| ARIZONA BRD REGENTS UNIV ARIZ | 200,000.00 | 0.55 | $226,106.00 | 5.00 | 06/01/2018 | AZSHGR |
| ARIZONA BRD REGENTS UNIV ARIZ | 375,000.00 | 1.02 | $418,848.75 | 5.00 | 06/01/2019 | AZSHGR |
| ARIZONA BRD REGENTS UNIV ARIZ | 500,000.00 | 1.25 | $512,820.00 | 5.00 | 06/01/2039 | AZSHGR |
| ARIZONA GAME & FISH DEPT & | 640,000.00 | 1.59 | $650,291.20 | 5.00 | 07/01/2026 | AZSCTF |
| ARIZONA HEALTH FACS AUTH REV | 400,000.00 | 0.98 | $400,000.00 | 0.22 | 07/01/2035 | AZSMED |
| ARIZONA HEALTH FACS AUTH REV | 500,000.00 | 1.21 | $495,830.00 | 5.00 | 07/01/2028 | AZSMED |
| ARIZONA HEALTH FACS AUTH REV | 500,000.00 | 1.30 | $531,555.00 | 5.50 | 01/01/2021 | AZSMED |
| CASH | 397,733.75 | 0.97 | $397,733.75 | 0.00 | 12/15/2038 | US-CASH |
| FLAGSTAFF ARIZ | 385,000.00 | 0.94 | $385,042.35 | 5.00 | 01/01/2032 | FLA |
| GILA CNTY ARIZ UNI SCH DIST NO | 500,000.00 | 1.26 | $514,350.00 | 5.25 | 07/01/2027 | GILSCD |
| GILBERT ARIZ PUB FACS MUN PPTY | 500,000.00 | 1.29 | $528,260.00 | 5.00 | 07/01/2025 | GBTFAC |
| GLENDALE ARIZ INDL DEV AUTH | 350,000.00 | 0.81 | $330,235.50 | 5.00 | 05/15/2031 | GLEDEV |
| GLENDALE ARIZ INDL DEV AUTH | 1,500,000.00 | 3.16 | $1,295,190.00 | 5.00 | 12/01/2042 | GLEMED |
| GLENDALE ARIZ MUN PPTY CORP EX | 2,000,000.00 | 4.96 | $2,028,180.00 | 5.00 | 07/01/2033 | GLEDEV |
| LONG TERM RECEIVABLES | -44,791.01 | -0.11 | -$44,791.01 | 0.00 | N/A | SECNCAHUS |
| MARANA ARIZ TANGERINE FARMS RD | 924,000.00 | 2.01 | $820,909.32 | 4.60 | 01/01/2026 | MRAGEN |
| MARICOPA CNTY ARIZ INDL DEV AU | 400,000.00 | 0.97 | $396,352.00 | 5.25 | 07/01/2032 | MARMED |
| MARICOPA CNTY ARIZ INDL DEV AU | 500,000.00 | 1.28 | $522,825.00 | 6.00 | 07/01/2039 | MARMED |
| MARICOPA CNTY ARIZ SCH DIST NO | 1,250,000.00 | 3.46 | $1,417,300.00 | 5.38 | 07/01/2013 | MARSCD |
| NAVAJO CNTY ARIZ POLLUTN CTL | 500,000.00 | 1.26 | $516,965.00 | 5.75 | 06/01/2034 | NVAPOL |
| NOGALES ARIZ MUN DEV AUTH INC | 500,000.00 | 1.11 | $453,585.00 | 5.00 | 06/01/2030 | NOGDEV |
| NORTHERN ARIZ UNIV CTFS PARTN | 1,000,000.00 | 2.42 | $992,290.00 | 5.00 | 09/01/2030 | NAUCTF |
| ORO VALLEY ARIZ MUN PPTY CORP | 1,000,000.00 | 2.63 | $1,076,850.00 | 5.00 | 07/01/2020 | ORVGEN |
| PEORIA ARIZ MUN DEV AUTH INC | 1,085,000.00 | 3.00 | $1,228,426.15 | 5.00 | 01/01/2018 | PEODEV |
| PHOENIX ARIZ CIVIC IMPT CORP | 900,000.00 | 2.28 | $933,417.00 | 5.00 | 07/01/2039 | PHOWTR |
| PHOENIX ARIZ CIVIC IMPT CORP | 2,000,000.00 | 4.91 | $2,007,880.00 | 5.25 | 07/01/2027 | PHOAPT |
| PHOENIX ARIZ CIVIC IMPT CORP W | 850,000.00 | 2.28 | $935,229.50 | 5.00 | 07/01/2019 | PHOUTL |
| PHOENIX ARIZ CIVIC IMPT CORP W | 1,000,000.00 | 2.50 | $1,021,160.00 | 5.00 | 07/01/2024 | PHOUTL |
| PHOENIX ARIZ INDL DEV AUTH | 340,000.00 | 0.83 | $340,200.60 | 5.35 | 06/01/2020 | PHOSFH |
| PIMA CNTY ARIZ INDL DEV AUTH | 500,000.00 | 0.90 | $367,285.00 | 5.00 | 06/01/2037 | PIMDEV |
| PIMA CNTY ARIZ INDL DEV AUTH | 500,000.00 | 1.22 | $500,185.00 | 5.38 | 07/01/2039 | PIMDEV |
| PIMA CNTY ARIZ INDL DEV AUTH | 500,000.00 | 1.23 | $503,345.00 | 5.25 | 07/01/2031 | PIMDEV |
| PIMA CNTY ARIZ INDL DEV AUTH | 500,000.00 | 1.24 | $508,305.00 | 4.95 | 10/01/2020 | PIMPOL |
| PIMA CNTY ARIZ INDL DEV AUTH S | 30,000.00 | 0.07 | $30,056.40 | 6.12 | 11/01/2033 | PIMSFH |
| PUERTO RICO COMWLTH | 250,000.00 | 0.65 | $267,472.50 | 5.12 | 07/01/2031 | PRC |
| PUERTO RICO COMWLTH | 335,000.00 | 0.82 | $336,443.85 | 6.00 | 07/01/2039 | PRC |
| PUERTO RICO ELEC PWR AUTH PWR | 100,000.00 | 0.23 | $94,304.00 | 5.00 | 07/01/2037 | 74526QKX9 |
| PUERTO RICO ELEC PWR AUTH PWR | 200,000.00 | 0.49 | $201,214.00 | 5.50 | 07/01/2038 | PRCPWR |
| PUERTO RICO HSG FIN AUTH | 175,000.00 | 0.47 | $191,142.00 | 5.50 | 12/01/2018 | PRCHSG |
| QUEEN CREEK ARIZ IMPT DIST NO | 1,000,000.00 | 2.17 | $887,650.00 | 5.00 | 01/01/2032 | QUEGEN |
| SALT RIVER PROJ ARIZ AGRIC IMP | 1,000,000.00 | 2.50 | $1,022,470.00 | 5.00 | 01/01/2031 | SALPWR |
| SALT RIVER PROJ ARIZ AGRIC IMP | 1,000,000.00 | 2.56 | $1,046,840.00 | 5.00 | 01/01/2039 | SALPWR |
| SALT RIVER PROJ ARIZ AGRIC IMP | 1,250,000.00 | 3.23 | $1,320,150.00 | 5.00 | 01/01/2025 | SALPWR |
| SALT VERDE FINL CORP GAS REV A | 400,000.00 | 0.84 | $342,276.00 | 5.00 | 12/01/2037 | SLTPWR |
| SCOTTSDALE ARIZ INDL DEV AUTH | 500,000.00 | 1.13 | $464,250.00 | 5.25 | 09/01/2030 | SCOMED |
| SCOTTSDALE ARIZ WTR & SWR REV | 600,000.00 | 1.72 | $705,882.00 | 5.00 | 07/01/2019 | SCOUTL |
| SECURITIZED NET CASH - ACR1 | 749,249.08 | 1.83 | $749,249.08 | 0.00 | N/A | SECCASHAC |
| SHOW LOW ARIZ INDL DEV AUTH HO | 1,600,000.00 | 3.91 | $1,600,480.00 | 5.50 | 12/01/2017 | SHODEV |
| SOUTH CAMPUS GROUP LLC ARIZ | 1,000,000.00 | 2.45 | $1,002,370.00 | 5.62 | 09/01/2035 | SCMHSG |
| SOUTHERN ARIZ CAP FACS FIN | 1,000,000.00 | 2.71 | $1,109,880.00 | 5.00 | 09/01/2023 | STHEDU |
| UNIVERSITY ARIZ CTFS PARTN | 500,000.00 | 1.34 | $549,980.00 | 5.12 | 06/01/2022 | UNICTF |
| UNIVERSITY MED CTR CORP ARIZ | 500,000.00 | 1.13 | $461,440.00 | 5.00 | 07/01/2035 | UMCMED |
| UNIVERSITY MED CTR CORP ARIZ | 500,000.00 | 1.30 | $530,915.00 | 6.50 | 07/01/2039 | UMCMED |
| UNIVERSITY MED CTR CORP ARIZ | 1,000,000.00 | 2.22 | $909,970.00 | 5.00 | 07/01/2033 | UMCMED |
| UNIVERSITY P R UNIV REVS | 1,000,000.00 | 2.11 | $864,690.00 | 5.00 | 06/01/2036 | UNIHGR |
| VIRGIN ISLANDS PUB FIN AUTH RE | 1,000,000.00 | 2.58 | $1,053,770.00 | 6.12 | 10/01/2029 | VITGEN |
| YAVAPAI CNTY ARIZ INDL DEV AUT | 2,000,000.00 | 4.80 | $1,962,520.00 | 5.25 | 08/01/2021 | YAVMED |