# EDGAR Filing Document

**Accession Number:** 0000898745
**File Stem:** 0000898745-26-000439
**Filing Date:** 2026-3
**Character Count:** 115509
**Document Hash:** 93ccaa6798c8c148c88af8ad24a5b933
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000898745-26-000439.hdr.sgml**: 20260325

**ACCESSION NUMBER**: 0000898745-26-000439

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260325

**DATE AS OF CHANGE**: 20260325

**PERIOD START**: 20261031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PRINCIPAL FUNDS, INC.
- **CENTRAL INDEX KEY:** 0000898745

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07572
- **FILM NUMBER:** 26789647

**BUSINESS ADDRESS:**
- **STREET 1:** 711 HIGH STREET
- **CITY:** DES MOINES
- **STATE:** IA
- **ZIP:** 50392
- **BUSINESS PHONE:** 515-235-9328

**MAIL ADDRESS:**
- **STREET 1:** PRINCIPAL FINANCIAL GROUP
- **CITY:** DES MOINES
- **STATE:** IA
- **ZIP:** 50392

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PRINCIPAL FUNDS, INC
- **DATE OF NAME CHANGE:** 20211220

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PRINCIPAL FUNDS INC
- **DATE OF NAME CHANGE:** 20080616

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PRINCIPAL INVESTORS FUND INC
- **DATE OF NAME CHANGE:** 20001012

## Series and Classes Contracts Data

### California Municipal Fund (Series ID: S000014232)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000038715 | Class A       | SRCMX           |
| C000038717 | Class C       | SRCCX           |
| C000153061 | Institutional | PCMFX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Principal Funds, Inc

- **b. Investment Company Act file number:** 811-07572

- **c. CIK number of Registrant:** 0000898745

- **d. LEI of Registrant:** 549300HZGBXSW6DSXF23

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

  - **Street Address 1:** 711 High St

  - **City:** Des Moines

  - **State:** IA

  - **Foreign country:** US

  - **Zip / Postal Code:** 50392

  - **Telephone number:** 515-235-1719

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

- **a. Name of Series:** California Municipal Fund

- **b. EDGAR series identifier (if any):** S000014232

- **c. LEI of Series:** 549300TB8YHKFT7I8G29

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

- **a. Date of fiscal year-end:** 2026-10-31

- **b. Date as of which information is reported:** 2026-01-31

**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:** $675322810.60

**Total Liabilities:** $3543306.72

**Net Assets:** $671779503.88

**Delayed Delivery Securities:** $1184360.00

**Cash Not Reported:** $115208.09

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 1681.87220000 | **1-Year:** 4702.55130000 | **5-Year:** 71685.82480000 | **10-Year:** 148449.47000000 | **30-Year:** 160560.91760000

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

- **3-Month:** 214.76850000 | **1-Year:** 600.49730000 | **5-Year:** 9153.99790000 | **10-Year:** 18956.41350000 | **30-Year:** 20502.99770000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000153061 | 0.38%                | 0.12%                | 0.82%                |
| Class ID C000038715 | 0.36%                | 0.20%                | 0.70%                |
| Class ID C000038717 | 0.40%                | 0.02%                | 0.63%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $15018.04                | $906460.49                                 |
| Month 2  | $-879073.33              | $-251170.10                                |
| Month 3  | $101945.80               | $2741196.49                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Commonwealth of Puerto Rico                                                                               | Commonwealth of Puerto Rico                                                                               | CUSIP: 74514L3T2<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   1569244 | PA      | $1027854.73   | 0.15%             | 2043-11-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| iShares California Muni Bond ETF                                                                          | iShares California Muni Bond ETF                                                                          | CUSIP: 464288356<br>LEI: 5493005PBQ3IFT3REX09 | Long             | EC               | RF                | US        |       702 | NS      | $40645.80     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| California Pollution Control Financing Authority                                                          | California Pollution Control Financing Authority                                                          | CUSIP: 13054WAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12500000 | PA      | $12549818.75  | 1.87%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                    | California Municipal Finance Authority                                                                    | CUSIP: 13048TN90<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2114808.78   | 0.31%             | 2036-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Coachella Valley Unified School District/CA                                                               | Coachella Valley Unified School District/CA                                                               | CUSIP: 189849HQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $2440809.60   | 0.36%             | 2039-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport                              | San Francisco City & County Airport Comm-San Francisco International Airport                              | CUSIP: 79766DVX4<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4393926.80   | 0.65%             | 2043-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| East Bay Municipal Utility District Water System Revenue                                                  | East Bay Municipal Utility District Water System Revenue                                                  | CUSIP: 271014D33<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $9865.69      | 0.00%             | 2037-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| County of Sacramento CA Airport System Revenue                                                            | County of Sacramento CA Airport System Revenue                                                            | CUSIP: 786107VC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10638947.00  | 1.58%             | 2054-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                                               | Commonwealth of Puerto Rico                                                                               | CUSIP: 74514L3K1<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |        17 | PA      | $17.18        | 0.00%             | 2033-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                    | California Municipal Finance Authority                                                                    | CUSIP: 13049YEN7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10636201.00  | 1.58%             | 2031-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco Bay Area Rapid Transit District Sales Tax Revenue                                           | San Francisco Bay Area Rapid Transit District Sales Tax Revenue                                           | CUSIP: 797669ZF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2075000 | PA      | $2089109.17   | 0.31%             | 2039-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                                               | Commonwealth of Puerto Rico                                                                               | CUSIP: 74514L3J4<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |       332 | PA      | $366.52       | 0.00%             | 2031-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport                              | San Francisco City & County Airport Comm-San Francisco International Airport                              | CUSIP: 79766DLW7<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3173927.10   | 0.47%             | 2036-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power Water System Revenue                                              | Los Angeles Department of Water & Power Water System Revenue                                              | CUSIP: 5445252H0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8700000 | PA      | $10197380.49  | 1.52%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Santa Monica-Malibu Unified School District                                                               | Santa Monica-Malibu Unified School District                                                               | CUSIP: 802498D77<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2067602.40   | 0.31%             | 2042-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                                          | California Health Facilities Financing Authority                                                          | CUSIP: 13032US82<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2053835.80   | 0.31%             | 2054-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                                                         | California Housing Finance Agency                                                                         | CUSIP: 13033DAG0<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |  11912453 | PA      | $12190772.01  | 1.81%             | 2035-03-25      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Richmond Joint Powers Financing Authority                                                                 | Richmond Joint Powers Financing Authority                                                                 | CUSIP: 764440JT1<br>LEI: 549300O54N3JTBY74Q35 | Long             | DBT              | MUN               | US        |   1180000 | PA      | $1279591.06   | 0.19%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport                              | San Francisco City & County Airport Comm-San Francisco International Airport                              | CUSIP: 79766DLB3<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1400000.00   | 0.21%             | 2058-05-01      | Variable      | 1.40%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                                                   | Los Angeles Department of Water & Power                                                                   | CUSIP: 544532CV4<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |    520000 | PA      | $565906.95    | 0.08%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                    | California Statewide Communities Development Authority                                                    | CUSIP: 13080SVK7<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1031842.50   | 0.15%             | 2038-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| University of California                                                                                  | University of California                                                                                  | CUSIP: 91412HTJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    950000 | PA      | $950000.00    | 0.14%             | 2054-05-15      | Variable      | 1.99%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                    | California Statewide Communities Development Authority                                                    | CUSIP: 13080SSH8<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1135000 | PA      | $1156846.48   | 0.17%             | 2032-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Inland Valley Development Agency                                                                          | Inland Valley Development Agency                                                                          | CUSIP: 45750TAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1009567.10   | 0.15%             | 2037-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Pollution Control Financing Authority                                                          | California Pollution Control Financing Authority                                                          | CUSIP: 13054WAN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1037416.80   | 0.15%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southern California Public Power Authority                                                                | Southern California Public Power Authority                                                                | CUSIP: 842469CK2<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1040105.10   | 0.15%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Compton CA Water Revenue                                                                          | City of Compton CA Water Revenue                                                                          | CUSIP: 204744AK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1289832.63   | 0.19%             | 2039-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts/Certificates                                                            | Tender Option Bond Trust Receipts/Certificates                                                            | CUSIP: 88035RDA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $350000.00    | 0.05%             | 2043-11-01      | Variable      | 2.95%                 | No            |                  2 | On Loan: No      |
| University of California                                                                                  | University of California                                                                                  | CUSIP: 91412HWL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4250000 | PA      | $5284052.63   | 0.79%             | 2040-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Port of Los Angeles                                                                                       | Port of Los Angeles                                                                                       | CUSIP: 544552C42<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $575640.60    | 0.09%             | 2033-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Poway Unified School District                                                                             | Poway Unified School District                                                                             | CUSIP: 738850RB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $2867222.40   | 0.43%             | 2036-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                                               | Commonwealth of Puerto Rico                                                                               | CUSIP: 74514L3N5<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |        16 | PA      | $15.02        | 0.00%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Pollution Control Financing Authority                                                          | California Pollution Control Financing Authority                                                          | CUSIP: 130536KL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1223247.96   | 0.18%             | 2027-12-01      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| California Educational Facilities Authority                                                               | California Educational Facilities Authority                                                               | CUSIP: 130178X76<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4645000 | PA      | $5519347.39   | 0.82%             | 2043-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                                                     | California Infrastructure & Economic Development Bank                                                     | CUSIP: 13034RAS2<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   1130000 | PA      | $1198468.96   | 0.18%             | 2039-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| M-S-R Energy Authority                                                                                    | M-S-R Energy Authority                                                                                    | CUSIP: 55374SAG5<br>LEI: 549300UEMSS1JTK5YB98 | Long             | DBT              | MUN               | US        |   1580000 | PA      | $1677456.61   | 0.25%             | 2029-11-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                    | California Municipal Finance Authority                                                                    | CUSIP: 13049YEA5<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5130411.00   | 0.76%             | 2044-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                                               | Commonwealth of Puerto Rico                                                                               | CUSIP: 74514L3P0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    446171 | PA      | $397338.83    | 0.06%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Southern California Public Power Authority                                                                | Southern California Public Power Authority                                                                | CUSIP: 842469CM8<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1032262.70   | 0.15%             | 2053-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Educational Facilities Authority                                                               | California Educational Facilities Authority                                                               | CUSIP: 130179EV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001569.70   | 0.15%             | 2036-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport                              | San Francisco City & County Airport Comm-San Francisco International Airport                              | CUSIP: 79766DLV9<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1062190.50   | 0.16%             | 2035-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                    | California Statewide Communities Development Authority                                                    | CUSIP: 13080SWM2<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    375000 | PA      | $387784.28    | 0.06%             | 2034-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                                          | California Health Facilities Financing Authority                                                          | CUSIP: 13032UUW6<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10989299.00  | 1.64%             | 2041-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| California Educational Facilities Authority                                                               | California Educational Facilities Authority                                                               | CUSIP: 130178VU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2825000 | PA      | $3567502.94   | 0.53%             | 2040-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Bay Area Toll Authority                                                                                   | Bay Area Toll Authority                                                                                   | CUSIP: 072024A85<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1086547.60   | 0.16%             | 2043-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                    | California Municipal Finance Authority                                                                    | CUSIP: 13049YDZ1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    600000 | PA      | $618118.86    | 0.09%             | 2043-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                                          | California Health Facilities Financing Authority                                                          | CUSIP: 13032UU71<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   4905000 | PA      | $5181590.99   | 0.77%             | 2044-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Public Finance Authority                                                                       | California Public Finance Authority                                                                       | CUSIP: 13057EBC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1325000 | PA      | $1233386.98   | 0.18%             | 2047-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                                                       | State of California                                                                                       | CUSIP: 13063DD88<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |      5000 | PA      | $5371.85      | 0.00%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of Guam                                                                                    | Port Authority of Guam                                                                                    | CUSIP: 400652AA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005650.80   | 0.15%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Santa Monica-Malibu Unified School District                                                               | Santa Monica-Malibu Unified School District                                                               | CUSIP: 802498G66<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1210227.80   | 0.18%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Industrial Tourist Educational Medical & Environmental Control Facilities Financing Authority | Puerto Rico Industrial Tourist Educational Medical & Environmental Control Facilities Financing Authority | CUSIP: 74528LAA9<br>LEI: 549300YJRISCG6HQ4512 | Long             | DBT              | MUN               | US        |   5550000 | PA      | $6288309.29   | 0.94%             | 2045-01-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                    | California Statewide Communities Development Authority                                                    | CUSIP: 13080SEV2<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3504295.90   | 0.52%             | 2034-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Statewide Financing Authority                                                                  | California Statewide Financing Authority                                                                  | CUSIP: 130923AR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2050000 | PA      | $2054913.44   | 0.31%             | 2043-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                                                       | State of California                                                                                       | CUSIP: 13062TH72<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5780229.50   | 0.86%             | 2032-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Anaheim Housing & Public Improvements Authority                                                           | Anaheim Housing & Public Improvements Authority                                                           | CUSIP: 032556NJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.01%             | 2054-10-01      | Variable      | 2.70%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts/Certificates                                                            | Tender Option Bond Trust Receipts/Certificates                                                            | CUSIP: 88035PDW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000000.00   | 0.30%             | 2032-12-01      | Variable      | 2.90%                 | No            |                  2 | On Loan: No      |
| Riverside County Transportation Commission                                                                | Riverside County Transportation Commission                                                                | CUSIP: 76912DAZ1<br>LEI: 5493003G0IESJS57M350 | Long             | DBT              | MUN               | US        |   3460000 | PA      | $3137223.87   | 0.47%             | 2046-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Pollution Control Financing Authority                                                          | California Pollution Control Financing Authority                                                          | CUSIP: 13053RAM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 0.15%             | 2042-03-01      | Variable      | 2.80%                 | No            |                  2 | On Loan: No      |
| Golden State Tobacco Securitization Corp                                                                  | Golden State Tobacco Securitization Corp                                                                  | CUSIP: 38122NZC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5194673.50   | 0.77%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alameda Corridor Transportation Authority                                                                 | Alameda Corridor Transportation Authority                                                                 | CUSIP: 010869GZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5270000 | PA      | $5336805.16   | 0.79%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Pollution Control Financing Authority                                                          | California Pollution Control Financing Authority                                                          | CUSIP: 13054WAD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2013410.00   | 0.30%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                                       | California School Finance Authority                                                                       | CUSIP: 13059TFG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1020678.30   | 0.15%             | 2038-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Norco Community Redevelopment Agency Successor Agency                                                     | Norco Community Redevelopment Agency Successor Agency                                                     | CUSIP: 655505AL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    895000 | PA      | $897188.01    | 0.13%             | 2032-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Educational Facilities Authority                                                               | California Educational Facilities Authority                                                               | CUSIP: 130179XC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $2196090.72   | 0.33%             | 2055-03-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Sacramento CA Airport System Revenue                                                            | County of Sacramento CA Airport System Revenue                                                            | CUSIP: 786107RW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2070791.40   | 0.31%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                                               | Commonwealth of Puerto Rico                                                                               | CUSIP: 74514L3G0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |       405 | PA      | $414.12       | 0.00%             | 2027-07-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                    | California Municipal Finance Authority                                                                    | CUSIP: 13048RAG2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3898100.40   | 0.58%             | 2044-10-01      | Variable      | 2.40%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                    | California Statewide Communities Development Authority                                                    | CUSIP: 13080SWL4<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    550000 | PA      | $538216.80    | 0.08%             | 2029-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Alameda Corridor Transportation Authority                                                                 | Alameda Corridor Transportation Authority                                                                 | CUSIP: 010869JM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1021632.85   | 0.15%             | 2047-10-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| California Pollution Control Financing Authority                                                          | California Pollution Control Financing Authority                                                          | CUSIP: 13054WAW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1089291.70   | 0.16%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego Association of Governments South Bay Expressway Revenue                                         | San Diego Association of Governments South Bay Expressway Revenue                                         | CUSIP: 797257AU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1547391.75   | 0.23%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Joaquin Valley Clean Energy Authority                                                                 | San Joaquin Valley Clean Energy Authority                                                                 | CUSIP: 79811YAK4<br>LEI: 254900VA5DFN33OVGH87 | Long             | DBT              | MUN               | US        |   9050000 | PA      | $10173259.76  | 1.51%             | 2056-01-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| La Verne Public Financing Authority                                                                       | La Verne Public Financing Authority                                                                       | CUSIP: 505207AK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $105368.51    | 0.02%             | 2026-09-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                                                | City of Los Angeles Department of Airports                                                                | CUSIP: 544445J83<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    415000 | PA      | $417531.13    | 0.06%             | 2026-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Pollution Control Financing Authority                                                          | California Pollution Control Financing Authority                                                          | CUSIP: 13054WAU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1059939.10   | 0.16%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                                                       | California School Finance Authority                                                                       | CUSIP: 13059TBY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1925000 | PA      | $1926789.67   | 0.29%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Richmond Joint Powers Financing Authority                                                                 | Richmond Joint Powers Financing Authority                                                                 | CUSIP: 764440JV6<br>LEI: 549300O54N3JTBY74Q35 | Long             | DBT              | MUN               | US        |   3660000 | PA      | $3928370.60   | 0.58%             | 2037-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                    | California Statewide Communities Development Authority                                                    | CUSIP: 13078YNX9<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    940000 | PA      | $946290.20    | 0.14%             | 2048-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts/Certificates                                                            | Tender Option Bond Trust Receipts/Certificates                                                            | CUSIP: 88035E2L6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $290000.00    | 0.04%             | 2049-10-01      | Variable      | 2.36%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                                           | California Community Choice Financing Authority                                                           | CUSIP: 13013JDB9<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5340721.00   | 0.80%             | 2054-02-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| California State University                                                                               | California State University                                                                               | CUSIP: 13077DAW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2056230.60   | 0.31%             | 2037-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Water District of Southern California                                                        | Metropolitan Water District of Southern California                                                        | CUSIP: 59266TSR3<br>LEI: 5493003GD0S0P56RLT45 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5434380.50   | 0.81%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sacramento Municipal Utility District                                                                     | Sacramento Municipal Utility District                                                                     | CUSIP: 786005K64<br>LEI: E3GSVR6ZOU1MX2V7HF33 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1051875.10   | 0.16%             | 2054-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                                                     | California Infrastructure & Economic Development Bank                                                     | CUSIP: 13034RAR4<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1249974.99   | 0.19%             | 2038-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Beverly Hills Unified School District CA                                                                  | Beverly Hills Unified School District CA                                                                  | CUSIP: 088023MX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2230000 | PA      | $1867067.72   | 0.28%             | 2044-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Rialto Redevelopment Agency                                                                               | Rialto Redevelopment Agency                                                                               | CUSIP: 76246PCV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1050840.10   | 0.16%             | 2037-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                                                         | California Housing Finance Agency                                                                         | CUSIP: 13033DAE5<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   9150326 | PA      | $9136855.85   | 1.36%             | 2035-11-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Alameda Community Improvement Commission Successor Agency                                                 | Alameda Community Improvement Commission Successor Agency                                                 | CUSIP: 010775AG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003954.10   | 0.15%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts/Certificates                                                            | Tender Option Bond Trust Receipts/Certificates                                                            | CUSIP: 88035PQG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $700000.00    | 0.10%             | 2031-05-01      | Variable      | 2.95%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                                           | California Community Choice Financing Authority                                                           | CUSIP: 13013JEP7<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5361294.50   | 0.80%             | 2055-02-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                    | California Statewide Communities Development Authority                                                    | CUSIP: 13078YQG3<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1425000 | PA      | $1433887.01   | 0.21%             | 2044-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Industrial Tourist Educational Medical & Environmental Control Facilities Financing Authority | Puerto Rico Industrial Tourist Educational Medical & Environmental Control Facilities Financing Authority | CUSIP: 74528LAF8<br>LEI: 549300YJRISCG6HQ4512 | Long             | DBT              | MUN               | US        |   3420000 | PA      | $3938127.61   | 0.59%             | 2041-01-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| State of California                                                                                       | State of California                                                                                       | CUSIP: 13063ENW2<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |   9500000 | PA      | $10407157.85  | 1.55%             | 2045-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego County Regional Airport Authority                                                               | San Diego County Regional Airport Authority                                                               | CUSIP: 79739GLC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10815000 | PA      | $11092942.26  | 1.65%             | 2038-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue                                | Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue                                | CUSIP: 54466HKS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1695000 | PA      | $1899544.63   | 0.28%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts/Certificates                                                            | Tender Option Bond Trust Receipts/Certificates                                                            | CUSIP: 88035PGF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $800000.00    | 0.12%             | 2046-07-01      | Variable      | 2.38%                 | No            |                  2 | On Loan: No      |
| Santa Monica-Malibu Unified School District                                                               | Santa Monica-Malibu Unified School District                                                               | CUSIP: 802498F91<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5258342.50   | 0.78%             | 2054-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                    | California Statewide Communities Development Authority                                                    | CUSIP: 13080SWP5<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1950000 | PA      | $1840506.53   | 0.27%             | 2051-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                    | California Municipal Finance Authority                                                                    | CUSIP: 13048VBV9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8201936.00   | 1.22%             | 2036-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                    | California Statewide Communities Development Authority                                                    | CUSIP: 13080SMJ0<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   4040000 | PA      | $4051743.88   | 0.60%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Water District of Southern California                                                        | Metropolitan Water District of Southern California                                                        | CUSIP: 59266TXM8<br>LEI: 5493003GD0S0P56RLT45 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1054782.00   | 0.16%             | 2054-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                                                     | California Infrastructure & Economic Development Bank                                                     | CUSIP: 13034A7E4<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   8655000 | PA      | $6491250.00   | 0.97%             | 2065-01-01      | Variable      | 12.00%                | No            |                  2 | On Loan: No      |
| State of California                                                                                       | State of California                                                                                       | CUSIP: 13063ELX2<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $6059189.00   | 0.90%             | 2035-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                                               | Commonwealth of Puerto Rico                                                                               | CUSIP: 74514L3R6<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    526366 | PA      | $385243.49    | 0.06%             | 2033-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                    | California Municipal Finance Authority                                                                    | CUSIP: 13050RAA0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   8465000 | PA      | $8537998.77   | 1.27%             | 2029-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport                              | San Francisco City & County Airport Comm-San Francisco International Airport                              | CUSIP: 79766DXZ7<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10597367.00  | 1.58%             | 2055-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                                                    | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                                                    | CUSIP: 74529JPX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6296000 | PA      | $6162233.30   | 0.92%             | 2058-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                                                         | California Housing Finance Agency                                                                         | CUSIP: 13032WDH4<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   4755000 | PA      | $4908389.64   | 0.73%             | 2045-08-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| State of California                                                                                       | State of California                                                                                       | CUSIP: 13063EMD5<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2343776.00   | 0.35%             | 2038-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Riverside County Transportation Commission                                                                | Riverside County Transportation Commission                                                                | CUSIP: 76912DAU2<br>LEI: 5493003G0IESJS57M350 | Long             | DBT              | MUN               | US        |   1875000 | PA      | $1919467.31   | 0.29%             | 2037-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                                                | City of Los Angeles Department of Airports                                                                | CUSIP: 5444457R4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    835000 | PA      | $970870.62    | 0.14%             | 2035-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                                           | California Community Choice Financing Authority                                                           | CUSIP: 13013JBJ4<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   3150000 | PA      | $3208885.79   | 0.48%             | 2053-05-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                                                | City of Los Angeles Department of Airports                                                                | CUSIP: 544445YH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    720000 | PA      | $537489.50    | 0.08%             | 2049-05-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                    | California Municipal Finance Authority                                                                    | CUSIP: 13048VKZ0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2150000 | PA      | $2153124.17   | 0.32%             | 2039-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                                               | Commonwealth of Puerto Rico                                                                               | CUSIP: 74514L3M7<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    315541 | PA      | $310112.56    | 0.05%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts/Certificates                                                            | Tender Option Bond Trust Receipts/Certificates                                                            | CUSIP: 88034YZE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $400000.00    | 0.06%             | 2049-10-01      | Variable      | 2.38%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                    | California Municipal Finance Authority                                                                    | CUSIP: 13048V3D8<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1871370.90   | 0.28%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                    | California Statewide Communities Development Authority                                                    | CUSIP: 13078YQE8<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1047964.90   | 0.16%             | 2034-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Travis Unified School District                                                                            | Travis Unified School District                                                                            | CUSIP: 894375DN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002306.30   | 0.15%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Long Beach CA Airport System Revenue                                                              | City of Long Beach CA Airport System Revenue                                                              | CUSIP: 542403DR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3600000 | PA      | $3715530.12   | 0.55%             | 2047-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California County Tobacco Securitization Agency                                                           | California County Tobacco Securitization Agency                                                           | CUSIP: 13016NEZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1630000 | PA      | $1431830.63   | 0.21%             | 2049-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles County Public Works Financing Authority                                                       | Los Angeles County Public Works Financing Authority                                                       | CUSIP: 54473EZR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10966569.00  | 1.63%             | 2054-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Port of Los Angeles                                                                                       | Port of Los Angeles                                                                                       | CUSIP: 544552C59<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3465000 | PA      | $4028385.78   | 0.60%             | 2034-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Golden State Tobacco Securitization Corp                                                                  | Golden State Tobacco Securitization Corp                                                                  | CUSIP: 38122NZA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1009740.50   | 0.15%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Guam Government Waterworks Authority                                                                      | Guam Government Waterworks Authority                                                                      | CUSIP: 40065FDE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7890000 | PA      | $8015088.85   | 1.19%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pasadena Unified School District                                                                          | Pasadena Unified School District                                                                          | CUSIP: 702282SA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2477412.68   | 0.37%             | 2047-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Long Beach Bond Finance Authority                                                                         | Long Beach Bond Finance Authority                                                                         | CUSIP: 54241AAY9<br>LEI: 549300BKBZ5U7OZH3S21 | Long             | DBT              | MUN               | US        |   3485000 | PA      | $4015577.31   | 0.60%             | 2035-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego Housing Authority Inc                                                                           | San Diego Housing Authority Inc                                                                           | CUSIP: 79728FLL3<br>LEI: 549300X9H1ODNOOT1Q87 | Long             | DBT              | MUN               | US        |   3260000 | PA      | $3320402.58   | 0.49%             | 2040-06-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                    | California Statewide Communities Development Authority                                                    | CUSIP: 13078YQU2<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1041471.50   | 0.16%             | 2040-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts/Certificates                                                            | Tender Option Bond Trust Receipts/Certificates                                                            | CUSIP: 88035G8P6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1640000 | PA      | $1831204.17   | 0.27%             | 2055-08-01      | Variable      | 8.82%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Industrial Tourist Educational Medical & Environmental Control Facilities Financing Authority | Puerto Rico Industrial Tourist Educational Medical & Environmental Control Facilities Financing Authority | CUSIP: 74528LAC5<br>LEI: 549300YJRISCG6HQ4512 | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3682343.28   | 0.55%             | 2045-01-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| California Pollution Control Financing Authority                                                          | California Pollution Control Financing Authority                                                          | CUSIP: 13054WAV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    565000 | PA      | $607907.85    | 0.09%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| M-S-R Energy Authority                                                                                    | M-S-R Energy Authority                                                                                    | CUSIP: 55374SAD2<br>LEI: 549300UEMSS1JTK5YB98 | Long             | DBT              | MUN               | US        |   1325000 | PA      | $1406727.86   | 0.21%             | 2029-11-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Santa Monica-Malibu Unified School District                                                               | Santa Monica-Malibu Unified School District                                                               | CUSIP: 802498XH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2340000 | PA      | $2376020.09   | 0.35%             | 2041-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Public Finance Authority                                                                       | California Public Finance Authority                                                                       | CUSIP: 13057GAP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  17120000 | PA      | $16752336.02  | 2.49%             | 2054-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                    | California Statewide Communities Development Authority                                                    | CUSIP: 13080SWN0<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    475000 | PA      | $482400.07    | 0.07%             | 2039-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts/Certificates                                                            | Tender Option Bond Trust Receipts/Certificates                                                            | CUSIP: 88035TJA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1200000.00   | 0.18%             | 2033-05-01      | Variable      | 2.95%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                    | California Municipal Finance Authority                                                                    | CUSIP: 13048V2U1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   3480000 | PA      | $3511088.23   | 0.52%             | 2054-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                                           | California Community Choice Financing Authority                                                           | CUSIP: 13013JFR2<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5405148.00   | 0.80%             | 2055-02-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Long Beach Bond Finance Authority                                                                         | Long Beach Bond Finance Authority                                                                         | CUSIP: 54241AAX1<br>LEI: 549300BKBZ5U7OZH3S21 | Long             | DBT              | MUN               | US        |   1010000 | PA      | $1172003.19   | 0.17%             | 2032-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                    | California Statewide Communities Development Authority                                                    | CUSIP: 13078YMG7<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3098069.40   | 0.46%             | 2038-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Educational Facilities Authority                                                               | California Educational Facilities Authority                                                               | CUSIP: 130179SD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2255910.20   | 0.34%             | 2049-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Pollution Control Financing Authority                                                          | California Pollution Control Financing Authority                                                          | CUSIP: 13054WAP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8500000 | PA      | $8776607.85   | 1.31%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Financing Authority                                                                  | California Statewide Financing Authority                                                                  | CUSIP: 130923BH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1584925.22   | 0.24%             | 2043-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                                          | California Health Facilities Financing Authority                                                          | CUSIP: 13032UJD1<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2737564.56   | 0.41%             | 2031-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alameda Corridor Transportation Authority                                                                 | Alameda Corridor Transportation Authority                                                                 | CUSIP: 010869MK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1083325.80   | 0.16%             | 2043-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego County Regional Airport Authority                                                               | San Diego County Regional Airport Authority                                                               | CUSIP: 79739GSZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2745000 | PA      | $3061822.96   | 0.46%             | 2042-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Norman Y Mineta San Jose International Airport SJC                                                        | Norman Y Mineta San Jose International Airport SJC                                                        | CUSIP: 798136VU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6004896.00   | 0.89%             | 2047-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                                          | California Health Facilities Financing Authority                                                          | CUSIP: 13032URP5<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   2785000 | PA      | $2806562.86   | 0.42%             | 2048-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts/Certificates                                                            | Tender Option Bond Trust Receipts/Certificates                                                            | CUSIP: 88035E7F4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $250000.00    | 0.04%             | 2053-07-01      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                    | California Statewide Communities Development Authority                                                    | CUSIP: 13080SVL5<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   3825000 | PA      | $3898114.88   | 0.58%             | 2043-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Alameda Unified School District-Alameda County/CA                                                         | Alameda Unified School District-Alameda County/CA                                                         | CUSIP: 010824JU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1795000 | PA      | $1797422.53   | 0.27%             | 2032-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Compton Public Finance Authority                                                                          | Compton Public Finance Authority                                                                          | CUSIP: 204726AG8<br>LEI: 549300WUETJKEL0LJQ58 | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8003421.60   | 1.19%             | 2032-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                    | California Statewide Communities Development Authority                                                    | CUSIP: 13080SMH4<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7030573.90   | 1.05%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Invesco California AMT-Free Municipal Bond ETF                                                            | Invesco California AMT-Free Municipal Bond ETF                                                            | CUSIP: 46138E206<br>LEI: 549300M4U7LQNGAVRJ41 | Long             | EC               | RF                | US        |       500 | NS      | $12080.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| California Statewide Communities Development Authority                                                    | California Statewide Communities Development Authority                                                    | CUSIP: 13078YQD0<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    815000 | PA      | $830274.97    | 0.12%             | 2029-09-02      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Sacramento City Unified School District/CA                                                                | Sacramento City Unified School District/CA                                                                | CUSIP: 785870R40<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8344924.00   | 1.24%             | 2054-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                    | California Municipal Finance Authority                                                                    | CUSIP: 13048RAM9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1763963.18   | 0.26%             | 2053-09-01      | Variable      | 4.38%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts/Certificates                                                            | Tender Option Bond Trust Receipts/Certificates                                                            | CUSIP: 88035RAT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1665000 | PA      | $1960823.96   | 0.29%             | 2043-07-01      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| San Luis Obispo County Financing Authority                                                                | San Luis Obispo County Financing Authority                                                                | CUSIP: 798693CX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001840.60   | 0.15%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                    | California Municipal Finance Authority                                                                    | CUSIP: 130483GQ7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   6465000 | PA      | $6615816.17   | 0.98%             | 2042-12-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                    | California Municipal Finance Authority                                                                    | CUSIP: 13048V3F3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   3245000 | PA      | $3314016.93   | 0.49%             | 2045-11-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Port of Los Angeles                                                                                       | Port of Los Angeles                                                                                       | CUSIP: 544552C75<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $568645.95    | 0.08%             | 2036-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles County Public Works Financing Authority                                                       | Los Angeles County Public Works Financing Authority                                                       | CUSIP: 54473ESQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2005863.20   | 0.30%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts/Certificates                                                            | Tender Option Bond Trust Receipts/Certificates                                                            | CUSIP: 88034M3A2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4480000 | PA      | $4742952.93   | 0.71%             | 2044-05-15      | Variable      | 7.33%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts/Certificates                                                            | Tender Option Bond Trust Receipts/Certificates                                                            | CUSIP: 88035DB95<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500000.00    | 0.07%             | 2030-08-01      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| California Educational Facilities Authority                                                               | California Educational Facilities Authority                                                               | CUSIP: 1301783W4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9550000 | PA      | $11038220.43  | 1.64%             | 2045-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Burbank-Glendale-Pasadena Airport Authority Brick Campaign                                                | Burbank-Glendale-Pasadena Airport Authority Brick Campaign                                                | CUSIP: 120827DY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1435000 | PA      | $1604234.29   | 0.24%             | 2040-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Pollution Control Financing Authority                                                          | California Pollution Control Financing Authority                                                          | CUSIP: 13054WAQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2537289.25   | 0.38%             | 2045-11-21      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bay Area Toll Authority                                                                                   | Bay Area Toll Authority                                                                                   | CUSIP: 072024A77<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1100164.70   | 0.16%             | 2042-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Educational Facilities Authority                                                               | California Educational Facilities Authority                                                               | CUSIP: 130179TN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10100000 | PA      | $11342043.46  | 1.69%             | 2051-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Guam Government Waterworks Authority                                                                      | Guam Government Waterworks Authority                                                                      | CUSIP: 40065FFG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1545000 | PA      | $1661443.41   | 0.25%             | 2044-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                                               | Commonwealth of Puerto Rico                                                                               | CUSIP: 74514L3H8<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |        81 | PA      | $86.06        | 0.00%             | 2029-07-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Nuveen California AMT-Free Quality Municipal Income Fund                                                  | Nuveen California AMT-Free Quality Municipal Income Fund                                                  | CUSIP: 670651868<br>LEI: 5493005SR7RRUAG9VK19 | Long             | DBT              | MUN               | US        |    200000 | PA      | $200000.00    | 0.03%             | 2047-10-01      | Variable      | 2.73%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts/Certificates                                                            | Tender Option Bond Trust Receipts/Certificates                                                            | CUSIP: 88035TJC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4000000.00   | 0.60%             | 2033-05-01      | Variable      | 2.95%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                                          | California Health Facilities Financing Authority                                                          | CUSIP: 13032U4X3<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1713953.70   | 0.26%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue                                | Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue                                | CUSIP: 54466HMQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    960000 | PA      | $1114315.20   | 0.17%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                                                       | State of California                                                                                       | CUSIP: 13063D5R5<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6596862.00   | 0.98%             | 2043-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Golden State Tobacco Securitization Corp                                                                  | Golden State Tobacco Securitization Corp                                                                  | CUSIP: 38122ND90<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10630000 | PA      | $10434389.93  | 1.55%             | 2051-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Merced Union High School District                                                                         | Merced Union High School District                                                                         | CUSIP: 587635ET6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3380000 | PA      | $2841630.56   | 0.42%             | 2032-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Securitization Authority of Southern California                                                   | Tobacco Securitization Authority of Southern California                                                   | CUSIP: 888804CL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1576472.25   | 0.23%             | 2035-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts/Certificates                                                            | Tender Option Bond Trust Receipts/Certificates                                                            | CUSIP: 88035TAL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $700000.00    | 0.10%             | 2028-05-01      | Variable      | 2.95%                 | No            |                  2 | On Loan: No      |
| BL Train Holdings West LLC - Warrants                                                                     | BL Train Holdings West LLC - Warrants                                                                     | CUSIP: 05594N118<br>LEI: 254900UTS074X7B9VE11 | Long             | EC               | CORP              | US        |     72088 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Woodland-Davis Clean Water Agency                                                                         | Woodland-Davis Clean Water Agency                                                                         | CUSIP: 979585AV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1502367.75   | 0.22%             | 2039-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Educational Facilities Authority                                                               | California Educational Facilities Authority                                                               | CUSIP: 130179EU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000796.00   | 0.15%             | 2045-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Escondido Union High School District                                                                      | Escondido Union High School District                                                                      | CUSIP: 296353LY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $545526.80    | 0.08%             | 2041-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport                              | San Francisco City & County Airport Comm-San Francisco International Airport                              | CUSIP: 79766DWX3<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3655787.10   | 0.54%             | 2049-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                    | California Municipal Finance Authority                                                                    | CUSIP: 13049YBB6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1049639.00   | 0.16%             | 2033-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts/Certificates                                                            | Tender Option Bond Trust Receipts/Certificates                                                            | CUSIP: 88034YTB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3075000 | PA      | $3942200.58   | 0.59%             | 2036-05-15      | Variable      | 7.75%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Industrial Tourist Educational Medical & Environmental Control Facilities Financing Authority | Puerto Rico Industrial Tourist Educational Medical & Environmental Control Facilities Financing Authority | CUSIP: 74528LAB7<br>LEI: 549300YJRISCG6HQ4512 | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3709600.05   | 0.55%             | 2042-01-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Foothill-Eastern Transportation Corridor Agency                                                           | Foothill-Eastern Transportation Corridor Agency                                                           | CUSIP: 345105JH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $5677067.40   | 0.85%             | 2046-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Diego County Regional Airport Authority                                                               | San Diego County Regional Airport Authority                                                               | CUSIP: 79739GGN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1345000 | PA      | $1363246.40   | 0.20%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                    | California Municipal Finance Authority                                                                    | CUSIP: 13049YBC4<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1047005.40   | 0.16%             | 2034-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Irvine CA                                                                                         | City of Irvine CA                                                                                         | CUSIP: 46360RE86<br>LEI: 549300PJ9FL2XGFR8J79 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1014017.20   | 0.15%             | 2038-09-02      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                    | California Municipal Finance Authority                                                                    | CUSIP: 13050WAA9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   4601798 | PA      | $4349979.39   | 0.65%             | 2041-02-20      | Variable      | 3.44%                 | No            |                  2 | On Loan: No      |
| Los Angeles Unified School District/CA                                                                    | Los Angeles Unified School District/CA                                                                    | CUSIP: 544647HQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2402477.40   | 0.36%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                    | California Municipal Finance Authority                                                                    | CUSIP: 13049YBG5<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2069708.00   | 0.31%             | 2038-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                                           | California Community Choice Financing Authority                                                           | CUSIP: 13013JHK5<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3807869.45   | 0.57%             | 2056-04-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| San Ramon Valley Fire Protection District                                                                 | San Ramon Valley Fire Protection District                                                                 | CUSIP: 799400ED4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    680000 | PA      | $630510.21    | 0.09%             | 2050-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                    | California Statewide Communities Development Authority                                                    | CUSIP: 13078RHW3<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3095585.70   | 0.46%             | 2036-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                                                | City of Los Angeles Department of Airports                                                                | CUSIP: 544445JB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1875000 | PA      | $2017869.56   | 0.30%             | 2029-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sacramento Area Flood Control Agency                                                                      | Sacramento Area Flood Control Agency                                                                      | CUSIP: 785840JK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2036255.20   | 0.30%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego County Regional Airport Authority                                                               | San Diego County Regional Airport Authority                                                               | CUSIP: 79739GLD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2136061.60   | 0.32%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Unified School District/CA                                                                    | Los Angeles Unified School District/CA                                                                    | CUSIP: 5446466W7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2083040.80   | 0.31%             | 2042-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Southern California Public Power Authority                                                                | Southern California Public Power Authority                                                                | CUSIP: 842471AX2<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |   4725000 | PA      | $5068065.71   | 0.75%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                                                | City of Los Angeles Department of Airports                                                                | CUSIP: 544445NQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5285955.50   | 0.79%             | 2036-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                                                   | Los Angeles Department of Water & Power                                                                   | CUSIP: 544532MQ4<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   2180000 | PA      | $2374390.38   | 0.35%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                    | California Statewide Communities Development Authority                                                    | CUSIP: 13078YNV3<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    945000 | PA      | $983068.38    | 0.15%             | 2039-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                                          | California Health Facilities Financing Authority                                                          | CUSIP: 13032UMP0<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   5900000 | PA      | $6531993.25   | 0.97%             | 2047-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                    | California Statewide Communities Development Authority                                                    | CUSIP: 13078RGJ3<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3510590.65   | 0.52%             | 2040-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                                                    | California Municipal Finance Authority                                                                    | CUSIP: 13048VBU1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   7550000 | PA      | $7785820.48   | 1.16%             | 2034-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                    | California Statewide Communities Development Authority                                                    | CUSIP: 13078YPW9<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    900000 | PA      | $943390.62    | 0.14%             | 2039-09-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indio Redevelopment Agency Successor Agency                                                               | Indio Redevelopment Agency Successor Agency                                                               | CUSIP: 455719CP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    295000 | PA      | $295911.11    | 0.04%             | 2035-08-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                                                    | California Statewide Communities Development Authority                                                    | CUSIP: 13080ST53<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1370000 | PA      | $1496137.54   | 0.22%             | 2044-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| San Diego Association of Governments South Bay Expressway Revenue                                         | San Diego Association of Governments South Bay Expressway Revenue                                         | CUSIP: 797257AV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2300000 | PA      | $2368813.93   | 0.35%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                                                         | California Housing Finance Agency                                                                         | CUSIP: 13033DAA3<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   7486182 | PA      | $7818003.60   | 1.16%             | 2035-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Port Commission of the City & County of San Francisco                                                     | Port Commission of the City & County of San Francisco                                                     | CUSIP: 797679BB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000515.80   | 0.15%             | 2035-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-27

**Name of Applicant:** Principal Funds, Inc

**Signature:** Megan Hoffmann

**Name of Signer:** /s/ Megan Hoffmann

**Title:** Vice President and Treasurer