# EDGAR Filing Document

**Accession Number:** 0000357204
**File Stem:** 0000910472-26-003376
**Filing Date:** 2026-2
**Character Count:** 67419
**Document Hash:** abe8ee7efefd36ce0e8806559a449cf3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-003376.hdr.sgml**: 20260227

**ACCESSION NUMBER**: 0000910472-26-003376

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260227

**DATE AS OF CHANGE**: 20260227

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Segall Bryant & Hamill Trust
- **CENTRAL INDEX KEY:** 0000357204

**ORGANIZATION NAME:**
- **EIN:** 510263765
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03373
- **FILM NUMBER:** 26698818

**BUSINESS ADDRESS:**
- **STREET 1:** C/O ULTIMUS FUND SOLUTIONS, LLC
- **STREET 2:** 225 PICTORIA DRIVE, SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246
- **BUSINESS PHONE:** 303-623-2577

**MAIL ADDRESS:**
- **STREET 1:** C/O ULTIMUS FUND SOLUTIONS, LLC
- **STREET 2:** 225 PICTORIA DRIVE, SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WESTCORE TRUST
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WESTCORE FUNDS INC
- **DATE OF NAME CHANGE:** 19860506

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SUNMONT WEST FUND INC
- **DATE OF NAME CHANGE:** 19820520

## Series and Classes Contracts Data

### Segall Bryant & Hamill Colorado Tax Free Fund (Series ID: S000006745)

| Class ID   | Class Name                                                        | Ticker Symbol   |
|:---|:---|:---|
| C000018312 | Segall Bryant & Hamill Colorado Tax Free Fund-Retail Class        | WTCOX           |
| C000169263 | Segall Bryant & Hamill Colorado Tax Free Fund-Institutional Class | WICOX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Segall Bryant & Hamill Trust

- **b. Investment Company Act file number:** 811-03373

- **c. CIK number of Registrant:** 0000357204

- **d. LEI of Registrant:** 549300D12PXTPNG46V56

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

  - **Street Address 1:** 225 Pictoria Drive

  - **City:** Cincinnati

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 45246

  - **Telephone number:** 513-587-3400

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

- **a. Name of Series:** SBH COLORADO TAX FREE FUND

- **b. EDGAR series identifier (if any):** S000006745

- **c. LEI of Series:** 549300VLICAE0RNL7Z15

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

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

- **b. Date as of which information is reported:** 2025-12-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $310442818.73

**Total Liabilities:** $194789.10

**Net Assets:** $310248029.63

**Cash Not Reported:** $15718108.46

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 25941.75452861 | **1-Year:** 17772.01468354 | **5-Year:** 52826.42250215 | **10-Year:** 73472.52497385 | **30-Year:** 9414.49458941

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

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 291.98789564 | **10-Year:** 869.60229486 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000018312 | 0.69%                | 0.39%                | 0.21%                |
| Class ID C000169263 | 0.79%                | 0.30%                | 0.22%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $22685.90                | $1404229.41                                |
| Month 2  | $-355938.61              | $454039.98                                 |
| Month 3  | $-77480.16               | $-208911.40                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ADAMS & ARAPAHOE CNTYS COLO JT SCH DIST NO 28J AURORA        | Adams & Arapahoe Joint School District 28J Aurora 5.5%, DUE 12/01/2040             | CUSIP: 0054824Q4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2361946.40   | 0.76%             | 2040-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ADAMS & ARAPAHOE CNTYS COLO JT SCH DIST NO 28J AURORA        | Adams & Arapahoe Joint School District 28J Aurora 5.5%, DUE 12/01/2041             | CUSIP: 0054824R2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4250000 | PA      | $4962531.63   | 1.60%             | 2041-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ADAMS & ARAPAHOE CNTYS COLO JT SCH DIST NO 28J AURORA        | Adams & Arapahoe Joint School District 28J Aurora 5.5%, DUE 12/01/2042             | CUSIP: 0054824S0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3150000 | PA      | $3632948.24   | 1.17%             | 2042-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ADAMS & ARAPAHOE CNTYS COLO JT SCH DIST NO 28J AURORA        | Adams & Arapahoe Counties Joint Sch Dis 28J Aurora 5%, DUE 12/01/2037              | CUSIP: 005484CU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $553592.15    | 0.18%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ADAMS & ARAPAHOE CNTYS COLO JT SCH DIST NO 28J AURORA        | Adams & Arapahoe Counties Joint Sch Dis 28J Aurora 5%, DUE 12/01/2038              | CUSIP: 005484CV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $550642.05    | 0.18%             | 2038-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ADAMS & ARAPAHOE CNTYS COLO JT SCH DIST NO 28J AURORA        | Adams & Arapahoe Counties Joint Sch Dis 28J Aurora 5%, DUE 12/01/2039              | CUSIP: 005484CW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $656251.32    | 0.21%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ADAMS & ARAPAHOE CNTYS COLO JT SCH DIST NO 28J AURORA        | Adams & Arapahoe Counties Joint Sch Dis 28J Aurora 5%, DUE 12/01/2040              | CUSIP: 005484CX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    970000 | PA      | $1051758.39   | 0.34%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ADAMS CNTY COLO                                              | County of Adams CO 5.25%, DUE 12/1/2049                                            | CUSIP: 005596FF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6383266.20   | 2.06%             | 2049-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| AURORA COLO                                                  | City of Aurora Colorado 5%, due 12/1/2035                                          | CUSIP: 051556HY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    615000 | PA      | $625418.90    | 0.20%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AURORA COLO                                                  | AURORA COLO CTFS PARTN COPS 2025 5.25%, DUE 12/1/2045                              | CUSIP: 051556MZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $565936.35    | 0.18%             | 2045-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BNC MET DIST NO 1 COLO                                       | BNC Metropolitan District No. 1, BAM 5%, due 12/1/2037                             | CUSIP: 05567BAP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    545000 | PA      | $557735.07    | 0.18%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BASALT & RURAL FIRE PROTN DIST COLO                          | Basalt & Rural Fire Protection District 5%, Due 12/01/2043                         | CUSIP: 069745CM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    615000 | PA      | $660848.93    | 0.21%             | 2043-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BASALT & RURAL FIRE PROTN DIST COLO                          | BASALT & RURAL FIRE PROTN DISTCOLO TAXABLE 4.65%, Due 12/1/2026                    | CUSIP: 069745CQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $226913.99    | 0.07%             | 2026-12-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| BRADBURN MET DIST NO 2 COLO                                  | Bradburn Metropolitan District No. 2 5%, due 12/1/2038                             | CUSIP: 103844AD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $606804.78    | 0.20%             | 2038-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BRECKENRIDGE COLO                                            | RECKENRIDGE COLO CTFS PARTN COPS 5%, Due 12/01/2042                                | CUSIP: 106443DA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2325000 | PA      | $2472637.04   | 0.80%             | 2042-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BROMLEY PK MET DIST NO 3 COLO                                | Bromley Park Metropolitan District No 3 5%, DUE 12/01/2034                         | CUSIP: 11222PAK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $124844.25    | 0.04%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CENTENNIAL WTR & SANTN DIST COLO                             | Centennial Water & Sanitation District 5.25%, Due 12/01/2053                       | CUSIP: 15141GBF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3453272.88   | 1.11%             | 2053-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| COLORADO BRDG & TUNL ENTERPRISE                              | Colorado Bridge & Tunnel Enterprise 5.25%, DUE 12/01/54                            | CUSIP: 19633TBA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2740000 | PA      | $2896167.67   | 0.93%             | 2054-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| COLORADO EDL & CULTURAL FACS AUTH                            | Colorado Educational & Cultural Facilities Auth. Authorized Revenue                | CUSIP: 19645DBY7<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |   3145000 | PA      | $3154791.01   | 1.02%             | 2035-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO EDL & CULTURAL FACS AUTH                            | COLORADO EDL & CULTURAL FACS AUTH REV 5%, Due 3/1/2040                             | CUSIP: 19645R6B2<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |    500000 | PA      | $508982.65    | 0.16%             | 2040-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO EDL & CULTURAL FACS AUTH                            | Colorado Educational & Cultural Facilities Auth. Authorized Revenue                | CUSIP: 19645RJ77<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000923.30   | 0.32%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO EDL & CULTURAL FACS AUTH                            | Colorado Educational & Cultural Facilities Auth. Authorized Revenue                | CUSIP: 19645RP70<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |   1975000 | PA      | $1708435.83   | 0.55%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO EDL & CULTURAL FACS AUTH                            | Colorado Educational & Cultural Facilities Auth. Authorized Revenue                | CUSIP: 19645RR86<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |    715000 | PA      | $727509.00    | 0.23%             | 2031-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO EDL & CULTURAL FACS AUTH                            | Colorado Educational & Cultural Facilities Auth. Authorized Revenue                | CUSIP: 19645RU33<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |   1140000 | PA      | $1147284.83   | 0.37%             | 2036-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO EDL & CULTURAL FACS AUTH                            | Colorado Educational & Cultural Facilities Auth. Authorized Revenue                | CUSIP: 19645RW56<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |   1580000 | PA      | $1587680.22   | 0.51%             | 2036-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO EDL & CULTURAL FACS AUTH                            | Colorado Educational & Cultural Facilities Auth. Authorized Revenue                | CUSIP: 19645RY54<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1004183.70   | 0.32%             | 2036-07-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| COLORADO EDL & CULTURAL FACS AUTH                            | Colorado Educational & Cultural Facilities Auth. Authorized Revenue                | CUSIP: 19645RZP9<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |   1340000 | PA      | $1341599.69   | 0.43%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO EDL & CULTURAL FACS AUTH                            | Colorado Educational & Cultural Facilities Auth 5.25%, DUE 12/01/2045              | CUSIP: 19645UUT9<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |    800000 | PA      | $809175.12    | 0.26%             | 2045-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| COLORADO EDL & CULTURAL FACS AUTH                            | Colorado Educational & Cultural Facilities Auth 5.25%, DUE 12/01/2055              | CUSIP: 19645UUU6<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |   1330000 | PA      | $1337023.73   | 0.43%             | 2055-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| COLORADO EDL & CULTURAL FACS AUTH                            | Colorado Educational & Cultural Facilities Auth 5.375%, DUE 12/01/2060             | CUSIP: 19645UUV4<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1613804.48   | 0.52%             | 2060-12-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| COLORADO HSG & FIN AUTH                                      | COLORADO HSG & FIN AUTH SING FAMILY 4.25%, DUE 5/1/2049                            | CUSIP: 1964793F4<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |    445000 | PA      | $448525.56    | 0.14%             | 2049-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| COLORADO HSG & FIN AUTH                                      | COLORADO HSG & FIN AUTH SINGLE FAMILY MTG 4.255%, DUE 8/1/2041                     | CUSIP: 1964794J5<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |    765000 | PA      | $771930.67    | 0.25%             | 2049-11-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| COLORADO HSG & FIN AUTH                                      | COLORADO HSG & FIN AUTH SINGLE FAMILY MTG BDS 4.255%, DUE 11/1/2049                | CUSIP: 1964795U9<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |   1135000 | PA      | $1148129.00   | 0.37%             | 2049-11-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| COLORADO HSG & FIN AUTH                                      | COL HEALTH FACS AUTH HOS 2020 Variable Due 12/1/2052                               | CUSIP: 19647PDN0<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |   2350000 | PA      | $2353697.96   | 0.76%             | 2043-11-01      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| COLORADO HSG & FIN AUTH                                      | COLORADO HSG & FIN AUTH MULTIFAMILY HSG VAR Due 10/1/2027                          | CUSIP: 19647PDU4<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |   3555000 | PA      | $3557691.49   | 1.15%             | 2027-10-01      | Variable      | 3.05%                 | No            |                  2 | On Loan: No      |
| COLORADO HSG & FIN AUTH                                      | COLORADO HSG & FIN AUTH MULTIFAMILY HSG 3.375%, DUE 7/1/2044                       | CUSIP: 19647PDX8<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |   4160000 | PA      | $4188401.57   | 1.35%             | 2044-07-01      | Variable      | 3.38%                 | No            |                  2 | On Loan: No      |
| COLORADO HSG & FIN AUTH                                      | Colorado Housing and Finance Authority 4.684%, Due 5/1/2026                        | CUSIP: 1964805G8<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |    930000 | PA      | $930000.00    | 0.30%             | 2026-05-01      | Fixed         | 4.68%                 | No            |                  2 | On Loan: No      |
| COLORADO HSG & FIN AUTH                                      | COLORADO HSG & FIN AUTH MULTI FAMILY PROJ 4.7%, Due 10/1/2048                      | CUSIP: 1964808B6<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |    275000 | PA      | $272898.64    | 0.09%             | 2048-10-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| COLORADO HSG & FIN AUTH                                      | COLORADO HSG & FIN AUTH MULTI FAMILY PROJ 3.35%, Due 10/1/2026                     | CUSIP: 1964808G5<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |   5290000 | PA      | $5291072.81   | 1.71%             | 2026-10-01      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| COLORADO HSG & FIN AUTH                                      | COLORADO HSG & FIN AUTH MULTI FAMILY PROJ 5.082%, Due 10/1/2026                    | CUSIP: 1964808H3<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2001465.60   | 0.65%             | 2026-10-01      | Fixed         | 5.08%                 | No            |                  2 | On Loan: No      |
| COLORADO HSG & FIN AUTH                                      | COLORADO HSG & FIN AUTH SINGLE FAMILY 5.25%, DUE 11/1/2052                         | CUSIP: 196480F93<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |   1665000 | PA      | $1725751.52   | 0.56%             | 2052-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| COLORADO HSG & FIN AUTH                                      | Colorado Housing and Finance Authority 2.2%, DUE 11/1/2038                         | CUSIP: 196480MH7<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |    480000 | PA      | $384429.31    | 0.12%             | 2038-11-01      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| COLORADO HSG & FIN AUTH                                      | Colorado Housing and Finance Authority 3%, DUE 05/01/50                            | CUSIP: 196480MJ3<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |   5780000 | PA      | $5720375.83   | 1.84%             | 2050-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| COLORADO HSG & FIN AUTH                                      | Colorado Housing and Finance Authority 6%, DUE 11/1/2052                           | CUSIP: 196480Q83<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |   1955000 | PA      | $2080691.06   | 0.67%             | 2052-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| COLORADO HSG & FIN AUTH                                      | COLORADO HSG & FIN AUTH SIN FAM MTG CL I BDS 2021 2.125%, DUE 11/01/2042           | CUSIP: 196480TV9<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |    205000 | PA      | $147054.56    | 0.05%             | 2042-11-01      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| COLORADO HSG & FIN AUTH                                      | COLORADO HSG & FIN AUTH SINGLE FAM 3% Due 11/1/2051                                | CUSIP: 196480TW7<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |    285000 | PA      | $281698.25    | 0.09%             | 2051-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| COLORADO HSG & FIN AUTH                                      | COLORADO HSG & FIN AUTH SINGLE FAMILY MTG BDS 2022 3.25%, DUE 5/1/2052             | CUSIP: 196480ZE0<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |   4600000 | PA      | $4555207.50   | 1.47%             | 2052-05-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| COLORADO HEALTH FACS AUTH                                    | COLORADO HEALTH FACS AUTH REV HOSP 5% Due 1/15/2035                                | CUSIP: 19648A4M4<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1630000 | PA      | $1632254.78   | 0.53%             | 2035-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO HEALTH FACS AUTH                                    | Colorado Health Facilities Authority 5%, due 5/15/2030                             | CUSIP: 19648FFL3<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    710000 | PA      | $729028.57    | 0.23%             | 2030-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO HEALTH FACS AUTH                                    | COLORADO HEALTH FACS AUTH REV HOSP 4%, Due 10/1/35                                 | CUSIP: 19648FRP1<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    335000 | PA      | $337683.72    | 0.11%             | 2035-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| COLORADO HEALTH FACS AUTH                                    | COLORADO HEALTH FACS AUTH VAR Due 5/15/2062                                        | CUSIP: 19648FVP6<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3500000.00   | 1.13%             | 2062-05-15      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY COLO HOSP AUTH                                    | COLORADO HEALTH FACS AUTH REV BDS 2024 VAR 05/15/2064                              | CUSIP: 914183BQ0<br>LEI: GQ60RLZ5ZEBY2J9KLI75 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1500000.00   | 0.48%             | 2064-05-15      | Variable      | 2.45%                 | No            |                  2 | On Loan: No      |
| COLORADO HSG & FIN AUTH                                      | COLORADO HSG & FIN AUTH MULTIFAMILY HSG VAR Due 10/1/2027                          | CUSIP: 19648G2A9<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |   7755000 | PA      | $7755000.00   | 2.50%             | 2053-05-01      | Variable      | 3.85%                 | No            |                  2 | On Loan: No      |
| COLORADO HSG & FIN AUTH                                      | COLORADO HSG & FIN AUTH SINGLE FAMILY MTG 5.75%, Due 11/1/2053                     | CUSIP: 19648GAV4<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |   6510000 | PA      | $6973225.56   | 2.25%             | 2053-11-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| COLORADO HSG & FIN AUTH                                      | COLORADO HSG & FIN AUTH SINGLE FAMILY MTG 6.5%, DUE 5/1/2055                       | CUSIP: 19648GB27<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |   6500000 | PA      | $7370138.75   | 2.38%             | 2055-05-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| COLORADO HSG & FIN AUTH                                      | COLORADO HSG & FIN AUTH MULTI FAMILY 3.8%, DUE 4/1/2028                            | CUSIP: 19648GE99<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6058572.00   | 1.95%             | 2028-04-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| COLORADO HSG & FIN AUTH                                      | Colorado Housing and Finance Authority 3.375%, Due 4/1/2028                        | CUSIP: 19648GLX8<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |    715000 | PA      | $720861.43    | 0.23%             | 2028-04-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| COLORADO HSG & FIN AUTH                                      | Colorado Housing and Finance Authority 4.339%, DUE 5/1/2026                        | CUSIP: 19648GRJ3<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |    105000 | PA      | $105000.00    | 0.03%             | 2026-05-01      | Fixed         | 4.34%                 | No            |                  2 | On Loan: No      |
| COLORADO HSG & FIN AUTH                                      | Colorado Housing and Finance Authority 5.75%, DUE 11/1/2054                        | CUSIP: 19648GSX1<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |   9835000 | PA      | $10847111.00  | 3.50%             | 2054-11-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| COLORADO HSG & FIN AUTH                                      | COLORADO HSG & FIN AUTH SINGLE FAMILY MTG 6.25%, DUE 11/1/2055                     | CUSIP: 19648GZ70<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $11179301.00  | 3.60%             | 2055-11-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| COLORADO HSG & FIN AUTH                                      | COLORADO HSG & FIN AUTH MULTI FAMILY 3.4%, DUE 10/1/2029                           | CUSIP: 19648GZG0<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |   2600000 | PA      | $2629439.54   | 0.85%             | 2029-10-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| COLORADO HSG & FIN AUTH                                      | COLORADO HSG & FIN AUTH MULTIFAMILY TAX-EXEMPT 4.48%, Due 3/1/2044                 | CUSIP: 19648WAD9<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2986992.00   | 0.96%             | 2040-10-01      | Fixed         | 4.48%                 | No            |                  2 | On Loan: No      |
| COLORADO SCH MINES                                           | COLORADO SCH MINES INSTL ENTERPRISE REV 5.25%, Due 12/1/2047                       | CUSIP: 19658QGD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1055670.60   | 0.34%             | 2047-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| COLORADO SCH MINES                                           | COLORADO SCH MINES INSTL ENTERPRISE REV 5.25%, Due 12/1/2052                       | CUSIP: 19658QGE1<br>LEI: 549300TQMFMDZTM5HY46 | Long             | DBT              | MUN               | US        |   6835000 | PA      | $7158248.34   | 2.31%             | 2052-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| COLORADO SCH MINES                                           | COLORADO SCH MINES INSTL ENTERPRISE REV 4.8%, Due 12/1/2027                        | CUSIP: 19658QGF8<br>LEI: 549300TQMFMDZTM5HY46 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2034222.60   | 0.66%             | 2027-12-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| COLORADO SCH MINES                                           | Colorado School of Mines 5%, DUE 12/01/2037                                        | CUSIP: 19658QJQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    515000 | PA      | $588390.02    | 0.19%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO SPRINGS COLO                                        | COLORADO SPRINGS COLO MULTIFAMILY HSG REV BDS 2025 VAR, Due 12/01/2045             | CUSIP: 196623AD4<br>LEI: 2549003N3PXBHQH2V448 | Long             | DBT              | MUN               | US        |   7970000 | PA      | $7984668.79   | 2.57%             | 2045-12-01      | Variable      | 3.15%                 | No            |                  2 | On Loan: No      |
| COLORADO SPRINGS COLO                                        | NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS VAR 06/15/2050                    | CUSIP: 196632BH5<br>LEI: 2549003N3PXBHQH2V448 | Long             | DBT              | MUN               | US        |   6455000 | PA      | $6455000.00   | 2.08%             | 2036-11-01      | Variable      | 3.37%                 | No            |                  2 | On Loan: No      |
| COLORADO SPRINGS COLO                                        | City of Colorado Springs CO Utilities 1.25% due 11/01/2037                         | CUSIP: 196632BK8<br>LEI: 2549003N3PXBHQH2V448 | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2200000.00   | 0.71%             | 2037-11-01      | Variable      | 3.30%                 | No            |                  2 | On Loan: No      |
| COLORADO ST BLDG EXCELLENT SCHS TODAY                        | COLORADO ST BLDG EXCELLENT SCHS TODAY 5%, DUE 3/15/2042                            | CUSIP: 19668QPR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $820940.18    | 0.26%             | 2042-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST BLDG EXCELLENT SCHS TODAY                        | COLORADO ST BLDG EXCELLENT SCHS TODAY 5%, DUE 3/15/2043                            | CUSIP: 19668QPS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    315000 | PA      | $341351.20    | 0.11%             | 2043-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST BLDG EXCELLENT SCHS TODAY                        | COLORADO ST BLDG EXCELLENT SCHS TODAY 5%, DUE 3/15/2044                            | CUSIP: 19668QPT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    780000 | PA      | $837708.77    | 0.27%             | 2044-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CORNERSTAR MET DIST COLO                                     | Cornerstar Metropolitan District 5.125%, due 12/1/2037                             | CUSIP: 21923JAC2<br>LEI: 549300E33QX68QTOF873 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000049.80   | 0.32%             | 2037-12-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| CRESTED BUTTE COLO                                           | CRESTED BUTTE COLO CTFS PARTN CTFS OF PARTN 5%, Due 12/1/2043                      | CUSIP: 22611CAR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1054507.30   | 0.34%             | 2043-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DENVER COLO CITY & CNTY HSG AUTH                             | DENVER COLO CITY & CNTY MULTIFAMILY HSG REV BDS 5%, DUE 11/1/2052                  | CUSIP: 24917QBP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2017869.40   | 0.65%             | 2045-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DENVER COLO HEALTH & HOSP AUTH                               | Denver Health & Hospital Authority 5%, due 12/1/2030                               | CUSIP: 24918TAL1<br>LEI: 549300WFV5S7GIR4OS67 | Long             | DBT              | MUN               | US        |    350000 | PA      | $367621.80    | 0.12%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DENVER COLO HEALTH & HOSP AUTH                               | Denver Health & Hospital Authority 5%, due 12/1/2031                               | CUSIP: 24918TAM9<br>LEI: 549300WFV5S7GIR4OS67 | Long             | DBT              | MUN               | US        |    350000 | PA      | $366695.11    | 0.12%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DENVER COLO HEALTH & HOSP AUTH                               | Denver Health & Hospital Authority 5%, due 12/1/2032                               | CUSIP: 24918TAN7<br>LEI: 549300WFV5S7GIR4OS67 | Long             | DBT              | MUN               | US        |    225000 | PA      | $234943.52    | 0.08%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DENVER COLO HEALTH & HOSP AUTH                               | Denver Health & Hospital Authority 5%, due 12/1/2033                               | CUSIP: 24918TAP2<br>LEI: 549300WFV5S7GIR4OS67 | Long             | DBT              | MUN               | US        |    240000 | PA      | $250041.98    | 0.08%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DENVER COLO CITY & CNTY                                      | DENVER COLO CITY & CNTY MULTI-FAMILY HSG 4.7%, DUE 10/1/2042                       | CUSIP: 249190GK9<br>LEI: MMTY7HA2MSCBUO4F7J71 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3716977.60   | 1.20%             | 2042-10-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| DENVER COLO CITY & CNTY                                      | DENVER COLO CITY & CNTY MULTI-FAMILY HSG VAR 10/01/2028                            | CUSIP: 249190GL7<br>LEI: MMTY7HA2MSCBUO4F7J71 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1032687.70   | 0.33%             | 2028-10-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| DENVER COLO URBAN RENEWAL AUTH                               | Denver Colorado Urban Renewal Authority Tax Incr 9th & Co Urban Redevelopment Area | CUSIP: 249301FX5<br>LEI: 54930040L61W75KRAG79 | Long             | DBT              | MUN               | US        |   3300000 | PA      | $3313589.73   | 1.07%             | 2039-12-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| DENVER COLO URBAN RENEWAL AUTH                               | Denver Colorado Urban Renewal Authority Tax Incr 9th & Co Urban Redevelopment Area | CUSIP: 249301FY3<br>LEI: 54930040L61W75KRAG79 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1104041.84   | 0.36%             | 2039-12-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| DURANGO COLO                                                 | City of Durango CO 5%, DUE 12/01/2044                                              | CUSIP: 266463FD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $107783.13    | 0.03%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DURANGO COLO                                                 | City of Durango CO 5.25%, DUE 12/01/50                                             | CUSIP: 266463FF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1079481.40   | 0.35%             | 2050-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| DURANGO COLO                                                 | City of Durango CO 5.25%, DUE 12/01/55                                             | CUSIP: 266463FG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1340894.63   | 0.43%             | 2055-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| E 470 PUB HWY AUTH COLO                                      | E 470 PUB HWY AUTH COLO REV SR BDS VAR Due 09/01/2039                              | CUSIP: 26822LMX9<br>LEI: 549300164ZV2301BC703 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2994576.90   | 0.97%             | 2039-09-01      | Floating      | 3.28%                 | No            |                  2 | On Loan: No      |
| EAGLE CNTY COLO                                              | EAGLE CNTY COLO HSG & DEV MULTIFAMILY HSG REV BDS VAR, DUE 12/01/2045              | CUSIP: 26947XAA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3260000 | PA      | $3278138.64   | 1.06%             | 2045-12-01      | Variable      | 3.55%                 | No            |                  2 | On Loan: No      |
| ERIE COMMONS MET DIST NO 2 COLO                              | ERIE COMMONS MET DIST NO 2 COLO SR 3%, Due 12/1/2049                               | CUSIP: 295022AU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $73959.35     | 0.02%             | 2049-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ERIE FARM MET DIST COLO                                      | ERIE FARM MET DIST COLO GO LTD TAX REF 5.000%, Due 12/01/2041                      | CUSIP: 295244AT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    570000 | PA      | $603381.08    | 0.19%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ERIE FARM MET DIST COLO                                      | ERIE FARM MET DIST COLO GO LTD TAX REF 4.000%, Due 06/01/2051                      | CUSIP: 295244AV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $991071.62    | 0.32%             | 2051-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| EVERGREEN COLO PK & REC DIST                                 | Evergreen Park & Recreation District 5%, DUE 12/01/2040                            | CUSIP: 300224AQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    720000 | PA      | $793360.15    | 0.26%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EVERGREEN COLO PK & REC DIST                                 | Evergreen Park & Recreation District 5%, DUE 12/01/2041                            | CUSIP: 300224AR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    510000 | PA      | $556092.78    | 0.18%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FOSSIL RIDGE MET DIST NO 3 COLO                              | Fossil Ridge Met Dist No 3 Colorado 2.375%, Due 12/1/2039                          | CUSIP: 34988CBR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $584090.10    | 0.19%             | 2039-12-01      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| FRASER VY MET RECREATIONAL DIST COLO                         | FRASER VY MET REC DIST COLO 5.25%, Due 12/01/2053                                  | CUSIP: 35553DAN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $515400.45    | 0.17%             | 2053-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| FREMONT CUSTER & EL PASO CNTYS COLO SCH DIST NO RE-2 FREMONT | Fremont Custer & El Paso Counties School 5.25%, Due 12/1/2047                      | CUSIP: 357281FS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3454688.90   | 1.11%             | 2047-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| GARFIELD CNTY COLO SCH DIST NO RE-2 GARFIELD                 | Garfield County School District No. RE2 3.050%, DUE 12/01/2026                     | CUSIP: 365653ND2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $497355.65    | 0.16%             | 2026-12-01      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| GRAND CNTY COLO                                              | GRAND CNTY COLO CTFS PARTN COPS 2025 5%, DUE 12/01/2042                            | CUSIP: 385301AS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    455000 | PA      | $490831.57    | 0.16%             | 2042-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GRAND CNTY COLO                                              | GRAND CNTY COLO CTFS PARTN COPS 2025 5%, DUE 12/01/2043                            | CUSIP: 385301AT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $534138.40    | 0.17%             | 2043-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GRAND CNTY COLO                                              | GRAND CNTY COLO CTFS PARTN COPS 2025 5%, DUE 12/01/2044                            | CUSIP: 385301AU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    640000 | PA      | $678254.98    | 0.22%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GRAND CNTY COLO                                              | GRAND CNTY COLO CTFS PARTN COPS 2025 5%, DUE 12/01/2045                            | CUSIP: 385301AV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    495000 | PA      | $520928.15    | 0.17%             | 2045-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GRAND JCT COLO ARPT AUTH                                     | Grand Junction Regional Airport Authority 5%, due 12/1/2031                        | CUSIP: 385785AM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1155000 | PA      | $1172318.76   | 0.38%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GUNNISON WATERSHED COLO SCH DIST NO RE-1J                    | General Obligation UNLTD Gunnison Watershed                                        | CUSIP: 402892EP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6500000 | PA      | $6769150.70   | 2.18%             | 2047-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GYPSUM COLO                                                  | Town of Gypsum CO Sewer Revenue 5%, Due 12/01/2043                                 | CUSIP: 40377VBU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1599065.85   | 0.52%             | 2043-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GYPSUM COLO                                                  | Town of Gypsum CO Sewer Revenue 5%, Due 12/01/2044                                 | CUSIP: 40377VBV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2908294.68   | 0.94%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HOGBACK MET DIST COLO                                        | HOGBACK MET DIST COLO 5.000%. Due 12/01/2041                                       | CUSIP: 434610AA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $690186.70    | 0.22%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HUNTERS OVERLOOK MET DIST NO 5 COLO                          | HUNTERS OVERLOOK MET DIST NO 5COLO LTD 5%, DUE 12/1/2044                           | CUSIP: 445788AU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $272601.78    | 0.09%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HYLAND HILLS PK & REC DIST COLO                              | Hyland Hills Park & Recreation District 5%, Due 12/15/2041                         | CUSIP: 44909GAP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2430000 | PA      | $2590181.47   | 0.83%             | 2041-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAIKER HSG PARTNERS COLO                                     | MAIKER HSG PARTNERS COLO MULTIFAMILY HSG 4.5%, Due 5/1/2042                        | CUSIP: 56031AAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6042733.20   | 1.95%             | 2042-05-01      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| MOFFAT CNTY COLO                                             | MOFFAT CNTY COL 2021 4.000% Due 3/1/2046                                           | CUSIP: 60787PDC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4060000 | PA      | $3694020.23   | 1.19%             | 2046-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NORTH PINE VISTAS MET DIST NO 2 COLO                         | NORTH PINE VISTAS MET DIST NO 2 COLO 5.25%, Due 12/1/2042                          | CUSIP: 661557AN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $668248.44    | 0.22%             | 2042-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NORTH PINE VISTAS MET DIST NO 2 COLO                         | NORTH PINE VISTAS MET DIST NO 2 COLO 5%, Due 12/1/2052                             | CUSIP: 661557AP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1020617.20   | 0.33%             | 2052-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH PINE VISTAS MET DIST NO 3 COLO                         | NORTH PINE VISTAS MET DIST NO 3 COLO 4.000%, Due 12/01/2036                        | CUSIP: 661558AT3<br>LEI: 549300JO4PQGD5ZFAB64 | Long             | DBT              | MUN               | US        |    175000 | PA      | $179742.54    | 0.06%             | 2036-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PARK CREEK MET DIST COLO                                     | PARK CREEK MET DIST COLO LTD PPTY 5%, Due 12/01/2037                               | CUSIP: 700385AN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    370000 | PA      | $407063.79    | 0.13%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PARK CREEK MET DIST COLO                                     | PARK CREEK MET DIST COLO LTD PPTY 5%, Due 12/01/2038                               | CUSIP: 700385AP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    655000 | PA      | $716151.46    | 0.23%             | 2038-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PARK CREEK MET DIST COLO                                     | PARK CREEK MET DIST COLO LTD PPTY 5%, Due 12/01/2039                               | CUSIP: 700385AQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    730000 | PA      | $792544.65    | 0.26%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PARK CREEK MET DIST COLO                                     | PARK CREEK MET DIST COLO LTD PPTY 5%, Due 12/01/2041                               | CUSIP: 700385AS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $534548.55    | 0.17%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PARK CREEK MET DIST COLO                                     | PARK CREEK MET DIST COLO LTD PPTY 5%, Due 12/01/2042                               | CUSIP: 700385AT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $529917.90    | 0.17%             | 2042-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PARK CREEK MET DIST COLO                                     | Park Creek Metropolitan District 5%, DUE 12/1/2039                                 | CUSIP: 700385CB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1628516.40   | 0.52%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PARK CREEK MET DIST COLO                                     | Park Creek Metropolitan District 5%, DUE 12/1/2040                                 | CUSIP: 700385CC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1564145.60   | 0.50%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PARK CREEK MET DIST COLO                                     | Park Creek Metropolitan District 5%, DUE 12/1/2041                                 | CUSIP: 700385CD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1282916.52   | 0.41%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PLATTEVILLE-GILCREST FIRE PROTN DIST                         | Platteville-Gilcrest Fire Prot Cops 2018 5.0%, due 12/01/2033                      | CUSIP: 727866AQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $184667.72    | 0.06%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC AUTH FOR COLO ENERGY NAT GAS PUR                      | PUBLIC AUTH FOR COLO ENERGY NAT GAS PUR REV NATURA 6.5%, DUE 11/15/2038            | CUSIP: 744387AD3<br>LEI: 549300C6IJKXQOMRAB11 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3622177.20   | 1.17%             | 2038-11-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH                                    | Puerto Rico Electric Power Authority 2.394%, due 7/1/2029                          | CUSIP: 74526QLY6<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    290000 | PA      | $281093.23    | 0.09%             | 2029-07-01      | Floating      | 3.36%                 | No            |                  2 | On Loan: No      |
| RAINDANCE MET DIST NO 2 COLO                                 | Raindance Metropolitan District No 2 4%. DUE 12/1/2044                             | CUSIP: 75087FAQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1730908.98   | 0.56%             | 2044-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| RAMPART RANGE MET DIST NO 1 COLO                             | Rampart Range Colorado Met District 5.0%, Due 12/01/2047                           | CUSIP: 75157TAB5<br>LEI: 549300YG458KQEHMQF33 | Long             | DBT              | MUN               | US        |  10835000 | PA      | $10877266.25  | 3.51%             | 2047-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RAMPART RANGE MET DIST NO 1 COLO                             | RAMPART RANGE MET DIST NO 1 COLO LTD TAX 5.25%, DUE 12/01/50                       | CUSIP: 75157TAT6<br>LEI: 549300YG458KQEHMQF33 | Long             | DBT              | MUN               | US        |    500000 | PA      | $519159.20    | 0.17%             | 2050-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| RAMPART RANGE MET DIST NO 1 COLO                             | RAMPART RANGE MET DIST NO 1 COLO LTD TAX 5.25%, DUE 12/01/55                       | CUSIP: 75157TAU3<br>LEI: 549300YG458KQEHMQF33 | Long             | DBT              | MUN               | US        |    750000 | PA      | $774554.63    | 0.25%             | 2055-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SBC MET DIST COLO                                            | SBC Metropolitan District 5%, due 12/1/2034                                        | CUSIP: 805845BP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $208047.90    | 0.07%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SILVERTHORNE COLO                                            | Town of Silverthorne CO 5%, Due 12/1/2044                                          | CUSIP: 82845JAR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2650000 | PA      | $2808399.51   | 0.91%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTHSHORE MET DIST NO 2 COLO                                | Southshore Met Dist #2 Colorado 4.0%, Due 12/01/2046                               | CUSIP: 84467PAE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6300000 | PA      | $5959510.20   | 1.92%             | 2046-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ST VRAIN LAKES MET DIST NO 2 COLO                            | St Vrain Lakes Metropolitan District No 2 5%, Due 12/1/2026                        | CUSIP: 85236GAE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $157403.51    | 0.05%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TELLURIDE COLO                                               | TELLURIDE COLO CTFS PARTN COPS 5%, Due 12/1/2043                                   | CUSIP: 879676BK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $529242.00    | 0.17%             | 2043-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TELLURIDE COLO                                               | TELLURIDE COLO CTFS PARTN COPS 2025 5%, DUE 12/1/2045                              | CUSIP: 879676CC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $369991.20    | 0.12%             | 2045-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TIMNATH RANCH MET DIST NO 4 COLO                             | TIMNATH RANCH MET DIST NO 4 COLO GO LTD TAX 5%, Due 12/1/2039                      | CUSIP: 887431AR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $649313.76    | 0.21%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TODD CREEK VLG MET DIST COLO                                 | TODD CREEK VLG MET DIST COLO WTR ACTIVITY 5.25%, Due 12/01/2033                    | CUSIP: 88901MAR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1410081.48   | 0.45%             | 2033-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TODD CREEK VLG MET DIST COLO                                 | Todd Creek Village CO Metro. Dist. Water Activity 5.250%, Due 12/01/2038           | CUSIP: 88901MAS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1030716.40   | 0.33%             | 2038-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TODD CREEK VLG MET DIST COLO                                 | Todd Creek Village CO Metro. Dist. Water Activity 5.875%, Due 12/01/2038           | CUSIP: 88901MAU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    740000 | PA      | $740055.50    | 0.24%             | 2038-12-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                 | UNITED STATES TREAS NTS 1.375%, DUE 10/31/2028                                     | CUSIP: 91282CDF5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5000000 | PA      | $4712109.40   | 1.52%             | 2028-10-31      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                 | U.S. Treasury Notes 2.75%, due 05/31/2029                                          | CUSIP: 91282CES6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5500000 | PA      | $5355195.34   | 1.73%             | 2029-05-31      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                 | UNITED STATES TREAS NTS 4.25%, Due 8/15/2035                                       | CUSIP: 91282CFJ5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4000000 | PA      | $3934687.52   | 1.27%             | 2029-08-31      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| WHISPERING PINES MET DIST NO 1 COLO                          | Whispering Pines Metropolitan District No 1 CO 5%, Due 12/1/2043                   | CUSIP: 96337CAV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $342911.66    | 0.11%             | 2043-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-31

**Name of Applicant:** SBH Colorado Tax Free Fund

**Signature:** Daniel D. Bauer

**Name of Signer:** Daniel D. Bauer

**Title:** Assistant Treasurer