1)<sup>(a)</sup> | Gateway School District Alleghany County GO Bonds<br>Series 2021 (BAM) (AA/A1)<sup>(a)</sup> | Gateway School District Alleghany County GO Bonds<br>Series 2021 (BAM) (AA/A1)<sup>(a)</sup> |
| 1000000 | 3.000 | 10/15/34 | 985868 |
| Hamburg Area School District PA Series 2021 (AA-/NR)<sup>(a)</sup> | Hamburg Area School District PA Series 2021 (AA-/NR)<sup>(a)</sup> | Hamburg Area School District PA Series 2021 (AA-/NR)<sup>(a)</sup> | Hamburg Area School District PA Series 2021 (AA-/NR)<sup>(a)</sup> |
| 1400000 | 3.000 | 04/01/35 | 1359686 |
| Pennsylvania Higher Education Assistance Agency Revenue Bonds Series A (A/Aa2) | Pennsylvania Higher Education Assistance Agency Revenue Bonds Series A (A/Aa2) | Pennsylvania Higher Education Assistance Agency Revenue Bonds Series A (A/Aa2) | Pennsylvania Higher Education Assistance Agency Revenue Bonds Series A (A/Aa2) |
| 500000 | 5.000 | 06/01/26 | 530696 |
| 525000 | 5.000 | 06/01/27 | 565542 |
| 525000 | 5.000 | 06/01/28 | 572973 |
| 535000 | 5.000 | 06/01/29 | 590211 |
| 425000 | 5.000 | 06/01/30 | 470201 |
| Pennsylvania State Economic Development Financing Authority Governmental Lease Revenue Bonds (Taxable-Refunding-Forum Place Project) Series 2020 (A/A2) | Pennsylvania State Economic Development Financing Authority Governmental Lease Revenue Bonds (Taxable-Refunding-Forum Place Project) Series 2020 (A/A2) | Pennsylvania State Economic Development Financing Authority Governmental Lease Revenue Bonds (Taxable-Refunding-Forum Place Project) Series 2020 (A/A2) | Pennsylvania State Economic Development Financing Authority Governmental Lease Revenue Bonds (Taxable-Refunding-Forum Place Project) Series 2020 (A/A2) |
| 1250000 | 2.082 | 03/01/24 | 1212597 |
| Pennsylvania State Higher Educational Facilities Authority Revenue Bonds Series 2022 (AA/Aa3)<sup>(a)</sup> | Pennsylvania State Higher Educational Facilities Authority Revenue Bonds Series 2022 (AA/Aa3)<sup>(a)</sup> | Pennsylvania State Higher Educational Facilities Authority Revenue Bonds Series 2022 (AA/Aa3)<sup>(a)</sup> | Pennsylvania State Higher Educational Facilities Authority Revenue Bonds Series 2022 (AA/Aa3)<sup>(a)</sup> |
| 475000 | 4.000 | 08/15/42 | 470912 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** |
| **Pennsylvania – (continued)** | **Pennsylvania – (continued)** | **Pennsylvania – (continued)** | **Pennsylvania – (continued)** |
| Pennsylvania State Housing Finance Agency SF Mortgage Revenue Bonds Series 130A (AA+/Aa1)<sup>(a)</sup> | Pennsylvania State Housing Finance Agency SF Mortgage Revenue Bonds Series 130A (AA+/Aa1)<sup>(a)</sup> | Pennsylvania State Housing Finance Agency SF Mortgage Revenue Bonds Series 130A (AA+/Aa1)<sup>(a)</sup> | Pennsylvania State Housing Finance Agency SF Mortgage Revenue Bonds Series 130A (AA+/Aa1)<sup>(a)</sup> |
| $795000 | 2.100% | 10/01/30 | $725652 |
| Pennsylvania State Turnpike Commission Turnpike Revenue Bonds (Taxable-Refunding-1st) Series 2020 (NR/A1) | Pennsylvania State Turnpike Commission Turnpike Revenue Bonds (Taxable-Refunding-1st) Series 2020 (NR/A1) | Pennsylvania State Turnpike Commission Turnpike Revenue Bonds (Taxable-Refunding-1st) Series 2020 (NR/A1) | Pennsylvania State Turnpike Commission Turnpike Revenue Bonds (Taxable-Refunding-1st) Series 2020 (NR/A1) |
| 335000 | 2.355 | 12/01/26 | 309854 |
| 400000 | 2.533 | 12/01/27 | 365662 |
| 350000 | 2.633 | 12/01/29 | 309640 |
| Pennsylvania State Turnpike Commission Turnpike Revenue Bonds Series A-2 (NR/A1)<sup>(a)</sup> | Pennsylvania State Turnpike Commission Turnpike Revenue Bonds Series A-2 (NR/A1)<sup>(a)</sup> | Pennsylvania State Turnpike Commission Turnpike Revenue Bonds Series A-2 (NR/A1)<sup>(a)</sup> | Pennsylvania State Turnpike Commission Turnpike Revenue Bonds Series A-2 (NR/A1)<sup>(a)</sup> |
| 3000000 | 5.000 | 12/01/35 | 3348424 |
| Pennsylvania State Turnpike Commission Turnpike Revenue Bonds Series C (AA-/A1)<sup>(a)</sup> | Pennsylvania State Turnpike Commission Turnpike Revenue Bonds Series C (AA-/A1)<sup>(a)</sup> | Pennsylvania State Turnpike Commission Turnpike Revenue Bonds Series C (AA-/A1)<sup>(a)</sup> | Pennsylvania State Turnpike Commission Turnpike Revenue Bonds Series C (AA-/A1)<sup>(a)</sup> |
| 500000 | 5.000 | 12/01/26 | 525269 |
| Peters Township PA School District Washington County GO Bonds Series C (NR/Aa2)<sup>(a)</sup> | Peters Township PA School District Washington County GO Bonds Series C (NR/Aa2)<sup>(a)</sup> | Peters Township PA School District Washington County GO Bonds Series C (NR/Aa2)<sup>(a)</sup> | Peters Township PA School District Washington County GO Bonds Series C (NR/Aa2)<sup>(a)</sup> |
| 1000000 | 4.000 | 09/01/36 | 1035647 |
| Plum Boro PA Municipal Authority Sewer Revenue Bonds (Refunding) Series C (AA/NR) | Plum Boro PA Municipal Authority Sewer Revenue Bonds (Refunding) Series C (AA/NR) | Plum Boro PA Municipal Authority Sewer Revenue Bonds (Refunding) Series C (AA/NR) | Plum Boro PA Municipal Authority Sewer Revenue Bonds (Refunding) Series C (AA/NR) |
| 1175000 | 3.000 | 11/15/27 | 1207469 |
| Salisbury Township PA School District GO Bonds Series A<br>(A/NR)<sup>(a)</sup> | Salisbury Township PA School District GO Bonds Series A<br>(A/NR)<sup>(a)</sup> | Salisbury Township PA School District GO Bonds Series A<br>(A/NR)<sup>(a)</sup> | Salisbury Township PA School District GO Bonds Series A<br>(A/NR)<sup>(a)</sup> |
| 1390000 | 4.000 | 02/15/27 | 1432976 |
| Shikellamy School District PA GO Bonds Series 2020 (AA/NR)<sup>(a)</sup> | Shikellamy School District PA GO Bonds Series 2020 (AA/NR)<sup>(a)</sup> | Shikellamy School District PA GO Bonds Series 2020 (AA/NR)<sup>(a)</sup> | Shikellamy School District PA GO Bonds Series 2020 (AA/NR)<sup>(a)</sup> |
| 1945000 | 2.000 | 09/01/28 | 1854884 |
| 1610000 | 2.000 | 09/01/29 | 1509096 |
| Southcentral PA General Authority Revenue Bond Series TT2 (A-/NR) | Southcentral PA General Authority Revenue Bond Series TT2 (A-/NR) | Southcentral PA General Authority Revenue Bond Series TT2 (A-/NR) | Southcentral PA General Authority Revenue Bond Series TT2 (A-/NR) |
| 225000 | 5.000 | 05/01/28 | 248248 |
| 225000 | 5.000 | 05/01/29 | 252159 |
| 400000 | 5.000 | 05/01/30 | 454798 |
| 375000 | 5.000 | 05/01/31 | 432401 |
| 325000 | 4.000 <sup>(a)</sup> | 05/01/32 | 335933 |
| 325000 | 4.000 <sup>(a)</sup> | 05/01/33 | 334881 |
| 300000 | 4.000 <sup>(a)</sup> | 05/01/34 | 308518 |
| Wayne County PA Hospital & Health Facilities Authority Revenue Bond (Memorial Hospital Project) Series A (CNTY-GTD) (A/NR) | Wayne County PA Hospital & Health Facilities Authority Revenue Bond (Memorial Hospital Project) Series A (CNTY-GTD) (A/NR) | Wayne County PA Hospital & Health Facilities Authority Revenue Bond (Memorial Hospital Project) Series A (CNTY-GTD) (A/NR) | Wayne County PA Hospital & Health Facilities Authority Revenue Bond (Memorial Hospital Project) Series A (CNTY-GTD) (A/NR) |
| 550000 | 4.000 | 07/01/25 | 568226 |
| 520000 | 4.000 | 07/01/27 | 552856 |
| 400000 | 5.000 <sup>(a)</sup> | 07/01/28 | 434464 |
| 500000 | 4.000 <sup>(a)</sup> | 07/01/33 | 514250 |
| Wilkes-Barre PA Finance Authority Revenue Bonds (Refunding-University of Scranton) Series A (A-/NR) | Wilkes-Barre PA Finance Authority Revenue Bonds (Refunding-University of Scranton) Series A (A-/NR) | Wilkes-Barre PA Finance Authority Revenue Bonds (Refunding-University of Scranton) Series A (A-/NR) | Wilkes-Barre PA Finance Authority Revenue Bonds (Refunding-University of Scranton) Series A (A-/NR) |
| 1000000 | 5.000 | 11/01/24 | 1037265 |
| Wilson PA School District GO Bonds Series A (AA/NR) | Wilson PA School District GO Bonds Series A (AA/NR) | Wilson PA School District GO Bonds Series A (AA/NR) | Wilson PA School District GO Bonds Series A (AA/NR) |
| 650000 | 4.000 | 05/15/26 | 682721 |
| 840000 | 4.000 <sup>(a)</sup> | 05/15/27 | 882145 |
| York PA GO Bonds (Refunding) Series A (NR/NR) | York PA GO Bonds (Refunding) Series A (NR/NR) | York PA GO Bonds (Refunding) Series A (NR/NR) | York PA GO Bonds (Refunding) Series A (NR/NR) |
| 640000 | 5.000 | 11/15/26 | 669380 |
|  |  |  | 41722671 |
| **Rhode Island<sup>(a)</sup> – 1.7%** | **Rhode Island<sup>(a)</sup> – 1.7%** | **Rhode Island<sup>(a)</sup> – 1.7%** | **Rhode Island<sup>(a)</sup> – 1.7%** |
| Rhode Island State & Providence Plantations Lease Certificates of Participation (Eleanor Slater Hospital Project) Series B (AA-/Aa3) | Rhode Island State & Providence Plantations Lease Certificates of Participation (Eleanor Slater Hospital Project) Series B (AA-/Aa3) | Rhode Island State & Providence Plantations Lease Certificates of Participation (Eleanor Slater Hospital Project) Series B (AA-/Aa3) | Rhode Island State & Providence Plantations Lease Certificates of Participation (Eleanor Slater Hospital Project) Series B (AA-/Aa3) |
| 1600000 | 5.000 | 11/01/30 | 1837523 |
| 760000 | 4.000 | 11/01/32 | 829195 |
| 980000 | 4.000 | 11/01/33 | 1062239 |
| Rhode Island State & Providence Plantations Lease Certificates of Participation (Refunding) (School Deafening Project) Series D (AA-/Aa3) | Rhode Island State & Providence Plantations Lease Certificates of Participation (Refunding) (School Deafening Project) Series D (AA-/Aa3) | Rhode Island State & Providence Plantations Lease Certificates of Participation (Refunding) (School Deafening Project) Series D (AA-/Aa3) | Rhode Island State & Providence Plantations Lease Certificates of Participation (Refunding) (School Deafening Project) Series D (AA-/Aa3) |
| 1000000 | 5.000 | 04/01/29 | 1105635 |

---

------

THE NATIONAL TAX-FREE INTERMEDIATE BOND FUND

*January 31, 2023 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** |
| **Rhode Island<sup>(a)</sup> – (continued)** | **Rhode Island<sup>(a)</sup> – (continued)** | **Rhode Island<sup>(a)</sup> – (continued)** | **Rhode Island<sup>(a)</sup> – (continued)** |
| Rhode Island State Housing and Mortgage Finance Corp Revenue Bonds Series 2022 (AA+/Aa1) | Rhode Island State Housing and Mortgage Finance Corp Revenue Bonds Series 2022 (AA+/Aa1) | Rhode Island State Housing and Mortgage Finance Corp Revenue Bonds Series 2022 (AA+/Aa1) | Rhode Island State Housing and Mortgage Finance Corp Revenue Bonds Series 2022 (AA+/Aa1) |
| $2025000 | 2.100% | 04/01/32 | $1806942 |
|  |  |  | 6641534 |
| **South Carolina – 0.6%** | **South Carolina – 0.6%** | **South Carolina – 0.6%** | **South Carolina – 0.6%** |
| City of North Charleston SC Noisette Community Redevelopment Project Area Series 2022 (AA-/NR)<sup>(a)</sup> | City of North Charleston SC Noisette Community Redevelopment Project Area Series 2022 (AA-/NR)<sup>(a)</sup> | City of North Charleston SC Noisette Community Redevelopment Project Area Series 2022 (AA-/NR)<sup>(a)</sup> | City of North Charleston SC Noisette Community Redevelopment Project Area Series 2022 (AA-/NR)<sup>(a)</sup> |
| 1130000 | 4.000 | 10/01/36 | 1185381 |
| Laurens County SC School District No. 055 Installment Purchase Revenue Bonds (Refunding) Series 2015 (A-/A2) | Laurens County SC School District No. 055 Installment Purchase Revenue Bonds (Refunding) Series 2015 (A-/A2) | Laurens County SC School District No. 055 Installment Purchase Revenue Bonds (Refunding) Series 2015 (A-/A2) | Laurens County SC School District No. 055 Installment Purchase Revenue Bonds (Refunding) Series 2015 (A-/A2) |
| 1000000 | 5.000 | 12/01/24 | 1041863 |
|  |  |  | 2227244 |
| **South Dakota – 0.6%** | **South Dakota – 0.6%** | **South Dakota – 0.6%** | **South Dakota – 0.6%** |
| South Dakota Housing Development Authority Revenue Bonds (Home Ownership Mortgage) Series D (AAA/Aaa) | South Dakota Housing Development Authority Revenue Bonds (Home Ownership Mortgage) Series D (AAA/Aaa) | South Dakota Housing Development Authority Revenue Bonds (Home Ownership Mortgage) Series D (AAA/Aaa) | South Dakota Housing Development Authority Revenue Bonds (Home Ownership Mortgage) Series D (AAA/Aaa) |
| 30000 | 2.700 | 05/01/25 | 29833 |
| South Dakota State Health & Educational Facilities Authority Revenue Bonds Series 2017 (NR/A1) | South Dakota State Health & Educational Facilities Authority Revenue Bonds Series 2017 (NR/A1) | South Dakota State Health & Educational Facilities Authority Revenue Bonds Series 2017 (NR/A1) | South Dakota State Health & Educational Facilities Authority Revenue Bonds Series 2017 (NR/A1) |
| 750000 | 5.000 | 09/01/23 | 759759 |
| 825000 | 5.000 | 09/01/24 | 854136 |
| 605000 | 5.000 | 09/01/25 | 638615 |
|  |  |  | 2282343 |
| **Tennessee – 0.5%** | **Tennessee – 0.5%** | **Tennessee – 0.5%** | **Tennessee – 0.5%** |
| Greeneville TN Health & Educational Facilities Board Hospital Revenue Bonds (Refunding-Ballad Health Obligated Group) Series A (A-/A3) | Greeneville TN Health & Educational Facilities Board Hospital Revenue Bonds (Refunding-Ballad Health Obligated Group) Series A (A-/A3) | Greeneville TN Health & Educational Facilities Board Hospital Revenue Bonds (Refunding-Ballad Health Obligated Group) Series A (A-/A3) | Greeneville TN Health & Educational Facilities Board Hospital Revenue Bonds (Refunding-Ballad Health Obligated Group) Series A (A-/A3) |
| 500000 | 5.000 | 07/01/28 | 548165 |
| 600000 | 5.000 <sup>(a)</sup> | 07/01/29 | 657093 |
| 500000 | 5.000 <sup>(a)</sup> | 07/01/30 | 547228 |
| Tennessee Housing Development Agency Revenue Bonds Residential Financing Program Series 1C (Non-AMT-Non ACE-Issue) (AA+/Aa1)<sup>(a)</sup> | Tennessee Housing Development Agency Revenue Bonds Residential Financing Program Series 1C (Non-AMT-Non ACE-Issue) (AA+/Aa1)<sup>(a)</sup> | Tennessee Housing Development Agency Revenue Bonds Residential Financing Program Series 1C (Non-AMT-Non ACE-Issue) (AA+/Aa1)<sup>(a)</sup> | Tennessee Housing Development Agency Revenue Bonds Residential Financing Program Series 1C (Non-AMT-Non ACE-Issue) (AA+/Aa1)<sup>(a)</sup> |
| 125000 | 4.050 | 01/01/38 | 124254 |
|  |  |  | 1876740 |
| **Texas – 8.5%** | **Texas – 8.5%** | **Texas – 8.5%** | **Texas – 8.5%** |
| Arlington TX Higher Education Finance Corp. Revenue Bonds (KIPP Texas, Inc.) Series 2018 (PSF-GTD) (AAA/NR)<sup>(a)</sup> | Arlington TX Higher Education Finance Corp. Revenue Bonds (KIPP Texas, Inc.) Series 2018 (PSF-GTD) (AAA/NR)<sup>(a)</sup> | Arlington TX Higher Education Finance Corp. Revenue Bonds (KIPP Texas, Inc.) Series 2018 (PSF-GTD) (AAA/NR)<sup>(a)</sup> | Arlington TX Higher Education Finance Corp. Revenue Bonds (KIPP Texas, Inc.) Series 2018 (PSF-GTD) (AAA/NR)<sup>(a)</sup> |
| 1000000 | 4.000 | 08/15/30 | 1055823 |
| 1000000 | 4.000 | 08/15/31 | 1052005 |
| Arlington TX Higher Education Finance Corp. Revenue Bonds (Responsive Education Solutions) Series A (PSF-GTD) (AAA/NR) | Arlington TX Higher Education Finance Corp. Revenue Bonds (Responsive Education Solutions) Series A (PSF-GTD) (AAA/NR) | Arlington TX Higher Education Finance Corp. Revenue Bonds (Responsive Education Solutions) Series A (PSF-GTD) (AAA/NR) | Arlington TX Higher Education Finance Corp. Revenue Bonds (Responsive Education Solutions) Series A (PSF-GTD) (AAA/NR) |
| 725000 | 5.000 | 08/15/25 | 771121 |
| Arlington TX Higher Education Finance Corp. Revenue Bonds (Uplift Education) Series B (PSF-GTD) (AAA/NR)<sup>(a)</sup> | Arlington TX Higher Education Finance Corp. Revenue Bonds (Uplift Education) Series B (PSF-GTD) (AAA/NR)<sup>(a)</sup> | Arlington TX Higher Education Finance Corp. Revenue Bonds (Uplift Education) Series B (PSF-GTD) (AAA/NR)<sup>(a)</sup> | Arlington TX Higher Education Finance Corp. Revenue Bonds (Uplift Education) Series B (PSF-GTD) (AAA/NR)<sup>(a)</sup> |
| 540000 | 4.000 | 12/01/30 | 566983 |
| 485000 | 4.000 | 12/01/32 | 506992 |
| Arlington TX Higher Education Finance Corp. Revenue Bonds Series A (PSF-GTD) (AAA/NR)<sup>(a)</sup> | Arlington TX Higher Education Finance Corp. Revenue Bonds Series A (PSF-GTD) (AAA/NR)<sup>(a)</sup> | Arlington TX Higher Education Finance Corp. Revenue Bonds Series A (PSF-GTD) (AAA/NR)<sup>(a)</sup> | Arlington TX Higher Education Finance Corp. Revenue Bonds Series A (PSF-GTD) (AAA/NR)<sup>(a)</sup> |
| 1075000 | 3.000 | 08/15/33 | 1082273 |
| 1000000 | 4.000 | 08/15/34 | 1060932 |
| 1000000 | 4.000 | 08/15/35 | 1043723 |
| Celina TX GO Bonds (Certificates of Obligation) (Waterworks & Sewer System) Series 2015 (AA/Aa3)<sup>(a)</sup> | Celina TX GO Bonds (Certificates of Obligation) (Waterworks & Sewer System) Series 2015 (AA/Aa3)<sup>(a)</sup> | Celina TX GO Bonds (Certificates of Obligation) (Waterworks & Sewer System) Series 2015 (AA/Aa3)<sup>(a)</sup> | Celina TX GO Bonds (Certificates of Obligation) (Waterworks & Sewer System) Series 2015 (AA/Aa3)<sup>(a)</sup> |
| 430000 | 5.000 | 09/01/27 | 458724 |
| 980000 | 5.000 | 09/01/28 | 1045233 |
| City of Brownsville TX Utilities System Revenue Bonds (Refunding) Series 2022 (AA/NR)<sup>(a)</sup> | City of Brownsville TX Utilities System Revenue Bonds (Refunding) Series 2022 (AA/NR)<sup>(a)</sup> | City of Brownsville TX Utilities System Revenue Bonds (Refunding) Series 2022 (AA/NR)<sup>(a)</sup> | City of Brownsville TX Utilities System Revenue Bonds (Refunding) Series 2022 (AA/NR)<sup>(a)</sup> |
| 500000 | 5.000 | 09/01/42 | 550716 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** |
| **Texas – (continued)** | **Texas – (continued)** | **Texas – (continued)** | **Texas – (continued)** |
| City of Bryan TX Electric System Revenue Bonds (Refunding) Series 2021 (A+/NR)<sup>(a)</sup> | City of Bryan TX Electric System Revenue Bonds (Refunding) Series 2021 (A+/NR)<sup>(a)</sup> | City of Bryan TX Electric System Revenue Bonds (Refunding) Series 2021 (A+/NR)<sup>(a)</sup> | City of Bryan TX Electric System Revenue Bonds (Refunding) Series 2021 (A+/NR)<sup>(a)</sup> |
| $960000 | 4.000% | 07/01/31 | $986898 |
| City of Corpus Christi TX Utility System Revenue Bonds (Refunding) Series 2020 (AA-/Aa3)<sup>(a)</sup> | City of Corpus Christi TX Utility System Revenue Bonds (Refunding) Series 2020 (AA-/Aa3)<sup>(a)</sup> | City of Corpus Christi TX Utility System Revenue Bonds (Refunding) Series 2020 (AA-/Aa3)<sup>(a)</sup> | City of Corpus Christi TX Utility System Revenue Bonds (Refunding) Series 2020 (AA-/Aa3)<sup>(a)</sup> |
| 1770000 | 3.000 | 07/15/40 | 1550295 |
| City of Houston TX Airport System Revenue Bonds Series 2021 (NR/A1) | City of Houston TX Airport System Revenue Bonds Series 2021 (NR/A1) | City of Houston TX Airport System Revenue Bonds Series 2021 (NR/A1) | City of Houston TX Airport System Revenue Bonds Series 2021 (NR/A1) |
| 1000000 | 5.000 | 07/01/29 | 1113541 |
| 900000 | 5.000 | 07/01/30 | 1013021 |
| 1200000 | 5.000 | 07/01/31 | 1367412 |
| Greater Texoma Utility Authority Revenue Bonds (City Of Sherman Project) Series 2022 (AA/NR)<sup>(a)</sup> | Greater Texoma Utility Authority Revenue Bonds (City Of Sherman Project) Series 2022 (AA/NR)<sup>(a)</sup> | Greater Texoma Utility Authority Revenue Bonds (City Of Sherman Project) Series 2022 (AA/NR)<sup>(a)</sup> | Greater Texoma Utility Authority Revenue Bonds (City Of Sherman Project) Series 2022 (AA/NR)<sup>(a)</sup> |
| 2515000 | 4.000 | 10/01/39 | 2565145 |
| Greenville TX Electric System Revenue Bonds Series 2022 (AA/NR)<sup>(a)</sup> | Greenville TX Electric System Revenue Bonds Series 2022 (AA/NR)<sup>(a)</sup> | Greenville TX Electric System Revenue Bonds Series 2022 (AA/NR)<sup>(a)</sup> | Greenville TX Electric System Revenue Bonds Series 2022 (AA/NR)<sup>(a)</sup> |
| 1000000 | 5.000 | 02/15/47 | 1078661 |
| Harris County Municipal Utility District No 105 GO Bonds (Refunding) Series 2022 (AA/NR) | Harris County Municipal Utility District No 105 GO Bonds (Refunding) Series 2022 (AA/NR) | Harris County Municipal Utility District No 105 GO Bonds (Refunding) Series 2022 (AA/NR) | Harris County Municipal Utility District No 105 GO Bonds (Refunding) Series 2022 (AA/NR) |
| 905000 | 4.000 | 03/01/32 | 993484 |
| 970000 | 4.000 <sup>(a)</sup> | 03/01/33 | 1060562 |
| 1015000 | 4.000 <sup>(a)</sup> | 03/01/34 | 1099425 |
| Katy TX Independent School District GO Bonds (Refunding) Series A (PSF-GTD) (AAA/Aaa) | Katy TX Independent School District GO Bonds (Refunding) Series A (PSF-GTD) (AAA/Aaa) | Katy TX Independent School District GO Bonds (Refunding) Series A (PSF-GTD) (AAA/Aaa) | Katy TX Independent School District GO Bonds (Refunding) Series A (PSF-GTD) (AAA/Aaa) |
| 300000 | 5.000 | 02/15/25 | 316322 |
| Kyle TX GO Bonds (Refunding) Series 2015 (AA-/NR)<sup>(a)</sup> | Kyle TX GO Bonds (Refunding) Series 2015 (AA-/NR)<sup>(a)</sup> | Kyle TX GO Bonds (Refunding) Series 2015 (AA-/NR)<sup>(a)</sup> | Kyle TX GO Bonds (Refunding) Series 2015 (AA-/NR)<sup>(a)</sup> |
| 1000000 | 4.000 | 08/15/26 | 1031721 |
| Kyle TX GO Bonds Series 2022 (AA/NR)<sup>(a)</sup> | Kyle TX GO Bonds Series 2022 (AA/NR)<sup>(a)</sup> | Kyle TX GO Bonds Series 2022 (AA/NR)<sup>(a)</sup> | Kyle TX GO Bonds Series 2022 (AA/NR)<sup>(a)</sup> |
| 1500000 | 4.000 | 08/15/37 | 1547066 |
| 1500000 | 4.000 | 08/15/38 | 1533917 |
| Laredo TX GO Bonds Series 2022 (AA/Aa2)<sup>(a)</sup> | Laredo TX GO Bonds Series 2022 (AA/Aa2)<sup>(a)</sup> | Laredo TX GO Bonds Series 2022 (AA/Aa2)<sup>(a)</sup> | Laredo TX GO Bonds Series 2022 (AA/Aa2)<sup>(a)</sup> |
| 1740000 | 5.000 | 02/15/40 | 1978678 |
| McGregor TX Independent School District GO Bonds (Capital Appreciation) Series 2001 (PSF-GTD) (AAA/NR)<sup>(c)</sup> | McGregor TX Independent School District GO Bonds (Capital Appreciation) Series 2001 (PSF-GTD) (AAA/NR)<sup>(c)</sup> | McGregor TX Independent School District GO Bonds (Capital Appreciation) Series 2001 (PSF-GTD) (AAA/NR)<sup>(c)</sup> | McGregor TX Independent School District GO Bonds (Capital Appreciation) Series 2001 (PSF-GTD) (AAA/NR)<sup>(c)</sup> |
| 710000 | 0.000 | 02/15/25 | 652376 |
| North Fort Bend Water Authority Revenue Bonds (Refunding) Series 2021 (AA/NR)<sup>(a)</sup> | North Fort Bend Water Authority Revenue Bonds (Refunding) Series 2021 (AA/NR)<sup>(a)</sup> | North Fort Bend Water Authority Revenue Bonds (Refunding) Series 2021 (AA/NR)<sup>(a)</sup> | North Fort Bend Water Authority Revenue Bonds (Refunding) Series 2021 (AA/NR)<sup>(a)</sup> |
| 1350000 | 4.000 | 12/15/32 | 1511581 |
| Round Rock Transportation & Economic Development Corp. (Taxable) Series 2021 BAM (AA/NR) | Round Rock Transportation & Economic Development Corp. (Taxable) Series 2021 BAM (AA/NR) | Round Rock Transportation & Economic Development Corp. (Taxable) Series 2021 BAM (AA/NR) | Round Rock Transportation & Economic Development Corp. (Taxable) Series 2021 BAM (AA/NR) |
| 910000 | 1.250 | 08/15/26 | 815651 |
| Wichita Falls TX GO Bonds Series A (AA/Aa2)<sup>(a)</sup> | Wichita Falls TX GO Bonds Series A (AA/Aa2)<sup>(a)</sup> | Wichita Falls TX GO Bonds Series A (AA/Aa2)<sup>(a)</sup> | Wichita Falls TX GO Bonds Series A (AA/Aa2)<sup>(a)</sup> |
| 880000 | 4.000 | 09/01/31 | 933414 |
| 870000 | 4.000 | 09/01/32 | 920410 |
|  |  |  | 33264105 |
| **Utah – 0.4%** | **Utah – 0.4%** | **Utah – 0.4%** | **Utah – 0.4%** |
| Salt Lake City UT Airport Revenue Bonds Series A (A/A2) | Salt Lake City UT Airport Revenue Bonds Series A (A/A2) | Salt Lake City UT Airport Revenue Bonds Series A (A/A2) | Salt Lake City UT Airport Revenue Bonds Series A (A/A2) |
| 1000000 | 5.000 | 07/01/26 | 1064921 |
| Salt Lake City UT Airport Revenue Bonds Series B (A/A2)<sup>(a)</sup> | Salt Lake City UT Airport Revenue Bonds Series B (A/A2)<sup>(a)</sup> | Salt Lake City UT Airport Revenue Bonds Series B (A/A2)<sup>(a)</sup> | Salt Lake City UT Airport Revenue Bonds Series B (A/A2)<sup>(a)</sup> |
| 500000 | 5.000 | 07/01/34 | 549047 |
|  |  |  | 1613968 |
| **Vermont – 0.9%** | **Vermont – 0.9%** | **Vermont – 0.9%** | **Vermont – 0.9%** |
| Vermont State Student Assistance Corp. Education Loan Revenue Bonds Series A (A/NR) | Vermont State Student Assistance Corp. Education Loan Revenue Bonds Series A (A/NR) | Vermont State Student Assistance Corp. Education Loan Revenue Bonds Series A (A/NR) | Vermont State Student Assistance Corp. Education Loan Revenue Bonds Series A (A/NR) |
| 300000 | 5.000 | 06/15/24 | 307256 |
| 400000 | 5.000 | 06/15/25 | 417409 |

---

------

THE NATIONAL TAX-FREE INTERMEDIATE BOND FUND

*January 31, 2023 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** |
| **Vermont – (continued)** | **Vermont – (continued)** | **Vermont – (continued)** | **Vermont – (continued)** |
| Vermont State Student Assistance Corp. Education Loan Revenue Bonds Series A (A/NR) (continued) | Vermont State Student Assistance Corp. Education Loan Revenue Bonds Series A (A/NR) (continued) | Vermont State Student Assistance Corp. Education Loan Revenue Bonds Series A (A/NR) (continued) | Vermont State Student Assistance Corp. Education Loan Revenue Bonds Series A (A/NR) (continued) |
| $400000 | 5.000% | 06/15/26 | $425105 |
| 780000 | 5.000 | 06/15/27 | 841423 |
| Vermont Student Assistance Corp Revenue Bonds Series 2021 (A/NR) | Vermont Student Assistance Corp Revenue Bonds Series 2021 (A/NR) | Vermont Student Assistance Corp Revenue Bonds Series 2021 (A/NR) | Vermont Student Assistance Corp Revenue Bonds Series 2021 (A/NR) |
| 400000 | 5.000 | 06/15/29 | 436670 |
| 455000 | 5.000 | 06/15/30 | 500496 |
| 475000 | 5.000 | 06/15/31 | 525851 |
|  |  |  | 3454210 |
| **Washington<sup>(a)</sup> – 0.5%** | **Washington<sup>(a)</sup> – 0.5%** | **Washington<sup>(a)</sup> – 0.5%** | **Washington<sup>(a)</sup> – 0.5%** |
| Port of Seattle WA Special Facilities Revenue Bonds (Refunding) Series 2013 (A/A1) | Port of Seattle WA Special Facilities Revenue Bonds (Refunding) Series 2013 (A/A1) | Port of Seattle WA Special Facilities Revenue Bonds (Refunding) Series 2013 (A/A1) | Port of Seattle WA Special Facilities Revenue Bonds (Refunding) Series 2013 (A/A1) |
| 900000 | 3.600 | 06/01/26 | 902162 |
| Washington State Health Care Facilities Authority Revenue Bonds (Multicare Health System) Series A (A+/WR) | Washington State Health Care Facilities Authority Revenue Bonds (Multicare Health System) Series A (A+/WR) | Washington State Health Care Facilities Authority Revenue Bonds (Multicare Health System) Series A (A+/WR) | Washington State Health Care Facilities Authority Revenue Bonds (Multicare Health System) Series A (A+/WR) |
| 495000 | 5.000 | 08/15/27 | 521750 |
| Washington State Health Care Facilities Authority Revenue Bonds (Refunding-Providence St. Joseph Health) Series B (A+/A1) | Washington State Health Care Facilities Authority Revenue Bonds (Refunding-Providence St. Joseph Health) Series B (A+/A1) | Washington State Health Care Facilities Authority Revenue Bonds (Refunding-Providence St. Joseph Health) Series B (A+/A1) | Washington State Health Care Facilities Authority Revenue Bonds (Refunding-Providence St. Joseph Health) Series B (A+/A1) |
| 150000 | 5.000 | 10/01/30 | 168569 |
| Washington State Housing Finance Commission Revenue Bonds (Refunding-Non-AMT-Single Family Program) Series 1N (NR/Aaa) | Washington State Housing Finance Commission Revenue Bonds (Refunding-Non-AMT-Single Family Program) Series 1N (NR/Aaa) | Washington State Housing Finance Commission Revenue Bonds (Refunding-Non-AMT-Single Family Program) Series 1N (NR/Aaa) | Washington State Housing Finance Commission Revenue Bonds (Refunding-Non-AMT-Single Family Program) Series 1N (NR/Aaa) |
| 290000 | 3.450 | 12/01/30 | 283466 |
|  |  |  | 1875947 |
| **Wisconsin<sup>(a)</sup> – 2.5%** | **Wisconsin<sup>(a)</sup> – 2.5%** | **Wisconsin<sup>(a)</sup> – 2.5%** | **Wisconsin<sup>(a)</sup> – 2.5%** |
| City of Milwaukee WI GO Bonds (Refunding) Series 2022 (AA/NR) | City of Milwaukee WI GO Bonds (Refunding) Series 2022 (AA/NR) | City of Milwaukee WI GO Bonds (Refunding) Series 2022 (AA/NR) | City of Milwaukee WI GO Bonds (Refunding) Series 2022 (AA/NR) |
| 2000000 | 5.000 | 04/01/35 | 2275569 |
| City of Milwaukee WI GO Bonds Series 2020 (AA/NR) | City of Milwaukee WI GO Bonds Series 2020 (AA/NR) | City of Milwaukee WI GO Bonds Series 2020 (AA/NR) | City of Milwaukee WI GO Bonds Series 2020 (AA/NR) |
| 2580000 | 4.000 | 04/01/35 | 2646382 |
| Luxemburg-Casco WI School District Brown & Kewaunee Counties GO Notes (Refunding) Series 2018 (AA-/NR) | Luxemburg-Casco WI School District Brown & Kewaunee Counties GO Notes (Refunding) Series 2018 (AA-/NR) | Luxemburg-Casco WI School District Brown & Kewaunee Counties GO Notes (Refunding) Series 2018 (AA-/NR) | Luxemburg-Casco WI School District Brown & Kewaunee Counties GO Notes (Refunding) Series 2018 (AA-/NR) |
| 520000 | 4.000 | 03/01/30 | 553143 |
| 765000 | 4.000 | 03/01/31 | 812952 |
| 540000 | 4.000 | 03/01/32 | 570705 |
| Tomorrow River School District GO Bonds Series 2022 (AA/NR) | Tomorrow River School District GO Bonds Series 2022 (AA/NR) | Tomorrow River School District GO Bonds Series 2022 (AA/NR) | Tomorrow River School District GO Bonds Series 2022 (AA/NR) |
| 1910000 | 4.000 | 03/15/41 | 1937714 |
| Wisconsin Public Finance Authority Revenue Bonds (Taxable Refunding Hawaii Pacific Health Obligated Group) Series A (NR/A1) | Wisconsin Public Finance Authority Revenue Bonds (Taxable Refunding Hawaii Pacific Health Obligated Group) Series A (NR/A1) | Wisconsin Public Finance Authority Revenue Bonds (Taxable Refunding Hawaii Pacific Health Obligated Group) Series A (NR/A1) | Wisconsin Public Finance Authority Revenue Bonds (Taxable Refunding Hawaii Pacific Health Obligated Group) Series A (NR/A1) |
| 1170000 | 4.082 | 07/01/29 | 1124983 |
|  |  |  | 9921448 |
| **TOTAL MUNICIPAL BOND OBLIGATIONS<br>(Cost $389,853,985)** | **TOTAL MUNICIPAL BOND OBLIGATIONS<br>(Cost $389,853,985)** | **TOTAL MUNICIPAL BOND OBLIGATIONS<br>(Cost $389,853,985)** | $379671771 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Description** | **Value** |
| **Investment Company – 2.2%** | **Investment Company – 2.2%** | **Investment Company – 2.2%** |
| 8436903 | State Street Institutional US Government Money Market Fund - Premier Class (NR/NR) 4.183% | $8436903 |
| **TOTAL INVESTMENTS – 99.2%<br>(Cost $398,290,888)** | **TOTAL INVESTMENTS – 99.2%<br>(Cost $398,290,888)** | $388108674 |
| **OTHER ASSETS IN EXCESS OF<br> LIABILITIES – 0.8%** | **OTHER ASSETS IN EXCESS OF<br> LIABILITIES – 0.8%** | 3293463 |
| **NET ASSETS – 100.0%** | **NET ASSETS – 100.0%** | $391402137 |

---

---

| | |
|:---|:---|
| The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets. | The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets. |
| (a) | Security with "Call" features with resetting interest rates. |
| (b) | Prerefunded security. Maturity date disclosed is prerefunding date. |
| (c) | Security issued with a zero coupon. The actual effective yield of this security is different than the stated coupon due to the accretion of discount. |
| Security ratings disclosed, if any, are issued by Standard & Poor's Ratings Services/Moody's Investors Service and are unaudited. A description of the ratings is available in the Fund's Statement of Additional Information. | Security ratings disclosed, if any, are issued by Standard & Poor's Ratings Services/Moody's Investors Service and are unaudited. A description of the ratings is available in the Fund's Statement of Additional Information. |

---

---

| | |
|:---|:---|
| **Investment Abbreviations:** | **Investment Abbreviations:** |
| AGM | — Insured by Assured Guaranty Municipal Corp. |
| AMBAC | — Insured by American Municipal Bond Assurance Corp. |
| AMT | — Alternative Minimum Tax |
| COPS | — Certificates of Participation |
| FHLMC | — Federal Home Loan Mortgage Corp. |
| FNMA | — Federal National Mortgage Association |
| GNMA | — Government National Mortgage Association |
| GO | — General Obligation |
| NR | — Not Rated |
| PSF-GTD | — Guaranteed by Permanent School Fund |
| Q-SBLF | — Qualified School Bond Loan Fund |
| WR | — Withdrawn Rating |

---

------

THE MISSOURI TAX-FREE INTERMEDIATE BOND FUND

## Schedule of Investments
*January 31, 2023 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Municipal Bond Obligations – 97.9%** | **Municipal Bond Obligations – 97.9%** | **Municipal Bond Obligations – 97.9%** | **Municipal Bond Obligations – 97.9%** |
| **Alabama<sup>(a)</sup> – 0.7%** | **Alabama<sup>(a)</sup> – 0.7%** | **Alabama<sup>(a)</sup> – 0.7%** | **Alabama<sup>(a)</sup> – 0.7%** |
| Special Care Facilities Financing Authority of the City of Pell City Alabama Revenue Bonds (Refunding – Noland Health Services Inc.) Series 2021 (A/NR) | Special Care Facilities Financing Authority of the City of Pell City Alabama Revenue Bonds (Refunding – Noland Health Services Inc.) Series 2021 (A/NR) | Special Care Facilities Financing Authority of the City of Pell City Alabama Revenue Bonds (Refunding – Noland Health Services Inc.) Series 2021 (A/NR) | Special Care Facilities Financing Authority of the City of Pell City Alabama Revenue Bonds (Refunding – Noland Health Services Inc.) Series 2021 (A/NR) |
| $2000000 | 5.000% | 12/01/31 | $2210194 |
| **Arizona<sup>(a)</sup> – 0.9%** | **Arizona<sup>(a)</sup> – 0.9%** | **Arizona<sup>(a)</sup> – 0.9%** | **Arizona<sup>(a)</sup> – 0.9%** |
| Arizona Industrial Development Authority Revenue Bonds<br>Series 2022 (A/NR) | Arizona Industrial Development Authority Revenue Bonds<br>Series 2022 (A/NR) | Arizona Industrial Development Authority Revenue Bonds<br>Series 2022 (A/NR) | Arizona Industrial Development Authority Revenue Bonds<br>Series 2022 (A/NR) |
| 2680000 | 4.000 | 11/01/40 | 2594700 |
| **Illinois<sup>(a)</sup> – 1.7%** | **Illinois<sup>(a)</sup> – 1.7%** | **Illinois<sup>(a)</sup> – 1.7%** | **Illinois<sup>(a)</sup> – 1.7%** |
| Illinois Housing Development Authority Revenue Bonds (Refunding Homeowner Mortgage) Series C (AA/Aa2) | Illinois Housing Development Authority Revenue Bonds (Refunding Homeowner Mortgage) Series C (AA/Aa2) | Illinois Housing Development Authority Revenue Bonds (Refunding Homeowner Mortgage) Series C (AA/Aa2) | Illinois Housing Development Authority Revenue Bonds (Refunding Homeowner Mortgage) Series C (AA/Aa2) |
| 3000000 | 2.900 | 08/01/31 | 2899859 |
| Woodford Lasalle Livingston Etc. Counties IL Community Unit School District GO Bonds Series A (AA/NR) | Woodford Lasalle Livingston Etc. Counties IL Community Unit School District GO Bonds Series A (AA/NR) | Woodford Lasalle Livingston Etc. Counties IL Community Unit School District GO Bonds Series A (AA/NR) | Woodford Lasalle Livingston Etc. Counties IL Community Unit School District GO Bonds Series A (AA/NR) |
| 500000 | 4.000 | 12/01/34 | 534158 |
| 500000 | 4.000 | 12/01/35 | 525958 |
| 500000 | 4.000 | 12/01/36 | 517824 |
| 515000 | 4.000 | 12/01/37 | 532910 |
|  |  |  | 5010709 |
| **Indiana – 2.3%** | **Indiana – 2.3%** | **Indiana – 2.3%** | **Indiana – 2.3%** |
| Carmel Redevelopment Authority Revenue Bonds Series 2022 (AA/NR)<sup>(a)</sup> | Carmel Redevelopment Authority Revenue Bonds Series 2022 (AA/NR)<sup>(a)</sup> | Carmel Redevelopment Authority Revenue Bonds Series 2022 (AA/NR)<sup>(a)</sup> | Carmel Redevelopment Authority Revenue Bonds Series 2022 (AA/NR)<sup>(a)</sup> |
| 3650000 | 3.000 | 07/15/40 | 3227606 |
| Shelbyville Redevelopment Authority Revenue Bonds<br>Series 2021 (A+/NR) | Shelbyville Redevelopment Authority Revenue Bonds<br>Series 2021 (A+/NR) | Shelbyville Redevelopment Authority Revenue Bonds<br>Series 2021 (A+/NR) | Shelbyville Redevelopment Authority Revenue Bonds<br>Series 2021 (A+/NR) |
| 505000 | 3.000 | 08/01/27 | 507737 |
| 860000 | 3.000 | 08/01/28 | 865135 |
| 500000 | 3.000 <sup>(a)</sup> | 08/01/33 | 497470 |
| Whitestown Redevelopment Authority (Lease Rental Multipurpose Refunding Revenue)- Series 2021 (AA+/NR)<sup>(a)</sup> | Whitestown Redevelopment Authority (Lease Rental Multipurpose Refunding Revenue)- Series 2021 (AA+/NR)<sup>(a)</sup> | Whitestown Redevelopment Authority (Lease Rental Multipurpose Refunding Revenue)- Series 2021 (AA+/NR)<sup>(a)</sup> | Whitestown Redevelopment Authority (Lease Rental Multipurpose Refunding Revenue)- Series 2021 (AA+/NR)<sup>(a)</sup> |
| 1575000 | 3.000 | 08/01/32 | 1606728 |
|  |  |  | 6704676 |
| **Kansas<sup>(a)</sup> – 0.5%** | **Kansas<sup>(a)</sup> – 0.5%** | **Kansas<sup>(a)</sup> – 0.5%** | **Kansas<sup>(a)</sup> – 0.5%** |
| Dickinson County KS Public Building Commission Revenue Bonds Series 2018 (AA-/NR) | Dickinson County KS Public Building Commission Revenue Bonds Series 2018 (AA-/NR) | Dickinson County KS Public Building Commission Revenue Bonds Series 2018 (AA-/NR) | Dickinson County KS Public Building Commission Revenue Bonds Series 2018 (AA-/NR) |
| 1280000 | 5.000 | 08/01/44 | 1410196 |
| **Maine<sup>(a)</sup> – 1.0%** | **Maine<sup>(a)</sup> – 1.0%** | **Maine<sup>(a)</sup> – 1.0%** | **Maine<sup>(a)</sup> – 1.0%** |
| Maine Governmental Facilities Authority Revenue Bonds Series A (AA-/Aa3) | Maine Governmental Facilities Authority Revenue Bonds Series A (AA-/Aa3) | Maine Governmental Facilities Authority Revenue Bonds Series A (AA-/Aa3) | Maine Governmental Facilities Authority Revenue Bonds Series A (AA-/Aa3) |
| 2640000 | 4.000 | 10/01/33 | 2817043 |
| **Michigan<sup>(a)</sup> – 1.0%** | **Michigan<sup>(a)</sup> – 1.0%** | **Michigan<sup>(a)</sup> – 1.0%** | **Michigan<sup>(a)</sup> – 1.0%** |
| Michigan State Housing Development Authority Revenue Bonds (Non-AMT) (Non-ACE) Series B (AA+/Aa2) | Michigan State Housing Development Authority Revenue Bonds (Non-AMT) (Non-ACE) Series B (AA+/Aa2) | Michigan State Housing Development Authority Revenue Bonds (Non-AMT) (Non-ACE) Series B (AA+/Aa2) | Michigan State Housing Development Authority Revenue Bonds (Non-AMT) (Non-ACE) Series B (AA+/Aa2) |
| 2920000 | 2.550 | 06/01/27 | 2869225 |
| **Missouri – 87.5%** | **Missouri – 87.5%** | **Missouri – 87.5%** | **Missouri – 87.5%** |
| Arnold MO Certificates of Participation (Refunding) Series 2019 (A+/NR)<sup>(a)</sup> | Arnold MO Certificates of Participation (Refunding) Series 2019 (A+/NR)<sup>(a)</sup> | Arnold MO Certificates of Participation (Refunding) Series 2019 (A+/NR)<sup>(a)</sup> | Arnold MO Certificates of Participation (Refunding) Series 2019 (A+/NR)<sup>(a)</sup> |
| 760000 | 4.000 | 08/15/28 | 807502 |
| 645000 | 4.000 | 08/15/29 | 684192 |
| 825000 | 4.000 | 08/15/30 | 874438 |
| 555000 | 4.000 | 08/15/31 | 587454 |
| Boone County MO R-1 Reorganized School District GO Bonds (Direct Deposit Program) Series R (AA+/NR)<sup>(a)</sup> | Boone County MO R-1 Reorganized School District GO Bonds (Direct Deposit Program) Series R (AA+/NR)<sup>(a)</sup> | Boone County MO R-1 Reorganized School District GO Bonds (Direct Deposit Program) Series R (AA+/NR)<sup>(a)</sup> | Boone County MO R-1 Reorganized School District GO Bonds (Direct Deposit Program) Series R (AA+/NR)<sup>(a)</sup> |
| 1150000 | 4.000 | 03/01/39 | 1215155 |
| 1000000 | 4.000 | 03/01/40 | 1052925 |
| 750000 | 4.000 | 03/01/41 | 788508 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** |
| **Missouri – (continued)** | **Missouri – (continued)** | **Missouri – (continued)** | **Missouri – (continued)** |
| Brentwood MO Certificates of Participation Series 2018<br>(AA-/NR)<sup>(a)</sup> | Brentwood MO Certificates of Participation Series 2018<br>(AA-/NR)<sup>(a)</sup> | Brentwood MO Certificates of Participation Series 2018<br>(AA-/NR)<sup>(a)</sup> | Brentwood MO Certificates of Participation Series 2018<br>(AA-/NR)<sup>(a)</sup> |
| $2070000 | 4.000% | 10/01/33 | $2151085 |
| 1655000 | 4.000 | 10/01/34 | 1716174 |
| Cape Girardeau County MO Reorganized School District No. R-2 GO Bonds (Kearney Direct Deposit Program) Series 2018 (AA+/NR)<sup>(a)</sup> | Cape Girardeau County MO Reorganized School District No. R-2 GO Bonds (Kearney Direct Deposit Program) Series 2018 (AA+/NR)<sup>(a)</sup> | Cape Girardeau County MO Reorganized School District No. R-2 GO Bonds (Kearney Direct Deposit Program) Series 2018 (AA+/NR)<sup>(a)</sup> | Cape Girardeau County MO Reorganized School District No. R-2 GO Bonds (Kearney Direct Deposit Program) Series 2018 (AA+/NR)<sup>(a)</sup> |
| 900000 | 4.000 | 03/01/31 | 959340 |
| 750000 | 4.000 | 03/01/37 | 770876 |
| Cape Girardeau County MO Reorganized School District No. R-2 GO Bonds (Refunding) Series 2022 (A+/NR) | Cape Girardeau County MO Reorganized School District No. R-2 GO Bonds (Refunding) Series 2022 (A+/NR) | Cape Girardeau County MO Reorganized School District No. R-2 GO Bonds (Refunding) Series 2022 (A+/NR) | Cape Girardeau County MO Reorganized School District No. R-2 GO Bonds (Refunding) Series 2022 (A+/NR) |
| 745000 | 4.000 | 03/01/26 | 779034 |
| 915000 | 4.000 | 03/01/28 | 979047 |
| City of Brentwood MO Certificates of Participation Series 2019 (AA-/NR)<sup>(a)</sup> | City of Brentwood MO Certificates of Participation Series 2019 (AA-/NR)<sup>(a)</sup> | City of Brentwood MO Certificates of Participation Series 2019 (AA-/NR)<sup>(a)</sup> | City of Brentwood MO Certificates of Participation Series 2019 (AA-/NR)<sup>(a)</sup> |
| 1415000 | 4.000 | 10/01/36 | 1450140 |
| 1735000 | 4.000 | 10/01/38 | 1752942 |
| City of Carthage MO Certificates of Participation Series 2022 (A+/NR)<sup>(a)</sup> | City of Carthage MO Certificates of Participation Series 2022 (A+/NR)<sup>(a)</sup> | City of Carthage MO Certificates of Participation Series 2022 (A+/NR)<sup>(a)</sup> | City of Carthage MO Certificates of Participation Series 2022 (A+/NR)<sup>(a)</sup> |
| 1145000 | 5.000 | 05/01/37 | 1235106 |
| City of Columbia MO Water & Electric System Revenue Bonds (Refunding) Series B (A+/NR)<sup>(a)</sup> | City of Columbia MO Water & Electric System Revenue Bonds (Refunding) Series B (A+/NR)<sup>(a)</sup> | City of Columbia MO Water & Electric System Revenue Bonds (Refunding) Series B (A+/NR)<sup>(a)</sup> | City of Columbia MO Water & Electric System Revenue Bonds (Refunding) Series B (A+/NR)<sup>(a)</sup> |
| 1850000 | 4.000 | 10/01/30 | 1968218 |
| City of Florissant MO Certificates of Participation (Refunding) Series 2021 (NR/Aa3)<sup>(a)</sup> | City of Florissant MO Certificates of Participation (Refunding) Series 2021 (NR/Aa3)<sup>(a)</sup> | City of Florissant MO Certificates of Participation (Refunding) Series 2021 (NR/Aa3)<sup>(a)</sup> | City of Florissant MO Certificates of Participation (Refunding) Series 2021 (NR/Aa3)<sup>(a)</sup> |
| 505000 | 3.000 | 10/01/30 | 521055 |
| 520000 | 3.000 | 10/01/31 | 532302 |
| 550000 | 3.000 | 10/01/33 | 557279 |
| 570000 | 3.000 | 10/01/34 | 573991 |
| City of Jennings MO Certificates of Participation Series 2021 (A-/NR)<sup>(a)</sup> | City of Jennings MO Certificates of Participation Series 2021 (A-/NR)<sup>(a)</sup> | City of Jennings MO Certificates of Participation Series 2021 (A-/NR)<sup>(a)</sup> | City of Jennings MO Certificates of Participation Series 2021 (A-/NR)<sup>(a)</sup> |
| 1095000 | 4.000 | 03/01/31 | 1148317 |
| 1230000 | 4.000 | 03/01/34 | 1281147 |
| 750000 | 4.000 | 03/01/37 | 764252 |
| 530000 | 4.000 | 03/01/40 | 534883 |
| City of Kansas City MO Special Obligation Revenue Bonds<br>Series 2021 (AA-/A2)<sup>(a)</sup> | City of Kansas City MO Special Obligation Revenue Bonds<br>Series 2021 (AA-/A2)<sup>(a)</sup> | City of Kansas City MO Special Obligation Revenue Bonds<br>Series 2021 (AA-/A2)<sup>(a)</sup> | City of Kansas City MO Special Obligation Revenue Bonds<br>Series 2021 (AA-/A2)<sup>(a)</sup> |
| 1000000 | 5.000 | 04/01/35 | 1136162 |
| 760000 | 5.000 | 04/01/36 | 853595 |
| 1435000 | 5.000 | 04/01/37 | 1597020 |
| City of Republic MO Revenue Bonds Series 2022 (A+/NR)<sup>(a)</sup> | City of Republic MO Revenue Bonds Series 2022 (A+/NR)<sup>(a)</sup> | City of Republic MO Revenue Bonds Series 2022 (A+/NR)<sup>(a)</sup> | City of Republic MO Revenue Bonds Series 2022 (A+/NR)<sup>(a)</sup> |
| 920000 | 4.000 | 05/01/34 | 989162 |
| 640000 | 4.000 | 05/01/35 | 676953 |
| 685000 | 4.000 | 05/01/36 | 719176 |
| Clay County MO Public School District No. 53 Liberty GO Bonds (Refunding) Series 2016 (AA/NR)<sup>(a)</sup> | Clay County MO Public School District No. 53 Liberty GO Bonds (Refunding) Series 2016 (AA/NR)<sup>(a)</sup> | Clay County MO Public School District No. 53 Liberty GO Bonds (Refunding) Series 2016 (AA/NR)<sup>(a)</sup> | Clay County MO Public School District No. 53 Liberty GO Bonds (Refunding) Series 2016 (AA/NR)<sup>(a)</sup> |
| 1000000 | 4.000 | 03/01/34 | 1033374 |
| 1000000 | 4.000 | 03/01/35 | 1027975 |
| Clay County MO Public School District No. 53 Liberty GO Bonds Series 2018 (AA/NR)<sup>(a)</sup> | Clay County MO Public School District No. 53 Liberty GO Bonds Series 2018 (AA/NR)<sup>(a)</sup> | Clay County MO Public School District No. 53 Liberty GO Bonds Series 2018 (AA/NR)<sup>(a)</sup> | Clay County MO Public School District No. 53 Liberty GO Bonds Series 2018 (AA/NR)<sup>(a)</sup> |
| 1000000 | 4.000 | 03/01/33 | 1037006 |
| 1000000 | 4.000 | 03/01/34 | 1033374 |
| Columbia MO Water & Electric Revenue Bonds (Refunding & Improvement System) Series 2015 (A+/NR)<sup>(a)</sup> | Columbia MO Water & Electric Revenue Bonds (Refunding & Improvement System) Series 2015 (A+/NR)<sup>(a)</sup> | Columbia MO Water & Electric Revenue Bonds (Refunding & Improvement System) Series 2015 (A+/NR)<sup>(a)</sup> | Columbia MO Water & Electric Revenue Bonds (Refunding & Improvement System) Series 2015 (A+/NR)<sup>(a)</sup> |
| 500000 | 4.000 | 10/01/42 | 500423 |
| County of Barry MO Certificate of Participation Series 2023 (NR/A3) | County of Barry MO Certificate of Participation Series 2023 (NR/A3) | County of Barry MO Certificate of Participation Series 2023 (NR/A3) | County of Barry MO Certificate of Participation Series 2023 (NR/A3) |
| 640000 | 5.000 | 10/01/29 | 706479 |
| 670000 | 5.000 | 10/01/30 | 746912 |
| 705000 | 5.000 | 10/01/31 | 793038 |
| 740000 | 5.000 <sup>(a)</sup> | 10/01/32 | 829209 |
| County of Cole MO Reorganized School District No. 2 GO Series 2019 (AA+/NR)<sup>(a)</sup> | County of Cole MO Reorganized School District No. 2 GO Series 2019 (AA+/NR)<sup>(a)</sup> | County of Cole MO Reorganized School District No. 2 GO Series 2019 (AA+/NR)<sup>(a)</sup> | County of Cole MO Reorganized School District No. 2 GO Series 2019 (AA+/NR)<sup>(a)</sup> |
| 3370000 | 5.000 | 03/01/36 | 3528794 |

---

------

THE MISSOURI TAX-FREE INTERMEDIATE BOND FUND

## Schedule of Investments (continued)
*January 31, 2023 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** |
| **Missouri – (continued)** | **Missouri – (continued)** | **Missouri – (continued)** | **Missouri – (continued)** |
| County of Franklin MO Certificates of Participation (Refunding) Series B (A+/NR) | County of Franklin MO Certificates of Participation (Refunding) Series B (A+/NR) | County of Franklin MO Certificates of Participation (Refunding) Series B (A+/NR) | County of Franklin MO Certificates of Participation (Refunding) Series B (A+/NR) |
| $1075000 | 4.000% | 04/01/27 | $1139293 |
| 1100000 | 4.000 <sup>(a)</sup> | 04/01/28 | 1162631 |
| County of Greene MO Certificate of Participation Series 2018 (NR/Aa2)<sup>(a)</sup> | County of Greene MO Certificate of Participation Series 2018 (NR/Aa2)<sup>(a)</sup> | County of Greene MO Certificate of Participation Series 2018 (NR/Aa2)<sup>(a)</sup> | County of Greene MO Certificate of Participation Series 2018 (NR/Aa2)<sup>(a)</sup> |
| 1000000 | 4.000 | 09/01/31 | 1070879 |
| Fenton MO Fire Protection District GO Bonds Series 2019 (AA+/NR)<sup>(a)</sup> | Fenton MO Fire Protection District GO Bonds Series 2019 (AA+/NR)<sup>(a)</sup> | Fenton MO Fire Protection District GO Bonds Series 2019 (AA+/NR)<sup>(a)</sup> | Fenton MO Fire Protection District GO Bonds Series 2019 (AA+/NR)<sup>(a)</sup> |
| 1150000 | 4.000 | 03/01/32 | 1212888 |
| 1200000 | 4.000 | 03/01/33 | 1262208 |
| 625000 | 4.000 | 03/01/34 | 654558 |
| Festus MO School District No. R-VI Lease Certificates of Participation (School District Project) Series 2019 (A+/NR) | Festus MO School District No. R-VI Lease Certificates of Participation (School District Project) Series 2019 (A+/NR) | Festus MO School District No. R-VI Lease Certificates of Participation (School District Project) Series 2019 (A+/NR) | Festus MO School District No. R-VI Lease Certificates of Participation (School District Project) Series 2019 (A+/NR) |
| 700000 | 5.000 | 04/01/28 | 785934 |
| 830000 | 5.000 <sup>(a)</sup> | 04/01/30 | 951902 |
| 905000 | 5.000 <sup>(a)</sup> | 04/01/31 | 1039185 |
| Great Rivers Greenway Metropolitan Park & Recreation District (Gateway Arch Project) Series A (A+/NR)<sup>(a)</sup> | Great Rivers Greenway Metropolitan Park & Recreation District (Gateway Arch Project) Series A (A+/NR)<sup>(a)</sup> | Great Rivers Greenway Metropolitan Park & Recreation District (Gateway Arch Project) Series A (A+/NR)<sup>(a)</sup> | Great Rivers Greenway Metropolitan Park & Recreation District (Gateway Arch Project) Series A (A+/NR)<sup>(a)</sup> |
| 715000 | 4.000 | 12/30/32 | 788592 |
| 1780000 | 3.000 | 12/30/33 | 1760562 |
| Greene County MO Certificates of Participation Series 2018 (NR/Aa2)<sup>(a)</sup> | Greene County MO Certificates of Participation Series 2018 (NR/Aa2)<sup>(a)</sup> | Greene County MO Certificates of Participation Series 2018 (NR/Aa2)<sup>(a)</sup> | Greene County MO Certificates of Participation Series 2018 (NR/Aa2)<sup>(a)</sup> |
| 1130000 | 5.000 | 09/01/36 | 1252301 |
| 1000000 | 5.000 | 09/01/37 | 1103118 |
| Greene County MO Reorganized School District No. R-2 GO Bonds Series 2018 (Liberty School Building Direct Deposit Program) (AA+/NR)<sup>(a)</sup> | Greene County MO Reorganized School District No. R-2 GO Bonds Series 2018 (Liberty School Building Direct Deposit Program) (AA+/NR)<sup>(a)</sup> | Greene County MO Reorganized School District No. R-2 GO Bonds Series 2018 (Liberty School Building Direct Deposit Program) (AA+/NR)<sup>(a)</sup> | Greene County MO Reorganized School District No. R-2 GO Bonds Series 2018 (Liberty School Building Direct Deposit Program) (AA+/NR)<sup>(a)</sup> |
| 875000 | 5.000 | 03/01/38 | 941847 |
| Greene County MO Reorganized School District No. R-3 GO Bonds Series B (Direct Deposit Program) (AA+/NR)<sup>(a)</sup> | Greene County MO Reorganized School District No. R-3 GO Bonds Series B (Direct Deposit Program) (AA+/NR)<sup>(a)</sup> | Greene County MO Reorganized School District No. R-3 GO Bonds Series B (Direct Deposit Program) (AA+/NR)<sup>(a)</sup> | Greene County MO Reorganized School District No. R-3 GO Bonds Series B (Direct Deposit Program) (AA+/NR)<sup>(a)</sup> |
| 905000 | 4.000 | 03/01/30 | 955542 |
| 985000 | 4.000 | 03/01/32 | 1036911 |
| Greenwood MO GO Build America Bonds Taxable Series B (AA-/NR)<sup>(a)</sup> | Greenwood MO GO Build America Bonds Taxable Series B (AA-/NR)<sup>(a)</sup> | Greenwood MO GO Build America Bonds Taxable Series B (AA-/NR)<sup>(a)</sup> | Greenwood MO GO Build America Bonds Taxable Series B (AA-/NR)<sup>(a)</sup> |
| 270000 | 5.625 | 03/01/25 | 270222 |
| Hannibal MO Industrial Development Authority Revenue Bonds (Hannibal Regional Hospital Healthcare System, Inc.) Series 2017 (BBB+/NR)<sup>(a)</sup> | Hannibal MO Industrial Development Authority Revenue Bonds (Hannibal Regional Hospital Healthcare System, Inc.) Series 2017 (BBB+/NR)<sup>(a)</sup> | Hannibal MO Industrial Development Authority Revenue Bonds (Hannibal Regional Hospital Healthcare System, Inc.) Series 2017 (BBB+/NR)<sup>(a)</sup> | Hannibal MO Industrial Development Authority Revenue Bonds (Hannibal Regional Hospital Healthcare System, Inc.) Series 2017 (BBB+/NR)<sup>(a)</sup> |
| 3225000 | 5.000 | 10/01/37 | 3365633 |
| Hazelwood School District GO Bonds (Refunding) Series 2023 (AA/NR)<sup>(a)</sup> | Hazelwood School District GO Bonds (Refunding) Series 2023 (AA/NR)<sup>(a)</sup> | Hazelwood School District GO Bonds (Refunding) Series 2023 (AA/NR)<sup>(a)</sup> | Hazelwood School District GO Bonds (Refunding) Series 2023 (AA/NR)<sup>(a)</sup> |
| 2750000 | 5.000 | 03/01/42 | 3067500 |
| Health & Educational Facilities Authority of the State of Missouri (Refunding) Series 2021 (BBB+/NR)<sup>(a)</sup> | Health & Educational Facilities Authority of the State of Missouri (Refunding) Series 2021 (BBB+/NR)<sup>(a)</sup> | Health & Educational Facilities Authority of the State of Missouri (Refunding) Series 2021 (BBB+/NR)<sup>(a)</sup> | Health & Educational Facilities Authority of the State of Missouri (Refunding) Series 2021 (BBB+/NR)<sup>(a)</sup> |
| 350000 | 4.000 | 02/15/34 | 356320 |
| 400000 | 4.000 | 02/15/35 | 402076 |
| 580000 | 4.000 | 02/15/36 | 574909 |
| 700000 | 4.000 | 02/15/37 | 683376 |
| Health & Educational Facilities Authority of the State of Missouri Health Facilities Revenue Bonds (SSM Health) Series A (A+/WR) | Health & Educational Facilities Authority of the State of Missouri Health Facilities Revenue Bonds (SSM Health) Series A (A+/WR) | Health & Educational Facilities Authority of the State of Missouri Health Facilities Revenue Bonds (SSM Health) Series A (A+/WR) | Health & Educational Facilities Authority of the State of Missouri Health Facilities Revenue Bonds (SSM Health) Series A (A+/WR) |
| 500000 | 5.000 | 06/01/25 | 526312 |
| 500000 | 5.000 <sup>(a)</sup> | 06/01/34 | 581738 |
| Independence MO School District (Refunding) (Direct Deposit Program) Series 2016 (AA+/NR)<sup>(a)</sup> | Independence MO School District (Refunding) (Direct Deposit Program) Series 2016 (AA+/NR)<sup>(a)</sup> | Independence MO School District (Refunding) (Direct Deposit Program) Series 2016 (AA+/NR)<sup>(a)</sup> | Independence MO School District (Refunding) (Direct Deposit Program) Series 2016 (AA+/NR)<sup>(a)</sup> |
| 1500000 | 4.000 | 03/01/30 | 1564029 |
| Independence MO School District GO Bonds (Direct Deposit Program) Series 2021 (AA+/NR)<sup>(a)</sup> | Independence MO School District GO Bonds (Direct Deposit Program) Series 2021 (AA+/NR)<sup>(a)</sup> | Independence MO School District GO Bonds (Direct Deposit Program) Series 2021 (AA+/NR)<sup>(a)</sup> | Independence MO School District GO Bonds (Direct Deposit Program) Series 2021 (AA+/NR)<sup>(a)</sup> |
| 1500000 | 3.250 | 03/01/38 | 1465556 |
| Independence MO School District Lease Certificates of Participation (Refunding) Series 2016 (A+/NR)<sup>(a)</sup> | Independence MO School District Lease Certificates of Participation (Refunding) Series 2016 (A+/NR)<sup>(a)</sup> | Independence MO School District Lease Certificates of Participation (Refunding) Series 2016 (A+/NR)<sup>(a)</sup> | Independence MO School District Lease Certificates of Participation (Refunding) Series 2016 (A+/NR)<sup>(a)</sup> |
| 960000 | 3.000 | 04/01/26 | 964698 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** |
| **Missouri – (continued)** | **Missouri – (continued)** | **Missouri – (continued)** | **Missouri – (continued)** |
| Jackson County MO Reorganized School District No. 7 Certificates of Participation Series 2016 (AA/NR) | Jackson County MO Reorganized School District No. 7 Certificates of Participation Series 2016 (AA/NR) | Jackson County MO Reorganized School District No. 7 Certificates of Participation Series 2016 (AA/NR) | Jackson County MO Reorganized School District No. 7 Certificates of Participation Series 2016 (AA/NR) |
| $500000 | 4.000% | 05/01/24 | $508220 |
| 700000 | 4.000 <sup>(a)</sup> | 05/01/27 | 730713 |
| 630000 | 4.000 <sup>(a)</sup> | 05/01/29 | 657625 |
| 675000 | 4.000 <sup>(a)</sup> | 05/01/30 | 704479 |
| Jackson County MO Reorganized School District No. 7 GO Bonds (Refunding) (AA+/NR)<sup>(a)</sup> | Jackson County MO Reorganized School District No. 7 GO Bonds (Refunding) (AA+/NR)<sup>(a)</sup> | Jackson County MO Reorganized School District No. 7 GO Bonds (Refunding) (AA+/NR)<sup>(a)</sup> | Jackson County MO Reorganized School District No. 7 GO Bonds (Refunding) (AA+/NR)<sup>(a)</sup> |
| 840000 | 4.000 | 03/01/28 | 891158 |
| 580000 | 4.000 | 03/01/30 | 612391 |
| Jackson County MO Reorganized School District No.4 Blue Springs GO Bonds (Direct Deposit Program) Series A (AA+/NR)<sup>(a)</sup> | Jackson County MO Reorganized School District No.4 Blue Springs GO Bonds (Direct Deposit Program) Series A (AA+/NR)<sup>(a)</sup> | Jackson County MO Reorganized School District No.4 Blue Springs GO Bonds (Direct Deposit Program) Series A (AA+/NR)<sup>(a)</sup> | Jackson County MO Reorganized School District No.4 Blue Springs GO Bonds (Direct Deposit Program) Series A (AA+/NR)<sup>(a)</sup> |
| 1000000 | 5.500 | 03/01/35 | 1157577 |
| 1000000 | 5.500 | 03/01/36 | 1149310 |
| Jackson County MO School District Hickman Mills C-1 Certificates of Participation (Energy Conservation Project)<br>Series 2015 (BBB+/NR)<sup>(a)</sup> | Jackson County MO School District Hickman Mills C-1 Certificates of Participation (Energy Conservation Project)<br>Series 2015 (BBB+/NR)<sup>(a)</sup> | Jackson County MO School District Hickman Mills C-1 Certificates of Participation (Energy Conservation Project)<br>Series 2015 (BBB+/NR)<sup>(a)</sup> | Jackson County MO School District Hickman Mills C-1 Certificates of Participation (Energy Conservation Project)<br>Series 2015 (BBB+/NR)<sup>(a)</sup> |
| 475000 | 3.000 | 04/15/28 | 468383 |
| 575000 | 3.250 | 04/15/30 | 571581 |
| 550000 | 3.300 | 04/15/31 | 545197 |
| 700000 | 3.375 | 04/15/32 | 693117 |
| Jackson County MO School District Hickman Mills C-1 GO Bonds (Refunding) Series 2020 (AA+/NR) | Jackson County MO School District Hickman Mills C-1 GO Bonds (Refunding) Series 2020 (AA+/NR) | Jackson County MO School District Hickman Mills C-1 GO Bonds (Refunding) Series 2020 (AA+/NR) | Jackson County MO School District Hickman Mills C-1 GO Bonds (Refunding) Series 2020 (AA+/NR) |
| 100000 | 3.000 | 03/01/27 | 102187 |
| 200000 | 4.000 <sup>(a)</sup> | 03/01/30 | 212852 |
| 165000 | 4.000 <sup>(a)</sup> | 03/01/31 | 175394 |
| 180000 | 4.000 <sup>(a)</sup> | 03/01/32 | 191045 |
| 200000 | 4.000 <sup>(a)</sup> | 03/01/33 | 211865 |
| Jackson County MO School District No. 58 GO Bonds Series B (NR/A1)<sup>(a)</sup> | Jackson County MO School District No. 58 GO Bonds Series B (NR/A1)<sup>(a)</sup> | Jackson County MO School District No. 58 GO Bonds Series B (NR/A1)<sup>(a)</sup> | Jackson County MO School District No. 58 GO Bonds Series B (NR/A1)<sup>(a)</sup> |
| 1365000 | 4.000 | 03/01/28 | 1449043 |
| Jackson County MO Special Obligation Revenue Bonds (Right of Way Project) (NR/Aa3)<sup>(a)</sup> | Jackson County MO Special Obligation Revenue Bonds (Right of Way Project) (NR/Aa3)<sup>(a)</sup> | Jackson County MO Special Obligation Revenue Bonds (Right of Way Project) (NR/Aa3)<sup>(a)</sup> | Jackson County MO Special Obligation Revenue Bonds (Right of Way Project) (NR/Aa3)<sup>(a)</sup> |
| 1345000 | 4.000 | 12/01/26 | 1405739 |
| 1455000 | 4.000 | 12/01/28 | 1522211 |
| Jackson County MO Special Obligation Revenue Bonds (Truman Medical Center Projects) (NR/Aa2)<sup>(a)</sup> | Jackson County MO Special Obligation Revenue Bonds (Truman Medical Center Projects) (NR/Aa2)<sup>(a)</sup> | Jackson County MO Special Obligation Revenue Bonds (Truman Medical Center Projects) (NR/Aa2)<sup>(a)</sup> | Jackson County MO Special Obligation Revenue Bonds (Truman Medical Center Projects) (NR/Aa2)<sup>(a)</sup> |
| 595000 | 4.250 | 12/01/23 | 595890 |
| Jasper County MO Reorganized School District No. R-9 Carthage GO Bonds (Refunding) Series B (AA+/NR)<sup>(a)</sup> | Jasper County MO Reorganized School District No. R-9 Carthage GO Bonds (Refunding) Series B (AA+/NR)<sup>(a)</sup> | Jasper County MO Reorganized School District No. R-9 Carthage GO Bonds (Refunding) Series B (AA+/NR)<sup>(a)</sup> | Jasper County MO Reorganized School District No. R-9 Carthage GO Bonds (Refunding) Series B (AA+/NR)<sup>(a)</sup> |
| 675000 | 4.000 | 03/01/31 | 727599 |
| 1575000 | 4.000 | 03/01/32 | 1695580 |
| Jefferson City MO School District Certificate of Participation Series 2021 (A+/NR)<sup>(a)</sup> | Jefferson City MO School District Certificate of Participation Series 2021 (A+/NR)<sup>(a)</sup> | Jefferson City MO School District Certificate of Participation Series 2021 (A+/NR)<sup>(a)</sup> | Jefferson City MO School District Certificate of Participation Series 2021 (A+/NR)<sup>(a)</sup> |
| 1220000 | 4.000 | 04/01/35 | 1281422 |
| Jefferson City MO School District GO Bonds (Direct Deposit Program) Series 2017 (AA+/NR)<sup>(a)</sup> | Jefferson City MO School District GO Bonds (Direct Deposit Program) Series 2017 (AA+/NR)<sup>(a)</sup> | Jefferson City MO School District GO Bonds (Direct Deposit Program) Series 2017 (AA+/NR)<sup>(a)</sup> | Jefferson City MO School District GO Bonds (Direct Deposit Program) Series 2017 (AA+/NR)<sup>(a)</sup> |
| 15000 | 4.000 | 03/01/30 | 15640 |
| Jefferson City MO School District GO Bonds (Direct Deposit Program) Series 2018 (AA+/NR)<sup>(a)</sup> | Jefferson City MO School District GO Bonds (Direct Deposit Program) Series 2018 (AA+/NR)<sup>(a)</sup> | Jefferson City MO School District GO Bonds (Direct Deposit Program) Series 2018 (AA+/NR)<sup>(a)</sup> | Jefferson City MO School District GO Bonds (Direct Deposit Program) Series 2018 (AA+/NR)<sup>(a)</sup> |
| 1525000 | 4.000 | 03/01/29 | 1614331 |
| Jefferson County School District No R-VI Festus Certificate of Participation (Refunding)Series 2021 (A+/NR)<sup>(a)</sup> | Jefferson County School District No R-VI Festus Certificate of Participation (Refunding)Series 2021 (A+/NR)<sup>(a)</sup> | Jefferson County School District No R-VI Festus Certificate of Participation (Refunding)Series 2021 (A+/NR)<sup>(a)</sup> | Jefferson County School District No R-VI Festus Certificate of Participation (Refunding)Series 2021 (A+/NR)<sup>(a)</sup> |
| 585000 | 3.000 | 04/01/29 | 590840 |
| 605000 | 3.000 | 04/01/30 | 609045 |
| 420000 | 3.000 | 04/01/31 | 422799 |
| 460000 | 3.000 | 04/01/33 | 456362 |
| Joplin MO Industrial Development Authority Health Facilities Revenue Bonds (Refunding-Freeman Health System Project)<br>Series 2014 (A+/NR)<sup>(a)</sup> | Joplin MO Industrial Development Authority Health Facilities Revenue Bonds (Refunding-Freeman Health System Project)<br>Series 2014 (A+/NR)<sup>(a)</sup> | Joplin MO Industrial Development Authority Health Facilities Revenue Bonds (Refunding-Freeman Health System Project)<br>Series 2014 (A+/NR)<sup>(a)</sup> | Joplin MO Industrial Development Authority Health Facilities Revenue Bonds (Refunding-Freeman Health System Project)<br>Series 2014 (A+/NR)<sup>(a)</sup> |
| 1895000 | 5.000 | 02/15/27 | 1936989 |
| Joplin MO Industrial Development Authority Health Facilities Revenue Bonds (Taxable-Refunding-Freeman Health System Project) Series B (A+/NR) | Joplin MO Industrial Development Authority Health Facilities Revenue Bonds (Taxable-Refunding-Freeman Health System Project) Series B (A+/NR) | Joplin MO Industrial Development Authority Health Facilities Revenue Bonds (Taxable-Refunding-Freeman Health System Project) Series B (A+/NR) | Joplin MO Industrial Development Authority Health Facilities Revenue Bonds (Taxable-Refunding-Freeman Health System Project) Series B (A+/NR) |
| 480000 | 2.200 | 02/15/23 | 479609 |

---

------

THE MISSOURI TAX-FREE INTERMEDIATE BOND FUND

*January 31, 2023 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** |
| **Missouri – (continued)** | **Missouri – (continued)** | **Missouri – (continued)** | **Missouri – (continued)** |
| Joplin MO Industrial Development Authority Health Facilities Revenue Bonds (Taxable-Refunding-Freeman Health System Project) Series B (A+/NR) (continued) | Joplin MO Industrial Development Authority Health Facilities Revenue Bonds (Taxable-Refunding-Freeman Health System Project) Series B (A+/NR) (continued) | Joplin MO Industrial Development Authority Health Facilities Revenue Bonds (Taxable-Refunding-Freeman Health System Project) Series B (A+/NR) (continued) | Joplin MO Industrial Development Authority Health Facilities Revenue Bonds (Taxable-Refunding-Freeman Health System Project) Series B (A+/NR) (continued) |
| $450000 | 2.318% | 02/15/24 | $439214 |
| 500000 | 2.378 | 02/15/25 | 478053 |
| 1020000 | 2.558 | 02/15/26 | 961104 |
| 815000 | 2.844 | 02/15/28 | 749676 |
| 825000 | 2.894 | 02/15/29 | 747706 |
| Joplin MO Schools GO Buildings – Series 2020 (AA+/NR)<sup>(a)</sup> | Joplin MO Schools GO Buildings – Series 2020 (AA+/NR)<sup>(a)</sup> | Joplin MO Schools GO Buildings – Series 2020 (AA+/NR)<sup>(a)</sup> | Joplin MO Schools GO Buildings – Series 2020 (AA+/NR)<sup>(a)</sup> |
| 3285000 | 3.000 | 03/01/35 | 3260445 |
| Kansas City MO Industrial Development Authority Apartments Special Obligation Revenue Bonds(Kansas City International Apartments Terminal Modified Project) Series 2020 (A-/A2) | Kansas City MO Industrial Development Authority Apartments Special Obligation Revenue Bonds(Kansas City International Apartments Terminal Modified Project) Series 2020 (A-/A2) | Kansas City MO Industrial Development Authority Apartments Special Obligation Revenue Bonds(Kansas City International Apartments Terminal Modified Project) Series 2020 (A-/A2) | Kansas City MO Industrial Development Authority Apartments Special Obligation Revenue Bonds(Kansas City International Apartments Terminal Modified Project) Series 2020 (A-/A2) |
| 2000000 | 5.000 | 03/01/30 | 2233159 |
| Kansas City MO Industrial Development Authority Apartments Special Obligation Revenue Bonds(Kansas City International Apartments Terminal Modified Project) Series B (A-/A2)<sup>(a)</sup> | Kansas City MO Industrial Development Authority Apartments Special Obligation Revenue Bonds(Kansas City International Apartments Terminal Modified Project) Series B (A-/A2)<sup>(a)</sup> | Kansas City MO Industrial Development Authority Apartments Special Obligation Revenue Bonds(Kansas City International Apartments Terminal Modified Project) Series B (A-/A2)<sup>(a)</sup> | Kansas City MO Industrial Development Authority Apartments Special Obligation Revenue Bonds(Kansas City International Apartments Terminal Modified Project) Series B (A-/A2)<sup>(a)</sup> |
| 1275000 | 4.000 | 03/01/34 | 1340305 |
| Kansas City MO Industrial Development Authority Apartments Special Obligation Revenue Bonds(Kansas City International Apartments Terminal Modified Project) Series B (A-/A2) | Kansas City MO Industrial Development Authority Apartments Special Obligation Revenue Bonds(Kansas City International Apartments Terminal Modified Project) Series B (A-/A2) | Kansas City MO Industrial Development Authority Apartments Special Obligation Revenue Bonds(Kansas City International Apartments Terminal Modified Project) Series B (A-/A2) | Kansas City MO Industrial Development Authority Apartments Special Obligation Revenue Bonds(Kansas City International Apartments Terminal Modified Project) Series B (A-/A2) |
| 2540000 | 5.000 | 03/01/28 | 2762309 |
| 1370000 | 5.000 | 03/01/29 | 1510718 |
| Kansas City MO Industrial Development Authority Revenue Bonds (Refunding & Downtown Redevelopment District)<br>Series A (AA-/A2)<sup>(a)</sup> | Kansas City MO Industrial Development Authority Revenue Bonds (Refunding & Downtown Redevelopment District)<br>Series A (AA-/A2)<sup>(a)</sup> | Kansas City MO Industrial Development Authority Revenue Bonds (Refunding & Downtown Redevelopment District)<br>Series A (AA-/A2)<sup>(a)</sup> | Kansas City MO Industrial Development Authority Revenue Bonds (Refunding & Downtown Redevelopment District)<br>Series A (AA-/A2)<sup>(a)</sup> |
| 2130000 | 5.500 | 09/01/29 | 2135771 |
| Kansas City MO Sanitary Sewer System Revenue Bonds (Refunding) Series A (AA/Aa2)<sup>(a)</sup> | Kansas City MO Sanitary Sewer System Revenue Bonds (Refunding) Series A (AA/Aa2)<sup>(a)</sup> | Kansas City MO Sanitary Sewer System Revenue Bonds (Refunding) Series A (AA/Aa2)<sup>(a)</sup> | Kansas City MO Sanitary Sewer System Revenue Bonds (Refunding) Series A (AA/Aa2)<sup>(a)</sup> |
| 1895000 | 4.000 | 01/01/33 | 1940956 |
| Kansas City MO Special Obligation Revenue Bonds (Refunding) Series C (AA-/A2) | Kansas City MO Special Obligation Revenue Bonds (Refunding) Series C (AA-/A2) | Kansas City MO Special Obligation Revenue Bonds (Refunding) Series C (AA-/A2) | Kansas City MO Special Obligation Revenue Bonds (Refunding) Series C (AA-/A2) |
| 1000000 | 5.000 | 09/01/27 | 1118694 |
| 1000000 | 5.000 <sup>(a)</sup> | 09/01/31 | 1109533 |
| Liberty MO Public School District No. 53 Lease Participation Certificates (Refunding) (School Board Association) Series 2016 (AA-/NR)<sup>(a)</sup> | Liberty MO Public School District No. 53 Lease Participation Certificates (Refunding) (School Board Association) Series 2016 (AA-/NR)<sup>(a)</sup> | Liberty MO Public School District No. 53 Lease Participation Certificates (Refunding) (School Board Association) Series 2016 (AA-/NR)<sup>(a)</sup> | Liberty MO Public School District No. 53 Lease Participation Certificates (Refunding) (School Board Association) Series 2016 (AA-/NR)<sup>(a)</sup> |
| 1040000 | 3.000 | 04/01/27 | 1045520 |
| Maplewood Richmond Heights Mosch District GO Bonds (Refunding) Series 2019 (AA-/NR)<sup>(a)</sup> | Maplewood Richmond Heights Mosch District GO Bonds (Refunding) Series 2019 (AA-/NR)<sup>(a)</sup> | Maplewood Richmond Heights Mosch District GO Bonds (Refunding) Series 2019 (AA-/NR)<sup>(a)</sup> | Maplewood Richmond Heights Mosch District GO Bonds (Refunding) Series 2019 (AA-/NR)<sup>(a)</sup> |
| 940000 | 4.000 | 03/01/28 | 1001394 |
| 500000 | 4.000 | 03/01/30 | 530917 |
| Missouri Development Finance Board Infrastructure Facilities Refunding Revenue Bonds (City Of Independence) Series C (AA/NR)<sup>(a)</sup> | Missouri Development Finance Board Infrastructure Facilities Refunding Revenue Bonds (City Of Independence) Series C (AA/NR)<sup>(a)</sup> | Missouri Development Finance Board Infrastructure Facilities Refunding Revenue Bonds (City Of Independence) Series C (AA/NR)<sup>(a)</sup> | Missouri Development Finance Board Infrastructure Facilities Refunding Revenue Bonds (City Of Independence) Series C (AA/NR)<sup>(a)</sup> |
| 2500000 | 5.000 | 06/01/33 | 2963352 |
| Missouri Development Finance Board Revenue Bonds (Sant Louis Zoo Projects) Series 2022 (AA-/A1)<sup>(a)</sup> | Missouri Development Finance Board Revenue Bonds (Sant Louis Zoo Projects) Series 2022 (AA-/A1)<sup>(a)</sup> | Missouri Development Finance Board Revenue Bonds (Sant Louis Zoo Projects) Series 2022 (AA-/A1)<sup>(a)</sup> | Missouri Development Finance Board Revenue Bonds (Sant Louis Zoo Projects) Series 2022 (AA-/A1)<sup>(a)</sup> |
| 1000000 | 5.250 | 05/01/36 | 1158072 |
| 1100000 | 5.250 | 05/01/37 | 1261292 |
| Missouri Joint Municipal Electric Utility Commission Revenue Bonds Series 2022 (NR/A2)<sup>(a)</sup> | Missouri Joint Municipal Electric Utility Commission Revenue Bonds Series 2022 (NR/A2)<sup>(a)</sup> | Missouri Joint Municipal Electric Utility Commission Revenue Bonds Series 2022 (NR/A2)<sup>(a)</sup> | Missouri Joint Municipal Electric Utility Commission Revenue Bonds Series 2022 (NR/A2)<sup>(a)</sup> |
| 500000 | 5.250 | 12/01/41 | 557355 |
| 500000 | 5.250 | 12/01/42 | 556200 |
| Missouri MO Development Finance Board Revenue Bond (City of Independence Missouri Events Center Project) (Refunding) Series 2021 (A-/NR) | Missouri MO Development Finance Board Revenue Bond (City of Independence Missouri Events Center Project) (Refunding) Series 2021 (A-/NR) | Missouri MO Development Finance Board Revenue Bond (City of Independence Missouri Events Center Project) (Refunding) Series 2021 (A-/NR) | Missouri MO Development Finance Board Revenue Bond (City of Independence Missouri Events Center Project) (Refunding) Series 2021 (A-/NR) |
| 895000 | 4.000 | 04/01/31 | 961058 |
| 990000 | 4.000 <sup>(a)</sup> | 04/01/32 | 1059853 |
| 1095000 | 4.000 <sup>(a)</sup> | 04/01/33 | 1164673 |
| Missouri School Board Association Lease Certificates of Participation for Liberty Public School District No. 53<br>(AA-/NR)<sup>(a)</sup> | Missouri School Board Association Lease Certificates of Participation for Liberty Public School District No. 53<br>(AA-/NR)<sup>(a)</sup> | Missouri School Board Association Lease Certificates of Participation for Liberty Public School District No. 53<br>(AA-/NR)<sup>(a)</sup> | Missouri School Board Association Lease Certificates of Participation for Liberty Public School District No. 53<br>(AA-/NR)<sup>(a)</sup> |
| 400000 | 4.000 | 04/01/28 | 400602 |
| 425000 | 5.000 | 04/01/31 | 425836 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** |
| **Missouri – (continued)** | **Missouri – (continued)** | **Missouri – (continued)** | **Missouri – (continued)** |
| Missouri School Board Association Lease Certificates of Participation for Liberty Public School District No. 53 (AA-/NR)<sup>(a)</sup> (continued) | Missouri School Board Association Lease Certificates of Participation for Liberty Public School District No. 53 (AA-/NR)<sup>(a)</sup> (continued) | Missouri School Board Association Lease Certificates of Participation for Liberty Public School District No. 53 (AA-/NR)<sup>(a)</sup> (continued) | Missouri School Board Association Lease Certificates of Participation for Liberty Public School District No. 53 (AA-/NR)<sup>(a)</sup> (continued) |
| $475000 | 5.000% | 04/01/32 | $475939 |
| 500000 | 5.000 | 04/01/33 | 500997 |
| 500000 | 5.000 | 04/01/34 | 501023 |
| Missouri State Board of Public Buildings Special Obligation Revenue Bonds Series A (AA+/Aa1)<sup>(a)</sup> | Missouri State Board of Public Buildings Special Obligation Revenue Bonds Series A (AA+/Aa1)<sup>(a)</sup> | Missouri State Board of Public Buildings Special Obligation Revenue Bonds Series A (AA+/Aa1)<sup>(a)</sup> | Missouri State Board of Public Buildings Special Obligation Revenue Bonds Series A (AA+/Aa1)<sup>(a)</sup> |
| 1015000 | 4.000 | 04/01/26 | 1035866 |
| 635000 | 2.000 | 04/01/27 | 621192 |
| Missouri State Board of Public Buildings Special Obligation Revenue Bonds Series B (AA+/Aa1)<sup>(a)</sup> | Missouri State Board of Public Buildings Special Obligation Revenue Bonds Series B (AA+/Aa1)<sup>(a)</sup> | Missouri State Board of Public Buildings Special Obligation Revenue Bonds Series B (AA+/Aa1)<sup>(a)</sup> | Missouri State Board of Public Buildings Special Obligation Revenue Bonds Series B (AA+/Aa1)<sup>(a)</sup> |
| 800000 | 4.000 | 04/01/28 | 816776 |
| Missouri State Environmental Improvement & Energy Resources Authority Revenue Bonds (Tri-County Water Authority Project) (NR/Aa3)<sup>(a)</sup> | Missouri State Environmental Improvement & Energy Resources Authority Revenue Bonds (Tri-County Water Authority Project) (NR/Aa3)<sup>(a)</sup> | Missouri State Environmental Improvement & Energy Resources Authority Revenue Bonds (Tri-County Water Authority Project) (NR/Aa3)<sup>(a)</sup> | Missouri State Environmental Improvement & Energy Resources Authority Revenue Bonds (Tri-County Water Authority Project) (NR/Aa3)<sup>(a)</sup> |
| 595000 | 5.000 | 01/01/30 | 621897 |
| 775000 | 5.000 | 01/01/31 | 809441 |
| Missouri State Health & Educational Facilities Authority Educational Facilities Revenue Bonds (Kansas City University of Medicine And Biosciences) Series A (NR/A1)<sup>(a)</sup> | Missouri State Health & Educational Facilities Authority Educational Facilities Revenue Bonds (Kansas City University of Medicine And Biosciences) Series A (NR/A1)<sup>(a)</sup> | Missouri State Health & Educational Facilities Authority Educational Facilities Revenue Bonds (Kansas City University of Medicine And Biosciences) Series A (NR/A1)<sup>(a)</sup> | Missouri State Health & Educational Facilities Authority Educational Facilities Revenue Bonds (Kansas City University of Medicine And Biosciences) Series A (NR/A1)<sup>(a)</sup> |
| 1440000 | 4.500 | 06/01/28 | 1449726 |
| Missouri State Health & Educational Facilities Authority Educational Facilities Revenue Bonds (Refunding- Southeast MO State University) Series 2019 (A/NR) | Missouri State Health & Educational Facilities Authority Educational Facilities Revenue Bonds (Refunding- Southeast MO State University) Series 2019 (A/NR) | Missouri State Health & Educational Facilities Authority Educational Facilities Revenue Bonds (Refunding- Southeast MO State University) Series 2019 (A/NR) | Missouri State Health & Educational Facilities Authority Educational Facilities Revenue Bonds (Refunding- Southeast MO State University) Series 2019 (A/NR) |
| 600000 | 5.000 | 10/01/25 | 634690 |
| 640000 | 5.000 | 10/01/26 | 689136 |
| 2030000 | 5.000 | 10/01/27 | 2227042 |
| Missouri State Health & Educational Facilities Authority Educational Facilities Revenue Bonds (Refunding-Kansas City Art Institute) Series 2018 (A-/NR)<sup>(a)</sup> | Missouri State Health & Educational Facilities Authority Educational Facilities Revenue Bonds (Refunding-Kansas City Art Institute) Series 2018 (A-/NR)<sup>(a)</sup> | Missouri State Health & Educational Facilities Authority Educational Facilities Revenue Bonds (Refunding-Kansas City Art Institute) Series 2018 (A-/NR)<sup>(a)</sup> | Missouri State Health & Educational Facilities Authority Educational Facilities Revenue Bonds (Refunding-Kansas City Art Institute) Series 2018 (A-/NR)<sup>(a)</sup> |
| 670000 | 5.000 | 09/01/33 | 738729 |
| 800000 | 5.000 | 09/01/38 | 850473 |
| Missouri State Health & Educational Facilities Authority Educational Facilities Revenue Bonds (University of Central Missouri) Series C (A+/NR)<sup>(a)</sup> | Missouri State Health & Educational Facilities Authority Educational Facilities Revenue Bonds (University of Central Missouri) Series C (A+/NR)<sup>(a)</sup> | Missouri State Health & Educational Facilities Authority Educational Facilities Revenue Bonds (University of Central Missouri) Series C (A+/NR)<sup>(a)</sup> | Missouri State Health & Educational Facilities Authority Educational Facilities Revenue Bonds (University of Central Missouri) Series C (A+/NR)<sup>(a)</sup> |
| 2400000 | 5.000 | 10/01/26 | 2434534 |
| Missouri State Health & Educational Facilities Authority Health Facilities Revenue Bonds (Refunding-Cox Health) Series A (NR/A2)<sup>(a)</sup> | Missouri State Health & Educational Facilities Authority Health Facilities Revenue Bonds (Refunding-Cox Health) Series A (NR/A2)<sup>(a)</sup> | Missouri State Health & Educational Facilities Authority Health Facilities Revenue Bonds (Refunding-Cox Health) Series A (NR/A2)<sup>(a)</sup> | Missouri State Health & Educational Facilities Authority Health Facilities Revenue Bonds (Refunding-Cox Health) Series A (NR/A2)<sup>(a)</sup> |
| 2500000 | 5.000 | 11/15/35 | 2579293 |
| Missouri State Health & Educational Facilities Authority Health Facilities Revenue Bonds (Refunding-St. Luke's Episcopal-Presbyterian Hospitals) Series B (A/NR)<sup>(a)</sup> | Missouri State Health & Educational Facilities Authority Health Facilities Revenue Bonds (Refunding-St. Luke's Episcopal-Presbyterian Hospitals) Series B (A/NR)<sup>(a)</sup> | Missouri State Health & Educational Facilities Authority Health Facilities Revenue Bonds (Refunding-St. Luke's Episcopal-Presbyterian Hospitals) Series B (A/NR)<sup>(a)</sup> | Missouri State Health & Educational Facilities Authority Health Facilities Revenue Bonds (Refunding-St. Luke's Episcopal-Presbyterian Hospitals) Series B (A/NR)<sup>(a)</sup> |
| 1375000 | 5.000 | 12/01/31 | 1431607 |
| 1000000 | 5.000 | 12/01/33 | 1038595 |
| Missouri State Health & Educational Facilities Authority Revenue Bonds (Kansas City University of Medicine & Biosciences)<br>Series A (NR/A1)<sup>(a)</sup> | Missouri State Health & Educational Facilities Authority Revenue Bonds (Kansas City University of Medicine & Biosciences)<br>Series A (NR/A1)<sup>(a)</sup> | Missouri State Health & Educational Facilities Authority Revenue Bonds (Kansas City University of Medicine & Biosciences)<br>Series A (NR/A1)<sup>(a)</sup> | Missouri State Health & Educational Facilities Authority Revenue Bonds (Kansas City University of Medicine & Biosciences)<br>Series A (NR/A1)<sup>(a)</sup> |
| 950000 | 5.000 | 06/01/34 | 1052239 |
| 1100000 | 5.000 | 06/01/37 | 1199217 |
| Missouri State Health & Educational Facilities Authority Revenue Bonds (Refunding-Children's Mercy Hospital) Series 2016 (AA-/NR)<sup>(a)</sup> | Missouri State Health & Educational Facilities Authority Revenue Bonds (Refunding-Children's Mercy Hospital) Series 2016 (AA-/NR)<sup>(a)</sup> | Missouri State Health & Educational Facilities Authority Revenue Bonds (Refunding-Children's Mercy Hospital) Series 2016 (AA-/NR)<sup>(a)</sup> | Missouri State Health & Educational Facilities Authority Revenue Bonds (Refunding-Children's Mercy Hospital) Series 2016 (AA-/NR)<sup>(a)</sup> |
| 1250000 | 4.000 | 05/15/33 | 1283155 |
| 250000 | 4.000 | 05/15/39 | 251687 |
| Missouri State Housing Development Commission Single Family Mortgage Revenue Bonds (First Place Homeownership Loan Program) Series B (GNMA/FNMA/FHLMC) (AA+/NR)<sup>(a)</sup> | Missouri State Housing Development Commission Single Family Mortgage Revenue Bonds (First Place Homeownership Loan Program) Series B (GNMA/FNMA/FHLMC) (AA+/NR)<sup>(a)</sup> | Missouri State Housing Development Commission Single Family Mortgage Revenue Bonds (First Place Homeownership Loan Program) Series B (GNMA/FNMA/FHLMC) (AA+/NR)<sup>(a)</sup> | Missouri State Housing Development Commission Single Family Mortgage Revenue Bonds (First Place Homeownership Loan Program) Series B (GNMA/FNMA/FHLMC) (AA+/NR)<sup>(a)</sup> |
| 330000 | 2.400 | 11/01/30 | 313036 |
| 315000 | 2.500 | 05/01/31 | 300018 |
| 325000 | 2.550 | 11/01/31 | 309699 |
| Missouri State Housing Development Commission Single Family Mortgage Revenue Bonds (Homeownership Loan Program)<br>Series B-2 (GNMA/FNMA/FHLMC) (AA+/NR)<sup>(a)</sup> | Missouri State Housing Development Commission Single Family Mortgage Revenue Bonds (Homeownership Loan Program)<br>Series B-2 (GNMA/FNMA/FHLMC) (AA+/NR)<sup>(a)</sup> | Missouri State Housing Development Commission Single Family Mortgage Revenue Bonds (Homeownership Loan Program)<br>Series B-2 (GNMA/FNMA/FHLMC) (AA+/NR)<sup>(a)</sup> | Missouri State Housing Development Commission Single Family Mortgage Revenue Bonds (Homeownership Loan Program)<br>Series B-2 (GNMA/FNMA/FHLMC) (AA+/NR)<sup>(a)</sup> |
| 195000 | 3.550 | 11/01/30 | 193221 |

---

------

THE MISSOURI TAX-FREE INTERMEDIATE BOND FUND

*January 31, 2023 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** |
| **Missouri – (continued)** | **Missouri – (continued)** | **Missouri – (continued)** | **Missouri – (continued)** |
| Missouri State Housing Development Commission Single Family Mortgage Revenue Bonds (Homeownership Loan Program) Series D (GNMA/FNMA/FHLMC) (AA+/NR)<sup>(a)</sup> | Missouri State Housing Development Commission Single Family Mortgage Revenue Bonds (Homeownership Loan Program) Series D (GNMA/FNMA/FHLMC) (AA+/NR)<sup>(a)</sup> | Missouri State Housing Development Commission Single Family Mortgage Revenue Bonds (Homeownership Loan Program) Series D (GNMA/FNMA/FHLMC) (AA+/NR)<sup>(a)</sup> | Missouri State Housing Development Commission Single Family Mortgage Revenue Bonds (Homeownership Loan Program) Series D (GNMA/FNMA/FHLMC) (AA+/NR)<sup>(a)</sup> |
| $260000 | 3.050% | 11/01/28 | $260221 |
| 240000 | 3.150 | 11/01/29 | 240519 |
| 260000 | 3.250 | 11/01/30 | 261505 |
| Nixa MO Public Schools Certificates of Participation Series 2021 (A/NR)<sup>(a)</sup> | Nixa MO Public Schools Certificates of Participation Series 2021 (A/NR)<sup>(a)</sup> | Nixa MO Public Schools Certificates of Participation Series 2021 (A/NR)<sup>(a)</sup> | Nixa MO Public Schools Certificates of Participation Series 2021 (A/NR)<sup>(a)</sup> |
| 1465000 | 3.000 | 04/01/39 | 1294894 |
| Nixa MO Public Schools GO Bonds (Direct Deposit Program) (Refunding) Series 2019 (AA+/NR)<sup>(a)</sup> | Nixa MO Public Schools GO Bonds (Direct Deposit Program) (Refunding) Series 2019 (AA+/NR)<sup>(a)</sup> | Nixa MO Public Schools GO Bonds (Direct Deposit Program) (Refunding) Series 2019 (AA+/NR)<sup>(a)</sup> | Nixa MO Public Schools GO Bonds (Direct Deposit Program) (Refunding) Series 2019 (AA+/NR)<sup>(a)</sup> |
| 500000 | 4.000 | 03/01/33 | 524931 |
| 800000 | 4.000 | 03/01/34 | 835946 |
| North Kansas City MO School District No. 74 GO Bonds<br>Series 2020 (AA+/Aa1)<sup>(a)</sup> | North Kansas City MO School District No. 74 GO Bonds<br>Series 2020 (AA+/Aa1)<sup>(a)</sup> | North Kansas City MO School District No. 74 GO Bonds<br>Series 2020 (AA+/Aa1)<sup>(a)</sup> | North Kansas City MO School District No. 74 GO Bonds<br>Series 2020 (AA+/Aa1)<sup>(a)</sup> |
| 2445000 | 3.000 | 03/01/30 | 2491256 |
| North Kansas City MO School District No. 74 GO Bonds<br>Series 2022 (AA+/Aa1)<sup>(a)</sup> | North Kansas City MO School District No. 74 GO Bonds<br>Series 2022 (AA+/Aa1)<sup>(a)</sup> | North Kansas City MO School District No. 74 GO Bonds<br>Series 2022 (AA+/Aa1)<sup>(a)</sup> | North Kansas City MO School District No. 74 GO Bonds<br>Series 2022 (AA+/Aa1)<sup>(a)</sup> |
| 2000000 | 5.250 | 03/01/39 | 2353910 |
| Ozark MO Certificates of Participation Series 2014 (A+/NR)<sup>(a)</sup> | Ozark MO Certificates of Participation Series 2014 (A+/NR)<sup>(a)</sup> | Ozark MO Certificates of Participation Series 2014 (A+/NR)<sup>(a)</sup> | Ozark MO Certificates of Participation Series 2014 (A+/NR)<sup>(a)</sup> |
| 500000 | 5.000 | 09/01/44 | 506651 |
| Ozark MO Reorganized School District No. R-6 GO Bonds (Direct Deposit Program) (Refunding & Improvement)<br>Series 2015 (AA+/NR)<sup>(a)</sup> | Ozark MO Reorganized School District No. R-6 GO Bonds (Direct Deposit Program) (Refunding & Improvement)<br>Series 2015 (AA+/NR)<sup>(a)</sup> | Ozark MO Reorganized School District No. R-6 GO Bonds (Direct Deposit Program) (Refunding & Improvement)<br>Series 2015 (AA+/NR)<sup>(a)</sup> | Ozark MO Reorganized School District No. R-6 GO Bonds (Direct Deposit Program) (Refunding & Improvement)<br>Series 2015 (AA+/NR)<sup>(a)</sup> |
| 1000000 | 4.000 | 03/01/30 | 1001516 |
| 1000000 | 4.000 | 03/01/34 | 1001248 |
| 1500000 | 4.000 | 03/01/35 | 1501494 |
| Ozark MO Reorganized School District No. R-6 GO Bonds<br>Series B (AA+/NR)<sup>(a)</sup> | Ozark MO Reorganized School District No. R-6 GO Bonds<br>Series B (AA+/NR)<sup>(a)</sup> | Ozark MO Reorganized School District No. R-6 GO Bonds<br>Series B (AA+/NR)<sup>(a)</sup> | Ozark MO Reorganized School District No. R-6 GO Bonds<br>Series B (AA+/NR)<sup>(a)</sup> |
| 400000 | 3.000 | 03/01/36 | 389365 |
| Ozark MO Reorganized School District No. R-6 GO Bonds<br>Series B (AA+/NR)<sup>(a)</sup> | Ozark MO Reorganized School District No. R-6 GO Bonds<br>Series B (AA+/NR)<sup>(a)</sup> | Ozark MO Reorganized School District No. R-6 GO Bonds<br>Series B (AA+/NR)<sup>(a)</sup> | Ozark MO Reorganized School District No. R-6 GO Bonds<br>Series B (AA+/NR)<sup>(a)</sup> |
| 1000000 | 4.000 | 03/01/37 | 1043616 |
| 1000000 | 4.000 | 03/01/38 | 1032317 |
| 750000 | 4.000 | 03/01/39 | 769893 |
| Platte County MO R-3 School District Building Corp. GO Bonds (School Project) Series 2021 (AA/NR)<sup>(a)</sup> | Platte County MO R-3 School District Building Corp. GO Bonds (School Project) Series 2021 (AA/NR)<sup>(a)</sup> | Platte County MO R-3 School District Building Corp. GO Bonds (School Project) Series 2021 (AA/NR)<sup>(a)</sup> | Platte County MO R-3 School District Building Corp. GO Bonds (School Project) Series 2021 (AA/NR)<sup>(a)</sup> |
| 1995000 | 5.000 | 03/01/33 | 2403486 |
| Polk County Mo School District No R-1 GO (Bolivar Refunding) Series 2021 (A/NR)<sup>(a)</sup> | Polk County Mo School District No R-1 GO (Bolivar Refunding) Series 2021 (A/NR)<sup>(a)</sup> | Polk County Mo School District No R-1 GO (Bolivar Refunding) Series 2021 (A/NR)<sup>(a)</sup> | Polk County Mo School District No R-1 GO (Bolivar Refunding) Series 2021 (A/NR)<sup>(a)</sup> |
| 625000 | 3.000 | 03/01/33 | 636010 |
| 1600000 | 3.000 | 03/01/35 | 1609401 |
| Rolla MO Certificates of Participation Series B (A+/NR)<sup>(a)</sup> | Rolla MO Certificates of Participation Series B (A+/NR)<sup>(a)</sup> | Rolla MO Certificates of Participation Series B (A+/NR)<sup>(a)</sup> | Rolla MO Certificates of Participation Series B (A+/NR)<sup>(a)</sup> |
| 225000 | 3.150 | 07/01/27 | 225156 |
| 410000 | 3.450 | 07/01/32 | 410167 |
| Saint Louis MO Airport Revenue Bonds (Lambert-St. Louis International Airport) Series 2005 (NPFG) (A-/A2) | Saint Louis MO Airport Revenue Bonds (Lambert-St. Louis International Airport) Series 2005 (NPFG) (A-/A2) | Saint Louis MO Airport Revenue Bonds (Lambert-St. Louis International Airport) Series 2005 (NPFG) (A-/A2) | Saint Louis MO Airport Revenue Bonds (Lambert-St. Louis International Airport) Series 2005 (NPFG) (A-/A2) |
| 2135000 | 5.500 | 07/01/28 | 2476686 |
| Saint Louis MO Airport Revenue Bonds (Refunding - St. Louis Lambert International Airport) Series A (NR/A2) | Saint Louis MO Airport Revenue Bonds (Refunding - St. Louis Lambert International Airport) Series A (NR/A2) | Saint Louis MO Airport Revenue Bonds (Refunding - St. Louis Lambert International Airport) Series A (NR/A2) | Saint Louis MO Airport Revenue Bonds (Refunding - St. Louis Lambert International Airport) Series A (NR/A2) |
| 1500000 | 5.000 | 07/01/31 | 1709265 |
| 1355000 | 5.000 | 07/01/32 | 1559898 |
| Saint Louis MO Airport Revenue Bonds (Refunding - St. Louis Lambert International Airport) Series C (A-/A2) | Saint Louis MO Airport Revenue Bonds (Refunding - St. Louis Lambert International Airport) Series C (A-/A2) | Saint Louis MO Airport Revenue Bonds (Refunding - St. Louis Lambert International Airport) Series C (A-/A2) | Saint Louis MO Airport Revenue Bonds (Refunding - St. Louis Lambert International Airport) Series C (A-/A2) |
| 500000 | 5.000 | 07/01/27 | 555247 |
| 1000000 | 5.000 | 07/01/28 | 1134208 |
| Southern Platte MO Fire Protection District Series 2018 (NR/Aa2)<sup>(a)</sup> | Southern Platte MO Fire Protection District Series 2018 (NR/Aa2)<sup>(a)</sup> | Southern Platte MO Fire Protection District Series 2018 (NR/Aa2)<sup>(a)</sup> | Southern Platte MO Fire Protection District Series 2018 (NR/Aa2)<sup>(a)</sup> |
| 540000 | 4.000 | 03/01/38 | 552624 |
| Springfield MO Public Utility Revenue Bonds (Refunding)<br>Series 2015 (AA+/NR)<sup>(a)</sup> | Springfield MO Public Utility Revenue Bonds (Refunding)<br>Series 2015 (AA+/NR)<sup>(a)</sup> | Springfield MO Public Utility Revenue Bonds (Refunding)<br>Series 2015 (AA+/NR)<sup>(a)</sup> | Springfield MO Public Utility Revenue Bonds (Refunding)<br>Series 2015 (AA+/NR)<sup>(a)</sup> |
| 1310000 | 4.000 | 08/01/31 | 1355200 |
| Springfield MO Special Obligation Revenue Bonds (Refunding) Series B (AMT) (NR/Aa2) | Springfield MO Special Obligation Revenue Bonds (Refunding) Series B (AMT) (NR/Aa2) | Springfield MO Special Obligation Revenue Bonds (Refunding) Series B (AMT) (NR/Aa2) | Springfield MO Special Obligation Revenue Bonds (Refunding) Series B (AMT) (NR/Aa2) |
| 2275000 | 5.000 | 07/01/27 | 2482440 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** |
| **Missouri – (continued)** | **Missouri – (continued)** | **Missouri – (continued)** | **Missouri – (continued)** |
| Springfield MO Special Obligation Revenue Bonds (Refunding) Series B (AMT) (NR/Aa2) (continued) | Springfield MO Special Obligation Revenue Bonds (Refunding) Series B (AMT) (NR/Aa2) (continued) | Springfield MO Special Obligation Revenue Bonds (Refunding) Series B (AMT) (NR/Aa2) (continued) | Springfield MO Special Obligation Revenue Bonds (Refunding) Series B (AMT) (NR/Aa2) (continued) |
| $1220000 | 5.000 %<sup>(a)</sup> | 07/01/28 | $1331457 |
| 1400000 | 5.000 <sup>(a)</sup> | 07/01/30 | 1525723 |
| Springfield MO Special Obligation Revenue Bonds (Refunding) Series B (NR/Aa3)<sup>(a)</sup> | Springfield MO Special Obligation Revenue Bonds (Refunding) Series B (NR/Aa3)<sup>(a)</sup> | Springfield MO Special Obligation Revenue Bonds (Refunding) Series B (NR/Aa3)<sup>(a)</sup> | Springfield MO Special Obligation Revenue Bonds (Refunding) Series B (NR/Aa3)<sup>(a)</sup> |
| 1000000 | 4.000 | 05/01/26 | 1004303 |
| 1405000 | 4.000 | 05/01/27 | 1411206 |
| Springfield MO Special Obligation Revenue Bonds Series 2020 (NR/Aa2)<sup>(a)</sup> | Springfield MO Special Obligation Revenue Bonds Series 2020 (NR/Aa2)<sup>(a)</sup> | Springfield MO Special Obligation Revenue Bonds Series 2020 (NR/Aa2)<sup>(a)</sup> | Springfield MO Special Obligation Revenue Bonds Series 2020 (NR/Aa2)<sup>(a)</sup> |
| 470000 | 4.000 | 11/01/34 | 497339 |
| 475000 | 4.000 | 11/01/35 | 498063 |
| 815000 | 4.000 | 11/01/36 | 849458 |
| 845000 | 4.000 | 11/01/37 | 868297 |
| 920000 | 4.000 | 11/01/38 | 934111 |
| St Louis Land Clearance for Redevelopment Authority Revenue Bonds (Refunding) Series A (A/NR)<sup>(a)</sup> | St Louis Land Clearance for Redevelopment Authority Revenue Bonds (Refunding) Series A (A/NR)<sup>(a)</sup> | St Louis Land Clearance for Redevelopment Authority Revenue Bonds (Refunding) Series A (A/NR)<sup>(a)</sup> | St Louis Land Clearance for Redevelopment Authority Revenue Bonds (Refunding) Series A (A/NR)<sup>(a)</sup> |
| 2735000 | 2.125 | 04/01/39 | 2026672 |
| St Louis Land Clearance for Redevelopment Authority Revenue Bonds Series 2021 (AA-/NR) | St Louis Land Clearance for Redevelopment Authority Revenue Bonds Series 2021 (AA-/NR) | St Louis Land Clearance for Redevelopment Authority Revenue Bonds Series 2021 (AA-/NR) | St Louis Land Clearance for Redevelopment Authority Revenue Bonds Series 2021 (AA-/NR) |
| 1200000 | 4.000 | 07/15/28 | 1296173 |
| St Louis Land Clearance for Redevelopment Authority Revenue Bonds Series 2021 (AA-/NR)<sup>(a)</sup> | St Louis Land Clearance for Redevelopment Authority Revenue Bonds Series 2021 (AA-/NR)<sup>(a)</sup> | St Louis Land Clearance for Redevelopment Authority Revenue Bonds Series 2021 (AA-/NR)<sup>(a)</sup> | St Louis Land Clearance for Redevelopment Authority Revenue Bonds Series 2021 (AA-/NR)<sup>(a)</sup> |
| 1570000 | 3.000 | 07/15/32 | 1581929 |
| 1615000 | 3.000 | 07/15/33 | 1610079 |
| 1665000 | 3.000 | 07/15/34 | 1646576 |
| St. Charles County MO Public Water Supply District No. 2 Certificates of Participation (Refunding) Series 2016 (AA+/NR)<sup>(a)</sup> | St. Charles County MO Public Water Supply District No. 2 Certificates of Participation (Refunding) Series 2016 (AA+/NR)<sup>(a)</sup> | St. Charles County MO Public Water Supply District No. 2 Certificates of Participation (Refunding) Series 2016 (AA+/NR)<sup>(a)</sup> | St. Charles County MO Public Water Supply District No. 2 Certificates of Participation (Refunding) Series 2016 (AA+/NR)<sup>(a)</sup> |
| 1000000 | 4.000 | 12/01/31 | 1040662 |
| St. Charles County Public Water Supply District No. 2 Certificates of Participation (Water Utility IMPS) Series 2022 (AA+/NR)<sup>(a)</sup> | St. Charles County Public Water Supply District No. 2 Certificates of Participation (Water Utility IMPS) Series 2022 (AA+/NR)<sup>(a)</sup> | St. Charles County Public Water Supply District No. 2 Certificates of Participation (Water Utility IMPS) Series 2022 (AA+/NR)<sup>(a)</sup> | St. Charles County Public Water Supply District No. 2 Certificates of Participation (Water Utility IMPS) Series 2022 (AA+/NR)<sup>(a)</sup> |
| 2000000 | 4.000 | 12/01/44 | 2022698 |
| St. Joseph MO Industrial Development Authority Special Obligation Revenue Bonds (Refunding) (Sewer System Improvements Project) Series B (A+/NR)<sup>(a)</sup> | St. Joseph MO Industrial Development Authority Special Obligation Revenue Bonds (Refunding) (Sewer System Improvements Project) Series B (A+/NR)<sup>(a)</sup> | St. Joseph MO Industrial Development Authority Special Obligation Revenue Bonds (Refunding) (Sewer System Improvements Project) Series B (A+/NR)<sup>(a)</sup> | St. Joseph MO Industrial Development Authority Special Obligation Revenue Bonds (Refunding) (Sewer System Improvements Project) Series B (A+/NR)<sup>(a)</sup> |
| 1085000 | 5.000 | 04/01/26 | 1145150 |
| St. Louis County MO Community College District Certificates of Participation Series 2017 (AA/NR)<sup>(a)</sup> | St. Louis County MO Community College District Certificates of Participation Series 2017 (AA/NR)<sup>(a)</sup> | St. Louis County MO Community College District Certificates of Participation Series 2017 (AA/NR)<sup>(a)</sup> | St. Louis County MO Community College District Certificates of Participation Series 2017 (AA/NR)<sup>(a)</sup> |
| 1000000 | 4.000 | 04/01/35 | 1040484 |
| 2000000 | 4.000 | 04/01/36 | 2066825 |
| 2515000 | 4.000 | 04/01/37 | 2570162 |
| St. Louis County MO Library District Certificates of Participation (AA/Aa2)<sup>(a)</sup> | St. Louis County MO Library District Certificates of Participation (AA/Aa2)<sup>(a)</sup> | St. Louis County MO Library District Certificates of Participation (AA/Aa2)<sup>(a)</sup> | St. Louis County MO Library District Certificates of Participation (AA/Aa2)<sup>(a)</sup> |
| 1930000 | 4.000 | 04/01/26 | 1934401 |
| St. Louis County MO Parkway School District No. C-2 GO Bonds Series B (AAA/NR)<sup>(a)</sup> | St. Louis County MO Parkway School District No. C-2 GO Bonds Series B (AAA/NR)<sup>(a)</sup> | St. Louis County MO Parkway School District No. C-2 GO Bonds Series B (AAA/NR)<sup>(a)</sup> | St. Louis County MO Parkway School District No. C-2 GO Bonds Series B (AAA/NR)<sup>(a)</sup> |
| 1000000 | 4.000 | 03/01/32 | 1034968 |
| St. Louis MO Muni Finance Corp. (Refunding-Carnahan Court House) Series A (A/NR) | St. Louis MO Muni Finance Corp. (Refunding-Carnahan Court House) Series A (A/NR) | St. Louis MO Muni Finance Corp. (Refunding-Carnahan Court House) Series A (A/NR) | St. Louis MO Muni Finance Corp. (Refunding-Carnahan Court House) Series A (A/NR) |
| 2710000 | 5.000 | 02/15/27 | 2948544 |
| St. Louis MO Municipal Finance Corporation Revenue Bonds Series A (A/NR) | St. Louis MO Municipal Finance Corporation Revenue Bonds Series A (A/NR) | St. Louis MO Municipal Finance Corporation Revenue Bonds Series A (A/NR) | St. Louis MO Municipal Finance Corporation Revenue Bonds Series A (A/NR) |
| 1390000 | 5.000 | 04/15/26 | 1487472 |
| St. Louis MO Municipal Finance Corporation Sales Tax Leasehold Revenue Bonds (Refunding) Series 2016 (A/NR)<sup>(a)</sup> | St. Louis MO Municipal Finance Corporation Sales Tax Leasehold Revenue Bonds (Refunding) Series 2016 (A/NR)<sup>(a)</sup> | St. Louis MO Municipal Finance Corporation Sales Tax Leasehold Revenue Bonds (Refunding) Series 2016 (A/NR)<sup>(a)</sup> | St. Louis MO Municipal Finance Corporation Sales Tax Leasehold Revenue Bonds (Refunding) Series 2016 (A/NR)<sup>(a)</sup> |
| 2595000 | 4.000 | 02/15/35 | 2667465 |
| St. Louis MO Municipal Library District Revenue Bonds (Refunding) Series 2020 (AA/NR)<sup>(a)</sup> | St. Louis MO Municipal Library District Revenue Bonds (Refunding) Series 2020 (AA/NR)<sup>(a)</sup> | St. Louis MO Municipal Library District Revenue Bonds (Refunding) Series 2020 (AA/NR)<sup>(a)</sup> | St. Louis MO Municipal Library District Revenue Bonds (Refunding) Series 2020 (AA/NR)<sup>(a)</sup> |
| 1900000 | 3.000 | 03/15/39 | 1720519 |

---

------

THE MISSOURI TAX-FREE INTERMEDIATE BOND FUND

*January 31, 2023 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** |
| **Missouri – (continued)** | **Missouri – (continued)** | **Missouri – (continued)** | **Missouri – (continued)** |
| St. Louis MO Special Administrative Board of the Transitional School District GO Bonds (Direct Deposit Program) Series 2017 (AA+/NR)<sup>(a)</sup> | St. Louis MO Special Administrative Board of the Transitional School District GO Bonds (Direct Deposit Program) Series 2017 (AA+/NR)<sup>(a)</sup> | St. Louis MO Special Administrative Board of the Transitional School District GO Bonds (Direct Deposit Program) Series 2017 (AA+/NR)<sup>(a)</sup> | St. Louis MO Special Administrative Board of the Transitional School District GO Bonds (Direct Deposit Program) Series 2017 (AA+/NR)<sup>(a)</sup> |
| $1000000 | 4.000% | 04/01/29 | $1047106 |
| 1000000 | 4.000 | 04/01/30 | 1045636 |
| Stone County MO Reorganized School District No. 4 (Refunding - MO Direct Deposit Program) Series 2016 (AA+/NR)<sup>(a)</sup> | Stone County MO Reorganized School District No. 4 (Refunding - MO Direct Deposit Program) Series 2016 (AA+/NR)<sup>(a)</sup> | Stone County MO Reorganized School District No. 4 (Refunding - MO Direct Deposit Program) Series 2016 (AA+/NR)<sup>(a)</sup> | Stone County MO Reorganized School District No. 4 (Refunding - MO Direct Deposit Program) Series 2016 (AA+/NR)<sup>(a)</sup> |
| 1725000 | 4.000 | 03/01/33 | 1792345 |
| 1840000 | 4.000 | 03/01/34 | 1906028 |
| Stone County Reorganized School District No. 4 GO (Reeds Spring) Series 2022 (AA/NR)<sup>(a)</sup> | Stone County Reorganized School District No. 4 GO (Reeds Spring) Series 2022 (AA/NR)<sup>(a)</sup> | Stone County Reorganized School District No. 4 GO (Reeds Spring) Series 2022 (AA/NR)<sup>(a)</sup> | Stone County Reorganized School District No. 4 GO (Reeds Spring) Series 2022 (AA/NR)<sup>(a)</sup> |
| 2000000 | 4.000 | 03/01/39 | 2036147 |
| Taney County Public Water Supply District No 3 Certification of Participation Series 2022 (A/NR)<sup>(a)</sup> | Taney County Public Water Supply District No 3 Certification of Participation Series 2022 (A/NR)<sup>(a)</sup> | Taney County Public Water Supply District No 3 Certification of Participation Series 2022 (A/NR)<sup>(a)</sup> | Taney County Public Water Supply District No 3 Certification of Participation Series 2022 (A/NR)<sup>(a)</sup> |
| 720000 | 3.750 | 07/01/36 | 736780 |
| Truman MO State University Housing Society Revenue Bonds (Refunding-Revenue) Series 2016 (NR/A2)<sup>(a)</sup> | Truman MO State University Housing Society Revenue Bonds (Refunding-Revenue) Series 2016 (NR/A2)<sup>(a)</sup> | Truman MO State University Housing Society Revenue Bonds (Refunding-Revenue) Series 2016 (NR/A2)<sup>(a)</sup> | Truman MO State University Housing Society Revenue Bonds (Refunding-Revenue) Series 2016 (NR/A2)<sup>(a)</sup> |
| 865000 | 3.000 | 06/01/25 | 863961 |
| University City Municipal Library District Certification of Participation Series 2022 (NR/A1)<sup>(a)</sup> | University City Municipal Library District Certification of Participation Series 2022 (NR/A1)<sup>(a)</sup> | University City Municipal Library District Certification of Participation Series 2022 (NR/A1)<sup>(a)</sup> | University City Municipal Library District Certification of Participation Series 2022 (NR/A1)<sup>(a)</sup> |
| 710000 | 3.000 | 04/15/39 | 638827 |
| Valley Park MO Fire Protection District GO Bonds Series 2019 (AA/NR) | Valley Park MO Fire Protection District GO Bonds Series 2019 (AA/NR) | Valley Park MO Fire Protection District GO Bonds Series 2019 (AA/NR) | Valley Park MO Fire Protection District GO Bonds Series 2019 (AA/NR) |
| 535000 | 4.000 | 03/01/26 | 560278 |
| 555000 | 4.000 | 03/01/27 | 587521 |
| 450000 | 4.000 <sup>(a)</sup> | 03/01/35 | 464860 |
| 500000 | 4.000 <sup>(a)</sup> | 03/01/37 | 510541 |
| 755000 | 4.000 <sup>(a)</sup> | 03/01/39 | 763977 |
| Warrensburg MO School District No R-VI GO Bonds (Direct Deposit Program) Series 2020 (AA+/NR)<sup>(a)</sup> | Warrensburg MO School District No R-VI GO Bonds (Direct Deposit Program) Series 2020 (AA+/NR)<sup>(a)</sup> | Warrensburg MO School District No R-VI GO Bonds (Direct Deposit Program) Series 2020 (AA+/NR)<sup>(a)</sup> | Warrensburg MO School District No R-VI GO Bonds (Direct Deposit Program) Series 2020 (AA+/NR)<sup>(a)</sup> |
| 500000 | 3.000 | 03/01/36 | 487228 |
| 560000 | 3.000 | 03/01/37 | 529812 |
| Washington MO School District GO Bonds (Direct Deposit Program) Series 2021 (AA+/NR)<sup>(a)</sup> | Washington MO School District GO Bonds (Direct Deposit Program) Series 2021 (AA+/NR)<sup>(a)</sup> | Washington MO School District GO Bonds (Direct Deposit Program) Series 2021 (AA+/NR)<sup>(a)</sup> | Washington MO School District GO Bonds (Direct Deposit Program) Series 2021 (AA+/NR)<sup>(a)</sup> |
| 2400000 | 4.000 | 03/01/38 | 2426401 |
| Webster County MO Marshfield School District No. R-1 GO Bonds (Direct Deposit Program) Series A (AA+/NR)<sup>(a)</sup> | Webster County MO Marshfield School District No. R-1 GO Bonds (Direct Deposit Program) Series A (AA+/NR)<sup>(a)</sup> | Webster County MO Marshfield School District No. R-1 GO Bonds (Direct Deposit Program) Series A (AA+/NR)<sup>(a)</sup> | Webster County MO Marshfield School District No. R-1 GO Bonds (Direct Deposit Program) Series A (AA+/NR)<sup>(a)</sup> |
| 500000 | 4.000 | 03/01/32 | 533620 |
| 890000 | 4.000 | 03/01/33 | 948020 |
| Wentzville MO Certificates of Participation (Refunding)<br>Series 2015 (NR/Aa3)<sup>(a)</sup> | Wentzville MO Certificates of Participation (Refunding)<br>Series 2015 (NR/Aa3)<sup>(a)</sup> | Wentzville MO Certificates of Participation (Refunding)<br>Series 2015 (NR/Aa3)<sup>(a)</sup> | Wentzville MO Certificates of Participation (Refunding)<br>Series 2015 (NR/Aa3)<sup>(a)</sup> |
| 1000000 | 4.000 | 08/01/26 | 1032171 |
| Wentzville MO School District No. 4 (Refunding) (Direct Deposit Program) Series 2016 (AA+/Aa1)<sup>(a)(b)</sup> | Wentzville MO School District No. 4 (Refunding) (Direct Deposit Program) Series 2016 (AA+/Aa1)<sup>(a)(b)</sup> | Wentzville MO School District No. 4 (Refunding) (Direct Deposit Program) Series 2016 (AA+/Aa1)<sup>(a)(b)</sup> | Wentzville MO School District No. 4 (Refunding) (Direct Deposit Program) Series 2016 (AA+/Aa1)<sup>(a)(b)</sup> |
| 2000000 | 0.000 | 03/01/26 | 1843016 |
| 2095000 | 0.000 | 03/01/27 | 1865135 |
| Wentzville R-IV School District MO Lease Certificates of Participation (Refunding & Improvement Certificates)<br>Series 2016 (NR/A1)<sup>(a)</sup> | Wentzville R-IV School District MO Lease Certificates of Participation (Refunding & Improvement Certificates)<br>Series 2016 (NR/A1)<sup>(a)</sup> | Wentzville R-IV School District MO Lease Certificates of Participation (Refunding & Improvement Certificates)<br>Series 2016 (NR/A1)<sup>(a)</sup> | Wentzville R-IV School District MO Lease Certificates of Participation (Refunding & Improvement Certificates)<br>Series 2016 (NR/A1)<sup>(a)</sup> |
| 1810000 | 4.000 | 04/01/32 | 1859546 |
| 1800000 | 4.000 | 04/01/33 | 1846799 |
| 1800000 | 4.000 | 04/01/34 | 1844178 |
|  |  |  | 256003661 |
| **North Dakota<sup>(a)</sup> – 0.8%** | **North Dakota<sup>(a)</sup> – 0.8%** | **North Dakota<sup>(a)</sup> – 0.8%** | **North Dakota<sup>(a)</sup> – 0.8%** |
| North Dakota State Housing Finance Agency Homeownership Revenue Bonds (Home Mortgage Finance Program) Series C (NR/Aa1) | North Dakota State Housing Finance Agency Homeownership Revenue Bonds (Home Mortgage Finance Program) Series C (NR/Aa1) | North Dakota State Housing Finance Agency Homeownership Revenue Bonds (Home Mortgage Finance Program) Series C (NR/Aa1) | North Dakota State Housing Finance Agency Homeownership Revenue Bonds (Home Mortgage Finance Program) Series C (NR/Aa1) |
| 2310000 | 2.600 | 07/01/28 | 2266899 |
| 105000 | 3.150 | 01/01/36 | 103688 |
|  |  |  | 2370587 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** |
| **Ohio<sup>(a)</sup> – 0.9%** | **Ohio<sup>(a)</sup> – 0.9%** | **Ohio<sup>(a)</sup> – 0.9%** | **Ohio<sup>(a)</sup> – 0.9%** |
| Cuyahoga Metropolitan Housing Authority Revenue Bonds<br>Series 2021 (A+/NR) | Cuyahoga Metropolitan Housing Authority Revenue Bonds<br>Series 2021 (A+/NR) | Cuyahoga Metropolitan Housing Authority Revenue Bonds<br>Series 2021 (A+/NR) | Cuyahoga Metropolitan Housing Authority Revenue Bonds<br>Series 2021 (A+/NR) |
| $1500000 | 2.000% | 12/01/31 | $1370953 |
| Dayton City School District Certificates of Participation (Ohio School Facilities Project) Series 2021 (NR/A3) | Dayton City School District Certificates of Participation (Ohio School Facilities Project) Series 2021 (NR/A3) | Dayton City School District Certificates of Participation (Ohio School Facilities Project) Series 2021 (NR/A3) | Dayton City School District Certificates of Participation (Ohio School Facilities Project) Series 2021 (NR/A3) |
| 715000 | 3.000 | 12/01/35 | 684241 |
| Dayton City School District Certificates of Participation (Ohio School Facilities Project) Series 2021 (NR/A3) | Dayton City School District Certificates of Participation (Ohio School Facilities Project) Series 2021 (NR/A3) | Dayton City School District Certificates of Participation (Ohio School Facilities Project) Series 2021 (NR/A3) | Dayton City School District Certificates of Participation (Ohio School Facilities Project) Series 2021 (NR/A3) |
| 695000 | 2.125 | 12/01/34 | 594599 |
|  |  |  | 2649793 |
| **Oklahoma<sup>(a)</sup> – 0.6%** | **Oklahoma<sup>(a)</sup> – 0.6%** | **Oklahoma<sup>(a)</sup> – 0.6%** | **Oklahoma<sup>(a)</sup> – 0.6%** |
| McClain County Independent School District No 5 Washington Revenue Bonds (Washington Public Schools Project) Series 2022 (A-/NR) | McClain County Independent School District No 5 Washington Revenue Bonds (Washington Public Schools Project) Series 2022 (A-/NR) | McClain County Independent School District No 5 Washington Revenue Bonds (Washington Public Schools Project) Series 2022 (A-/NR) | McClain County Independent School District No 5 Washington Revenue Bonds (Washington Public Schools Project) Series 2022 (A-/NR) |
| 1735000 | 4.000 | 09/01/33 | 1906850 |
| **TOTAL MUNICIPAL BOND OBLIGATIONS<br>(Cost $294,148,328)** | **TOTAL MUNICIPAL BOND OBLIGATIONS<br>(Cost $294,148,328)** | **TOTAL MUNICIPAL BOND OBLIGATIONS<br>(Cost $294,148,328)** | $286547634 |
| **Shares** | **Description** |  | **Value** |
| **Investment Company – 3.1%** | **Investment Company – 3.1%** | **Investment Company – 3.1%** | **Investment Company – 3.1%** |
| 8947260 | State Street Institutional US<br>Government Money Market<br>Fund – Premier Class<br>(NR/NR) | State Street Institutional US<br>Government Money Market<br>Fund – Premier Class<br>(NR/NR) | $8947260 |
| **TOTAL INVESTMENTS – 101.0%<br>(Cost $303,095,588)** | **TOTAL INVESTMENTS – 101.0%<br>(Cost $303,095,588)** | **TOTAL INVESTMENTS – 101.0%<br>(Cost $303,095,588)** | $295494894 |
|  **LIABILITIES IN EXCESS OF OTHER<br>ASSETS – (1.0)%** | **LIABILITIES IN EXCESS OF OTHER<br>ASSETS – (1.0)%** | **LIABILITIES IN EXCESS OF OTHER<br>ASSETS – (1.0)%** | (2835060) |
| **NET ASSETS – 100.0%** | **NET ASSETS – 100.0%** | **NET ASSETS – 100.0%** | $292659834 |

---

---

| | |
|:---|:---|
| The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets. | The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets. |
| (a) | Security with "Call" features with resetting interest rates. |
| (b) | Security issued with a zero coupon. The actual effective yield of this security is different than the stated coupon due to the accretion of discount. |
| Security ratings disclosed, if any, are issued by Standard & Poor's Ratings Services/Moody's Investors Service and are unaudited. A description of the ratings is available in the Fund's Statement of Additional Information. | Security ratings disclosed, if any, are issued by Standard & Poor's Ratings Services/Moody's Investors Service and are unaudited. A description of the ratings is available in the Fund's Statement of Additional Information. |

---

---

| | |
|:---|:---|
| **Investment Abbreviations:** | **Investment Abbreviations:** |
| AMT | — Alternative Minimum Tax |
| FHLMC | — Federal Home Loan Mortgage Corp. |
| FNMA | — Federal National Mortgage Association |
| GNMA | — Government National Mortgage Association |
| GO | — General Obligation |
| NR | — Not Rated |
| WR | — Withdrawn Rating |

---

------

THE KANSAS TAX-FREE INTERMEDIATE BOND FUND

## Schedule of Investments
*January 31, 2023 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Municipal Bond Obligations – 98.5%** | **Municipal Bond Obligations – 98.5%** | **Municipal Bond Obligations – 98.5%** | **Municipal Bond Obligations – 98.5%** |
| **Alabama<sup>(a)</sup> – 1.4%** | **Alabama<sup>(a)</sup> – 1.4%** | **Alabama<sup>(a)</sup> – 1.4%** | **Alabama<sup>(a)</sup> – 1.4%** |
| Homewood AL Educational Building Authority Revenue Bonds (Refunding Educational Facilities Samford University) Series A (NR/A3) | Homewood AL Educational Building Authority Revenue Bonds (Refunding Educational Facilities Samford University) Series A (NR/A3) | Homewood AL Educational Building Authority Revenue Bonds (Refunding Educational Facilities Samford University) Series A (NR/A3) | Homewood AL Educational Building Authority Revenue Bonds (Refunding Educational Facilities Samford University) Series A (NR/A3) |
| $1000000 | 4.000% | 12/01/35 | $1012071 |
| Special Care Facilities Financing Authority of the City of Pell City Alabama Revenue Bonds (Refunding – Noland Health Services Inc.) Series 2021 (A/NR) | Special Care Facilities Financing Authority of the City of Pell City Alabama Revenue Bonds (Refunding – Noland Health Services Inc.) Series 2021 (A/NR) | Special Care Facilities Financing Authority of the City of Pell City Alabama Revenue Bonds (Refunding – Noland Health Services Inc.) Series 2021 (A/NR) | Special Care Facilities Financing Authority of the City of Pell City Alabama Revenue Bonds (Refunding – Noland Health Services Inc.) Series 2021 (A/NR) |
| 1000000 | 5.000 | 12/01/31 | 1105097 |
|  |  |  | 2117168 |
| **Georgia<sup>(a)</sup> – 0.6%** | **Georgia<sup>(a)</sup> – 0.6%** | **Georgia<sup>(a)</sup> – 0.6%** | **Georgia<sup>(a)</sup> – 0.6%** |
| University Of GA Milledgeville & Baldwin Development Authority Revenue Bonds (Refunding-State of Georgia University Project) (A+/NR) | University Of GA Milledgeville & Baldwin Development Authority Revenue Bonds (Refunding-State of Georgia University Project) (A+/NR) | University Of GA Milledgeville & Baldwin Development Authority Revenue Bonds (Refunding-State of Georgia University Project) (A+/NR) | University Of GA Milledgeville & Baldwin Development Authority Revenue Bonds (Refunding-State of Georgia University Project) (A+/NR) |
| 745000 | 5.000 | 06/15/34 | 858982 |
| **Illinois<sup>(a)</sup> – 1.9%** | **Illinois<sup>(a)</sup> – 1.9%** | **Illinois<sup>(a)</sup> – 1.9%** | **Illinois<sup>(a)</sup> – 1.9%** |
| Lake County IL Community Consolidated School District No. 73 Hawthorn GO Bonds (Refunding) Series B (AA+/NR) | Lake County IL Community Consolidated School District No. 73 Hawthorn GO Bonds (Refunding) Series B (AA+/NR) | Lake County IL Community Consolidated School District No. 73 Hawthorn GO Bonds (Refunding) Series B (AA+/NR) | Lake County IL Community Consolidated School District No. 73 Hawthorn GO Bonds (Refunding) Series B (AA+/NR) |
| 1000000 | 4.000 | 01/01/33 | 1051777 |
| Westchester Village GO Bonds Series 2021 (BAM) (AA/A2) | Westchester Village GO Bonds Series 2021 (BAM) (AA/A2) | Westchester Village GO Bonds Series 2021 (BAM) (AA/A2) | Westchester Village GO Bonds Series 2021 (BAM) (AA/A2) |
| 1690000 | 4.000 | 12/01/36 | 1758614 |
|  |  |  | 2810391 |
| **Indiana – 4.0%** | **Indiana – 4.0%** | **Indiana – 4.0%** | **Indiana – 4.0%** |
| Carmel IN Local Public Improvement Bond Bank Revenue Bonds Series B-1 (AA/NR)<sup>(a)</sup> | Carmel IN Local Public Improvement Bond Bank Revenue Bonds Series B-1 (AA/NR)<sup>(a)</sup> | Carmel IN Local Public Improvement Bond Bank Revenue Bonds Series B-1 (AA/NR)<sup>(a)</sup> | Carmel IN Local Public Improvement Bond Bank Revenue Bonds Series B-1 (AA/NR)<sup>(a)</sup> |
| 440000 | 4.000 | 01/15/35 | 455698 |
| City of Bloomington IN Revenue Bonds Series 2022 (AA-/NR)<sup>(a)</sup> | City of Bloomington IN Revenue Bonds Series 2022 (AA-/NR)<sup>(a)</sup> | City of Bloomington IN Revenue Bonds Series 2022 (AA-/NR)<sup>(a)</sup> | City of Bloomington IN Revenue Bonds Series 2022 (AA-/NR)<sup>(a)</sup> |
| 1420000 | 4.000 | 07/01/35 | 1491482 |
| City of Martinsville Indiana Government Facility Building Corp. Revenue Bonds Series 2023 BAM (AA/NR)<sup>(a)</sup> | City of Martinsville Indiana Government Facility Building Corp. Revenue Bonds Series 2023 BAM (AA/NR)<sup>(a)</sup> | City of Martinsville Indiana Government Facility Building Corp. Revenue Bonds Series 2023 BAM (AA/NR)<sup>(a)</sup> | City of Martinsville Indiana Government Facility Building Corp. Revenue Bonds Series 2023 BAM (AA/NR)<sup>(a)</sup> |
| 500000 | 5.250 | 08/01/37 | 570409 |
| 500000 | 5.250 | 08/01/42 | 559286 |
| Noblesville Redevelopment Authority Revenue Bonds (Pleasant street Project) Series 2022 (AA/NR)<sup>(a)</sup> | Noblesville Redevelopment Authority Revenue Bonds (Pleasant street Project) Series 2022 (AA/NR)<sup>(a)</sup> | Noblesville Redevelopment Authority Revenue Bonds (Pleasant street Project) Series 2022 (AA/NR)<sup>(a)</sup> | Noblesville Redevelopment Authority Revenue Bonds (Pleasant street Project) Series 2022 (AA/NR)<sup>(a)</sup> |
| 775000 | 4.750 | 07/15/45 | 810323 |
| Shelbyville IN Redevelopment Authority Lease Rental Revenue Bonds Series 2021 (A+/NR)<sup>(a)</sup> | Shelbyville IN Redevelopment Authority Lease Rental Revenue Bonds Series 2021 (A+/NR)<sup>(a)</sup> | Shelbyville IN Redevelopment Authority Lease Rental Revenue Bonds Series 2021 (A+/NR)<sup>(a)</sup> | Shelbyville IN Redevelopment Authority Lease Rental Revenue Bonds Series 2021 (A+/NR)<sup>(a)</sup> |
| 550000 | 3.000 | 08/01/34 | 543510 |
| Whitestown Redevelopment Authority Redevelopment Authority Lease Rental Revenue Bonds(Taxable-Refunding) Series 2021 (AA+/NR) | Whitestown Redevelopment Authority Redevelopment Authority Lease Rental Revenue Bonds(Taxable-Refunding) Series 2021 (AA+/NR) | Whitestown Redevelopment Authority Redevelopment Authority Lease Rental Revenue Bonds(Taxable-Refunding) Series 2021 (AA+/NR) | Whitestown Redevelopment Authority Redevelopment Authority Lease Rental Revenue Bonds(Taxable-Refunding) Series 2021 (AA+/NR) |
| 1530000 | 3.000 | 08/01/31 | 1568774 |
|  |  |  | 5999482 |
| **Kansas – 84.3%** | **Kansas – 84.3%** | **Kansas – 84.3%** | **Kansas – 84.3%** |
| Arkansas City KS Public Building Commission Revenue Bonds (Refunding) Series 2019 (A/NR) | Arkansas City KS Public Building Commission Revenue Bonds (Refunding) Series 2019 (A/NR) | Arkansas City KS Public Building Commission Revenue Bonds (Refunding) Series 2019 (A/NR) | Arkansas City KS Public Building Commission Revenue Bonds (Refunding) Series 2019 (A/NR) |
| 560000 | 5.000 | 09/01/27 | 622342 |
| 585000 | 5.000 | 09/01/28 | 663118 |
| 415000 | 5.000 <sup>(a)</sup> | 09/01/29 | 475909 |
| Bel Aire KS GO Bond Series 2022 (SP-1+/NR)<sup>(a)</sup> | Bel Aire KS GO Bond Series 2022 (SP-1+/NR)<sup>(a)</sup> | Bel Aire KS GO Bond Series 2022 (SP-1+/NR)<sup>(a)</sup> | Bel Aire KS GO Bond Series 2022 (SP-1+/NR)<sup>(a)</sup> |
| 2000000 | 3.000 | 12/01/25 | 2029543 |
| Blue Valley KS Recreation Commission Certificates of Participation (Recreation Facilities) (AGM) (AA/Aa2)<sup>(a)</sup> | Blue Valley KS Recreation Commission Certificates of Participation (Recreation Facilities) (AGM) (AA/Aa2)<sup>(a)</sup> | Blue Valley KS Recreation Commission Certificates of Participation (Recreation Facilities) (AGM) (AA/Aa2)<sup>(a)</sup> | Blue Valley KS Recreation Commission Certificates of Participation (Recreation Facilities) (AGM) (AA/Aa2)<sup>(a)</sup> |
| 800000 | 4.000 | 10/01/27 | 836492 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** |
| **Kansas – (continued)** | **Kansas – (continued)** | **Kansas – (continued)** | **Kansas – (continued)** |
| Bourbon County KS Unified School District No. 234-Fort Scott GO Bonds Series 2014 (A/NR) | Bourbon County KS Unified School District No. 234-Fort Scott GO Bonds Series 2014 (A/NR) | Bourbon County KS Unified School District No. 234-Fort Scott GO Bonds Series 2014 (A/NR) | Bourbon County KS Unified School District No. 234-Fort Scott GO Bonds Series 2014 (A/NR) |
| $900000 | 5.000% | 09/01/23 | $912076 |
| Butler County KS Unified School District No. 375 GO Bonds (School Building Improvements) Series 2021 (AGM) (AA/NR)<sup>(a)</sup> | Butler County KS Unified School District No. 375 GO Bonds (School Building Improvements) Series 2021 (AGM) (AA/NR)<sup>(a)</sup> | Butler County KS Unified School District No. 375 GO Bonds (School Building Improvements) Series 2021 (AGM) (AA/NR)<sup>(a)</sup> | Butler County KS Unified School District No. 375 GO Bonds (School Building Improvements) Series 2021 (AGM) (AA/NR)<sup>(a)</sup> |
| 1400000 | 3.000 | 09/01/33 | 1406295 |
| 1600000 | 3.000 | 09/01/34 | 1592480 |
| Butler County KS Unified School District No. 385 GO Bonds (Refunding-School Building) Series 2017 (AA-/Aa3)<sup>(a)</sup> | Butler County KS Unified School District No. 385 GO Bonds (Refunding-School Building) Series 2017 (AA-/Aa3)<sup>(a)</sup> | Butler County KS Unified School District No. 385 GO Bonds (Refunding-School Building) Series 2017 (AA-/Aa3)<sup>(a)</sup> | Butler County KS Unified School District No. 385 GO Bonds (Refunding-School Building) Series 2017 (AA-/Aa3)<sup>(a)</sup> |
| 1000000 | 4.000 | 09/01/30 | 1061869 |
| 500000 | 4.000 | 09/01/31 | 529239 |
| Chisholm Creek Utility Authority KS Water and Wastewater Facilities Revenue Bonds (Refunding – Bel Aire & Park City Project) Series 2017 (AGM) (AA/NR) | Chisholm Creek Utility Authority KS Water and Wastewater Facilities Revenue Bonds (Refunding – Bel Aire & Park City Project) Series 2017 (AGM) (AA/NR) | Chisholm Creek Utility Authority KS Water and Wastewater Facilities Revenue Bonds (Refunding – Bel Aire & Park City Project) Series 2017 (AGM) (AA/NR) | Chisholm Creek Utility Authority KS Water and Wastewater Facilities Revenue Bonds (Refunding – Bel Aire & Park City Project) Series 2017 (AGM) (AA/NR) |
| 1315000 | 5.000 | 09/01/26 | 1427754 |
| 1305000 | 4.000 <sup>(a)</sup> | 09/01/28 | 1392728 |
| Chisholm Creek Utility Authority KS Water and Wastewater Facilities Revenue Bonds (Refunding) (AMBAC) (NR/WR) | Chisholm Creek Utility Authority KS Water and Wastewater Facilities Revenue Bonds (Refunding) (AMBAC) (NR/WR) | Chisholm Creek Utility Authority KS Water and Wastewater Facilities Revenue Bonds (Refunding) (AMBAC) (NR/WR) | Chisholm Creek Utility Authority KS Water and Wastewater Facilities Revenue Bonds (Refunding) (AMBAC) (NR/WR) |
| 1000000 | 5.250 | 09/01/24 | 1026946 |
| City of Abilene KS Public Building Commission Revenue Bonds (Refunding-Hospital District No. 1) Series 2017 (AA-/NR)<sup>(a)</sup> | City of Abilene KS Public Building Commission Revenue Bonds (Refunding-Hospital District No. 1) Series 2017 (AA-/NR)<sup>(a)</sup> | City of Abilene KS Public Building Commission Revenue Bonds (Refunding-Hospital District No. 1) Series 2017 (AA-/NR)<sup>(a)</sup> | City of Abilene KS Public Building Commission Revenue Bonds (Refunding-Hospital District No. 1) Series 2017 (AA-/NR)<sup>(a)</sup> |
| 560000 | 5.000 | 12/01/28 | 630692 |
| 600000 | 4.000 | 12/01/29 | 640820 |
| 650000 | 4.000 | 12/01/30 | 692312 |
| City of Dodge KS GO Bonds (Refunding) Series B (A+/NR) | City of Dodge KS GO Bonds (Refunding) Series B (A+/NR) | City of Dodge KS GO Bonds (Refunding) Series B (A+/NR) | City of Dodge KS GO Bonds (Refunding) Series B (A+/NR) |
| 670000 | 4.000 | 09/01/26 | 706241 |
| 740000 | 4.000 <sup>(a)</sup> | 09/01/28 | 789597 |
| City of Emporia KS GO Bonds (Refunding) Series 2020 (AA/NR) | City of Emporia KS GO Bonds (Refunding) Series 2020 (AA/NR) | City of Emporia KS GO Bonds (Refunding) Series 2020 (AA/NR) | City of Emporia KS GO Bonds (Refunding) Series 2020 (AA/NR) |
| 525000 | 3.000 | 09/01/23 | 526340 |
| City of Garden KS GO Bonds (Refunding) Series 2020-A (NR/Aa3)<sup>(a)</sup> | City of Garden KS GO Bonds (Refunding) Series 2020-A (NR/Aa3)<sup>(a)</sup> | City of Garden KS GO Bonds (Refunding) Series 2020-A (NR/Aa3)<sup>(a)</sup> | City of Garden KS GO Bonds (Refunding) Series 2020-A (NR/Aa3)<sup>(a)</sup> |
| 1255000 | 3.000 | 11/01/29 | 1278489 |
| 1000000 | 3.000 | 11/01/30 | 1015160 |
| City of Mulvane KS GO Bonds (Refunding) Series A (AA-/NR) | City of Mulvane KS GO Bonds (Refunding) Series A (AA-/NR) | City of Mulvane KS GO Bonds (Refunding) Series A (AA-/NR) | City of Mulvane KS GO Bonds (Refunding) Series A (AA-/NR) |
| 500000 | 5.000 | 09/01/25 | 533578 |
| City of Salina KS Water & Sewage System Revenue Bonds (Refunding) Series A (NR/Aa3)<sup>(a)</sup> | City of Salina KS Water & Sewage System Revenue Bonds (Refunding) Series A (NR/Aa3)<sup>(a)</sup> | City of Salina KS Water & Sewage System Revenue Bonds (Refunding) Series A (NR/Aa3)<sup>(a)</sup> | City of Salina KS Water & Sewage System Revenue Bonds (Refunding) Series A (NR/Aa3)<sup>(a)</sup> |
| 495000 | 3.000 | 10/01/27 | 502863 |
| 350000 | 3.000 | 10/01/28 | 355209 |
| 300000 | 3.000 | 10/01/29 | 303721 |
| City of Tonganoxie KS GO Bonds Temporary Notes Series C (NR/MIG1) | City of Tonganoxie KS GO Bonds Temporary Notes Series C (NR/MIG1) | City of Tonganoxie KS GO Bonds Temporary Notes Series C (NR/MIG1) | City of Tonganoxie KS GO Bonds Temporary Notes Series C (NR/MIG1) |
| 2080000 | 3.000 | 03/01/23 | 2080970 |
| City of Topeka KS Combined Utility Revenue Bonds (Refunding) Series A (NR/Aa3)<sup>(a)</sup> | City of Topeka KS Combined Utility Revenue Bonds (Refunding) Series A (NR/Aa3)<sup>(a)</sup> | City of Topeka KS Combined Utility Revenue Bonds (Refunding) Series A (NR/Aa3)<sup>(a)</sup> | City of Topeka KS Combined Utility Revenue Bonds (Refunding) Series A (NR/Aa3)<sup>(a)</sup> |
| 545000 | 4.000 | 08/01/27 | 574380 |
| 445000 | 3.000 | 08/01/28 | 453017 |
| 525000 | 3.000 | 08/01/29 | 533116 |
| 650000 | 3.000 | 08/01/32 | 654186 |
| City of Topeka KS GO Bonds (Refunding) Series A (AA/NR)<sup>(a)</sup> | City of Topeka KS GO Bonds (Refunding) Series A (AA/NR)<sup>(a)</sup> | City of Topeka KS GO Bonds (Refunding) Series A (AA/NR)<sup>(a)</sup> | City of Topeka KS GO Bonds (Refunding) Series A (AA/NR)<sup>(a)</sup> |
| 2000000 | 2.000 | 08/15/28 | 1929501 |
| County of Sumner KS Series 2021 AGM (AA/NR)<sup>(a)</sup> | County of Sumner KS Series 2021 AGM (AA/NR)<sup>(a)</sup> | County of Sumner KS Series 2021 AGM (AA/NR)<sup>(a)</sup> | County of Sumner KS Series 2021 AGM (AA/NR)<sup>(a)</sup> |
| 925000 | 3.000 | 10/01/34 | 909445 |
| 955000 | 3.000 | 10/01/35 | 915380 |
| Dickinson County KS Public Building Commission Revenue Bonds Series 2018 (AA-/NR)<sup>(a)</sup> | Dickinson County KS Public Building Commission Revenue Bonds Series 2018 (AA-/NR)<sup>(a)</sup> | Dickinson County KS Public Building Commission Revenue Bonds Series 2018 (AA-/NR)<sup>(a)</sup> | Dickinson County KS Public Building Commission Revenue Bonds Series 2018 (AA-/NR)<sup>(a)</sup> |
| 1550000 | 3.250 | 08/01/33 | 1567966 |
| 1000000 | 5.000 | 08/01/44 | 1101716 |
| Dickinson County KS Unified School District No. 435 GO Bonds (Taxable-Refunding) Series 2019 (A+/NR)<sup>(a)</sup> | Dickinson County KS Unified School District No. 435 GO Bonds (Taxable-Refunding) Series 2019 (A+/NR)<sup>(a)</sup> | Dickinson County KS Unified School District No. 435 GO Bonds (Taxable-Refunding) Series 2019 (A+/NR)<sup>(a)</sup> | Dickinson County KS Unified School District No. 435 GO Bonds (Taxable-Refunding) Series 2019 (A+/NR)<sup>(a)</sup> |
| 375000 | 2.950 | 09/01/32 | 330566 |

---

------

THE KANSAS TAX-FREE INTERMEDIATE BOND FUND

## Schedule of Investments (continued)
*January 31, 2023 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** |
| **Kansas – (continued)** | **Kansas – (continued)** | **Kansas – (continued)** | **Kansas – (continued)** |
| Douglas County KS Unified School District No. 491 GO Bonds (Edora-Refunding) Series B-2019 BAM (AA/A2) | Douglas County KS Unified School District No. 491 GO Bonds (Edora-Refunding) Series B-2019 BAM (AA/A2) | Douglas County KS Unified School District No. 491 GO Bonds (Edora-Refunding) Series B-2019 BAM (AA/A2) | Douglas County KS Unified School District No. 491 GO Bonds (Edora-Refunding) Series B-2019 BAM (AA/A2) |
| $1010000 | 4.000% | 09/01/29 | $1108380 |
| Finney County Unified School District No. 457 GO Bonds (Refunding) Series A (A+/NR)<sup>(a)</sup> | Finney County Unified School District No. 457 GO Bonds (Refunding) Series A (A+/NR)<sup>(a)</sup> | Finney County Unified School District No. 457 GO Bonds (Refunding) Series A (A+/NR)<sup>(a)</sup> | Finney County Unified School District No. 457 GO Bonds (Refunding) Series A (A+/NR)<sup>(a)</sup> |
| 1530000 | 4.000 | 09/01/30 | 1599907 |
| Franklin County KS Unified School District No. 290 GO Bonds Series A (NR/A1)<sup>(a)(b)</sup> | Franklin County KS Unified School District No. 290 GO Bonds Series A (NR/A1)<sup>(a)(b)</sup> | Franklin County KS Unified School District No. 290 GO Bonds Series A (NR/A1)<sup>(a)(b)</sup> | Franklin County KS Unified School District No. 290 GO Bonds Series A (NR/A1)<sup>(a)(b)</sup> |
| 1720000 | 5.000 | 09/01/32 | 1833725 |
| 750000 | 5.000 | 09/01/40 | 799590 |
| Geary Country KS GO Bonds (Refunding) Series 2016 (A/NR)<sup>(a)</sup> | Geary Country KS GO Bonds (Refunding) Series 2016 (A/NR)<sup>(a)</sup> | Geary Country KS GO Bonds (Refunding) Series 2016 (A/NR)<sup>(a)</sup> | Geary Country KS GO Bonds (Refunding) Series 2016 (A/NR)<sup>(a)</sup> |
| 1000000 | 4.000 | 09/01/29 | 1050217 |
| Geary County KS Unified Government GO Bonds (Refunding & Improvement) Series B (AA-/NR)<sup>(a)</sup> | Geary County KS Unified Government GO Bonds (Refunding & Improvement) Series B (AA-/NR)<sup>(a)</sup> | Geary County KS Unified Government GO Bonds (Refunding & Improvement) Series B (AA-/NR)<sup>(a)</sup> | Geary County KS Unified Government GO Bonds (Refunding & Improvement) Series B (AA-/NR)<sup>(a)</sup> |
| 380000 | 4.000 | 12/01/26 | 398332 |
| 310000 | 5.000 <sup>(b)</sup> | 12/01/37 | 334015 |
| Geary County KS Unified School District No. 475 (Taxable) Series C (NR/Aa3)<sup>(a)(b)</sup> | Geary County KS Unified School District No. 475 (Taxable) Series C (NR/Aa3)<sup>(a)(b)</sup> | Geary County KS Unified School District No. 475 (Taxable) Series C (NR/Aa3)<sup>(a)(b)</sup> | Geary County KS Unified School District No. 475 (Taxable) Series C (NR/Aa3)<sup>(a)(b)</sup> |
| 865000 | 3.661 | 09/01/32 | 850571 |
| Geary County Public Building Commission Revenue Bonds Series 2022 (A/NR)<sup>(a)</sup> | Geary County Public Building Commission Revenue Bonds Series 2022 (A/NR)<sup>(a)</sup> | Geary County Public Building Commission Revenue Bonds Series 2022 (A/NR)<sup>(a)</sup> | Geary County Public Building Commission Revenue Bonds Series 2022 (A/NR)<sup>(a)</sup> |
| 1000000 | 5.000 | 08/01/47 | 1040697 |
| Harvey County Unified School District GO Bonds (Refunding) Series 2023 (AA/NR)<sup>(a)</sup> | Harvey County Unified School District GO Bonds (Refunding) Series 2023 (AA/NR)<sup>(a)</sup> | Harvey County Unified School District GO Bonds (Refunding) Series 2023 (AA/NR)<sup>(a)</sup> | Harvey County Unified School District GO Bonds (Refunding) Series 2023 (AA/NR)<sup>(a)</sup> |
| 430000 | 4.000 | 09/01/31 | 466038 |
| 450000 | 4.000 | 09/01/32 | 486672 |
| 475000 | 4.000 | 09/01/33 | 511995 |
| Johnson & Miami Counties KS Unified School District No. 230 GO Bonds Series A (NR/A1)<sup>(a)</sup> | Johnson & Miami Counties KS Unified School District No. 230 GO Bonds Series A (NR/A1)<sup>(a)</sup> | Johnson & Miami Counties KS Unified School District No. 230 GO Bonds Series A (NR/A1)<sup>(a)</sup> | Johnson & Miami Counties KS Unified School District No. 230 GO Bonds Series A (NR/A1)<sup>(a)</sup> |
| 1000000 | 4.000 | 09/01/32 | 1049344 |
| Johnson & Miami County KS Unified School District No. 230 GO Bonds (Refunding) Series 2016 (NR/A1) | Johnson & Miami County KS Unified School District No. 230 GO Bonds (Refunding) Series 2016 (NR/A1) | Johnson & Miami County KS Unified School District No. 230 GO Bonds (Refunding) Series 2016 (NR/A1) | Johnson & Miami County KS Unified School District No. 230 GO Bonds (Refunding) Series 2016 (NR/A1) |
| 1000000 | 5.000 | 09/01/26 | 1093288 |
| 1000000 | 3.500 <sup>(a)</sup> | 09/01/30 | 1021845 |
| Johnson & Miami County KS Unified School District No. 230 GO Bonds Series B (NR/A1)<sup>(a)</sup> | Johnson & Miami County KS Unified School District No. 230 GO Bonds Series B (NR/A1)<sup>(a)</sup> | Johnson & Miami County KS Unified School District No. 230 GO Bonds Series B (NR/A1)<sup>(a)</sup> | Johnson & Miami County KS Unified School District No. 230 GO Bonds Series B (NR/A1)<sup>(a)</sup> |
| 1000000 | 4.000 | 09/01/33 | 1037516 |
| Johnson County KS Improvement GO Bond Series A<br>(AAA/Aaa)<sup>(a)</sup> | Johnson County KS Improvement GO Bond Series A<br>(AAA/Aaa)<sup>(a)</sup> | Johnson County KS Improvement GO Bond Series A<br>(AAA/Aaa)<sup>(a)</sup> | Johnson County KS Improvement GO Bond Series A<br>(AAA/Aaa)<sup>(a)</sup> |
| 2000000 | 4.000 | 09/01/34 | 2106563 |
| Johnson County KS Unified School District No. 231 GO Bonds (Refunding & Improvement) Series A (AA-/NR)<sup>(a)</sup> | Johnson County KS Unified School District No. 231 GO Bonds (Refunding & Improvement) Series A (AA-/NR)<sup>(a)</sup> | Johnson County KS Unified School District No. 231 GO Bonds (Refunding & Improvement) Series A (AA-/NR)<sup>(a)</sup> | Johnson County KS Unified School District No. 231 GO Bonds (Refunding & Improvement) Series A (AA-/NR)<sup>(a)</sup> |
| 1500000 | 4.000 | 10/01/36 | 1523192 |
| Johnson County KS Unified School District No. 233 GO Bonds (Refunding) Series B (AA/Aa2)<sup>(a)</sup> | Johnson County KS Unified School District No. 233 GO Bonds (Refunding) Series B (AA/Aa2)<sup>(a)</sup> | Johnson County KS Unified School District No. 233 GO Bonds (Refunding) Series B (AA/Aa2)<sup>(a)</sup> | Johnson County KS Unified School District No. 233 GO Bonds (Refunding) Series B (AA/Aa2)<sup>(a)</sup> |
| 1000000 | 4.000 | 09/01/31 | 1048745 |
| Johnson County KS Unified School District No. 233 GO Bonds (Refunding) Series C (AA/Aa2)<sup>(a)</sup> | Johnson County KS Unified School District No. 233 GO Bonds (Refunding) Series C (AA/Aa2)<sup>(a)</sup> | Johnson County KS Unified School District No. 233 GO Bonds (Refunding) Series C (AA/Aa2)<sup>(a)</sup> | Johnson County KS Unified School District No. 233 GO Bonds (Refunding) Series C (AA/Aa2)<sup>(a)</sup> |
| 1000000 | 4.000 | 09/01/29 | 1051053 |
| Johnson County KS Unified School District No. 512 Shawnee Mission GO Bonds (Refunding & Improvement) Series B (NR/Aaa)<sup>(a)</sup> | Johnson County KS Unified School District No. 512 Shawnee Mission GO Bonds (Refunding & Improvement) Series B (NR/Aaa)<sup>(a)</sup> | Johnson County KS Unified School District No. 512 Shawnee Mission GO Bonds (Refunding & Improvement) Series B (NR/Aaa)<sup>(a)</sup> | Johnson County KS Unified School District No. 512 Shawnee Mission GO Bonds (Refunding & Improvement) Series B (NR/Aaa)<sup>(a)</sup> |
| 630000 | 4.000 | 10/01/30 | 665084 |
| Johnson County KS Unified School District No. 512 Shawnee Mission GO Bonds (Refunding) Series A (NR/Aaa)<sup>(a)(b)</sup> | Johnson County KS Unified School District No. 512 Shawnee Mission GO Bonds (Refunding) Series A (NR/Aaa)<sup>(a)(b)</sup> | Johnson County KS Unified School District No. 512 Shawnee Mission GO Bonds (Refunding) Series A (NR/Aaa)<sup>(a)(b)</sup> | Johnson County KS Unified School District No. 512 Shawnee Mission GO Bonds (Refunding) Series A (NR/Aaa)<sup>(a)(b)</sup> |
| 1000000 | 4.000 | 10/01/35 | 1046741 |
| Kansas City KS Community College District Certificates of Participation (Refunding) Series A (AA-/NR) | Kansas City KS Community College District Certificates of Participation (Refunding) Series A (AA-/NR) | Kansas City KS Community College District Certificates of Participation (Refunding) Series A (AA-/NR) | Kansas City KS Community College District Certificates of Participation (Refunding) Series A (AA-/NR) |
| 945000 | 4.000 | 04/01/23 | 947072 |
| 545000 | 4.000 | 04/01/24 | 553516 |
| 1000000 | 4.000 | 04/01/25 | 1033588 |
| 350000 | 4.000 | 04/01/26 | 366974 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** |
| **Kansas – (continued)** | **Kansas – (continued)** | **Kansas – (continued)** | **Kansas – (continued)** |
| Kansas City KS Community College District Certificates of Participation (Taxable-Refunding) Series B (AA-/NR) | Kansas City KS Community College District Certificates of Participation (Taxable-Refunding) Series B (AA-/NR) | Kansas City KS Community College District Certificates of Participation (Taxable-Refunding) Series B (AA-/NR) | Kansas City KS Community College District Certificates of Participation (Taxable-Refunding) Series B (AA-/NR) |
| $605000 | 2.450% | 04/01/27 | $558210 |
| Kansas Development Finance Authority Revenue Bonds (Refunding-State of Wichita University Project) Series L (NR/Aa3)<sup>(a)</sup> | Kansas Development Finance Authority Revenue Bonds (Refunding-State of Wichita University Project) Series L (NR/Aa3)<sup>(a)</sup> | Kansas Development Finance Authority Revenue Bonds (Refunding-State of Wichita University Project) Series L (NR/Aa3)<sup>(a)</sup> | Kansas Development Finance Authority Revenue Bonds (Refunding-State of Wichita University Project) Series L (NR/Aa3)<sup>(a)</sup> |
| 2685000 | 3.000 | 06/01/35 | 2566552 |
| Kansas Development Finance Authority Revenue Bonds (State of Kansas University Aerospace And Technology Campus Housing Project) Series A-1<br>(NR/Aa3)<sup>(a)</sup> | Kansas Development Finance Authority Revenue Bonds (State of Kansas University Aerospace And Technology Campus Housing Project) Series A-1<br>(NR/Aa3)<sup>(a)</sup> | Kansas Development Finance Authority Revenue Bonds (State of Kansas University Aerospace And Technology Campus Housing Project) Series A-1<br>(NR/Aa3)<sup>(a)</sup> | Kansas Development Finance Authority Revenue Bonds (State of Kansas University Aerospace And Technology Campus Housing Project) Series A-1<br>(NR/Aa3)<sup>(a)</sup> |
| 440000 | 3.125 | 05/01/50 | 357117 |
| 320000 | 3.125 | 05/01/51 | 257665 |
| Kansas Development Finance Authority Revenue Bonds (Wichita State University Project) Series 2020 (NR/Aa3) | Kansas Development Finance Authority Revenue Bonds (Wichita State University Project) Series 2020 (NR/Aa3) | Kansas Development Finance Authority Revenue Bonds (Wichita State University Project) Series 2020 (NR/Aa3) | Kansas Development Finance Authority Revenue Bonds (Wichita State University Project) Series 2020 (NR/Aa3) |
| 2000000 | 5.000 | 06/01/24 | 2068117 |
| Kansas State Department of Transportation Highway Revenue Bonds Series 2015 (AA/Aa2)<sup>(a)</sup> | Kansas State Department of Transportation Highway Revenue Bonds Series 2015 (AA/Aa2)<sup>(a)</sup> | Kansas State Department of Transportation Highway Revenue Bonds Series 2015 (AA/Aa2)<sup>(a)</sup> | Kansas State Department of Transportation Highway Revenue Bonds Series 2015 (AA/Aa2)<sup>(a)</sup> |
| 1250000 | 5.000 | 09/01/29 | 1335243 |
| 1110000 | 5.000 | 09/01/34 | 1179375 |
| Kansas State Development Finance Authority Revenue Bonds (Refunding-State of Kansas Project) Series F (A+/Aa3)<sup>(a)</sup> | Kansas State Development Finance Authority Revenue Bonds (Refunding-State of Kansas Project) Series F (A+/Aa3)<sup>(a)</sup> | Kansas State Development Finance Authority Revenue Bonds (Refunding-State of Kansas Project) Series F (A+/Aa3)<sup>(a)</sup> | Kansas State Development Finance Authority Revenue Bonds (Refunding-State of Kansas Project) Series F (A+/Aa3)<sup>(a)</sup> |
| 1895000 | 3.000 | 11/01/32 | 1901678 |
| Kansas State Development Finance Authority Revenue Bonds (University Projects) Series A (A+/Aa3)<sup>(a)</sup> | Kansas State Development Finance Authority Revenue Bonds (University Projects) Series A (A+/Aa3)<sup>(a)</sup> | Kansas State Development Finance Authority Revenue Bonds (University Projects) Series A (A+/Aa3)<sup>(a)</sup> | Kansas State Development Finance Authority Revenue Bonds (University Projects) Series A (A+/Aa3)<sup>(a)</sup> |
| 2000000 | 4.000 | 03/01/31 | 2032875 |
| Kansas State Development Finance Authority Revenue Bonds Series G (A+/Aa3)<sup>(a)(b)</sup> | Kansas State Development Finance Authority Revenue Bonds Series G (A+/Aa3)<sup>(a)(b)</sup> | Kansas State Development Finance Authority Revenue Bonds Series G (A+/Aa3)<sup>(a)(b)</sup> | Kansas State Development Finance Authority Revenue Bonds Series G (A+/Aa3)<sup>(a)(b)</sup> |
| 1000000 | 5.000 | 04/01/30 | 1003993 |
| Lawrence KS Hospital Revenue Bonds (Refunding) (Lawrence Memorial Hospital) Series A (A-/NR)<sup>(a)</sup> | Lawrence KS Hospital Revenue Bonds (Refunding) (Lawrence Memorial Hospital) Series A (A-/NR)<sup>(a)</sup> | Lawrence KS Hospital Revenue Bonds (Refunding) (Lawrence Memorial Hospital) Series A (A-/NR)<sup>(a)</sup> | Lawrence KS Hospital Revenue Bonds (Refunding) (Lawrence Memorial Hospital) Series A (A-/NR)<sup>(a)</sup> |
| 1715000 | 5.000 | 07/01/32 | 1860859 |
| 1335000 | 4.000 | 07/01/37 | 1347299 |
| Leavenworth County KS Unified School District No. 453 GO Bonds Series A (NR/Aa3)<sup>(a)</sup> | Leavenworth County KS Unified School District No. 453 GO Bonds Series A (NR/Aa3)<sup>(a)</sup> | Leavenworth County KS Unified School District No. 453 GO Bonds Series A (NR/Aa3)<sup>(a)</sup> | Leavenworth County KS Unified School District No. 453 GO Bonds Series A (NR/Aa3)<sup>(a)</sup> |
| 1165000 | 4.000 | 09/01/31 | 1218940 |
| 500000 | 4.000 <sup>(b)</sup> | 09/01/38 | 532029 |
| Leavenworth County KS Unified School District No. 469 Lansing GO Bonds (Refunding) Series 2016 (NR/A3) | Leavenworth County KS Unified School District No. 469 Lansing GO Bonds (Refunding) Series 2016 (NR/A3) | Leavenworth County KS Unified School District No. 469 Lansing GO Bonds (Refunding) Series 2016 (NR/A3) | Leavenworth County KS Unified School District No. 469 Lansing GO Bonds (Refunding) Series 2016 (NR/A3) |
| 1000000 | 4.000 | 09/01/26 | 1047838 |
| Lyon County KS Unified School District No. 253 Emporia GO Bonds Series 2019 (NR/A1)<sup>(a)</sup> | Lyon County KS Unified School District No. 253 Emporia GO Bonds Series 2019 (NR/A1)<sup>(a)</sup> | Lyon County KS Unified School District No. 253 Emporia GO Bonds Series 2019 (NR/A1)<sup>(a)</sup> | Lyon County KS Unified School District No. 253 Emporia GO Bonds Series 2019 (NR/A1)<sup>(a)</sup> |
| 1050000 | 4.000 | 09/01/33 | 1107079 |
| Miami County Unified School District No. 416 GO Bonds (Refunding) Series 2020 (AA-/NR)<sup>(a)</sup> | Miami County Unified School District No. 416 GO Bonds (Refunding) Series 2020 (AA-/NR)<sup>(a)</sup> | Miami County Unified School District No. 416 GO Bonds (Refunding) Series 2020 (AA-/NR)<sup>(a)</sup> | Miami County Unified School District No. 416 GO Bonds (Refunding) Series 2020 (AA-/NR)<sup>(a)</sup> |
| 500000 | 3.000 | 09/01/38 | 456929 |
| 200000 | 3.000 | 09/01/39 | 179748 |
| 380000 | 3.000 | 09/01/40 | 334630 |
| 370000 | 3.000 | 09/01/41 | 320173 |
| Montezuma Unified School District No. 371 (Refunding)Series 2021 (A/NR)<sup>(a)</sup> | Montezuma Unified School District No. 371 (Refunding)Series 2021 (A/NR)<sup>(a)</sup> | Montezuma Unified School District No. 371 (Refunding)Series 2021 (A/NR)<sup>(a)</sup> | Montezuma Unified School District No. 371 (Refunding)Series 2021 (A/NR)<sup>(a)</sup> |
| 1850000 | 3.000 | 09/01/41 | 1601320 |
| Nemaha County Unified School District GO Bonds (Refunding) Series 2023 (AA/NR)<sup>(a)</sup> | Nemaha County Unified School District GO Bonds (Refunding) Series 2023 (AA/NR)<sup>(a)</sup> | Nemaha County Unified School District GO Bonds (Refunding) Series 2023 (AA/NR)<sup>(a)</sup> | Nemaha County Unified School District GO Bonds (Refunding) Series 2023 (AA/NR)<sup>(a)</sup> |
| 750000 | 5.000 | 09/01/43 | 820079 |
| 750000 | 4.000 | 09/01/48 | 731643 |
| Newton KS GO Bonds (Refunding) Series A (AA-/NR)<sup>(a)</sup> | Newton KS GO Bonds (Refunding) Series A (AA-/NR)<sup>(a)</sup> | Newton KS GO Bonds (Refunding) Series A (AA-/NR)<sup>(a)</sup> | Newton KS GO Bonds (Refunding) Series A (AA-/NR)<sup>(a)</sup> |
| 1555000 | 3.000 | 09/01/27 | 1559158 |
| 1180000 | 3.000 | 09/01/28 | 1182571 |
| Osage County KS GO Bonds (Refunding) Series A (AA-/NR)<sup>(a)</sup> | Osage County KS GO Bonds (Refunding) Series A (AA-/NR)<sup>(a)</sup> | Osage County KS GO Bonds (Refunding) Series A (AA-/NR)<sup>(a)</sup> | Osage County KS GO Bonds (Refunding) Series A (AA-/NR)<sup>(a)</sup> |
| 570000 | 3.000 | 09/01/36 | 572056 |
| 350000 | 3.000 | 09/01/38 | 345704 |
| 575000 | 3.000 | 09/01/41 | 539512 |

---

------

THE KANSAS TAX-FREE INTERMEDIATE BOND FUND

*January 31, 2023 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** |
| **Kansas – (continued)** | **Kansas – (continued)** | **Kansas – (continued)** | **Kansas – (continued)** |
| Riley County KS Unified School District No. 383 GO Bonds (Prerefunded-Refunding) Series 2016 (NR/NR)<sup>(a)(b)</sup> | Riley County KS Unified School District No. 383 GO Bonds (Prerefunded-Refunding) Series 2016 (NR/NR)<sup>(a)(b)</sup> | Riley County KS Unified School District No. 383 GO Bonds (Prerefunded-Refunding) Series 2016 (NR/NR)<sup>(a)(b)</sup> | Riley County KS Unified School District No. 383 GO Bonds (Prerefunded-Refunding) Series 2016 (NR/NR)<sup>(a)(b)</sup> |
| $170000 | 3.000% | 09/01/30 | $174882 |
| Riley County KS Unified School District No. 383 GO Bonds (Unrerefunded-Refunding) Series 2016 (NR/Aa2)<sup>(a)</sup> | Riley County KS Unified School District No. 383 GO Bonds (Unrerefunded-Refunding) Series 2016 (NR/Aa2)<sup>(a)</sup> | Riley County KS Unified School District No. 383 GO Bonds (Unrerefunded-Refunding) Series 2016 (NR/Aa2)<sup>(a)</sup> | Riley County KS Unified School District No. 383 GO Bonds (Unrerefunded-Refunding) Series 2016 (NR/Aa2)<sup>(a)</sup> |
| 1830000 | 3.000 | 09/01/30 | 1847629 |
| Scott County KS Unified School District No. 466 GO Bonds Series A (NR/A2)<sup>(a)(b)</sup> | Scott County KS Unified School District No. 466 GO Bonds Series A (NR/A2)<sup>(a)(b)</sup> | Scott County KS Unified School District No. 466 GO Bonds Series A (NR/A2)<sup>(a)(b)</sup> | Scott County KS Unified School District No. 466 GO Bonds Series A (NR/A2)<sup>(a)(b)</sup> |
| 920000 | 5.000 | 09/01/28 | 983217 |
| 965000 | 5.000 | 09/01/29 | 1031309 |
| Sedgwick County KS Unified School District No. 260 GO Bonds (Refunding) Series 2016 (NR/Aa3) | Sedgwick County KS Unified School District No. 260 GO Bonds (Refunding) Series 2016 (NR/Aa3) | Sedgwick County KS Unified School District No. 260 GO Bonds (Refunding) Series 2016 (NR/Aa3) | Sedgwick County KS Unified School District No. 260 GO Bonds (Refunding) Series 2016 (NR/Aa3) |
| 1000000 | 4.000 | 10/01/30 | 1097229 |
| 1000000 | 4.000 | 10/01/31 | 1104099 |
| Sedgwick County KS Unified School District No. 261 GO Bonds Series 2016 (NR/A2)<sup>(a)</sup> | Sedgwick County KS Unified School District No. 261 GO Bonds Series 2016 (NR/A2)<sup>(a)</sup> | Sedgwick County KS Unified School District No. 261 GO Bonds Series 2016 (NR/A2)<sup>(a)</sup> | Sedgwick County KS Unified School District No. 261 GO Bonds Series 2016 (NR/A2)<sup>(a)</sup> |
| 985000 | 3.000 | 11/01/32 | 983896 |
| Sedgwick County KS Unified School District No. 262 GO Bonds (Refunding) Series 2015 (A+/NR)<sup>(a)</sup> | Sedgwick County KS Unified School District No. 262 GO Bonds (Refunding) Series 2015 (A+/NR)<sup>(a)</sup> | Sedgwick County KS Unified School District No. 262 GO Bonds (Refunding) Series 2015 (A+/NR)<sup>(a)</sup> | Sedgwick County KS Unified School District No. 262 GO Bonds (Refunding) Series 2015 (A+/NR)<sup>(a)</sup> |
| 800000 | 4.000 | 09/01/25 | 820535 |
| Sedgwick County KS Unified School District No. 262 GO Bonds Series 2016 (A+/NR)<sup>(a)(b)</sup> | Sedgwick County KS Unified School District No. 262 GO Bonds Series 2016 (A+/NR)<sup>(a)(b)</sup> | Sedgwick County KS Unified School District No. 262 GO Bonds Series 2016 (A+/NR)<sup>(a)(b)</sup> | Sedgwick County KS Unified School District No. 262 GO Bonds Series 2016 (A+/NR)<sup>(a)(b)</sup> |
| 1425000 | 5.000 | 09/01/34 | 1483205 |
| Sedgwick County KS Unified School District No. 265 GO Bonds (Refunding) Series B (NR/Aa3)<sup>(a)</sup> | Sedgwick County KS Unified School District No. 265 GO Bonds (Refunding) Series B (NR/Aa3)<sup>(a)</sup> | Sedgwick County KS Unified School District No. 265 GO Bonds (Refunding) Series B (NR/Aa3)<sup>(a)</sup> | Sedgwick County KS Unified School District No. 265 GO Bonds (Refunding) Series B (NR/Aa3)<sup>(a)</sup> |
| 1300000 | 4.000 | 10/01/29 | 1367744 |
| Sedgwick County KS Unified School District No. 266 GO Bonds Series A (AA/NR) | Sedgwick County KS Unified School District No. 266 GO Bonds Series A (AA/NR) | Sedgwick County KS Unified School District No. 266 GO Bonds Series A (AA/NR) | Sedgwick County KS Unified School District No. 266 GO Bonds Series A (AA/NR) |
| 300000 | 3.000 | 09/01/26 | 305625 |
| 715000 | 4.000 <sup>(a)</sup> | 09/01/29 | 761134 |
| Sedgwick County KS Unified School District No. 268 GO Bond (Refunding) Series B (A+/NR) | Sedgwick County KS Unified School District No. 268 GO Bond (Refunding) Series B (A+/NR) | Sedgwick County KS Unified School District No. 268 GO Bond (Refunding) Series B (A+/NR) | Sedgwick County KS Unified School District No. 268 GO Bond (Refunding) Series B (A+/NR) |
| 885000 | 3.000 | 09/01/28 | 903733 |
| Sedgwick County KS Unified School District No. 268 GO Bond (Taxable-Refunding) Series A (A+/NR) | Sedgwick County KS Unified School District No. 268 GO Bond (Taxable-Refunding) Series A (A+/NR) | Sedgwick County KS Unified School District No. 268 GO Bond (Taxable-Refunding) Series A (A+/NR) | Sedgwick County KS Unified School District No. 268 GO Bond (Taxable-Refunding) Series A (A+/NR) |
| 440000 | 1.740 | 09/01/28 | 379214 |
| Seward County KS Unified School District No. 480 GO Bonds (Refunding) Series B (A+/A1)<sup>(a)(b)</sup> | Seward County KS Unified School District No. 480 GO Bonds (Refunding) Series B (A+/A1)<sup>(a)(b)</sup> | Seward County KS Unified School District No. 480 GO Bonds (Refunding) Series B (A+/A1)<sup>(a)(b)</sup> | Seward County KS Unified School District No. 480 GO Bonds (Refunding) Series B (A+/A1)<sup>(a)(b)</sup> |
| 700000 | 4.000 | 09/01/30 | 730646 |
| Shawnee County KS Certificates of Participation Series 2015 (NR/Aa2)<sup>(a)</sup> | Shawnee County KS Certificates of Participation Series 2015 (NR/Aa2)<sup>(a)</sup> | Shawnee County KS Certificates of Participation Series 2015 (NR/Aa2)<sup>(a)</sup> | Shawnee County KS Certificates of Participation Series 2015 (NR/Aa2)<sup>(a)</sup> |
| 485000 | 4.000 | 09/01/30 | 506234 |
| 1000000 | 4.000 | 09/01/31 | 1042085 |
| 1065000 | 5.000 | 09/01/32 | 1129916 |
| Shawnee County KS GO Bonds (Refunding) Series 2015 (NR/Aa1) | Shawnee County KS GO Bonds (Refunding) Series 2015 (NR/Aa1) | Shawnee County KS GO Bonds (Refunding) Series 2015 (NR/Aa1) | Shawnee County KS GO Bonds (Refunding) Series 2015 (NR/Aa1) |
| 450000 | 3.000 | 09/01/23 | 451615 |
| 490000 | 3.000 | 09/01/25 | 497262 |
| Shawnee County KS Public Building Commission Revenue Bond (Expocentre Project) Series 2018 (NR/Aa1)<sup>(a)</sup> | Shawnee County KS Public Building Commission Revenue Bond (Expocentre Project) Series 2018 (NR/Aa1)<sup>(a)</sup> | Shawnee County KS Public Building Commission Revenue Bond (Expocentre Project) Series 2018 (NR/Aa1)<sup>(a)</sup> | Shawnee County KS Public Building Commission Revenue Bond (Expocentre Project) Series 2018 (NR/Aa1)<sup>(a)</sup> |
| 600000 | 4.000 | 09/01/29 | 634681 |
| 650000 | 4.000 | 09/01/30 | 687260 |
| Shawnee County KS Unified School District No. 345 Seaman GO Bonds (Commercial Mortgage Backed Securities-Refunding-Improvement) Series A (NR/Aa3)<sup>(a)(c)</sup> | Shawnee County KS Unified School District No. 345 Seaman GO Bonds (Commercial Mortgage Backed Securities-Refunding-Improvement) Series A (NR/Aa3)<sup>(a)(c)</sup> | Shawnee County KS Unified School District No. 345 Seaman GO Bonds (Commercial Mortgage Backed Securities-Refunding-Improvement) Series A (NR/Aa3)<sup>(a)(c)</sup> | Shawnee County KS Unified School District No. 345 Seaman GO Bonds (Commercial Mortgage Backed Securities-Refunding-Improvement) Series A (NR/Aa3)<sup>(a)(c)</sup> |
| 2000000 | 0.000 | 09/01/23 | 1969765 |
| Shawnee County KS Unified School District No. 437 GO Bonds (Refunding) Series 2015 (AA/NR)<sup>(a)</sup> | Shawnee County KS Unified School District No. 437 GO Bonds (Refunding) Series 2015 (AA/NR)<sup>(a)</sup> | Shawnee County KS Unified School District No. 437 GO Bonds (Refunding) Series 2015 (AA/NR)<sup>(a)</sup> | Shawnee County KS Unified School District No. 437 GO Bonds (Refunding) Series 2015 (AA/NR)<sup>(a)</sup> |
| 910000 | 4.000 | 09/01/27 | 949754 |
| Shawnee County KS Unified School District No. 437 GO Bonds (Refunding) Series 2022 (NR/Aa2)<sup>(a)</sup> | Shawnee County KS Unified School District No. 437 GO Bonds (Refunding) Series 2022 (NR/Aa2)<sup>(a)</sup> | Shawnee County KS Unified School District No. 437 GO Bonds (Refunding) Series 2022 (NR/Aa2)<sup>(a)</sup> | Shawnee County KS Unified School District No. 437 GO Bonds (Refunding) Series 2022 (NR/Aa2)<sup>(a)</sup> |
| 1400000 | 5.000 | 09/01/39 | 1617968 |

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---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** |
| **Kansas – (continued)** | **Kansas – (continued)** | **Kansas – (continued)** | **Kansas – (continued)** |
| State of Kansas Department of Transportation High Way Revenue Bonds Series A (AA/Aa2) | State of Kansas Department of Transportation High Way Revenue Bonds Series A (AA/Aa2) | State of Kansas Department of Transportation High Way Revenue Bonds Series A (AA/Aa2) | State of Kansas Department of Transportation High Way Revenue Bonds Series A (AA/Aa2) |
| $1000000 | 5.000% | 09/01/27 | $1121008 |
| 1250000 | 5.000 <sup>(a)</sup> | 09/01/32 | 1397115 |
| University of Kansas Hospital Authority (Health Facilities) Revenue Bonds Series A (AA-/NR) | University of Kansas Hospital Authority (Health Facilities) Revenue Bonds Series A (AA-/NR) | University of Kansas Hospital Authority (Health Facilities) Revenue Bonds Series A (AA-/NR) | University of Kansas Hospital Authority (Health Facilities) Revenue Bonds Series A (AA-/NR) |
| 1500000 | 5.000 | 03/01/28 | 1685230 |
| 1930000 | 5.000 <sup>(a)</sup> | 09/01/48 | 2051619 |
| Washburn University KS Revenue Bonds Series A (Refunding) (AGM) (AA/A1) | Washburn University KS Revenue Bonds Series A (Refunding) (AGM) (AA/A1) | Washburn University KS Revenue Bonds Series A (Refunding) (AGM) (AA/A1) | Washburn University KS Revenue Bonds Series A (Refunding) (AGM) (AA/A1) |
| 490000 | 4.000 | 07/01/26 | 514138 |
| 515000 | 4.000 | 07/01/27 | 546696 |
| 555000 | 4.000 | 07/01/29 | 600748 |
| Wichita KS GO Bonds (AMT-Airport) Series C (AA+/Aa2) | Wichita KS GO Bonds (AMT-Airport) Series C (AA+/Aa2) | Wichita KS GO Bonds (AMT-Airport) Series C (AA+/Aa2) | Wichita KS GO Bonds (AMT-Airport) Series C (AA+/Aa2) |
| 590000 | 5.000 | 12/01/25 | 633014 |
| Wichita KS GO Bonds Series B (AMT) (AA+/Aa2)<sup>(a)</sup> | Wichita KS GO Bonds Series B (AMT) (AA+/Aa2)<sup>(a)</sup> | Wichita KS GO Bonds Series B (AMT) (AA+/Aa2)<sup>(a)</sup> | Wichita KS GO Bonds Series B (AMT) (AA+/Aa2)<sup>(a)</sup> |
| 940000 | 4.000 | 12/01/42 | 947188 |
| Wichita KS Sales Tax Special Obligation Revenue Bonds (River District Stadium Star Bond Project) Series 2018 (NR/A1)<sup>(a)</sup> | Wichita KS Sales Tax Special Obligation Revenue Bonds (River District Stadium Star Bond Project) Series 2018 (NR/A1)<sup>(a)</sup> | Wichita KS Sales Tax Special Obligation Revenue Bonds (River District Stadium Star Bond Project) Series 2018 (NR/A1)<sup>(a)</sup> | Wichita KS Sales Tax Special Obligation Revenue Bonds (River District Stadium Star Bond Project) Series 2018 (NR/A1)<sup>(a)</sup> |
| 1000000 | 5.000 | 09/01/32 | 1123715 |
| Wichita KS Water & Sewer Utility Revenue Bonds (Refunding) Series B (AA-/NR)<sup>(a)</sup> | Wichita KS Water & Sewer Utility Revenue Bonds (Refunding) Series B (AA-/NR)<sup>(a)</sup> | Wichita KS Water & Sewer Utility Revenue Bonds (Refunding) Series B (AA-/NR)<sup>(a)</sup> | Wichita KS Water & Sewer Utility Revenue Bonds (Refunding) Series B (AA-/NR)<sup>(a)</sup> |
| 415000 | 4.000 | 10/01/26 | 426904 |
| Wichita KS Water & Sewer Utility Revenue Bonds Series A (AA-/NR)<sup>(a)</sup> | Wichita KS Water & Sewer Utility Revenue Bonds Series A (AA-/NR)<sup>(a)</sup> | Wichita KS Water & Sewer Utility Revenue Bonds Series A (AA-/NR)<sup>(a)</sup> | Wichita KS Water & Sewer Utility Revenue Bonds Series A (AA-/NR)<sup>(a)</sup> |
| 1560000 | 4.000 | 10/01/29 | 1662235 |
| Wyandotte County Kansas City KS Unified Government Utility System Revenue Bonds (Refunding & Improvement) Series A (A/A2)<sup>(a)(b)</sup> | Wyandotte County Kansas City KS Unified Government Utility System Revenue Bonds (Refunding & Improvement) Series A (A/A2)<sup>(a)(b)</sup> | Wyandotte County Kansas City KS Unified Government Utility System Revenue Bonds (Refunding & Improvement) Series A (A/A2)<sup>(a)(b)</sup> | Wyandotte County Kansas City KS Unified Government Utility System Revenue Bonds (Refunding & Improvement) Series A (A/A2)<sup>(a)(b)</sup> |
| 1000000 | 5.000 | 09/01/26 | 1037050 |
| 1000000 | 4.250 | 09/01/39 | 1003067 |
| Wyandotte County KS School District No. 204 GO Bonds Series A (NR/Aa3)<sup>(a)</sup> | Wyandotte County KS School District No. 204 GO Bonds Series A (NR/Aa3)<sup>(a)</sup> | Wyandotte County KS School District No. 204 GO Bonds Series A (NR/Aa3)<sup>(a)</sup> | Wyandotte County KS School District No. 204 GO Bonds Series A (NR/Aa3)<sup>(a)</sup> |
| 1000000 | 3.000 | 09/01/37 | 933893 |
| Wyandotte County KS School District No. 500 GO Bonds Series A (AA-/Aa3)<sup>(a)(b)</sup> | Wyandotte County KS School District No. 500 GO Bonds Series A (AA-/Aa3)<sup>(a)(b)</sup> | Wyandotte County KS School District No. 500 GO Bonds Series A (AA-/Aa3)<sup>(a)(b)</sup> | Wyandotte County KS School District No. 500 GO Bonds Series A (AA-/Aa3)<sup>(a)(b)</sup> |
| 500000 | 5.500 | 09/01/47 | 556835 |
|  |  |  | 126746200 |
| **Missouri – 1.3%** | **Missouri – 1.3%** | **Missouri – 1.3%** | **Missouri – 1.3%** |
| Butler County MO Unified School District R-V GO Bonds COPS Certificates of Participation (Refunding-School Building) Series 2022 (A-/NR)<sup>(a)</sup> | Butler County MO Unified School District R-V GO Bonds COPS Certificates of Participation (Refunding-School Building) Series 2022 (A-/NR)<sup>(a)</sup> | Butler County MO Unified School District R-V GO Bonds COPS Certificates of Participation (Refunding-School Building) Series 2022 (A-/NR)<sup>(a)</sup> | Butler County MO Unified School District R-V GO Bonds COPS Certificates of Participation (Refunding-School Building) Series 2022 (A-/NR)<sup>(a)</sup> |
| 435000 | 3.000 | 04/01/33 | 435520 |
| City of Independence MO Development Authority Revenue GO (Refunding) Bonds Series 2021 (A-/NR) | City of Independence MO Development Authority Revenue GO (Refunding) Bonds Series 2021 (A-/NR) | City of Independence MO Development Authority Revenue GO (Refunding) Bonds Series 2021 (A-/NR) | City of Independence MO Development Authority Revenue GO (Refunding) Bonds Series 2021 (A-/NR) |
| 300000 | 3.000 | 04/01/23 | 300143 |
| 305000 | 3.000 | 04/01/24 | 306224 |
| 315000 | 3.000 | 04/01/25 | 315607 |
| 325000 | 3.000 | 04/01/26 | 325493 |
| 335000 | 3.000 | 04/01/27 | 334900 |
|  |  |  | 2017887 |
| **Nevada<sup>(a)</sup> – 0.6%** | **Nevada<sup>(a)</sup> – 0.6%** | **Nevada<sup>(a)</sup> – 0.6%** | **Nevada<sup>(a)</sup> – 0.6%** |
| Clark County NV GO Bonds (Refunding Las Vegas Convention & Visitors Authority) Series C (AA+/Aa1) | Clark County NV GO Bonds (Refunding Las Vegas Convention & Visitors Authority) Series C (AA+/Aa1) | Clark County NV GO Bonds (Refunding Las Vegas Convention & Visitors Authority) Series C (AA+/Aa1) | Clark County NV GO Bonds (Refunding Las Vegas Convention & Visitors Authority) Series C (AA+/Aa1) |
| 1000000 | 3.000 | 07/01/35 | 966420 |
| **Ohio<sup>(a)</sup> – 0.7%** | **Ohio<sup>(a)</sup> – 0.7%** | **Ohio<sup>(a)</sup> – 0.7%** | **Ohio<sup>(a)</sup> – 0.7%** |
| Elyria OH Library Improvement Revenue Bonds Series 2018 (A+/NR) | Elyria OH Library Improvement Revenue Bonds Series 2018 (A+/NR) | Elyria OH Library Improvement Revenue Bonds Series 2018 (A+/NR) | Elyria OH Library Improvement Revenue Bonds Series 2018 (A+/NR) |
| 1000000 | 4.000 | 12/01/42 | 1003895 |

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------

THE KANSAS TAX-FREE INTERMEDIATE BOND FUND

*January 31, 2023 (Unaudited)* 

---

| | | | |
|:---|:---|:---|:---|
| **Principal<br>Amount** | **Interest<br>Rate** | **Maturity<br>Date** | **Value** |
| **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** | **Municipal Bond Obligations – (continued)** |
| **Oklahoma – 0.7%** | **Oklahoma – 0.7%** | **Oklahoma – 0.7%** | **Oklahoma – 0.7%** |
| McClain County Economic Development Authority Revenue Bonds (Washington Public Schools Project) Series 2022 (A-/NR) | McClain County Economic Development Authority Revenue Bonds (Washington Public Schools Project) Series 2022 (A-/NR) | McClain County Economic Development Authority Revenue Bonds (Washington Public Schools Project) Series 2022 (A-/NR) | McClain County Economic Development Authority Revenue Bonds (Washington Public Schools Project) Series 2022 (A-/NR) |
| $1000000 | 4.000% | 09/01/32 | $1103481 |
| **Texas<sup>(a)</sup> – 1.5%** | **Texas<sup>(a)</sup> – 1.5%** | **Texas<sup>(a)</sup> – 1.5%** | **Texas<sup>(a)</sup> – 1.5%** |
| Arlington TX Higher Education Finance Corp. Revenue Bonds (KIPP Texas, Inc.) Series 2018 (PSF-GTD) (AAA/NR) | Arlington TX Higher Education Finance Corp. Revenue Bonds (KIPP Texas, Inc.) Series 2018 (PSF-GTD) (AAA/NR) | Arlington TX Higher Education Finance Corp. Revenue Bonds (KIPP Texas, Inc.) Series 2018 (PSF-GTD) (AAA/NR) | Arlington TX Higher Education Finance Corp. Revenue Bonds (KIPP Texas, Inc.) Series 2018 (PSF-GTD) (AAA/NR) |
| 1000000 | 4.000 | 08/15/32 | 1047506 |
| Sabine-Neches Navigation District GO Bonds Series 2022 (Sabine - Neches Waterway Project) (NR/Aa2) | Sabine-Neches Navigation District GO Bonds Series 2022 (Sabine - Neches Waterway Project) (NR/Aa2) | Sabine-Neches Navigation District GO Bonds Series 2022 (Sabine - Neches Waterway Project) (NR/Aa2) | Sabine-Neches Navigation District GO Bonds Series 2022 (Sabine - Neches Waterway Project) (NR/Aa2) |
| 500000 | 5.250 | 02/15/38 | 571877 |
| 500000 | 5.250 | 02/15/39 | 568395 |
|  |  |  | 2187778 |
| **Utah<sup>(a)</sup> – 0.8%** | **Utah<sup>(a)</sup> – 0.8%** | **Utah<sup>(a)</sup> – 0.8%** | **Utah<sup>(a)</sup> – 0.8%** |
| Unified Fire Service Area Local Building Authority Lease Revenue Bonds (Refunding) Series 2016 (NR/Aa2) | Unified Fire Service Area Local Building Authority Lease Revenue Bonds (Refunding) Series 2016 (NR/Aa2) | Unified Fire Service Area Local Building Authority Lease Revenue Bonds (Refunding) Series 2016 (NR/Aa2) | Unified Fire Service Area Local Building Authority Lease Revenue Bonds (Refunding) Series 2016 (NR/Aa2) |
| 675000 | 3.000 | 04/01/34 | 679410 |
| Utah State Building Ownership Authority Lease Revenue Bonds (State Facilities Master Lease Program) Series 2016 (AA+/Aa1) | Utah State Building Ownership Authority Lease Revenue Bonds (State Facilities Master Lease Program) Series 2016 (AA+/Aa1) | Utah State Building Ownership Authority Lease Revenue Bonds (State Facilities Master Lease Program) Series 2016 (AA+/Aa1) | Utah State Building Ownership Authority Lease Revenue Bonds (State Facilities Master Lease Program) Series 2016 (AA+/Aa1) |
| 500000 | 3.000 | 05/15/34 | 494602 |
|  |  |  | 1174012 |
| **Wisconsin<sup>(a)</sup> – 0.7%** | **Wisconsin<sup>(a)</sup> – 0.7%** | **Wisconsin<sup>(a)</sup> – 0.7%** | **Wisconsin<sup>(a)</sup> – 0.7%** |
| Wisconsin Health & Educational Facilities Authority Revenue Bonds Series 2022 (A+/A2) | Wisconsin Health & Educational Facilities Authority Revenue Bonds Series 2022 (A+/A2) | Wisconsin Health & Educational Facilities Authority Revenue Bonds Series 2022 (A+/A2) | Wisconsin Health & Educational Facilities Authority Revenue Bonds Series 2022 (A+/A2) |
| 500000 | 5.000 | 12/01/38 | 547249 |
| 500000 | 5.000 | 12/01/39 | 544180 |
|  |  |  | 1091429 |
| **TOTAL MUNICIPAL BOND OBLIGATIONS<br>(Cost $151,146,115)** | **TOTAL MUNICIPAL BOND OBLIGATIONS<br>(Cost $151,146,115)** | **TOTAL MUNICIPAL BOND OBLIGATIONS<br>(Cost $151,146,115)** | $148077125 |
| **Shares** | **Dividend Rate** |  | **Value** |
| **Investment Company – 1.9%** | **Investment Company – 1.9%** | **Investment Company – 1.9%** | **Investment Company – 1.9%** |
| 2775058 | State Street Institutional US<br>Government Money Market<br>Fund – Premier Class<br>4.183% | State Street Institutional US<br>Government Money Market<br>Fund – Premier Class<br>4.183% | 2775058 |
| **TOTAL INVESTMENTS – 100.4%<br>(Cost $153,921,173)** | **TOTAL INVESTMENTS – 100.4%<br>(Cost $153,921,173)** | **TOTAL INVESTMENTS – 100.4%<br>(Cost $153,921,173)** | $150852183 |
| **LIABILITIES IN EXCESS OF OTHER<br> ASSETS – (0.4)%** | **LIABILITIES IN EXCESS OF OTHER<br> ASSETS – (0.4)%** | **LIABILITIES IN EXCESS OF OTHER<br> ASSETS – (0.4)%** | (536262) |
| **NET ASSETS – 100.0%** | **NET ASSETS – 100.0%** | **NET ASSETS – 100.0%** | $150315921 |

---

---

| | |
|:---|:---|
| The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets. | The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets. |
| (a) | Security with "Call" features with resetting interest rates. |
| (b) | Prerefunded security. Maturity date disclosed is prerefunding date. |
| (c) | Security issued with a zero coupon. The actual effective yield of this security is different than the stated coupon due to the accretion of discount. |
| Security ratings disclosed, if any, are issued by Standard & Poor's Ratings Services/Moody's Investors Service and are unaudited. A description of the ratings is available in the Fund's Statement of Additional Information. | Security ratings disclosed, if any, are issued by Standard & Poor's Ratings Services/Moody's Investors Service and are unaudited. A description of the ratings is available in the Fund's Statement of Additional Information. |

---

---

| | |
|:---|:---|
| **Investment Abbreviations:** | **Investment Abbreviations:** |
| AGM | — Insured by Assured Guaranty Municipal Corp. |
| AMBAC | — Insured by American Municipal Bond Assurance Corp. |
| AMT | — Alternative Minimum Tax |
| COPS | — Certificates of Participation |
| GO | — General Obligation |
| NR | — Not Rated |
| PSF-GTD | — Guaranteed by Permanent School Fund |
| WR | — Withdrawn Rating |

---

------

THE COMMERCE FUNDS

*January 31, 2023 (Unaudited)* 

------

**NOTES TO THE SCHEDULE OF INVESTMENTS** 

------

**Investment Valuation —** The Funds' valuation policy is to value investments at fair value.

**Investments and Fair Value Measurements —** U.S. GAAP defines the fair value of a financial instrument as the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (i.e., the exit price); the Funds' policy is to use the market approach. GAAP establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The level in the fair value hierarchy within which the fair value measurement in its entirety falls shall be determined based on the lowest level input that is significant to the fair value measurement in its entirety. The levels used for classifying investments are not necessarily an indication of the risk associated with investing in these investments. The three levels of the fair value hierarchy are described below:

Level 1 — Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities;

Level 2 — Quoted prices in markets that are not active or financial instruments for which significant inputs are observable (including, but not limited to, quoted prices for similar investments, interest rates, prepayment speeds and credit risk), either directly or indirectly;

Level 3 — Prices or valuations that require significant unobservable inputs (including the Adviser's assumptions in determining fair value measurement).

Commerce is subject to the Trust's Board of Trustees oversight and certain reporting and other requirements intended to provide the Trust's Board of Trustees the information needed to oversee Commerce's fair value determinations. The Trust's Board of Trustees (the "Board") has adopted valuation procedures ("Valuation Procedures") that govern the valuation of the portfolio investments held by the Funds, including investments for which market quotations are not readily available. The Trust's Board of Trustees has adopted valuation procedures ("Valuation Procedures") that govern the valuation of the portfolio investments held by the Funds, including investments for which market quotations are not readily available. The Board of Trustees has designated Commerce as the "valuation designee" to make all necessary determinations of fair value for portfolio investments for which market quotations are not readily available. Commerce has established a valuation committee ("Valuation Committee") to undertake the day-to-day responsibility for implementing, performing and maintaining internal controls and procedures related to the valuation of the Funds' portfolio investments. To assess the continuing appropriateness of pricing sources and methodologies, the Valuation Committee regularly performs price verifications and issues challenges as necessary to third party pricing vendors or brokers, and any differences are reviewed in accordance with the Valuation Procedures.

**A. Level 1 and Level 2 Fair Value Investments —** The valuation techniques and significant inputs used in determining the fair values for investments classified as Level 1 and Level 2 are as follows:

**Equity Securities —** Equity securities traded on a U.S. securities exchange or the NASDAQ system, or those located on certain foreign exchanges, including but not limited to the Americas, are valued daily at their last sale price or official closing price on the principal exchange or system on which they are traded. If there is no sale or official closing price or such price is believed by the Adviser to not represent fair value, equity securities may be valued at the closing bid price. To the extent these investments are actively traded, they are classified as Level 1 of the fair value hierarchy, otherwise they are generally classified as Level 2. Certain equity securities containing unique attributes may be classified as Level 2.

Unlisted equity securities for which market quotations are available are valued at the last sale price on the valuation date, or if no sale occurs, at the last bid price, and are generally classified as Level 2.

**Underlying Funds (including Money Market Funds) —** Underlying Funds ("Underlying Funds") include other investment companies in which the Funds may invest. Investments in the Underlying Funds are valued at the NAV per share on the day of valuation. Because the Funds invests in Underlying Funds that fluctuate in value, the Funds' shares will correspondingly fluctuate in value. To the extent these investments are actively traded, they are classified as Level 1 of the fair value hierarchy, otherwise they are generally classified as Level 2. For information regarding an Underlying Fund's accounting policies and investment holdings, please see the Underlying Fund's shareholder report.

**Debt Securities** — Debt securities for which market quotations are readily available are valued daily on the basis of quotations furnished by an independent pricing service or provided by securities dealers. The pricing services may use valuation models or matrix pricing, which consider yield or price with respect to comparable bonds, quotations from bond dealers or by reference to other securities that are considered comparable in characteristics such as rating, interest rate and maturity date, to determine current value. With the exception of treasury securities of G7 countries, which are generally classified as Level 1, these investments are generally classified as Level 2 of the fair value hierarchy.

------

THE COMMERCE FUNDS

*January 31, 2023 (Unaudited)* 

------

**NOTES TO THE SCHEDULE OF INVESTMENTS (continued)** 

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**i. Mortgage-Backed and Asset-Backed Securities** — Mortgage-backed securities represent direct or indirect participations in, or are collateralized by and payable from, mortgage loans secured by residential and/or commercial real estate property. Asset-backed securities include securities whose principal and interest payments are collateralized by pools of other assets or receivables. The value of certain mortgage-backed and asset-backed securities (including adjustable rate mortgage loans) may be particularly sensitive to changes in prevailing interest rates. The value of these securities may also fluctuate in response to the market's perception of the creditworthiness of the issuers.

Asset-backed securities may present credit risks that are not presented by mortgage-backed securities because they generally do not have the benefit of a security interest in collateral that is comparable to mortgage assets. Some asset-backed securities may only have a subordinated claim on collateral.

Collateralized mortgage-backed securities ("CMOs") may exhibit even more price volatility and interest rate risk than other mortgage-backed securities. They may lose liquidity as CMO market makers may choose not to repurchase, or may offer prices, based on current market conditions, that are unacceptable to a Fund based on the Adviser's analysis of the market value of the security.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**ii. Treasury Inflation Indexed Securities —** These are treasury securities in which the principal amount is adjusted daily to keep pace with inflation, as measured by the U.S. Consumer Pricing Index for Urban Consumers. The repayment of the original bond principal upon maturity is guaranteed by the full faith and credit of the U.S. Government. The value of U.S. Treasury inflation protected public obligations will generally fluctuate in response to changes in real interest rates, generally decreasing when real interest rates rise and increasing when real interest rates fall. Inflation-protected bonds typically have lower yields than conventional fixed-rate bonds because of their inflation adjustment feature.

**Short Term Investments** — Short-term investments, except for Government obligations, having a maturity of 60 days or less are generally valued at amortized cost, which approximates fair market value. Government obligations maturing in less than 60 days shall be valued at their market price. With the exception of treasury securities, which are generally classified as Level 1, these investments are classified as Level 2 of the fair value hierarchy.

**When-Issued Securities and Forward Commitments —** When-issued securities, including TBA ("To Be Announced") securities, are securities that are authorized but not yet issued in the market and purchased in order to secure what is considered to be an advantageous price or yield to a Fund. A forward commitment involves entering into a contract to purchase or sell securities, typically on an extended settlement basis, for a fixed price at a future date. The purchase of securities on a when-issued or forward commitment basis involves a risk of loss if the value of the security to be purchased declines before the settlement date. Conversely, the sale of securities on a forward commitment basis involves the risk that the value of the securities sold may increase before the settlement date. Although a Fund will generally purchase securities on a when-issued or forward commitment basis with the intention of acquiring the securities for its portfolio, the Fund may dispose of when-issued securities or forward commitments prior to settlement, which may result in a realized gain or loss.

For financial reporting purposes, cash collateral that has been pledged to cover obligations of a Fund and cash collateral received, if any, is reported separately on the Statements of Assets and Liabilities as receivables/payables for collateral on certain contracts. Non-cash collateral pledged by a Fund, if any, is noted in the Schedules of Investments. There is no collateral held as of January 31, 2023.

**B. Level 3 Fair Value Investments** — The valuation techniques and significant inputs used in determining the fair values for investments classified as Level 3 are as follows:

To the extent that the aforementioned significant inputs are unobservable, or if quotations are not readily available, or if Commerce, or the Valuation Committee on its behalf, believes that such quotations do not accurately reflect fair value, the fair value of a Fund's investments may be determined under valuation procedures approved by the Board. Commerce, consistent with the Funds' procedures and applicable regulatory guidance, may make an adjustment to the most recent valuation prices of either domestic or foreign securities in light of significant events to reflect what it believes to be the fair value of the securities at the time of determining a Fund's NAV. Significant events that could affect a large number of securities in a particular market may include, but are not limited to: significant fluctuations in U.S. or foreign markets; market dislocations; market disruptions; or unscheduled market closings. Significant events that could also affect a single issuer may include, but are not limited to: corporate actions such as reorganizations, mergers and buy outs; ratings downgrades; and bankruptcies.

------

THE COMMERCE FUNDS

*January 31, 2023 (Unaudited)* 

------

**NOTES TO THE SCHEDULE OF INVESTMENTS (continued)** 

------

**C. Fair Value Hierarchy** — The following is a summary of the Funds' investments classified in the fair value hierarchy as of January 31, 2023:

---

| | | | |
|:---|:---|:---|:---|
| **GROWTH**<br> **Investment Type** | **Level 1** | **Level 2** | **Level 3** |
|  **Assets** |  |  |  |
|  Common Stock and/or Other Equity Investments | $172201611 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
|  Exchange Traded Fund | 7034345 |  |  |
|  Investment Company | 3013841 |  |  |
|  **Total** | 182249797 |  |  |
| **VALUE**<br> **Investment Type** | **Level 1** | **Level 2** | **Level 3** |
|  **Assets** |  |  |  |
|  Common Stock and/or Other Equity Investments | $292450888 | $— | $— |
|  Exchange Traded Fund | 7972500 |  |  |
|  Investment Company | 3556906 |  |  |
|  **Total** | 303980294 |  |  |
| **MIDCAP GROWTH**<br> **Investment Type** | **Level 1** | **Level 2** | **Level 3** |
|  **Assets** |  |  |  |
|  Common Stock and/or Other Equity Investments | $215248726 | $— | $— |
|  Exchange Traded Fund | 7906521 |  |  |
|  Investment Company | 3463192 |  |  |
|  **Total** | 226618439 |  |  |
| **BOND**<br> **Investment Type** | **Level 1** | **Level 2** | **Level 3** |
|  **Assets** |  |  |  |
|  Fixed Income |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Corporate Obligations | $976243 | $479262910 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortgage-Backed Obligations |  | 140406305 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Asset-Backed Securities |  | 177322014 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Municipal Bond Obligations |  | 102548285 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Obligations and/or Other U.S. Government Agencies | 104656348 | 5952012 |  |
|  Investment Company | 15706330 |  |  |
|  **Total** | 121338921 | 905491526 |  |
| **SHORT-TERM GOVERNMENT**<br> **Investment Type** | **Level 1** | **Level 2** | **Level 3** |
|  **Assets** |  |  |  |
|  Fixed Income |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Asset-Backed Securities | $— | $452750 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortgage-Backed Obligations |  | 24461197 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Obligations and/or Other U.S. Government Agencies | 12636649 | 5248775 |  |
|  Investment Company | 606960 |  |  |
|  **Total** | 13243609 | 30162722 |  |

---

------

THE COMMERCE FUNDS

*January 31, 2023 (Unaudited)* 

------

**NOTES TO THE SCHEDULE OF INVESTMENTS (continued)** 

------

---

| | | | |
|:---|:---|:---|:---|
| **NATIONAL TAX-FREE INTERMEDIATE BOND**<br> **Investment Type** | **Level 1** | **Level 2** | **Level 3** |
|  **Assets** |  |  |  |
|  Fixed Income |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Municipal Bond Obligations | $— | $379671771 | $— |
|  Investment Company | 8436903 |  |  |
|  **Total** | 8436903 | 379671771 |  |
| **MISSOURI TAX-FREE INTERMEDIATE BOND**<br> **Investment Type** | **Level 1** | **Level 2** | **Level 3** |
|  **Assets** |  |  |  |
|  Fixed Income |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Municipal Bond Obligations | $— | $286547634 | $— |
|  Investment Company | 8947260 |  |  |
|  **Total** | 8947260 | 286547634 |  |
| **KANSAS TAX-FREE INTERMEDIATE BOND**<br> **Investment Type** | **Level 1** | **Level 2** | **Level 3** |
|  **Assets** |  |  |  |
|  Fixed Income |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Municipal Bond Obligations | $— | $148077125 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
|  Investment Company | 2775058 |  |  |
|  **Total** | 2775058 | 148077125 |  |

---

For further information regarding security characteristics, see the Schedules of Investments.

The Funds' risks include, but are not limited to, the following:

**Credit Risk** — The fixed income Funds are subject to credit risk because an issuer or guarantor of a fixed income security may be unable or unwilling to make interest and principal payments when due. A bond's value could decline because of concerns about an issuer's willingness to make such payments.

**High Yield Risk —** The Bond Fund and the Tax-Free Funds are subject to high yield risk. High yield securities are subject to greater levels of credit and liquidity risk. High yield securities are considered speculative with respect to an issuer's ability to make principal and interest payments and may be more volatile than higher-rated securities of similar maturity.

**Interest Rate Risks** — The fixed income Funds are subject to interest rate risk. Interest rate risk is the risk that the value of the Fund's portfolio will decline because of rising interest rates. The magnitude of this decline will often be greater for longer-term, fixed-income securities than shorter-term securities.

**Investment Companies Risk**— ****The Funds may invest, consistent with their respective investment objectives and strategies, in securities of other investment companies subject to statutory limitations prescribed by the Act. These limitations include a prohibition on any Fund acquiring more than 3% of the voting shares of any other investment company, and a prohibition on investing more than 5% of the Fund's total assets in securities of any one investment company or more than 10% of its total assets in securities of all investment companies (except money market funds). The Funds will indirectly bear their proportionate share of any management fees and other expenses paid by such other investment companies.

------

THE COMMERCE FUNDS

*January 31, 2023 (Unaudited)* 

------

**NOTES TO THE SCHEDULE OF INVESTMENTS (continued)** 

------

**LIBOR Risk —** The London Interbank Offered Rate ("LIBOR") is used extensively in the U.S. and globally as a "benchmark" or "reference rate" for various commercial and financial contracts, including corporate and municipal bonds, bank loans, assetbacked and mortgage-related securities, interest rate swaps and other derivatives. For example, debt securities in which a Fund invests may pay interest at floating rates based on LIBOR or may be subject to interest caps or floors based on LIBOR. In addition, issuers of instruments in which a Fund invests may obtain financing at floating rates based on LIBOR, and a Fund may use leverage or borrowings based on LIBOR.

In July of 2017, the head of the UK Financial Conduct Authority ("FCA") announced a desire to phase out the use of LIBOR by the end of 2021. The FCA and ICE Benchmark Administrator announced that most LIBOR settings will no longer be published after December 31, 2021. On March 5, 2021, the administrator of LIBOR announced a delay in the phase out of the majority of the U.S. dollar publications until June 30, 2023, with the remainder of LIBOR publications having ceased on December 31, 2021.The U.S. Federal Reserve, based on the recommendations of the New York Federal Reserve's Alternative Reference Rate Committee (comprised of major derivative market participants and their regulators), has begun publishing SOFR that is intended to replace U.S. dollar LIBOR. Proposals for alternative reference rates for other currencies have also been announced or have already begun publication. Markets are slowly developing in response to these new reference rates. Uncertainty related to the liquidity impact of the change in rates, and how to appropriately adjust these rates at the time of transition, poses risks for the Funds. The effect of any changes to, or discontinuation of, LIBOR on the Funds will depend on, among other things, (1) existing fallback or termination provisions in individual contracts and (2) whether, how, and when industry participants develop and adopt new reference rates and fallbacks for both legacy and new instruments and contracts. The expected discontinuation of LIBOR could have a significant impact on the financial markets in general and may also present heightened risk to market participants, including public companies, investment advisers, investment companies, and broker-dealers. The risks associated with this discontinuation and transition will be exacerbated if the work necessary to effect an orderly transition to an alternative reference rate is not completed in a timely manner. For example, current information technology systems may be unable to accommodate new instruments and rates with features that differ from LIBOR. Accordingly, it is difficult to predict the full impact of the transition away from LIBOR on the Funds until new reference rates and fallbacks for both legacy and new instruments and contracts are commercially accepted and market practices become settled.

**Liquidity Risk —** The fixed income Funds are subject to liquidity risk. Each fixed income Fund may not be able to pay redemption proceeds within the time periods described in the Funds' prospectus because of unusual market conditions, an unusually high number of redemption requests or other reasons. Liquidity risk may result from the lack of an active market or reduced number and capacity of traditional market participants to make a market in fixed income securities, and may be magnified in a rising interest rate environment or other circumstances where investor redemptions from fixed income mutual funds may be higher than normal, causing increased supply in the market due to selling activity. Certain portfolio securities held by the fixed income funds may be less liquid than others, which may make those securities difficult or impossible to sell at an advantageous time or price.

**Market Risk —** Certain securities and other investments held by a Fund may experience increased volatility, illiquidity, or other potentially adverse effects in response to changing market conditions, inflation, changes in interest rates, lack of liquidity in the bond or equity markets, volatility. in the equity markets, market disruptions caused by local or regional events such as war, acts of terrorism, the spread of infectious illness (including epidemics and pandemics) or' other public health issues, recessions or other events or adverse investor sentiment. There is also a risk that a particular style of investing, such as growth, may underperform other styles of investing or the market generally.

General economic conditions and/or the activities of individual companies may cause the value of the securities in `a Fund to increase or decrease, sometimes rapidly or unpredictably. Your shares at redemption may be worth more or less than your initial investment. The value of a security may decline due to general market conditions that are not specifically related to a particular company, such as real or perceived adverse economic conditions, changes in the general outlook for corporate earnings, changes in interest or currency rates, adverse changes to credit markets or adverse investor sentiment generally. The value of a security may also decline due to factors that affect a particular industry or industries such as labor shortages or increased production costs and competitive conditions within an industry. During a general downturn in the securities markets, multiple asset classes may decline in value simultaneously. Equity securities generally have greater price volatility than fixed income securities.

------

THE COMMERCE FUNDS

*January 31, 2023 (Unaudited)* 

------

**NOTES TO THE SCHEDULE OF INVESTMENTS (continued)** 

------

Credit ratings downgrades may also negatively affect securities held by a Fund. Even when markets perform well, there is no assurance that the investments held by a Fund will increase in value along with the broader market. In addition, market risk includes the risk that geopolitical events will disrupt the economy on a national or global level. For instance, local or regional events such as war, terrorism, market manipulation, government defaults, government shutdowns, natural/environmental disasters, the spread of infectious illness (including epidemics or pandemics) or other public health issues, recessions or other events can, all negatively impact the securities markets, which could cause the Funds to lose value. Any market disruptions could also prevent a Fund from executing advantageous investment decisions in a timely manner. Funds that have focused their investments in a region enduring geopolitical market disruption will face higher risks of loss. Thus, investors should closely monitor current market conditions to determine whether a specific Fund meets their individual financial needs and tolerance for risk.

**Mid-Cap and Small-Cap Risk** — The Growth, Value and MidCap Growth Funds are subject to the risks associated with investing in equity securities of mid- and small-cap companies. Investing in securities of smaller and mid-sized companies may be riskier than investing in larger, more established companies. Smaller and mid-sized companies are more vulnerable to adverse developments because of more limited product lines, markets or financial resources. Also, these stocks may trade less often and in limited volume compared to larger cap stocks trading on a national securities exchange. The prices of these stocks may be more volatile than the prices of larger company stocks. As a result, a Fund's net asset value may be subject to rapid and substantial changes.

**Non-Diversified Risk —** The Growth Fund is classified as a non-diversified fund under the Act. Non-diversified funds typically hold fewer securities than diversified funds do. Consequently, the change in value of any one security may affect the overall value of a non-diversified portfolio more than it would a diversified portfolio.

**Portfolio Concentration Risk** — The Missouri Tax-Free Intermediate Bond and Kansas Tax-Free Intermediate Bond Funds invest a large percentage of their assets in obligations of issuers within Missouri and Kansas, respectively. Therefore, they are subject to possible concentration risks associated with economic, political or legal developments or industrial or regional matters specifically affecting those states.

Under normal market conditions, The Missouri Tax-Free Intermediate Bond Fund and The Kansas Tax-Free Intermediate Bond Fund invest at least 80% of their assets plus any borrowings for investment purposes (measured at the time of purchase) in Missouri and Kansas municipal securities, respectively, the income from which, in the opinion of bond counsel, is exempt from regular federal income tax, federal alternative minimum taxes and Missouri and Kansas state taxes, respectively. Alternatively, at least 80% of a Fund's distributed income must be exempt from such taxes. For each of the Missouri and Kansas Tax-Free Funds, the actual payment of principal and interest on Missouri and Kansas municipal securities is dependent on the Missouri General Assembly and the Kansas legislature, respectively, allotting money each fiscal year for these payments.

The investments of The Growth, Value and MidCap Growth Funds may be concentrated in securities of technology companies. At times, securities of technology companies may experience significant price fluctuations. The Value Fund's performance may be adversely affected by events affecting the financial sectors, if it invests a relatively large percentage of its assets in those sectors. The financial sectors can be significantly affected by changes in interest rates, government regulation, the rate of corporate and consumer debt defaulted, price competition, and the availability and cost of capital. The MidCap Growth Fund concentrates in mid-cap stocks. Investing in smaller and mid-sized companies may be riskier than investing in larger, more established companies.

The Bond and Short-Term Government Funds may invest 80% and 100%, respectively, of their total assets in mortgage-related securities and The Bond Fund may invest 80% of its total assets in asset-backed securities. Mortgage-backed securities, especially collateralized mortgage-backed securities, may be subject to risks that include price volatility, liquidity, and enhanced sensitivity to interest rates. As a result, mortgage-backed securities may be more difficult to value and liquidate, if necessary. Mortgage-backed securities are also subject to prepayment risk, which may result in a decreased rate of return and a decline in the value of the securities. Asset-backed securities are dependent upon payment of the underlying consumer loans or receivables by individuals, and the certificate holder frequently has no recourse against the entity that originated the loans or receivables. Asset-backed securities have a greater risk of default during periods of economic downturn than other securities. Also, asset-backed securities may be less liquid than other securities and therefore more difficult to value and liquidate, if necessary.

**Quantitative Model Risk —** The Growth, Value and MidCap Growth Funds are subject to the risk that securities selected using quantitative models may perform differently from the market as a whole for many reasons, including the factors used in building the model and the weights placed on each factor, among others. The quantitative models used by the Adviser to manage The Growth, Value and MidCap Growth Funds may not perform as expected, particularly in volatile markets.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** COMMERCE FUNDS

- **b. Investment Company Act file number:** 811-08598

- **c. CIK number of Registrant:** 0000926243

- **d. LEI of Registrant:** 5493008VDCPHK1O3IK55

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

  - **Street Address 1:** 1000 Walnut Street, Suite 1580

  - **City:** KANSAS CITY

  - **State:** MO

  - **Foreign country:** US

  - **Zip / Postal Code:** 64106-1809

  - **Telephone number:** 1-800-995-6365

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

- **a. Name of Series:** The National Tax-Free Intermediate Bond Fund

- **b. EDGAR series identifier (if any):** S000010032

- **c. LEI of Series:** 54930084WLX06EKQAJ19

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $392025038.27

**Total Liabilities:** $916246.76

**Net Assets:** $391108791.51

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -673.70000000 | **1-Year:** -19266.72000000 | **5-Year:** -76865.28000000 | **10-Year:** -94368.04000000 | **30-Year:** -6719.60000000

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

- **3-Month:** -2.67000000 | **1-Year:** -137.31000000 | **5-Year:** -761.42000000 | **10-Year:** -162.14000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000027733 | 4.12%                | 0.28%                | 2.61%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $14890718.28                               |
| Month 2  | $-827906.81              | $1299561.53                                |
| Month 3  | $0.00                    | $9270367.38                                |

### Schedule of Portfolio Investments

| Name                                                                             | Title                                                        | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| County of Middlesex NJ                                                           | MIDDLESEX CNTY NJ COPS                                       | CUSIP: 596562JV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    705000 | PA      | $744437.84    | 0.19%             | 2026-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| YORK PA YOR 11/26 FIXED 5                                                        | City of York PA                                              | CUSIP: 986812SG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    640000 | PA      | $669379.84    | 0.17%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Woodford Lasalle Livingston Etc Counties Community Unit Sch Dist No 6 Fieldcrest | WOODFORD LASALLE LIVINGSTON ETC CNTYS IL CMNTY UNIT SCH DIST | CUSIP: 979412BS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $763259.91    | 0.20%             | 2031-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Salisbury Township School District                                               | SALISBURY TWP PA SCH DIST                                    | CUSIP: 795424PD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1390000 | PA      | $1432975.88   | 0.37%             | 2027-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Triway Local School District                                                     | TRIWAY OH LOCAL SCH DIST COPS                                | CUSIP: 896863AL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1060000 | PA      | $1132693.63   | 0.29%             | 2031-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204FJL0<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1577227.46   | 0.40%             | 2037-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Eastern Kentucky University                                                      | ESTRN KY UNIV GEN RECPTS                                     | CUSIP: 276552HR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1830000 | PA      | $1874566.91   | 0.48%             | 2040-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Woodford Lasalle Livingston Etc Counties Community Unit Sch Dist No 6 Fieldcrest | WOODFORD LASALLE LIVINGSTON ETC CNTYS IL CMNTY UNIT SCH DIST | CUSIP: 979412BR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $710931.59    | 0.18%             | 2030-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Brandywine Heights Area School District                                          | BRANDYWINE HEIGHTS PA AREA SCH DIST                          | CUSIP: 105352JP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1365000 | PA      | $1365000.00   | 0.35%             | 2023-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Jefferson County Jail Building Corp                                              | JEFFERSON CNTY IN JAIL BLDG CORP LEASE RENT REVENUE          | CUSIP: 472871AW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1955000 | PA      | $2132251.25   | 0.55%             | 2033-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Mississippi Development Bank                                                     | MISSISSIPPI ST DEV BANK SPL OBLG                             | CUSIP: 60534WRD2<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |    400000 | PA      | $417067.60    | 0.11%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware Valley Regional Finance Authority                                       | DELAWARE VLY PA REGL FIN AUTH                                | CUSIP: 246579KY1<br>LEI: 549300HGYP3NW885TT18 | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2520483.63   | 0.64%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Shelbyville Redevelopment Authority                                              | SHELBYVILLE IN REDEV AUTH LEASE RENTAL REVENUE               | CUSIP: 82222NBS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    940000 | PA      | $943498.40    | 0.24%             | 2031-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Rolling Meadows IL                                                       | ROLLING MEADOWS IL                                           | CUSIP: 775694LK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    495000 | PA      | $521643.03    | 0.13%             | 2034-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Salt Lake City UT Airport Revenue                                        | SALT LAKE CITY UT ARPT REVENUE                               | CUSIP: 795576GW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1064921.60   | 0.27%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Housing and Finance Authority                                           | COLORADO ST HSG & FIN AUTH                                   | CUSIP: 196480FN2<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |    310000 | PA      | $298454.21    | 0.08%             | 2024-05-01      | Fixed         | 2.02%                 | No            |                  2 | On Loan: No      |
| Westfield High School Building Corp                                              | WESTFIELD IN HIGH SCH 1995 BLDG CORP                         | CUSIP: 96009AEB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $804206.33    | 0.21%             | 2031-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alaska Municipal Bond Bank Authority                                             | ALASKA ST MUNI BOND BANK AUTH                                | CUSIP: 01179RVA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1024203.10   | 0.26%             | 2024-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Gateway School District Alleghany County                                         | GATEWAY PA SCH DIST ALLEGHANYCNTY                            | CUSIP: 367748MV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $985868.10    | 0.25%             | 2034-10-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Grand Traverse County Hospital Finance Authority                                 | GRAND TRAVERSE CNTY MI HOSP FIN AUTH                         | CUSIP: 386523GS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    495000 | PA      | $548229.43    | 0.14%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky State Property & Building Commission                                    | KENTUCKY ST PROPERTY & BLDGS COMMISSION REVENUES             | CUSIP: 49151FVP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    915000 | PA      | $1005258.35   | 0.26%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| McGregor Independent School District                                             | MCGREGOR TX INDEP SCH DIST                                   | CUSIP: 580730GQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    710000 | PA      | $652375.97    | 0.17%             | 2025-02-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Western Carolina University                                                      | WSTRN CAROLINA NC UNIV                                       | CUSIP: 957897FV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $351437.45    | 0.09%             | 2023-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Shikellamy School District                                                       | SHIKELLAMY PA SCH DIST                                       | CUSIP: 824512RX7<br>LEI: 549300ON6LIU6GE57M97 | Long             | DBT              | MUN               | US        |   1610000 | PA      | $1509096.31   | 0.39%             | 2029-09-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| City of Celina TX                                                                | CELINA TX                                                    | CUSIP: 151141SU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    430000 | PA      | $458724.47    | 0.12%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maine Municipal Bond Bank                                                        | MAINE ST MUNI BOND BANK                                      | CUSIP: 56045R2F5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $937119.20    | 0.24%             | 2037-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Village of Elk Grove Village IL                                                  | ELK GROVE VLG IL                                             | CUSIP: 287299LF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $554039.64    | 0.14%             | 2025-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Education Assistance Agency                                  | PENNSYLVANIA HGR EDU ASSISTANCE AGY LOAN REVENUE             | CUSIP: 70878CAH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $530695.80    | 0.14%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Illinois                                                           | UNIV OF ILLINOIS IL REVENUES                                 | CUSIP: 914353K97<br>LEI: 549300VD8PPC4Q5HK850 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2026467.20   | 0.52%             | 2033-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Columbia Borough School District                                                 | COLUMBIA BORO PA SCH DIST                                    | CUSIP: 197256NE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1790000 | PA      | $1790981.28   | 0.46%             | 2023-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Alaska Municipal Bond Bank Authority                                             | ALASKA ST MUNI BOND BANK AUTH                                | CUSIP: 01179RVE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1105829.50   | 0.28%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| General Authority of Southcentral Pennsylvania                                   | SOUTHCENTRL PA GEN AUTH REVENUE                              | CUSIP: 84129NMY2<br>LEI: 549300QBNU5LBV4QX812 | Long             | DBT              | MUN               | US        |    225000 | PA      | $248247.99    | 0.06%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Katy Independent School District                                                 | KATY TX INDEP SCH DIST                                       | CUSIP: 486063QN3<br>LEI: 254900H9QSKVP2HWVL72 | Long             | DBT              | MUN               | US        |    300000 | PA      | $316321.74    | 0.08%             | 2025-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Portland ME General Airport Revenue                                      | PORTLAND ME ARPT REVENUE                                     | CUSIP: 736564DR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $225865.91    | 0.06%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky State Property & Building Commission                                    | KENTUCKY ST PROPERTY & BLDGS COMMISSION REVENUES             | CUSIP: 49151FWJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $824397.90    | 0.21%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Jenison Public Schools                                                           | JENISON MI PUBLIC SCHS                                       | CUSIP: 476034RC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1110000 | PA      | $1114376.51   | 0.28%             | 2023-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DuPage County School District No 62 Gower                                        | DU PAGE CNTY IL SCH DIST #62 GOWER                           | CUSIP: 263201DQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $553895.15    | 0.14%             | 2030-12-30      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Rolling Meadows IL                                                       | ROLLING MEADOWS IL                                           | CUSIP: 775694LP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    580000 | PA      | $598782.49    | 0.15%             | 2038-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Greenville TX Electric System Revenue                                    | GREENVILLE TX ELEC UTILITY SYS REVENUE                       | CUSIP: 396706HF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1078660.60   | 0.28%             | 2047-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kendall Kane & Will Counties Community Unit School District No 308               | KENDALL KANE & WILL CNTYS IL CMNTY UNIT SCH DIST #308        | CUSIP: 488764WY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1115000 | PA      | $1141625.20   | 0.29%             | 2024-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAINE ST HSG AUTH MTGE PURCHAS MESHSG 11/31 FIXED 2.35                           | Maine State Housing Authority                                | CUSIP: 56052FQL2<br>LEI: 549300SO05LH6D240016 | Long             | DBT              | MUN               | US        |    905000 | PA      | $841768.01    | 0.22%             | 2031-11-15      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA ST FIN AUTH REVENUE                                  | CUSIP: 45506DJF3<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    815000 | PA      | $816267.16    | 0.21%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FINGAUTH GOVTL LEASE REVENUE        | CUSIP: 70869HAW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1212596.63   | 0.31%             | 2024-03-01      | Fixed         | 2.08%                 | No            |                  2 | On Loan: No      |
| MAINE ST HSG AUTH MTGE PURCHAS MESHSG 11/30 FIXED 2.25                           | Maine State Housing Authority                                | CUSIP: 56052FQK4<br>LEI: 549300SO05LH6D240016 | Long             | DBT              | MUN               | US        |    870000 | PA      | $810391.52    | 0.21%             | 2030-11-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| City of Laredo TX                                                                | LAREDO TX                                                    | CUSIP: 516824NM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1740000 | PA      | $1978678.24   | 0.51%             | 2040-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Whitestown Redevelopment Authority                                               | WHITESTOWN IN REDEV AUTH LEASE RENTAL REVENUE                | CUSIP: 966100EE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1644848.40   | 0.42%             | 2033-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Mississippi Development Bank                                                     | MISSISSIPPI ST DEV BANK SPL OBLG                             | CUSIP: 60534WRE0<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |    500000 | PA      | $518761.20    | 0.13%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tennessee Housing Development Agency                                             | TENNESSEE HSG DEV AGY RSDL FIN PROGRAM REVENUE               | CUSIP: 880461FX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $124254.34    | 0.03%             | 2038-01-01      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| Iberia Parishwide School District                                                | IBERIA PARISH LA PARISHWIDE SCH DIST                         | CUSIP: 450812G55<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $477086.72    | 0.12%             | 2028-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Las Cruces NM Joint Utility Revenue                                      | LAS CRUCES NM JT UTILITY REVENUE                             | CUSIP: 517496HG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $524122.60    | 0.13%             | 2030-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Benton AR Municipal Light & Water Works                                  | BENTON AR PUBLIC UTILITY REVENUE                             | CUSIP: 082766LK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $369329.44    | 0.09%             | 2023-09-01      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp                                          | ARLINGTON TX HGR EDU FIN CORP EDU REVENUE                    | CUSIP: 041806NR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    540000 | PA      | $566983.26    | 0.14%             | 2030-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Middlesex NJ                                                           | MIDDLESEX CNTY NJ COPS                                       | CUSIP: 596562JW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $536209.85    | 0.14%             | 2027-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Shelbyville Redevelopment Authority                                              | SHELBYVILLE IN REDEV AUTH LEASE RENTAL REVENUE               | CUSIP: 82222NBQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    885000 | PA      | $891038.09    | 0.23%             | 2029-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Wayne County Hospital & Health Facilities Authority                              | WAYNE CNTY PA HOSP & HLTH FACS AUTH CNTY GTD HOSP REVENUE    | CUSIP: 946016JM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $568226.01    | 0.15%             | 2025-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Kendall Kane & Will Counties Community Unit School District No 308               | KENDALL KANE & WILL CNTYS IL CMNTY UNIT SCH DIST #308        | CUSIP: 488764YS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1035000 | PA      | $1060230.51   | 0.27%             | 2024-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Salt Lake City UT Airport Revenue                                        | SALT LAKE CITY UT ARPT REVENUE                               | CUSIP: 795576GM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $549046.75    | 0.14%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Griffith Redevelopment Authority                                                 | GRIFFITH IN REDEV AUTH LEASE RENT REVENUE                    | CUSIP: 398346CY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    585000 | PA      | $583776.18    | 0.15%             | 2033-07-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Rolling Meadows IL                                                       | ROLLING MEADOWS IL                                           | CUSIP: 775694LQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $615832.50    | 0.16%             | 2039-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Housing Finance Agency                                             | MASSACHUSETTS ST HSG FIN AGY HSG REVENUE                     | CUSIP: 57587GFL4<br>LEI: 549300NLJBK1VP6K2K81 | Long             | DBT              | MUN               | US        |    710000 | PA      | $610306.70    | 0.16%             | 2032-12-01      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| Dayton City School District                                                      | DAYTON OH CITY SCH DIST COPS                                 | CUSIP: 239851CP1<br>LEI: 549300TTX7U8C4ZEA712 | Long             | DBT              | MUN               | US        |    660000 | PA      | $660931.99    | 0.17%             | 2032-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Lake Central Multi-District School Building Corp                                 | LAKE CENTRAL IN MULTI-DIST SCH BLDG CORP                     | CUSIP: 507686QU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1029090.60   | 0.26%             | 2024-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Grand Blanc Community Schools                                                    | GRAND BLANC MI CMNTY SCHS                                    | CUSIP: 385244LZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $465460.25    | 0.12%             | 2026-05-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45203HN40<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    500000 | PA      | $520491.15    | 0.13%             | 2024-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Housing Finance Agency                                             | MASSACHUSETTS ST HSG FIN AGY HSG REVENUE                     | CUSIP: 57587GFK6<br>LEI: 549300NLJBK1VP6K2K81 | Long             | DBT              | MUN               | US        |    960000 | PA      | $828596.35    | 0.21%             | 2032-06-01      | Fixed         | 1.85%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA ST FIN AUTH HOSP REVENUE                             | CUSIP: 45471ATW2<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    700000 | PA      | $717549.98    | 0.18%             | 2036-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Florida Housing Finance Corp                                                     | FLORIDA ST HSG FIN CORP REVENUE                              | CUSIP: 34074MSX0<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |    535000 | PA      | $513471.07    | 0.13%             | 2027-07-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Carmel Redevelopment Authority                                                   | CARMEL IN REDEV AUTH                                         | CUSIP: 143293BL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4421377.50   | 1.13%             | 2040-07-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| State of Rhode Island                                                            | RHODE ISLAND ST & PROVIDENCE PLANTATIONS LEASE COPS          | CUSIP: 76222WNF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    980000 | PA      | $1062239.44   | 0.27%             | 2033-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA ST FIN AUTH HOSP REVENUE                             | CUSIP: 45471ATS1<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    700000 | PA      | $739818.80    | 0.19%             | 2032-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Gateway School District Alleghany County                                         | GATEWAY PA SCH DIST ALLEGHANYCNTY                            | CUSIP: 367748MW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    795000 | PA      | $758517.77    | 0.19%             | 2035-10-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Vermont Student Assistance Corp                                                  | VERMONT ST STUDENT ASSISTANCECORP EDU LOAN REVENUE           | CUSIP: 92428CLU6<br>LEI: 549300VHYVRSKNFRSZ91 | Long             | DBT              | MUN               | US        |    400000 | PA      | $417408.52    | 0.11%             | 2025-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky State Property & Building Commission                                    | KENTUCKY ST PROPERTY & BLDGS COMMISSION REVENUES             | CUSIP: 49151FNL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $435111.12    | 0.11%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Centre County Hospital Authority                                                 | CENTRE CNTY PA HOSP AUTH                                     | CUSIP: 156273GR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1085283.40   | 0.28%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Shikellamy School District                                                       | SHIKELLAMY PA SCH DIST                                       | CUSIP: 824512RW9<br>LEI: 549300ON6LIU6GE57M97 | Long             | DBT              | MUN               | US        |   1945000 | PA      | $1854884.07   | 0.47%             | 2028-09-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| City of Portland ME General Airport Revenue                                      | PORTLAND ME ARPT REVENUE                                     | CUSIP: 736564DS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $345468.49    | 0.09%             | 2035-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Woodbury IA                                                            | WOODBURY CNTY IA                                             | CUSIP: 979064CH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $532189.40    | 0.14%             | 2031-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Connecticut Housing Finance Authority                                            | CONNECTICUT ST HSG FIN AUTH HSG MTGE FIN PROGRAM             | CUSIP: 20775C8A5<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |    765000 | PA      | $713093.76    | 0.18%             | 2025-11-15      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| Wilkes-Barre Finance Authority                                                   | WILKES-BARRE PA FIN AUTH REVENUE                             | CUSIP: 968254BG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1037265.30   | 0.27%             | 2024-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Winnebago IL                                                           | WINNEBAGO CNTY IL                                            | CUSIP: 974450M62<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    905000 | PA      | $1033991.10   | 0.26%             | 2028-12-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Education Assistance Agency                                  | PENNSYLVANIA HGR EDU ASSISTANCE AGY LOAN REVENUE             | CUSIP: 70878CAJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $565542.02    | 0.14%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                    | OHIO ST HOSP FAC REVENUE                                     | CUSIP: 677561KA9<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1022400.80   | 0.26%             | 2024-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut Housing Finance Authority                                            | CONNECTICUT ST HSG FIN AUTH HSG MTGE FIN PROGRAM             | CUSIP: 20775C8B3<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |    500000 | PA      | $463092.35    | 0.12%             | 2026-05-15      | Fixed         | 2.09%                 | No            |                  2 | On Loan: No      |
| Lake County Community Consolidated School District No 46 Grayslake               | LAKE CNTY IL CMNTY CONSOL SCHDIST #46 GRAYSLAKE              | CUSIP: 508606KY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1017767.50   | 0.26%             | 2023-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                  | CUSIP: 442349FL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1367412.36   | 0.35%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Geary County Unified School District No 475                                      | GEARY CNTY KS UNIF SCH DIST #475                             | CUSIP: 368347BV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $731543.33    | 0.19%             | 2033-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Hazel Park School District                                                       | HAZEL PARK MI SCH DIST                                       | CUSIP: 421560MQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    925000 | PA      | $928163.22    | 0.24%             | 2023-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Maine State Housing Authority                                                    | MAINE ST HSG AUTH MTGE PURCHASE                              | CUSIP: 56052FNU5<br>LEI: 549300SO05LH6D240016 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1278770.61   | 0.33%             | 2024-11-15      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| Connecticut State Higher Education Supplement Loan Authority                     | CONNECTICUT ST HGR EDU SUPPLEMENT LOAN AUTH REVENUE          | CUSIP: 207743QQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    560000 | PA      | $564853.58    | 0.14%             | 2024-11-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp                                          | ARLINGTON TX HGR EDU FIN CORP EDU REVENUE                    | CUSIP: 041806H37<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1043722.70   | 0.27%             | 2035-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Arkansas Development Finance Authority                                           | ARKANSAS ST DEV FIN AUTH ST AGY FACS REVENUE                 | CUSIP: 040849DV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    980000 | PA      | $1051419.17   | 0.27%             | 2031-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Iberia Parishwide School District                                                | IBERIA PARISH LA PARISHWIDE SCH DIST                         | CUSIP: 450812F98<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    510000 | PA      | $513062.24    | 0.13%             | 2024-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Rolling Meadows IL                                                       | ROLLING MEADOWS IL                                           | CUSIP: 775694LL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    515000 | PA      | $537944.54    | 0.14%             | 2035-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Education Assistance Agency                                  | PENNSYLVANIA HGR EDU ASSISTANCE AGY LOAN REVENUE             | CUSIP: 70878CAK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $572973.29    | 0.15%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky State Property & Building Commission                                    | KENTUCKY ST PROPERTY & BLDGS COMMISSION REVENUES             | CUSIP: 49151FVK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1080792.20   | 0.28%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Upper Mohawk Valley Memorial Auditorium Authority                                | UPPER MOHAWK VLY NY MEMORIAL AUDITORIUM AUTH REVENUE         | CUSIP: 916087AV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    890000 | PA      | $745539.29    | 0.19%             | 2032-12-01      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Oklahoma Capitol Improvement Authority                                           | OKLAHOMA ST CAPITOL IMPT AUTH ST FACS REVENUE                | CUSIP: 679088HK3<br>LEI: 549300LYHYBINTZ5AY71 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2030845.00   | 0.52%             | 2038-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | ARIZONA ST INDL DEV AUTH REVENUE                             | CUSIP: 04052ADV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1197380.30   | 0.31%             | 2031-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Harris County Municipal Utility District No 105                                  | HARRIS CNTY TX MUNI UTILITY DIST #105                        | CUSIP: 414942VS8<br>LEI: 549300YRGJX0S2AMLW69 | Long             | DBT              | MUN               | US        |    970000 | PA      | $1060561.63   | 0.27%             | 2033-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Countryside IL                                                           | COUNTRYSIDE IL                                               | CUSIP: 222367DU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $493498.95    | 0.13%             | 2024-01-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Zeeland Public Schools                                                           | ZEELAND MI PUBLIC SCHS                                       | CUSIP: 989258PU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003033.10   | 0.26%             | 2033-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Peoria County Community Unit School District No 323                              | PEORIA CNTY IL CMNTY UNIT SCHDIST #323                       | CUSIP: 713163KH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    815000 | PA      | $826365.50    | 0.21%             | 2033-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Rolling Meadows IL                                                       | ROLLING MEADOWS IL                                           | CUSIP: 775694LN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    555000 | PA      | $574703.67    | 0.15%             | 2037-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Triway Local School District                                                     | TRIWAY OH LOCAL SCH DIST COPS                                | CUSIP: 896863AK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1073119.20   | 0.27%             | 2030-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Washington Health Care Facilities Authority                                      | WASHINGTON ST HLTH CARE FACS AUTH                            | CUSIP: 93978HMX0<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |    495000 | PA      | $521750.25    | 0.13%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mississippi Development Bank                                                     | MISSISSIPPI ST DEV BANK SPL OBLG                             | CUSIP: 60534WRF7<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |    400000 | PA      | $414387.28    | 0.11%             | 2032-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Portland ME General Airport Revenue                                      | PORTLAND ME ARPT REVENUE                                     | CUSIP: 736564DF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    470000 | PA      | $479198.84    | 0.12%             | 2024-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Hazard KY                                                                | HAZARD KY HLTHCARE REVENUE                                   | CUSIP: 421381AP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    855000 | PA      | $971568.99    | 0.25%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Shelbyville Redevelopment Authority                                              | SHELBYVILLE IN REDEV AUTH LEASE RENTAL REVENUE               | CUSIP: 82222NBT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    485000 | PA      | $522536.19    | 0.13%             | 2032-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Hazel Park School District                                                       | HAZEL PARK MI SCH DIST                                       | CUSIP: 421560MR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1135000 | PA      | $1155200.96   | 0.30%             | 2024-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lake County Community Consolidated School District No 73 Hawthorn                | LAKE CNTY IL CMNTY CONSOL SCH DIST #73 HAWTHORN              | CUSIP: 508759KS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2450000 | PA      | $2576855.12   | 0.66%             | 2033-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| University of New Mexico/The                                                     | UNIV OF NEW MEXICO NM                                        | CUSIP: 914692Z27<br>LEI: 549300WZXG6PIBC7KB43 | Long             | DBT              | MUN               | US        |   1685000 | PA      | $1614081.55   | 0.41%             | 2027-06-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Missouri Development Finance Board                                               | MISSOURI ST DEV FIN BRD INFRASTRUCTURE FACS REVENUE          | CUSIP: 60636SKN3<br>LEI: 549300JD8BCNBV9D3830 | Long             | DBT              | MUN               | US        |    810000 | PA      | $869722.68    | 0.22%             | 2030-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Hazard KY                                                                | HAZARD KY HLTHCARE REVENUE                                   | CUSIP: 421381AQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1443843.41   | 0.37%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Toledo                                                             | UNIV OF TOLEDO OH                                            | CUSIP: 915138MR9<br>LEI: 549300530V11GF5PZA78 | Long             | DBT              | MUN               | US        |    700000 | PA      | $706532.40    | 0.18%             | 2036-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                             | CONNECTICUT ST                                               | CUSIP: 20772KMV8<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |   1555000 | PA      | $1565868.83   | 0.40%             | 2032-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Housing Development Authority                                     | MICHIGAN ST HSG DEV AUTH RENTAL HSG REVENUE                  | CUSIP: 59465MZ73<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |    470000 | PA      | $460523.72    | 0.12%             | 2028-04-01      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| Greeneville Health & Educational Facilities Board                                | GREENEVILLE TN HLTH & EDUCTNL FACS BRD HOSP REVENUE          | CUSIP: 396649EM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $657093.00    | 0.17%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Special Care Facilities Financing Authority of the City of Pell City Alabama     | PELL CITY AL SPL CARE FACS FING AUTH REVENUE                 | CUSIP: 705888CB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2255000 | PA      | $2491993.74   | 0.64%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Peoria County Community Unit School District No 323                              | PEORIA CNTY IL CMNTY UNIT SCHDIST #323                       | CUSIP: 713163KG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    780000 | PA      | $796064.41    | 0.20%             | 2032-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Little Falls City School District                                                | LITTLE FALLS NY CITY SCH DIST                                | CUSIP: 537160FZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1305000 | PA      | $1206415.73   | 0.31%             | 2033-02-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Scott County Unified School District No 466 Scott City                           | SCOTT CNTY KS UNIF SCH DIST #466                             | CUSIP: 809510EB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1015000 | PA      | $1084744.61   | 0.28%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Housing Finance Corp                                                     | FLORIDA ST HSG FIN CORP REVENUE                              | CUSIP: 34074MTA9<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |    520000 | PA      | $487883.92    | 0.12%             | 2029-01-01      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| City of Ventnor City NJ                                                          | VENTNOR CITY NJ                                              | CUSIP: 922799RK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    730000 | PA      | $786968.76    | 0.20%             | 2028-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Luxemburg-Casco School District/Brown & Kewaunee Counties WI                     | LUXEMBURG-CASCO WI SCH DIST BROWN & KEWAUNEE CNTYS           | CUSIP: 550670GK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    520000 | PA      | $553143.34    | 0.14%             | 2030-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Peoria IL                                                                | PEORIA IL                                                    | CUSIP: 7131765G6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1205000 | PA      | $1228035.86   | 0.31%             | 2024-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Upper Mohawk Valley Memorial Auditorium Authority                                | UPPER MOHAWK VLY NY MEMORIAL AUDITORIUM AUTH REVENUE         | CUSIP: 916087AX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    940000 | PA      | $784537.91    | 0.20%             | 2034-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Wilson School District                                                           | WILSON PA SCH DIST                                           | CUSIP: 972369QP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    840000 | PA      | $882144.98    | 0.23%             | 2027-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Iberia Parishwide School District                                                | IBERIA PARISH LA PARISHWIDE SCH DIST                         | CUSIP: 450812G30<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $577491.42    | 0.15%             | 2026-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Village of Elk Grove Village IL                                                  | ELK GROVE VLG IL                                             | CUSIP: 287299LJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $576239.21    | 0.15%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alaska Municipal Bond Bank Authority                                             | ALASKA ST MUNI BOND BANK AUTH                                | CUSIP: 01179RLD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $468417.78    | 0.12%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ingham County Building Authority                                                 | INGHAM CNTY MI BLDG AUTH                                     | CUSIP: 457003KZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1485000 | PA      | $1331208.65   | 0.34%             | 2031-05-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Jackson College/MI                                                               | JACKSON CLG MI                                               | CUSIP: 46723MBV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    940000 | PA      | $951265.81    | 0.24%             | 2025-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| State of Rhode Island                                                            | RHODE ISLAND ST & PROVIDENCE PLANTATIONS LEASE COPS          | CUSIP: 76222WNC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1837522.72   | 0.47%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Rhode Island                                                            | RHODE ISLAND ST & PROVIDENCE PLANTATIONS LEASE COPS          | CUSIP: 76222WNE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    760000 | PA      | $829195.49    | 0.21%             | 2032-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| South Dakota Housing Development Authority                                       | SOUTH DAKOTA ST HSG DEV AUTH                                 | CUSIP: 83756CLE3<br>LEI: 549300G853EK61667C18 | Long             | DBT              | MUN               | US        |     30000 | PA      | $29832.84     | 0.01%             | 2025-05-01      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Eastern Pulaski Multi-School Building Corp                                       | ESTRN PULASKI IN MULTI-SCH BLDG CORP                         | CUSIP: 27686TAW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    840000 | PA      | $844768.18    | 0.22%             | 2028-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Village of Elk Grove Village IL                                                  | ELK GROVE VLG IL                                             | CUSIP: 287299LG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1140000 | PA      | $1222504.76   | 0.31%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky State Property & Building Commission                                    | KENTUCKY ST PROPERTY & BLDGS COMMISSION REVENUES             | CUSIP: 49151FVN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $824310.08    | 0.21%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Middlesex NJ                                                           | MIDDLESEX CNTY NJ COPS                                       | CUSIP: 596562JX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $536098.60    | 0.14%             | 2028-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Bucks County Technical School Authority                                          | BUCKS CNTY PA TECH SCH AUTH                                  | CUSIP: 118655BW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    685000 | PA      | $717990.29    | 0.18%             | 2036-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| South Dakota Health & Educational Facilities Authority                           | SOUTH DAKOTA ST HLTH & EDUCTNL FACS AUTH                     | CUSIP: 83755VC28<br>LEI: 549300ZW6LKR8UI2C378 | Long             | DBT              | MUN               | US        |    750000 | PA      | $759758.33    | 0.19%             | 2023-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Health Care Facilities Authority                                      | WASHINGTON ST HLTH CARE FACS AUTH                            | CUSIP: 93978HUV5<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |    150000 | PA      | $168569.07    | 0.04%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Harris County Municipal Utility District No 105                                  | HARRIS CNTY TX MUNI UTILITY DIST #105                        | CUSIP: 414942VR0<br>LEI: 549300YRGJX0S2AMLW69 | Long             | DBT              | MUN               | US        |    905000 | PA      | $993484.29    | 0.25%             | 2032-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Mahoning County Career & Technical Center Board of Education                     | MAHONING CNTY OH CAREER & TECH CENTER BRD EDU CTFS           | CUSIP: 56005LDE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $513816.90    | 0.13%             | 2029-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tomorrow River School District                                                   | TOMORROW RIVER WI SCH DIST                                   | CUSIP: 890083DR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1910000 | PA      | $1937713.72   | 0.50%             | 2041-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Luxemburg-Casco School District/Brown & Kewaunee Counties WI                     | LUXEMBURG-CASCO WI SCH DIST BROWN & KEWAUNEE CNTYS           | CUSIP: 550670GL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    765000 | PA      | $812952.19    | 0.21%             | 2031-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Wichita Falls TX                                                         | WICHITA FALLS TX                                             | CUSIP: 967120E44<br>LEI: 549300NTFETNSK7HXG80 | Long             | DBT              | MUN               | US        |    880000 | PA      | $933414.24    | 0.24%             | 2031-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Shelbyville Redevelopment Authority                                              | SHELBYVILLE IN REDEV AUTH LEASE RENTAL REVENUE               | CUSIP: 82222NBR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    910000 | PA      | $914533.80    | 0.23%             | 2030-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| McClain County Economic Development Authority                                    | MCCLAIN CNTY OK ECON DEV AUTH EDUCTNL FACS LEASE REVENUE     | CUSIP: 57947PEC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2100549.00   | 0.54%             | 2036-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Grand Blanc Community Schools                                                    | GRAND BLANC MI CMNTY SCHS                                    | CUSIP: 385244MA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1875000 | PA      | $1727091.94   | 0.44%             | 2026-11-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| City of Corpus Christi TX Utility System Revenue                                 | CORPUS CHRISTI TX UTILITY SYSREVENUE                         | CUSIP: 220245J62<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1770000 | PA      | $1550295.03   | 0.40%             | 2040-07-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Kyle TX                                                                  | KYLE TX                                                      | CUSIP: 501552JN4<br>LEI: 549300K0SYODYQ0ANN48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1031720.60   | 0.26%             | 2026-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Whiteside & Lee Counties Community Unit School District No 5 Sterling            | WHITESIDE & LEE CNTYS IL CMNTY UNIT SCH DIST #5 STERLIN      | CUSIP: 965672FM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    690000 | PA      | $744315.77    | 0.19%             | 2033-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Mexico Mortgage Finance Authority                                            | NEW MEXICO ST MTGE FIN AUTH                                  | CUSIP: 647201RB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    520000 | PA      | $472072.59    | 0.12%             | 2032-03-01      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| Orange County Convention Center/Orlando                                          | ORANGE CNTY FL TOURIST DEV TAX                               | CUSIP: 684545YB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2033028.40   | 0.52%             | 2023-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Grand Traverse County Hospital Finance Authority                                 | GRAND TRAVERSE CNTY MI HOSP FIN AUTH                         | CUSIP: 386523GQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    445000 | PA      | $495479.29    | 0.13%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kane County Forest Preserve District                                             | KANE CNTY IL FOREST PRESERVE DIST                            | CUSIP: 483862NA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1695000 | PA      | $1723635.84   | 0.44%             | 2026-12-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Education Assistance Agency                                  | PENNSYLVANIA HGR EDU ASSISTANCE AGY LOAN REVENUE             | CUSIP: 70878CAL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    535000 | PA      | $590211.14    | 0.15%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Leflore County Public Facility Authority                                         | LEFLORE CNTY OK PUBLIC FAC AUTH EDU FAC LEASE REVENUE        | CUSIP: 52464GAU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1446092.60   | 0.37%             | 2028-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                 | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE         | CUSIP: 7092242G3<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    335000 | PA      | $309854.10    | 0.08%             | 2026-12-01      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| Maine State Housing Authority                                                    | MAINE ST HSG AUTH MTGE PURCHASE                              | CUSIP: 56052FNV3<br>LEI: 549300SO05LH6D240016 | Long             | DBT              | MUN               | US        |    835000 | PA      | $818799.91    | 0.21%             | 2025-11-15      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| Missouri Development Finance Board                                               | MISSOURI ST DEV FIN BRD INFRASTRUCTURE FACS REVENUE          | CUSIP: 60636SKL7<br>LEI: 549300JD8BCNBV9D3830 | Long             | DBT              | MUN               | US        |    850000 | PA      | $903354.76    | 0.23%             | 2028-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Middletown OH                                                            | MIDDLETOWN OH                                                | CUSIP: 597129DW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    935000 | PA      | $1050928.78   | 0.27%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wayne County Hospital & Health Facilities Authority                              | WAYNE CNTY PA HOSP & HLTH FACS AUTH CNTY GTD HOSP REVENUE    | CUSIP: 946016JQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $434463.52    | 0.11%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Will County Community Unit School District No 365-U Valley View                  | WILL CNTY IL CMNTY UNIT SCH DIST #365 VLY VIEW               | CUSIP: 969078RS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4770000 | PA      | $4683698.30   | 1.20%             | 2023-11-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Akron OH Income Tax Revenue                                              | AKRON OH INCOME TAX REVENUE                                  | CUSIP: 010056MU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1080661.90   | 0.28%             | 2033-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Dayton-Montgomery County Port Authority                                          | DAYTON-MONTGOMERY CNTY OH PORT AUTH DEV REVENUE              | CUSIP: 23981MAW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    430000 | PA      | $378414.84    | 0.10%             | 2031-11-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Placentia-Yorba Linda Unified School District                                    | PLACENTIA-YORBA LINDA CA UNIF SCH DIST                       | CUSIP: 725894MM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1345000 | PA      | $1274508.55   | 0.33%             | 2036-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Village of Round Lake IL                                                         | ROUND LAKE IL                                                | CUSIP: 779137HZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    815000 | PA      | $825128.33    | 0.21%             | 2024-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Bryan County School Finance Authority                                            | BRYAN CNTY OK SCH FIN AUTH EDUCTNL FACS LEASE REVENUE        | CUSIP: 117510BX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    895000 | PA      | $914907.75    | 0.23%             | 2024-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Berwick Area School District                                                     | BERWICK PA AREA SCH DIST                                     | CUSIP: 086187NP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    685000 | PA      | $674214.95    | 0.17%             | 2035-11-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Florida Housing Finance Corp                                                     | FLORIDA ST HSG FIN CORP REVENUE                              | CUSIP: 34074MSZ5<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |    515000 | PA      | $482902.93    | 0.12%             | 2028-07-01      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA ST FIN AUTH REVENUE                                  | CUSIP: 45506DNF8<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    540000 | PA      | $552319.83    | 0.14%             | 2025-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Village of Palos Park IL                                                         | PALOS PARK VLG IL                                            | CUSIP: 697579DE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    595000 | PA      | $534305.54    | 0.14%             | 2041-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| City of Kyle TX                                                                  | KYLE TX                                                      | CUSIP: 501552MX8<br>LEI: 549300K0SYODYQ0ANN48 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1547065.95   | 0.40%             | 2037-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Benton AR Municipal Light & Water Works                                  | BENTON AR PUBLIC UTILITY REVENUE                             | CUSIP: 082766LN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $463359.30    | 0.12%             | 2026-09-01      | Fixed         | 2.28%                 | No            |                  2 | On Loan: No      |
| City of Akron OH                                                                 | AKRON OH                                                     | CUSIP: 010033R42<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    545000 | PA      | $568711.26    | 0.15%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Bloomington IN                                                           | BLOOMINGTON IN                                               | CUSIP: 094615BW0<br>LEI: 5493005Q4CKD9B975C61 | Long             | DBT              | MUN               | US        |   1365000 | PA      | $1462024.06   | 0.37%             | 2034-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| General Authority of Southcentral Pennsylvania                                   | SOUTHCENTRL PA GEN AUTH REVENUE                              | CUSIP: 84129NMZ9<br>LEI: 549300QBNU5LBV4QX812 | Long             | DBT              | MUN               | US        |    225000 | PA      | $252158.90    | 0.06%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Middlesex NJ                                                           | MIDDLESEX CNTY NJ COPS                                       | CUSIP: 596562JY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    760000 | PA      | $812843.79    | 0.21%             | 2029-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DuPage County School District No 62 Gower                                        | DU PAGE CNTY IL SCH DIST #62 GOWER                           | CUSIP: 263201DX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1365000 | PA      | $1232445.53   | 0.32%             | 2038-12-30      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| New Mexico Mortgage Finance Authority                                            | NEW MEXICO ST MTGE FIN AUTH                                  | CUSIP: 647201RC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    585000 | PA      | $530029.01    | 0.14%             | 2032-09-01      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| City of Kyle TX                                                                  | KYLE TX                                                      | CUSIP: 501552MY6<br>LEI: 549300K0SYODYQ0ANN48 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1533916.65   | 0.39%             | 2038-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | COLORADO ST HLTH FACS AUTH REVENUE                           | CUSIP: 19648FPA6<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1018590.70   | 0.26%             | 2023-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Corona-Norco Unified School District                                             | CORONA-NORCO CA UNIF SCH DIST                                | CUSIP: 219764MC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $499927.64    | 0.13%             | 2026-08-01      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| Stark Knox Marshall Henry & Peoria Counties Community Unit School Dist No 100    | STARK KNOX & MARSHALL CNTYS IL CMNTY UNIT SCH DIST #100      | CUSIP: 855354DU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    860000 | PA      | $884058.67    | 0.23%             | 2038-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp                                          | ARLINGTON TX HGR EDU FIN CORP EDU REVENUE                    | CUSIP: 041806H29<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1060932.40   | 0.27%             | 2034-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Middletown OH                                                            | MIDDLETOWN OH                                                | CUSIP: 597129DM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $104455.02    | 0.03%             | 2025-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE         | CUSIP: 64990FW75<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   3180000 | PA      | $3249119.21   | 0.83%             | 2038-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Plum Boro Municipal Authority Sewer Revenue                                      | PLUM BORO PA MUNI AUTH SWR REVENUE                           | CUSIP: 72919RHK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1207468.89   | 0.31%             | 2027-11-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Education Assistance Agency                                  | PENNSYLVANIA HGR EDU ASSISTANCE AGY LOAN REVENUE             | CUSIP: 70878CAM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $470201.00    | 0.12%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA ST FIN AUTH REVENUE                                  | CUSIP: 45506DNK7<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    600000 | PA      | $614266.38    | 0.16%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Vermont Student Assistance Corp                                                  | VERMONT ST STUDENT ASSISTANCECORP EDU LOAN REVENUE           | CUSIP: 92428CLW2<br>LEI: 549300VHYVRSKNFRSZ91 | Long             | DBT              | MUN               | US        |    780000 | PA      | $841423.28    | 0.22%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky State Property & Building Commission                                    | KENTUCKY ST PROPERTY & BLDGS COMMISSION REVENUES             | CUSIP: 49151FG38<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    960000 | PA      | $1034592.58   | 0.26%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Ventnor City NJ                                                          | VENTNOR CITY NJ                                              | CUSIP: 922799RJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    705000 | PA      | $760900.37    | 0.19%             | 2027-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Greater Clark Building Corp                                                      | GREATER CLARK IN BLDG CORP                                   | CUSIP: 39167GDZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1059032.30   | 0.27%             | 2032-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Vermont Student Assistance Corp                                                  | VERMONT ST STUDENT ASSISTANCECORP EDU LOAN REVENUE           | CUSIP: 92428CMM3<br>LEI: 549300VHYVRSKNFRSZ91 | Long             | DBT              | MUN               | US        |    400000 | PA      | $436670.12    | 0.11%             | 2029-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FORT SMITH AR WTR   SWR REVENU FTSUTL 10/31 FIXED 5                              | City of Fort Smith AR Water & Sewer Revenue                  | CUSIP: 348815PH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $558103.10    | 0.14%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Monroe County Industrial Development Corp/NY                                     | MONROE CNTY NY INDL DEV CORP REVENUE                         | CUSIP: 61075TJZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $513348.75    | 0.13%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| General Authority of Southcentral Pennsylvania                                   | SOUTHCENTRL PA GEN AUTH REVENUE                              | CUSIP: 84129NND7<br>LEI: 549300QBNU5LBV4QX812 | Long             | DBT              | MUN               | US        |    325000 | PA      | $334881.11    | 0.09%             | 2033-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp                                          | ARLINGTON TX HGR EDU FIN CORP EDU REVENUE                    | CUSIP: 041806NT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    485000 | PA      | $506991.65    | 0.13%             | 2032-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Ventnor City NJ                                                          | VENTNOR CITY NJ                                              | CUSIP: 922799RH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    690000 | PA      | $734300.97    | 0.19%             | 2026-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Milwaukee WI                                                             | MILWAUKEE WI                                                 | CUSIP: 602366P42<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2275568.40   | 0.58%             | 2035-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Berwick Area School District                                                     | BERWICK PA AREA SCH DIST                                     | CUSIP: 086187NQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    720000 | PA      | $701187.84    | 0.18%             | 2036-11-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Village of Mount Prospect IL                                                     | MOUNT PROSPECT IL                                            | CUSIP: 622826UM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1018275.60   | 0.26%             | 2028-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Portland Public Schools/MI                                                       | PORTLAND MI PUBLIC SCHS                                      | CUSIP: 736627KJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1215186.14   | 0.31%             | 2027-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Development Authority for Fulton County                                          | FULTON CNTY GA DEV AUTH                                      | CUSIP: 3599006Y8<br>LEI: 549300533NJL38F4K144 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1072990.40   | 0.27%             | 2026-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 646136TL5<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1255000 | PA      | $1140545.63   | 0.29%             | 2026-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Akron OH                                                                 | AKRON OH COPS                                                | CUSIP: 010047ET1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    885000 | PA      | $930049.69    | 0.24%             | 2029-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Village of Westchester IL                                                        | WESTCHESTER IL                                               | CUSIP: 957399EU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1063848.60   | 0.27%             | 2034-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| National Park College District                                                   | NATIONAL PARK AR CMNTY CLG DIST                              | CUSIP: 637109BK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    635000 | PA      | $661087.71    | 0.17%             | 2032-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Cherokee County Water & Sewer Authority/GA                                       | CHEROKEE CNTY GA WTR & SWR AUTH                              | CUSIP: 164243HS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5077.07      | 0.00%             | 2023-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Colorado Housing and Finance Authority                                           | COLORADO ST HSG & FIN AUTH                                   | CUSIP: 196480FQ5<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |    250000 | PA      | $236050.05    | 0.06%             | 2025-05-01      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Educational Facilities Authority                             | PENNSYLVANIA ST HGR EDUCTNL FACS AUTH REVENUE                | CUSIP: 70917TCY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    475000 | PA      | $470911.63    | 0.12%             | 2042-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                                | DENVER CITY & CNTY CO ARPT REVENUE                           | CUSIP: 249182TK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $586737.00    | 0.15%             | 2041-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| New Jersey Housing & Mortgage Finance Agency                                     | NEW JERSEY ST HSG & MTGE FIN AGY MF CONDUIT REVENUE          | CUSIP: 646127CE8<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |    415000 | PA      | $417999.29    | 0.11%             | 2025-06-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| County of Winnebago IL                                                           | WINNEBAGO CNTY IL                                            | CUSIP: 974450M39<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    765000 | PA      | $821869.79    | 0.21%             | 2025-12-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                  | CUSIP: 442349FJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1113540.60   | 0.28%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Dakota Health & Educational Facilities Authority                           | SOUTH DAKOTA ST HLTH & EDUCTNL FACS AUTH                     | CUSIP: 83755VC36<br>LEI: 549300ZW6LKR8UI2C378 | Long             | DBT              | MUN               | US        |    825000 | PA      | $854136.11    | 0.22%             | 2024-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Milledgeville & Baldwin County Development Authority                             | MILLEDGEVILLE & BALDWIN CNTY GA DEV AUTH REVENUE             | CUSIP: 60039GBA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $819417.20    | 0.21%             | 2033-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA ST FIN AUTH REVENUE                                  | CUSIP: 45506DNH4<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    425000 | PA      | $435084.61    | 0.11%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                  | CUSIP: 442349FK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $1013020.65   | 0.26%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Grand Blanc Community Schools                                                    | GRAND BLANC MI CMNTY SCHS                                    | CUSIP: 385244LY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1475000 | PA      | $1387523.06   | 0.35%             | 2025-11-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Brandywine Heights Area School District                                          | BRANDYWINE HEIGHTS PA AREA SCH DIST                          | CUSIP: 105352JE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1771756.80   | 0.45%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Village of Round Lake IL                                                         | ROUND LAKE IL                                                | CUSIP: 779137JA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    765000 | PA      | $785818.94    | 0.20%             | 2025-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| St Tammany Parish Wide School District No 12                                     | SAINT TAMMANY LA PARISHWIDE SCH DIST #12                     | CUSIP: 793572P51<br>LEI: 54930000M1C0CCV4SR31 | Long             | DBT              | MUN               | US        |    980000 | PA      | $1038988.85   | 0.27%             | 2028-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Maine Health & Higher Educational Facilities Authority                           | MAINE HLTH & HGR EDUCTNL FACSAUTH REVENUE                    | CUSIP: 56042RYV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $115234.36    | 0.03%             | 2024-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alaska Municipal Bond Bank Authority                                             | ALASKA ST MUNI BOND BANK AUTH                                | CUSIP: 01179RVB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1062853.40   | 0.27%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Milledgeville & Baldwin County Development Authority                             | MILLEDGEVILLE & BALDWIN CNTY GA DEV AUTH REVENUE             | CUSIP: 60039GAZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $704669.10    | 0.18%             | 2032-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp                                          | ARLINGTON TX HGR EDU FIN CORP EDU REVENUE                    | CUSIP: 041806DJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    725000 | PA      | $771121.38    | 0.20%             | 2025-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut Housing Finance Authority                                            | CONNECTICUT ST HSG FIN AUTH HSG MTGE FIN PROGRAM             | CUSIP: 20775C7Z1<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |    530000 | PA      | $497546.88    | 0.13%             | 2025-05-15      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| Iberia Parishwide School District                                                | IBERIA PARISH LA PARISHWIDE SCH DIST                         | CUSIP: 450812G22<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    530000 | PA      | $547064.83    | 0.14%             | 2025-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Vermont Student Assistance Corp                                                  | VERMONT ST STUDENT ASSISTANCECORP EDU LOAN REVENUE           | CUSIP: 92428CMP6<br>LEI: 549300VHYVRSKNFRSZ91 | Long             | DBT              | MUN               | US        |    475000 | PA      | $525850.51    | 0.13%             | 2031-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Gateway School District Alleghany County                                         | GATEWAY PA SCH DIST ALLEGHANYCNTY                            | CUSIP: 367748MX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1214318.17   | 0.31%             | 2036-10-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Mattawan Consolidated School District/MI                                         | MATTAWAN MI CONSOL SCH DIST                                  | CUSIP: 577056HT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $795175.05    | 0.20%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Woodford Lasalle Livingston Etc Counties Community Unit Sch Dist No 6 Fieldcrest | WOODFORD LASALLE LIVINGSTON ETC CNTYS IL CMNTY UNIT SCH DIST | CUSIP: 979412BT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $760272.38    | 0.19%             | 2032-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA ST FIN AUTH REVENUE                                  | CUSIP: 45506DNJ0<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    700000 | PA      | $716693.81    | 0.18%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Township of Washington NJ/Gloucester County                                      | WASHINGTON TWP NJ GLOUCESTER CNTY                            | CUSIP: 940416LJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $862043.00    | 0.22%             | 2033-05-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| City of Forrest City AR Sales & Use Tax Revenue                                  | FORREST CITY AR SALES & USE TAX                              | CUSIP: 346461AY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    690000 | PA      | $694609.96    | 0.18%             | 2031-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| South Dakota Health & Educational Facilities Authority                           | SOUTH DAKOTA ST HLTH & EDUCTNL FACS AUTH                     | CUSIP: 83755VC44<br>LEI: 549300ZW6LKR8UI2C378 | Long             | DBT              | MUN               | US        |    605000 | PA      | $638615.31    | 0.16%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| National Park College District                                                   | NATIONAL PARK AR CMNTY CLG DIST                              | CUSIP: 637109BJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    645000 | PA      | $672990.87    | 0.17%             | 2030-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon Housing & Community Services Department                          | OREGON ST HSG & CMNTY SVCS DEPT MTGE REVENUE                 | CUSIP: 686087S81<br>LEI: 549300N3PYWYJ0Z8N757 | Long             | DBT              | MUN               | US        |   1315000 | PA      | $1338372.28   | 0.34%             | 2034-01-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Maine State Housing Authority                                                    | MAINE ST HSG AUTH MTGE PURCHASE                              | CUSIP: 56052FNW1<br>LEI: 549300SO05LH6D240016 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $973659.70    | 0.25%             | 2026-11-15      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| County of Jackson MO                                                             | JACKSON CNTY MO SPL OBLG                                     | CUSIP: 467578HP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2300000 | PA      | $2393767.78   | 0.61%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Idaho Housing & Finance Association                                              | IDAHO ST HSG & FIN ASSN                                      | CUSIP: 45129WQE3<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |    500000 | PA      | $517178.75    | 0.13%             | 2036-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Cuyahoga Metropolitan Housing Authority                                          | CUYAHOGA OH MET HSG AUTH REVENUE                             | CUSIP: 232394BM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2284922.00   | 0.58%             | 2031-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Oldham County School District Finance Corp                                       | OLDHAM KY SCH DIST FIN CORP                                  | CUSIP: 680454YF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    690000 | PA      | $711662.62    | 0.18%             | 2024-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Nez Perce ID                                                           | NEZ PERCE CNTY ID ANNUAL APPROP COPS                         | CUSIP: 65344YAL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1156225.50   | 0.30%             | 2037-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Berwick Area School District                                                     | BERWICK PA AREA SCH DIST                                     | CUSIP: 086187NN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    345000 | PA      | $343431.70    | 0.09%             | 2034-11-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Maumee City School District                                                      | MAUMEE OH CITY SCH DIST                                      | CUSIP: 577489JJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1155000 | PA      | $1284515.69   | 0.33%             | 2031-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MAINE ST HSG AUTH MTGE PURCHAS MESHSG 11/29 FIXED 2.15                           | Maine State Housing Authority                                | CUSIP: 56052FQJ7<br>LEI: 549300SO05LH6D240016 | Long             | DBT              | MUN               | US        |    840000 | PA      | $789248.38    | 0.20%             | 2029-11-15      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| Omaha Public Facilities Corp                                                     | OMAHA NE PUBLIC FACS CORP LEASE REVENUE                      | CUSIP: 681785MR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    860000 | PA      | $859749.83    | 0.22%             | 2034-04-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Higher Education Supplement Loan Authority                     | CONNECTICUT ST HGR EDU SUPPLEMENT LOAN AUTH REVENUE          | CUSIP: 207743WE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $356836.39    | 0.09%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IPS Multi-School Building Corp                                                   | IPS MULTI-SCH BLDG CORP IN                                   | CUSIP: 46263RRL1<br>LEI: 549300BHLK1DUJUYPM91 | Long             | DBT              | MUN               | US        |   1685000 | PA      | $1944405.41   | 0.50%             | 2040-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Toledo-Lucas County Port Authority                                               | TOLEDO-LUCAS CNTY OH PORT AUTH DEV REVENUE                   | CUSIP: 889251HK3<br>LEI: 549300H1LURZO4MT2Q75 | Long             | DBT              | MUN               | US        |    430000 | PA      | $382519.83    | 0.10%             | 2031-11-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| City of Benton AR Municipal Light & Water Works                                  | BENTON AR PUBLIC UTILITY REVENUE                             | CUSIP: 082766LP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $228143.58    | 0.06%             | 2027-09-01      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| Comstock Park Public Schools                                                     | COMSTOCK PARK MI PUBLIC SCHS                                 | CUSIP: 205759JR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    730000 | PA      | $753352.48    | 0.19%             | 2024-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Adams County Communication Center Authority                                      | ADAMS CNTY CO COMMUNICATIONS CENTER AUTH COPS                | CUSIP: 005602AL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $574412.47    | 0.15%             | 2036-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Grand Blanc Community Schools                                                    | GRAND BLANC MI CMNTY SCHS                                    | CUSIP: 385244LX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $475279.40    | 0.12%             | 2025-05-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Mississippi Development Bank                                                     | MISSISSIPPI ST DEV BANK SPL OBLG                             | CUSIP: 60534WRC4<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |    300000 | PA      | $312908.61    | 0.08%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wilson School District                                                           | WILSON PA SCH DIST                                           | CUSIP: 972369QN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $682721.39    | 0.17%             | 2026-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                 | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE         | CUSIP: 7092242K4<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    350000 | PA      | $309640.49    | 0.08%             | 2029-12-01      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| Lake County School Board                                                         | LAKE CNTY FL SCH BRD COPS                                    | CUSIP: 50825JKH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    725000 | PA      | $731540.66    | 0.19%             | 2024-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Bryan TX Electric System Revenue                                         | BRYAN TX ELEC SYS REVENUE                                    | CUSIP: 117569HM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    960000 | PA      | $986898.24    | 0.25%             | 2031-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | WASHINGTON ST HSG FIN COMMISSION                             | CUSIP: 93978TTD1<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    290000 | PA      | $283465.95    | 0.07%             | 2030-12-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| General Authority of Southcentral Pennsylvania                                   | SOUTHCENTRL PA GEN AUTH REVENUE                              | CUSIP: 84129NNC9<br>LEI: 549300QBNU5LBV4QX812 | Long             | DBT              | MUN               | US        |    325000 | PA      | $335933.46    | 0.09%             | 2032-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Colorado State Board for Community Colleges & Occupational Educational System    | COLORADO ST BRD FOR CMNTY CLGS & OCCUPATIONAL EDU            | CUSIP: 196696PZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $479712.87    | 0.12%             | 2031-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Governors State University                                                       | GOVERNORS IL ST UNIV UNIV FACS SYS REVENUE                   | CUSIP: 38378RCC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    805000 | PA      | $832109.34    | 0.21%             | 2034-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Plainfield High School Building Corp                                             | PLAINFIELD IN HIGH SCH BLDG CORP                             | CUSIP: 726286EK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1024469.60   | 0.26%             | 2026-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Woodbury IA                                                            | WOODBURY CNTY IA                                             | CUSIP: 979064CJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    555000 | PA      | $558028.14    | 0.14%             | 2032-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Dayton City School District                                                      | DAYTON OH CITY SCH DIST COPS                                 | CUSIP: 239851CM8<br>LEI: 549300TTX7U8C4ZEA712 | Long             | DBT              | MUN               | US        |    610000 | PA      | $664791.48    | 0.17%             | 2030-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Woodford Lasalle Livingston Etc Counties Community Unit Sch Dist No 6 Fieldcrest | WOODFORD LASALLE LIVINGSTON ETC CNTYS IL CMNTY UNIT SCH DIST | CUSIP: 979412BU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    725000 | PA      | $781133.27    | 0.20%             | 2033-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| General Authority of Southcentral Pennsylvania                                   | SOUTHCENTRL PA GEN AUTH REVENUE                              | CUSIP: 84129NNB1<br>LEI: 549300QBNU5LBV4QX812 | Long             | DBT              | MUN               | US        |    375000 | PA      | $432400.95    | 0.11%             | 2031-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Miami Valley Career Technology Center                                            | MIAMI VLY CAREER TECH CENTER OH                              | CUSIP: 593842CJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    725000 | PA      | $768023.39    | 0.20%             | 2034-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Greeneville Health & Educational Facilities Board                                | GREENEVILLE TN HLTH & EDUCTNL FACS BRD HOSP REVENUE          | CUSIP: 396649EN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $547228.45    | 0.14%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Leflore County Public Facility Authority                                         | LEFLORE CNTY OK PUBLIC FAC AUTH EDU FAC LEASE REVENUE        | CUSIP: 52464GAV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1770000 | PA      | $1896963.34   | 0.49%             | 2030-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Governors State University                                                       | GOVERNORS IL ST UNIV UNIV FACS SYS REVENUE                   | CUSIP: 38378RCD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    855000 | PA      | $867192.98    | 0.22%             | 2036-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Maumee City School District                                                      | MAUMEE OH CITY SCH DIST                                      | CUSIP: 577489JH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1295000 | PA      | $1317358.30   | 0.34%             | 2030-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Dayton City School District                                                      | DAYTON OH CITY SCH DIST COPS                                 | CUSIP: 239851CQ9<br>LEI: 549300TTX7U8C4ZEA712 | Long             | DBT              | MUN               | US        |    675000 | PA      | $674212.01    | 0.17%             | 2033-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Lafayette Consolidated Government                                                | LAFAYETTE LA COMMUNICATIONS SYS REVENUE                      | CUSIP: 50646PCY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    860000 | PA      | $878659.94    | 0.22%             | 2029-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Martinsville Redevelopment Authority                                             | MARTINSVILLE IN REDEV AUTH LEASE RENT REVENUE                | CUSIP: 57369KAX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    565000 | PA      | $564011.14    | 0.14%             | 2033-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of North Charleston SC                                                      | N CHARLESTON SC LTD OBLIG                                    | CUSIP: 65857PEC1<br>LEI: 549300Y9QXZ4L5X8SP87 | Long             | DBT              | MUN               | US        |   1130000 | PA      | $1185380.85   | 0.30%             | 2036-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Milledgeville & Baldwin County Development Authority                             | MILLEDGEVILLE & BALDWIN CNTY GA DEV AUTH REVENUE             | CUSIP: 60039GAY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $590462.05    | 0.15%             | 2031-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Miami Valley Career Technology Center                                            | MIAMI VLY CAREER TECH CENTER OH                              | CUSIP: 593842CL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2245000 | PA      | $2345568.14   | 0.60%             | 2036-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Westfield High School Building Corp                                              | WESTFIELD IN HIGH SCH 1995 BLDG CORP                         | CUSIP: 96009AEA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1072570.60   | 0.27%             | 2031-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                            | LOUISIANA ST PUBLIC FACS AUTHREVENUE                         | CUSIP: 5463983A4<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |    800000 | PA      | $837036.00    | 0.21%             | 2030-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Vinton-Tecumseh School Building Corp                                             | VINTON-TECUMSEH IN SCH BLDG CORP                             | CUSIP: 927557MT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $551608.05    | 0.14%             | 2031-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Vinton-Tecumseh School Building Corp                                             | VINTON-TECUMSEH IN SCH BLDG CORP                             | CUSIP: 927557MU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $550937.90    | 0.14%             | 2032-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kalamazoo Public Schools                                                         | KALAMAZOO MI PUBLIC SCHS                                     | CUSIP: 483270HM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2370000 | PA      | $2551120.14   | 0.65%             | 2031-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp                                          | ARLINGTON TX HGR EDU FIN CORP EDU REVENUE                    | CUSIP: 041806RH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1052005.40   | 0.27%             | 2031-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Kendall Kane & Will Counties Community Unit School District No 308               | KENDALL KANE & WILL CNTYS IL CMNTY UNIT SCH DIST #308        | CUSIP: 488764WZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1047883.70   | 0.27%             | 2025-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Housing Development Authority                                     | MICHIGAN ST HSG DEV AUTH RENTAL HSG REVENUE                  | CUSIP: 59465MZ81<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |    410000 | PA      | $401985.44    | 0.10%             | 2028-10-01      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| County of Broward FL Port Facilities Revenue                                     | BROWARD CNTY FL PORT FACS REVENUE                            | CUSIP: 11506KEB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    620000 | PA      | $709055.75    | 0.18%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maine Governmental Facilities Authority                                          | MAINE ST GOVTL FACS AUTH                                     | CUSIP: 56041MSP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2485000 | PA      | $2671994.01   | 0.68%             | 2032-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Miami Valley Career Technology Center                                            | MIAMI VLY CAREER TECH CENTER OH                              | CUSIP: 593842CM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2170000 | PA      | $2262419.00   | 0.58%             | 2037-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Champaign County Community Unit School District No 4 Champaign                   | CHAMPAIGN CNTY IL CMNTY UNIT SCH DIST #4                     | CUSIP: 158249LP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    630000 | PA      | $681170.05    | 0.17%             | 2028-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Mississippi Home Corp                                                            | MISSISSIPPI ST HOME CORP SF MTGE REVENUE                     | CUSIP: 60535QZE3<br>LEI: 549300FFY35B829JR607 | Long             | DBT              | MUN               | US        |    690000 | PA      | $616866.35    | 0.16%             | 2030-12-01      | Fixed         | 1.85%                 | No            |                  2 | On Loan: No      |
| City of Las Cruces NM Joint Utility Revenue                                      | LAS CRUCES NM JT UTILITY REVENUE                             | CUSIP: 517496HK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $519824.35    | 0.13%             | 2033-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Luxemburg-Casco School District/Brown & Kewaunee Counties WI                     | LUXEMBURG-CASCO WI SCH DIST BROWN & KEWAUNEE CNTYS           | CUSIP: 550670GM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    540000 | PA      | $570705.26    | 0.15%             | 2032-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fort Wayne Redevelopment Authority                                               | FORT WAYNE IN REDEV AUTH LEASE RENTAL REVENUE                | CUSIP: 349288JN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1935000 | PA      | $2015616.16   | 0.52%             | 2036-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Owensboro KY                                                             | OWENSBORO KY                                                 | CUSIP: 690887MD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1207422.72   | 0.31%             | 2025-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Higher Education Supplement Loan Authority                     | CONNECTICUT ST HGR EDU SUPPLEMENT LOAN AUTH REVENUE          | CUSIP: 207743QT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    830000 | PA      | $842408.17    | 0.22%             | 2027-11-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Round Rock Transportation & Economic Development Corp                            | ROUND ROCK TX TRANSPRTN & ECON DEV CORP SALES TAX REVENUE    | CUSIP: 77924PAU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    910000 | PA      | $815650.93    | 0.21%             | 2026-08-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| County of Hoke NC                                                                | HOKE CNTY NC LIMITED OBLIG                                   | CUSIP: 434682AQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    865000 | PA      | $841616.71    | 0.22%             | 2035-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| State of Mississippi Gaming Tax Revenue                                          | MISSISSIPPI ST GAMING TAX REVENUE                            | CUSIP: 605638AK1<br>LEI: 549300JRWW5RFQUB7P94 | Long             | DBT              | MUN               | US        |   1055000 | PA      | $1120963.56   | 0.29%             | 2025-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Mexico Mortgage Finance Authority                                            | NEW MEXICO ST MTGE FIN AUTH                                  | CUSIP: 647201QZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    775000 | PA      | $688082.98    | 0.18%             | 2031-03-01      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| St Clair County Township High School District No 203 O'Fallon                    | SAINT CLAIR CNTY IL HIGH SCH DIST #203 O'FALLON              | CUSIP: 788618JL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    685000 | PA      | $702755.47    | 0.18%             | 2024-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| St Clair County Township High School District No 203 O'Fallon                    | SAINT CLAIR CNTY IL HIGH SCH DIST #203 O'FALLON              | CUSIP: 788618JM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    735000 | PA      | $766512.46    | 0.20%             | 2025-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| St Clair County Township High School District No 203 O'Fallon                    | SAINT CLAIR CNTY IL HIGH SCH DIST #203 O'FALLON              | CUSIP: 788618JK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    845000 | PA      | $854524.84    | 0.22%             | 2023-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Village of Westchester IL                                                        | WESTCHESTER IL                                               | CUSIP: 957399EW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1825000 | PA      | $1877164.71   | 0.48%             | 2038-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Wayne County Hospital & Health Facilities Authority                              | WAYNE CNTY PA HOSP & HLTH FACS AUTH CNTY GTD HOSP REVENUE    | CUSIP: 946016JP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    520000 | PA      | $552856.36    | 0.14%             | 2027-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Colorado Housing and Finance Authority                                           | COLORADO ST HSG & FIN AUTH                                   | CUSIP: 196480FR3<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |    250000 | PA      | $234564.95    | 0.06%             | 2025-11-01      | Fixed         | 2.17%                 | No            |                  2 | On Loan: No      |
| Connecticut Housing Finance Authority                                            | CONNECTICUT ST HSG FIN AUTH HSG MTGE FIN PROGRAM             | CUSIP: 20775C7Y4<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |    330000 | PA      | $313240.32    | 0.08%             | 2024-11-15      | Fixed         | 1.86%                 | No            |                  2 | On Loan: No      |
| Noblesville Redevelopment Authority                                              | NOBLESVILLE IN REDEV AUTH                                    | CUSIP: 655164JH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1045578.10   | 0.27%             | 2045-07-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| City of Rolling Meadows IL                                                       | ROLLING MEADOWS IL                                           | CUSIP: 775694LM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    535000 | PA      | $555924.76    | 0.14%             | 2036-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Kendall Kane & Will Counties Community Unit School District No 308               | KENDALL KANE & WILL CNTYS IL CMNTY UNIT SCH DIST #308        | CUSIP: 488764YR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $800000.00    | 0.20%             | 2023-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washtenaw Community College                                                      | WASHTENAW MI CMNTY CLG                                       | CUSIP: 941026MX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    645000 | PA      | $665161.67    | 0.17%             | 2025-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Upper Mohawk Valley Memorial Auditorium Authority                                | UPPER MOHAWK VLY NY MEMORIAL AUDITORIUM AUTH REVENUE         | CUSIP: 916087AW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    915000 | PA      | $764502.90    | 0.20%             | 2033-12-01      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| Oldham County School District Finance Corp                                       | OLDHAM KY SCH DIST FIN CORP                                  | CUSIP: 680454YE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    610000 | PA      | $615002.31    | 0.16%             | 2023-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Barren County School District Finance Corp                                       | BARREN CNTY KY SCH DIST FIN CORP                             | CUSIP: 068461RS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1046687.90   | 0.27%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Idaho Housing & Finance Association                                              | IDAHO ST HSG & FIN ASSN                                      | CUSIP: 45129WQF0<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |    750000 | PA      | $771713.48    | 0.20%             | 2037-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Housing Finance Agency                                             | MASSACHUSETTS ST HSG FIN AGY HSG REVENUE                     | CUSIP: 57587ADU9<br>LEI: 549300NLJBK1VP6K2K81 | Long             | DBT              | MUN               | US        |    110000 | PA      | $110055.87    | 0.03%             | 2023-06-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Maryland Water Infrastructure Financing Administration                           | MARYLAND ST WTR QUALITY FING ADMIN BAY RESTORATION FUND REVE | CUSIP: 57430YBY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2008445.20   | 0.51%             | 2026-03-01      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| City of Millbrook AL                                                             | MILLBROOK AL                                                 | CUSIP: 600149LV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1736237.91   | 0.44%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Forrest City AR Sales & Use Tax Revenue                                  | FORREST CITY AR SALES & USE TAX                              | CUSIP: 346461AV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    635000 | PA      | $640419.98    | 0.16%             | 2028-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | ARIZONA ST INDL DEV AUTH NATIONAL CHRT SCH REVOLVING LOAN FD | CUSIP: 04052FDM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2285000 | PA      | $2233479.19   | 0.57%             | 2039-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Wichita Falls TX                                                         | WICHITA FALLS TX                                             | CUSIP: 967120E51<br>LEI: 549300NTFETNSK7HXG80 | Long             | DBT              | MUN               | US        |    870000 | PA      | $920410.15    | 0.24%             | 2032-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Housing Finance Agency                                                 | MINNESOTA ST HSG FIN AGY                                     | CUSIP: 60416S3K4<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |    230000 | PA      | $219680.06    | 0.06%             | 2026-07-01      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                 | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE         | CUSIP: 709224FH7<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    500000 | PA      | $525269.15    | 0.13%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Akron OH Income Tax Revenue                                              | AKRON OH INCOME TAX REVENUE                                  | CUSIP: 010056MT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1086755.90   | 0.28%             | 2032-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Mississippi Home Corp                                                            | MISSISSIPPI ST HOME CORP SF MTGE REVENUE                     | CUSIP: 60535QZD5<br>LEI: 549300FFY35B829JR607 | Long             | DBT              | MUN               | US        |    720000 | PA      | $645756.12    | 0.17%             | 2030-06-01      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| Peters Township School District Washington County                                | PETERS TWP PA SCH DIST WASHINGTON CNTY                       | CUSIP: 716090WZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1035646.90   | 0.26%             | 2036-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| General Authority of Southcentral Pennsylvania                                   | SOUTHCENTRL PA GEN AUTH REVENUE                              | CUSIP: 84129NNE5<br>LEI: 549300QBNU5LBV4QX812 | Long             | DBT              | MUN               | US        |    300000 | PA      | $308517.90    | 0.08%             | 2034-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Bucks County Technical School Authority                                          | BUCKS CNTY PA TECH SCH AUTH                                  | CUSIP: 118655BV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    455000 | PA      | $492309.00    | 0.13%             | 2033-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| South Suburban Park & Recreation District                                        | SOUTH SUBURBAN PARK & RECREATION DIST CO COPS                | CUSIP: 84049EBN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1176188.51   | 0.30%             | 2041-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Higher Education Supplement Loan Authority                     | CONNECTICUT ST HGR EDU SUPPLEMENT LOAN AUTH REVENUE          | CUSIP: 207743WH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    385000 | PA      | $429517.82    | 0.11%             | 2030-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iberia Parishwide School District                                                | IBERIA PARISH LA PARISHWIDE SCH DIST                         | CUSIP: 450812G48<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    570000 | PA      | $607279.82    | 0.16%             | 2027-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Northwest Community Schools                                                      | N W MI CMNTY SCHS                                            | CUSIP: 667567BX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003718.60   | 0.26%             | 2024-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp                                          | ARLINGTON TX HGR EDU FIN CORP EDU REVENUE                    | CUSIP: 041806RG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1055823.40   | 0.27%             | 2030-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lafayette Consolidated Government                                                | LAFAYETTE LA COMMUNICATIONS SYS REVENUE                      | CUSIP: 50646PCX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    830000 | PA      | $899015.41    | 0.23%             | 2028-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Housing Development Authority                                     | MICHIGAN ST HSG DEV AUTH RENTAL HSG REVENUE                  | CUSIP: 59465MY90<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |    400000 | PA      | $394111.40    | 0.10%             | 2025-04-01      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| Village of Elk Grove Village IL                                                  | ELK GROVE VLG IL                                             | CUSIP: 287299LE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    530000 | PA      | $531499.53    | 0.14%             | 2024-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Griffith Redevelopment Authority                                                 | GRIFFITH IN REDEV AUTH LEASE RENT REVENUE                    | CUSIP: 398346DP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    585000 | PA      | $583776.18    | 0.15%             | 2033-07-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Housing Development Authority                                     | MICHIGAN ST HSG DEV AUTH RENTAL HSG REVENUE                  | CUSIP: 59465MV93<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |    500000 | PA      | $480799.05    | 0.12%             | 2025-04-01      | Fixed         | 2.82%                 | No            |                  2 | On Loan: No      |
| Greeneville Health & Educational Facilities Board                                | GREENEVILLE TN HLTH & EDUCTNL FACS BRD HOSP REVENUE          | CUSIP: 396649EL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $548164.45    | 0.14%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Licking Heights Local School District                                            | LICKING HEIGHTS OH LOCAL SCH DIST                            | CUSIP: 531677NT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    765000 | PA      | $850940.33    | 0.22%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Milledgeville & Baldwin County Development Authority                             | MILLEDGEVILLE & BALDWIN CNTY GA DEV AUTH REVENUE             | CUSIP: 60039GAX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $583600.95    | 0.15%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Milwaukee WI                                                             | MILWAUKEE WI                                                 | CUSIP: 602366U95<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2580000 | PA      | $2646382.11   | 0.68%             | 2035-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Las Cruces NM Joint Utility Revenue                                      | LAS CRUCES NM JT UTILITY REVENUE                             | CUSIP: 517496HF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    845000 | PA      | $888993.91    | 0.23%             | 2029-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| North Fort Bend Water Authority                                                  | N FORT BEND TX WTR AUTH WTR SYS REVENUE                      | CUSIP: 65944RSD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1511580.69   | 0.39%             | 2032-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Vermont Student Assistance Corp                                                  | VERMONT ST STUDENT ASSISTANCECORP EDU LOAN REVENUE           | CUSIP: 92428CLT9<br>LEI: 549300VHYVRSKNFRSZ91 | Long             | DBT              | MUN               | US        |    300000 | PA      | $307255.95    | 0.08%             | 2024-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Vermont Student Assistance Corp                                                  | VERMONT ST STUDENT ASSISTANCECORP EDU LOAN REVENUE           | CUSIP: 92428CLV4<br>LEI: 549300VHYVRSKNFRSZ91 | Long             | DBT              | MUN               | US        |    400000 | PA      | $425105.20    | 0.11%             | 2026-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                 | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE         | CUSIP: 709224J83<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3348423.60   | 0.86%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Housing Finance Corp                                                     | FLORIDA ST HSG FIN CORP REVENUE                              | CUSIP: 34074MSY8<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |    495000 | PA      | $463592.35    | 0.12%             | 2028-01-01      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| City of Wichita KS                                                               | WICHITA KS SALES TAX SPL OBLIG REVENUE                       | CUSIP: 967323AS5<br>LEI: 549300Y20JVN3VP2V718 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1123833.90   | 0.29%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Akron OH                                                                 | AKRON OH COPS                                                | CUSIP: 010047EV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    960000 | PA      | $1004769.12   | 0.26%             | 2031-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Kentucky State Property & Building Commission                                    | KENTUCKY ST PROPERTY & BLDGS COMMISSION REVENUES             | CUSIP: 49151FYC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    885000 | PA      | $997306.94    | 0.25%             | 2028-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA ST FIN AUTH HOSP REVENUE                             | CUSIP: 45471ATR3<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    830000 | PA      | $880325.81    | 0.23%             | 2031-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                 | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE         | CUSIP: 7092242H1<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    400000 | PA      | $365662.00    | 0.09%             | 2027-12-01      | Fixed         | 2.53%                 | No            |                  2 | On Loan: No      |
| Whitestown Redevelopment Authority                                               | WHITESTOWN IN REDEV AUTH LEASE RENTAL REVENUE                | CUSIP: 966100EF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1670000 | PA      | $1677578.79   | 0.43%             | 2034-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Denver City & County School District No 1                                        | DENVER CITY & CNTY CO SCH DIST #1                            | CUSIP: 249174XS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $474719.15    | 0.12%             | 2036-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Mahoning County Career & Technical Center Board of Education                     | MAHONING CNTY OH CAREER & TECH CENTER BRD EDU CTFS           | CUSIP: 56005LDB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    630000 | PA      | $648034.88    | 0.17%             | 2026-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Middletown OH                                                            | MIDDLETOWN OH                                                | CUSIP: 597129DU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    995000 | PA      | $1041818.43   | 0.27%             | 2025-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Easton Area School District                                                      | EASTON PA AREA SCH DIST                                      | CUSIP: 277695LS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1195692.19   | 0.31%             | 2033-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Carmel Local Public Improvement Bond Bank                                        | CARMEL IN LOCAL PUBLIC IMPT BOND BANK                        | CUSIP: 143287GJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1810000 | PA      | $1892069.20   | 0.48%             | 2034-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Forrest City AR Sales & Use Tax Revenue                                  | FORREST CITY AR SALES & USE TAX                              | CUSIP: 346461AX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    675000 | PA      | $679817.95    | 0.17%             | 2030-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Colorado Housing and Finance Authority                                           | COLORADO ST HSG & FIN AUTH                                   | CUSIP: 196480FP7<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |    280000 | PA      | $266767.17    | 0.07%             | 2024-11-01      | Fixed         | 2.08%                 | No            |                  2 | On Loan: No      |
| Lafayette Consolidated Government                                                | LAFAYETTE LA COMMUNICATIONS SYS REVENUE                      | CUSIP: 50646PCZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    890000 | PA      | $907725.24    | 0.23%             | 2030-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                               | PORT SEATTLE WA SPL FAC REVENUE                              | CUSIP: 735397CM1<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |    900000 | PA      | $902161.26    | 0.23%             | 2026-06-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Vermont Student Assistance Corp                                                  | VERMONT ST STUDENT ASSISTANCECORP EDU LOAN REVENUE           | CUSIP: 92428CMN1<br>LEI: 549300VHYVRSKNFRSZ91 | Long             | DBT              | MUN               | US        |    455000 | PA      | $500496.04    | 0.13%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Higher Education Supplement Loan Authority                     | CONNECTICUT ST HGR EDU SUPPLEMENT LOAN AUTH REVENUE          | CUSIP: 207743WG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $497436.71    | 0.13%             | 2029-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Middletown OH                                                            | MIDDLETOWN OH                                                | CUSIP: 597129DP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $123424.46    | 0.03%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Martinsville Redevelopment Authority                                             | MARTINSVILLE IN REDEV AUTH LEASE RENT REVENUE                | CUSIP: 57369KAY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $388449.88    | 0.10%             | 2035-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Laurens County School District No 055                                            | LAURENS CNTY SC SCH DIST #55 INSTALLMENT PURCHASE REVENUE    | CUSIP: 519093AP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1041862.80   | 0.27%             | 2024-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mississippi Home Corp                                                            | MISSISSIPPI ST HOME CORP SF MTGE REVENUE                     | CUSIP: 60535QZF0<br>LEI: 549300FFY35B829JR607 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $888068.50    | 0.23%             | 2031-06-01      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| Saginaw Township Community School District                                       | SAGINAW TWP MI CMNTY SCH DIST                                | CUSIP: 786854LE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $784872.98    | 0.20%             | 2028-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Whiteside & Lee Counties Community Unit School District No 5 Sterling            | WHITESIDE & LEE CNTYS IL CMNTY UNIT SCH DIST #5 STERLIN      | CUSIP: 965672FN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    660000 | PA      | $705511.69    | 0.18%             | 2034-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Broward FL Port Facilities Revenue                                     | BROWARD CNTY FL PORT FACS REVENUE                            | CUSIP: 11506KFQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    870000 | PA      | $904708.48    | 0.23%             | 2024-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Village of Palos Park IL                                                         | PALOS PARK VLG IL                                            | CUSIP: 697579DD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    540000 | PA      | $503664.05    | 0.13%             | 2038-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency                                              | PENNSYLVANIA ST HSG FIN AGY SF MTGE REVENUE                  | CUSIP: 70879QET6<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |    795000 | PA      | $725652.23    | 0.19%             | 2030-10-01      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| Cook County School District No 63 East Maine                                     | COOK CNTY IL SCH DIST #63 EAST MAINE                         | CUSIP: 213651MZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1460000 | PA      | $1522468.73   | 0.39%             | 2034-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Grand Traverse County Hospital Finance Authority                                 | GRAND TRAVERSE CNTY MI HOSP FIN AUTH                         | CUSIP: 386523HK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    380000 | PA      | $422869.78    | 0.11%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Griffith Redevelopment Authority                                                 | GRIFFITH IN REDEV AUTH LEASE RENT REVENUE                    | CUSIP: 398346DN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    565000 | PA      | $566026.27    | 0.14%             | 2032-07-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Harris County Municipal Utility District No 105                                  | HARRIS CNTY TX MUNI UTILITY DIST #105                        | CUSIP: 414942VT6<br>LEI: 549300YRGJX0S2AMLW69 | Long             | DBT              | MUN               | US        |   1015000 | PA      | $1099424.66   | 0.28%             | 2034-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Martinsville Redevelopment Authority                                             | MARTINSVILLE IN REDEV AUTH LEASE RENT REVENUE                | CUSIP: 57369KAZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $651123.41    | 0.17%             | 2037-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| County of Winnebago IL                                                           | WINNEBAGO CNTY IL                                            | CUSIP: 974450M70<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    960000 | PA      | $1113570.14   | 0.28%             | 2029-12-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp                                          | ARLINGTON TX HGR EDU FIN CORP EDU REVENUE                    | CUSIP: 041806G95<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1075000 | PA      | $1082273.34   | 0.28%             | 2033-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Brownsville TX Utilities System Revenue                                  | BROWNSVILLE TX UTILITY SYS REVENUE                           | CUSIP: 1164753K8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $550715.65    | 0.14%             | 2042-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rhode Island Housing & Mortgage Finance Corp                                     | RHODE ISLAND ST HSG & MTGE FIN CORP                          | CUSIP: 76221RU84<br>LEI: 254900N9FNYNPO539444 | Long             | DBT              | MUN               | US        |   2025000 | PA      | $1806941.72   | 0.46%             | 2032-04-01      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| Sarpy County Hospital Authority No 1                                             | SARPY CNTY NE HOSP AUTH #1 HLTH FACS REVENUE                 | CUSIP: 80372PAU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $28405.47     | 0.01%             | 2046-05-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Housing Finance Agency                                            | NORTH CAROLINA ST HSG FIN AGY HOMEOWNERSHIP REVENUE          | CUSIP: 658207UX1<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |    610000 | PA      | $614269.88    | 0.16%             | 2029-01-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| South Broward Hospital District                                                  | SOUTH BROWARD FL HOSP DIST                                   | CUSIP: 836753MZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1755000 | PA      | $1638907.10   | 0.42%             | 2037-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Omaha Public Facilities Corp                                                     | OMAHA NE PUBLIC FACS CORP LEASE REVENUE                      | CUSIP: 681785MS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1070000 | PA      | $1048902.17   | 0.27%             | 2035-04-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Greater Texoma Utility Authority                                                 | GTR TEXOMA TX UTILITY AUTH CONTRACT REVENUE                  | CUSIP: 39239HZE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2515000 | PA      | $2565145.33   | 0.66%             | 2039-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Yuma Municipal Property Corp                                                     | YUMA AZ MUNI PROPERTY CORP EXCISE TAX REVENUE                | CUSIP: 98851UAL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1092531.62   | 0.28%             | 2026-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Millbrook AL                                                             | MILLBROOK AL                                                 | CUSIP: 600149LW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1705000 | PA      | $1865902.56   | 0.48%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Forrest City AR Sales & Use Tax Revenue                                  | FORREST CITY AR SALES & USE TAX                              | CUSIP: 346461AW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $655986.96    | 0.17%             | 2029-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Western Carolina University                                                      | WSTRN CAROLINA NC UNIV                                       | CUSIP: 957897FX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    480000 | PA      | $482198.78    | 0.12%             | 2025-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Missouri Development Finance Board                                               | MISSOURI ST DEV FIN BRD INFRASTRUCTURE FACS REVENUE          | CUSIP: 60636SKM5<br>LEI: 549300JD8BCNBV9D3830 | Long             | DBT              | MUN               | US        |   1825000 | PA      | $1953906.87   | 0.50%             | 2029-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Celina TX                                                                | CELINA TX                                                    | CUSIP: 151141SV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    980000 | PA      | $1045232.52   | 0.27%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State Street Global Advisors                                                     | State Street Institutional US Government Money Market Fund   | CUSIP: 857492706<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | STIV             | RF                | US        |   8436903 | NS      | $8436903.14   | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                   | CUSIP: 74442PGJ8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1170000 | PA      | $1124983.31   | 0.29%             | 2029-07-01      | Fixed         | 4.08%                 | No            |                  2 | On Loan: No      |
| Connecticut State Higher Education Supplement Loan Authority                     | CONNECTICUT ST HGR EDU SUPPLEMENT LOAN AUTH REVENUE          | CUSIP: 207743WF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $492501.96    | 0.13%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Rhode Island                                                            | RHODE ISLAND ST & PROVIDENCE PLANTATIONS LEASE COPS          | CUSIP: 76222WLW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1105634.80   | 0.28%             | 2029-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204FTU9<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    750000 | PA      | $826830.98    | 0.21%             | 2042-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Woodbury IA                                                            | WOODBURY CNTY IA                                             | CUSIP: 979064CB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    620000 | PA      | $642862.19    | 0.16%             | 2025-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Hamburg Area School District                                                     | HAMBURG PA AREA SCH DIST                                     | CUSIP: 406660QF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1359686.02   | 0.35%             | 2035-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Cook County Township High School District No 208 Riverside-Brookfield            | COOK CNTY IL TWP HIGH SCH DIST #208 RIVERSIDE BROOKFIELD     | CUSIP: 21614TCS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1090000 | PA      | $1167860.88   | 0.30%             | 2025-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wayne County Hospital & Health Facilities Authority                              | WAYNE CNTY PA HOSP & HLTH FACS AUTH CNTY GTD HOSP REVENUE    | CUSIP: 946016JV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $514249.60    | 0.13%             | 2033-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Union NJ                                                               | UNION CNTY NJ                                                | CUSIP: 90634PKQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $579759.54    | 0.15%             | 2027-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Colorado State Board for Community Colleges & Occupational Educational System    | COLORADO ST BRD FOR CMNTY CLGS & OCCUPATIONAL EDU            | CUSIP: 196696QA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $903216.38    | 0.23%             | 2032-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Hazard KY                                                                | HAZARD KY HLTHCARE REVENUE                                   | CUSIP: 421381AN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1695000 | PA      | $1903080.40   | 0.49%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| General Authority of Southcentral Pennsylvania                                   | SOUTHCENTRL PA GEN AUTH REVENUE                              | CUSIP: 84129NNA3<br>LEI: 549300QBNU5LBV4QX812 | Long             | DBT              | MUN               | US        |    400000 | PA      | $454797.76    | 0.12%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-21

**Name of Applicant:** COMMERCE FUNDS

**Signature:** Bill Schuetter

**Name of Signer:** Bill Schuetter

**Title:** President